Bangko Sentral ng Pilipinas
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OFW remittances slow down in January-July 2018

Sep 17, 2018 - 8:00 PM

Overseas Filipino workers send a total of $18.5 billion from January to July this year

Philippine peso plummets to P54 vs $1

Sep 12, 2018 - 5:45 PM

The Philippine peso dips further on Wednesday, September 12, amid a wider trade deficit, high inflation, and rising oil prices

WEAK. The Philippine peso continues its losing streak. Shutterstock photo


Consumers turn gloomy over Philippine economy in Q3 2018

Sep 07, 2018 - 8:13 PM

The Bangko Sentral ng Pilipinas' consumer expectation report reveals that Filipinos are now pessimistic on the economy

Business confidence in Q3 sinks to 8-year low

Sep 06, 2018 - 9:30 PM

The Q3 2018 Business Expectations Survey shows companies are concerned with the rising cost of raw materials, weak peso, and stiffer competition

Philippine peso weakens further to 13-year low

Sep 06, 2018 - 7:40 PM

The Philippine peso is now just a few centavos away from hitting P54 to $1

Inflation expected to jump even higher in August 2018

Sep 03, 2018 - 10:45 AM

The Department of Finance (DOF) expects inflation to hit another 9-year high

CA keeps central bank from selling off Banco Filipino's assets

Aug 22, 2018 - 8:30 PM

The Court of Appeals reverses a Makati court's November 27, 2017, decision that would have allowed the BSP to dispose of Banco Filipino's assets

Banco Filipino loses Supreme Court bid for P25-B financial aid

Aug 15, 2018 - 2:40 PM

Problems continue for the embattled bank as it loses its petition for a P25-billion government loan

A private security guard stands in front of a Philippine thrift bank, Banco Filipino building in the financial district of Manila on March 16, 2011, after the bank closed March 15 due to heavy withdrawals. The Philippine central bank in a statement on March 16, have asked the management of Banco Filipino to explain the "bank's status to its clients". AFP PHOTO/TED ALJIBE / AFP PHOTO / TED ALJIBE

BSP’s interest hike won't address supply-driven inflation – Pernia

Aug 10, 2018 - 9:58 PM

Socioeconomic Planning Secretary Ernesto Pernia says tightening of monetary policy by the Bangko Sentral ng Pilipinas 'will not directly address the supply side of inflation'

PERNIA. NEDA Sec. Ernesto Pernia on Tuesday, July 31, 2018, during hearing on the proposed P3.8-trillion budget for 2019. Photo by Darren Langit

Foreign investments soar 142.9% in May 2018

Aug 10, 2018 - 6:51 PM

The Bangko Sentral ng Pilipinas says foreign direct investments in May stood at $1.6 billion

INVESTMENTS. Foreign investors remain optimistic in the Philippine economy. Rappler file photo

Bangko Sentral raises inflation forecast for 2018, 2019

Aug 10, 2018 - 10:20 AM

The Bangko Sentral ng Pilipinas sees 2018 full-year inflation hitting 4.9% and 2019 average inflation at 3.7%

INFLATION. Prices of goods continue to rise in the Philippines, prompting the central bank to raise its inflation forecast. Photo by Jire Carreon/Rappler

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

Inflation hits another fresh high of 5.7% in July 2018

Aug 07, 2018 - 9:05 AM

(UPDATED) This is mainly due to prices of food and non-alcoholic beverages, which keep rising

INFLATION. Prices of food and basic commodities soar in July. Photo by Jire Carreon

BSP shuts down Batangas-based Tiaong Rural Bank

Aug 03, 2018 - 8:26 PM

Tiaong Rural Bank, Inc. is the 6th problmatic bank to be shut down this year

Bangko Sentral projects July 2018 inflation to jump as high as 5.8%

Jul 31, 2018 - 3:30 PM

Economists of the Bangko Sentral ng Pilipinas attribute the expected spike to increases in electricity and water rates, jeepney fares, and prices of agricultural goods

