Nestor Espenilla - updates

Rappler's latest stories on Nestor Espenilla


LOOK: Banking community mourns Bangko Sentral's Espenilla

Feb 26, 2019 - 1:40 PM

The public may pay their last respects to the late Bangko Sentral ng Pilipinas governor at the Aeternum in Heritage Park, Taguig City

The humble 'bad cop': Philippines remembers BSP chief Espenilla

Feb 25, 2019 - 4:00 PM

(UPDATED) Various sectors and personalities remember Bangko Sentral ng Pilipinas Governor Nestor Espenilla Jr as a humble technocrat who took on big names and unjust practices

REST IN PEACE. Various personalities and institutions mourn of the passing of BSP Governor Nestor Espenilla. Photo by Inoue Jaena/Rappler

Bangko Sentral appoints Cyd Tuaño Amador as officer-in-charge

Feb 24, 2019 - 8:15 AM

The BSP Monetary Board designates Deputy Governor Maria Almasara Cyd Tuaño Amador as officer-in-charge, after the death of Governor Nestor Espenilla Jr

Screenshot from BSP video

Bangko Sentral Governor Nestor Espenilla dies at 60

Feb 23, 2019 - 11:39 PM

(UPDATED) Bangko Sentral ng Pilipinas Governor Nestor Espenilla Jr passes away after battling tongue cancer

Economic managers pressure Piñol to curb soaring inflation

Sep 05, 2018 - 3:30 PM

The rising prices of agricultural goods are seen as the 'main drivers of inflation,' and the Department of Agriculture headed by Secretary Emmanuel Piñol 'must act quickly'

Bangko Sentral hikes interest rates again over high inflation

Aug 09, 2018 - 4:05 PM

(3rd UPDATE) The Bangko Sentral ng Pilipinas raises interest rates by 50 basis points

Philippine external debt down to $73.2B in Q1 2018

Jun 15, 2018 - 6:31 PM

BSP Governor Nestor Espenilla Jr says net repayments which amounted to $3.4 billion mitigated upward pressures

Philippine inflation continues to rise at 4.3% in March

Apr 05, 2018 - 12:27 PM

(UPDATED) Higher price increases are noted in rice, corn, fish, fruits, and vegetables, according to data from the Philippine Statistics Authority

INFLATION. The Philippines' inflation rate accelerates to 3.5% in October 2017. File photo by Jay Directo/AFP

With rising inflation, NEDA calls for measures to help the poor

Mar 06, 2018 - 7:25 PM

Socioeconomic Planning Secretary Ernesto Pernia says the government 'must pay closer attention to the poor,' as inflation hits a new 3-year high

Philippine inflation hits new 3-year high at 4.5% in February

Mar 06, 2018 - 10:17 AM

(3rd UPDATE) Higher prices of food and drinks, among others, drive the cost of living up, with inflation at its fastest rate since August 2014

BSP governor recovering from tongue cancer

Feb 25, 2018 - 8:35 PM

But for Bangko Sentral ng Pilipinas Governor Nestor Espenilla Jr, it is 'work as usual,' as he closely monitors peso volatility

CANCER-FREE. Nestor Espenilla Jr says it is 'work as usual’ for the BSP chief. Rappler file photo

Bank for OFWs could open in February 2018

Dec 22, 2017 - 8:00 PM

The establishment of the bank is now being reviewed after the Bangko Sentral ng Pilipinas approved Landbank's acquisition of Postbank

GO SIGNAL. BSP approves Landbank's acquisition of the Philippine Postal Savings Bank which will be turned into a bank for OFWs. Photo by Rappler

BSP remains vigilant over potential economic overheating

Nov 21, 2017 - 7:15 PM

'We do not believe that we are there yet and we remain very vigilant to avoid it,' Bangko Sentral ng Pilipinas Governor Nestor Espenilla Jr says on the possibility that the economy might overheat

BSP keeps interest rates unchanged

Nov 09, 2017 - 9:50 PM

The Bangko Sentral ng Pilipinas says there is no need to change monetary settings at the moment as there is enough credit and liquidity in the market

MANAGEABLE. Despite faster rise in consumer prices, Bangko Sentral chief Nestor Espenilla Jr says monetary authorities believe future inflation path would stay within target. Photo by Inoue Jaena/Rappler

Philippines pledges $1 billion to IMF emergency fund

Oct 31, 2017 - 6:15 PM

The emergency fund is used to provide assistance to ailing economies

SHARED RESPONSIBILITY. This is the Philippines' commitment to contribute to the stability of the international monetary system given its sound macroeconomic fundamentals. In the photo are BSP Governor Nestor Espenilla Jr (r) and IMF head Christine Lagarde. Photo from BSP

BSP leaves Philippine interest rates unchanged again

Sep 21, 2017 - 9:46 PM

The Bangko Sentral ng Pilipinas believes the prevailing monetary policy settings remain appropriate

STAY VIGILANT. 'While prospects for global economic growth have stayed broadly upbeat, geopolitical tensions and lingering uncertainty over macroeconomic policies in advanced economies continue to pose downside risks to external demand,' BSP Governor Nestor Espenilla Jr says. Photo by Inoue Jaena/Rappler

Philippine inflation in July edges up

Aug 04, 2017 - 6:15 PM

BSP Governor Nestor Espenilla Jr says the central bank continues to see a manageable inflation outlook over the policy horizon

WITHIN TARGET. The July 2017 inflation remains below the midpoint of the 2% to 4% target set by the Bangko Sentral ng Pilipinas (BSP). Rappler image

BSP plans to tap artificial intelligence

Jul 27, 2017 - 5:30 PM

The Philippines central bank is using the buzzwords FinTech RegTech and chatbots

ROBOTICS? The Philippines' central bank taps a technology partner to study the possibility of adopting artificial intelligence in its operations. File photo

Chuchi Fonacier is new BSP deputy governor for bank supervision

Jul 23, 2017 - 11:29 PM

Fonacier will fill the post vacated by BSP Governor Nestor Espenilla Jr

NEW CHIEF. Chuchi Fonacier is the first woman to head Bangko Sentral ng Pilipinas' Supervision and Examination Sector. Image from BSP

Metrobank loses over P14B in market value amid fraud issue

Jul 23, 2017 - 11:15 PM

The stock of Metrobank was the biggest underperformer in the local bourse

REINFORCES COMMITMENT. George Ty (left) of Metrobank assures no customer has been affected in this incident. Photo by Alecs Ongcal/Rappler Photo by Alecs Ongcal/Rappler

Favila, Abacan get seats in Bangko Sentral's Monetary Board

Jun 29, 2017 - 6:30 PM

Meanwhile former socioeconomic planning secretary Felipe Medalla retains his position as member of the board

COMPLETE. Medalla (left) retained, Favila (middle) and Abacan (right) named new members of the Monetary Board. Favila and Abacan photos from GT Capital

BPI assures clients: You'll get your money back

Jun 07, 2017 - 10:13 AM

UPDATED This is simply a glitch The amount will be restored by the end of the day says BPI president and CEO Cezar Consing

BPI GLITCH..Customers check their account after learning that their account was debited on BPI Branch in Manila. Photo by Inoue Jaena/Rappler

BSP to banks: Don't pay ransomware attackers

May 16, 2017 - 9:30 PM

While no Philippine bank was affected in the global ransomware attack the Bangko Sentral ng Pilipinas issues guidelines on dealing with cyber criminals and protecting sensitive data

#ThewRap: Videos you need to watch this week, May 8-14, 2017

May 14, 2017 - 2:29 PM

Must watch videos from this week

Espenilla's target: Break new ground for financial inclusion

May 13, 2017 - 2:39 PM

Incoming BSP Governor Espenilla says It’s easy because essentially I’m here doing a job… Our mandate is clear and our constituency is clear: I serve the public

Bangko Sentral ng Pilipinas New Governor Nestor Espenilla speaks with the members of media during press briefing at BSP Complex in Manila. Photo by Inoue Jaena/Rappler

Why Espenilla was chosen new BSP governor

May 13, 2017 - 12:57 PM

Former Central Bank governor Jose Cuisia has these to say about BSP s Amando Tetangco Nestor Espenilla and Diwa Guinigundo

Rappler Talk: Incoming BSP Governor Nestor Espenilla on his plans

May 12, 2017 - 7:21 PM

Watch Espenilla’s interview before he assumes the post in July here on Rappler

#ThewRap: Things you need to know, May 12, 2017

May 12, 2017 - 11:00 AM

Hello Here are the stories you shouldn t miss this Friday

BSP maintains policy rates, inflation forecast

May 11, 2017 - 11:25 PM

There is only one more policy meeting left before Bangko Sentral ng Pilipinas Governor Amando Tetangco Jr hands over the reins to his successor

RATE KEPT. BSP Governor Amando Tetangco Jr says the central bank is keeping the overnight borrowing rate at 3%. Screenshot from BSP YouTube page

EXPLAINER: Why is the role of Bangko Sentral governor important?

May 10, 2017 - 6:40 PM

(UPDATED) The governor of the central bank should stay independent from politics. What are the other important roles of a BSP governor?

LEADER. The last time a new BSP Governor was appointed was in 2005, Rappler takes a look at why this role is important.

#ThewRap: Things you need to know, May 10, 2017

May 10, 2017 - 10:20 AM

Hello Here s a roundup of news you need to know this Wednesday

Espenilla promises continuity, more financial innovation at BSP

May 09, 2017 - 9:10 PM

The new governor of the Bangko Sentral ng Pilipinas outlines his plans to maintain the country s monetary stance as well as expand the debt market and digital payments

Bangko Sentral ng Pilipinas New Governor Nestor Espenilla speaks with the members of media during press briefing at BSP Complex in Manila. Photo by Inoue Jaena/Rappler

Philippine bankers cheer Espenilla's appointment

May 09, 2017 - 6:16 PM

UPDATED Outgoing BSP Governor Amando Tetangco Jr and most bankers got what they asked and hoped for: an insider with years of central banking experience

ESPENILLA. Nestor Espenilla Jr is the next Bangko Sentral ng Pilipinas (BSP) Governor. Photo by Inoue Jaena/Rappler

FAST FACTS: What does the Bangko Sentral ng Pilipinas do?

May 09, 2017 - 1:05 PM

(UPDATED) Budget Secretary Benjamin Diokno is named BSP governor. Rappler takes a look at the role of the BSP as he steps in, along with some of the issues he may face ahead.

NEW CAPTAIN. The BSP welcomes a new governor - Nestor Espenilla Jr.

Who is new BSP governor Nestor Espenilla?

May 08, 2017 - 8:35 PM

President Rodrigo Duterte picks technocrat Nestor Espenilla Jr as the new Philippine central bank chief replacing world acclaimed Amando Tetangco Jr

Presidential Spokesperson Ernesto Abella looks on as Finance Secretary Carlos Dominguez III congratulates newly-appointed Bangko Sentral ng Pilipinas (BSP) Governor at Malacañan Palace on May 8, 2017. RICHARD MADELO/PRESIDENTIAL PHOTO

Duterte appoints Espenilla as BSP governor

May 08, 2017 - 7:35 PM

UPDATED A very wise choice after a thorough evaluation of the future needs of the country and of all the candidates says Finance Secretary Carlos Dominguez III

NEW APPOINTEE. President Rodrigo Duterte shakes hands with next Bangko Sentral ng Pilipinas (BSP) Governor Nestor Espenilla Jr on May 8, 2017. Malacañang photo

BSP eyes bigger fines for banks violating anti-money laundering law

Apr 12, 2016 - 9:01 PM

For Senator Sergio Osmeña III the RCBC money laundering issue is just the tip of the iceberg

PROTECTION FROM MONEY LAUNDERERS.  BSP Deputy Governor Nestor Espenilla Jr says there is a basis to increase penalties for those violating AMLA laws. Photo by Alecs Ongcal/Rappler

Bangladesh Bank heist, Panama Papers, Will and Kate | 6PM wRap

Apr 12, 2016 - 7:13 PM

Watch Rappler’s 6PM newscast with Chay Hofileña

BSP eyes expanding e-payments by 2020

Dec 10, 2015 - 5:40 PM

The National Retail Payment System will facilitate the country’s shift from a cash heavy to a cash lite economy

INCREASE. BSP Governor Amando Tetangco Jr. says the share of electronic payments currently is only 1%, thus BSP is looking at increasing the share of e-payments to 20% over the next 5 years with the roll out of the National Retail Payment System.

BSP approves sweetened perks for rural bank mergers

Aug 22, 2015 - 12:13 PM

BSP says encouraging more mergers among rural banks will bring about a less fragmented banking system in the Philippines

SWEETENED PERKS. The program offers financial and regulatory perks to groups of rural banks serving similar areas to combine operations and create larger institutions

Don't raise ATM fees, banks told

Sep 26, 2013 - 3:57 PM

Citing consumer protection issues the Bangko Sentral ng Pilipinas BSP says banks have to defer hikes in ATM fees pending a study of industry practices

NO HIKE. The banking regulator orders industry players to defer increase in ATM fees. File photo by AFP

Banks remain closed in Zamboanga

Sep 10, 2013 - 11:31 AM

Banks stay closed for business on the second day of the Zamboanga crisis

Ongpin finds BSP official's charge 'amusing'

Jan 15, 2013 - 6:58 PM

Businessman Roberto Ongpin laughed off charges that he is singling out and persecuting Bangko Sentral ng Pilipinas BSP deputy governor Nestor Espenilla Jr

Ongpin to file case vs another AMLC exec

Jan 13, 2013 - 7:48 PM

This is the second case Ongpin lodged against a member of the AMLC

UNDER SUSPICION. Roberto "Bobby" Ongpin faces the Senate Blue Ribbon Committee in November 2011. Photo from Senate website

From word war, Ongpin-BSP drama shifts to legal battle

Jan 10, 2013 - 10:24 AM

Ongpin files graft charges against BSP Deputy Governor Nestor Espenilla before the Office of the Ombudsman

IN A BATTLE. Businessman Roberto V. Ongpin (right) finally files a complaint against central bank Deputy Governor Nestor Espenilla Jr. (left) before the Ombudsman

Ongpin vs BSP saga: Lame defense and graft case

Jan 09, 2013 - 12:12 PM

At stake are Ongpin s reputation and the independent government agencies muscle to rein in one of the country s most powerful

IN A BATTLE. Businessman Roberto V. Ongpin (right) slams the central bank for defending its official, Nestor Espenilla Jr. (left)

Ongpin exits PBCom, sells stake to nephew

Jan 06, 2013 - 5:51 PM

Ongpin says the move is meant to protect PBCom from any untoward action by monetary officials whom he slammed publicly over their alleged bias toward him

Ongpin to sue BSP deputy gov Espenilla

Jan 04, 2013 - 3:14 PM

Ongpin accuses Espenilla of violating the anti graft law after the latter asked the appellate court to freeze his bank accounts