Philippine economy to grow below gov't target – IMF

Jul 25, 2018 - 9:35 PM

The International Monetary Fund expects the Philippines' gross domestic product to expand by 6.7% for 2018 and 2019, below the government's target of 7% to 8%

OFW remittances rise in May 2018

Jul 16, 2018 - 7:35 PM

Overseas Filipino workers have sent $13.2 billion year-to-date, according to the Bangko Sentral ng Pilipinas

An overseas Filipina worker lines up at a remittance center in Lucky Plaza. A lot of overseas Filipino workers send money to the families they support back home. According to the 2014 Survey on Overseas Filipinos released by the Philippine Statistics Authority, 173.2 billion pesos was the total remittance sent by OFWs from April to September 2014.

Bangko Sentral ng Pilipinas takes on fake news

Jul 13, 2018 - 5:57 PM

The Bangko Sentral ng Pilipinas reminds the public that they have the authority to run after individuals spreading manipulated images of Philippine banknotes

#ThewRap: Things you need to know, July 13, 2018

Jul 13, 2018 - 12:38 PM

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52.8 million Filipinos don't have bank accounts

Jul 12, 2018 - 7:08 AM

They say they don’t have enough money for that, according to a Bangko Sentral ng Pilipinas survey

#ThewRap: Things you need to know, July 11, 2018

Jul 11, 2018 - 11:40 AM

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

President Rodrigo Roa Duterte, in his speech during the National Micro, Small, and Medium Enterprise (MSME) Summit 2018 held at the Association of Southeast Asian Nations (ASEAN) Convention Center (ACC) in Clark Freeport Zone, Pampanga on July 10, 2018, assures that he will continue to promote ease of doing business to make the country a conducive environment for MSMEs to thrive.

Foreign direct investments dip by 3.2% in April 2018

Jul 11, 2018 - 8:12 AM

Despite the year-on-year dip, the central bank is optimistic due to 'favorable investor sentiment'

[OPINION] Why inflation is actually at a 9-year high

Jul 10, 2018 - 9:23 AM

The BSP expects inflation to settle in at 4.6% this year, above its 4% upper target. This means we can expect inflation to further increase till the third quarter of 2018 before it subsides.

Who's to blame for soaring inflation? 'All of them' in gov't, says economist

Jul 05, 2018 - 9:50 PM

UP professor Emmanuel de Dios likens the Philippines' economic managers to the suspects in Agatha Christie's 'Murder on the Orient Express' – they're all 'guilty'

June 2018 inflation soars to 5.2%

Jul 05, 2018 - 9:13 AM

(5TH UPDATE) Inflation climbs to another fresh high, exceeding market expectations and government forecasts

Housing prices rise by 2.1% in Q1 2018

Jul 01, 2018 - 7:00 PM

In the 1st quarter of 2018, there was a 13.8% increase in the prices of townhouses and a 2% increase in the prices of condominium units, says the Bangko Sentral ng Pilipinas

June 2018 inflation may hit as high as 5.1% – BSP economists

Jun 29, 2018 - 5:55 PM

The Bangko Sentral ng Pilipinas says the elevated prices of rice, some agricultural goods, and liquefied petroleum gas may have pushed inflation upward

BSP warns: P10,000-bill is fake

Jun 23, 2018 - 2:05 PM

Use of a fake banknote is punishable under the law, says the Bangko Sentral ng Pilipinas

FAKE. The Bangko Sentral ng Pilipinas says the viral photos of a P10,000 bill is fake. Photo by BSP

Bangko Sentral hikes rates again amid high inflation

Jun 20, 2018 - 7:45 PM

The Bangko Sentral ng Pilipinas implements back-to-back rate hikes as 'inflation expectations remain elevated for 2018'

OFW remittances hit $2.35 billion in April 2018

Jun 18, 2018 - 8:45 PM

The Bangko Sentral ng Pilipinas says remittances sent through banks grew by 12.7% year-on-year, but were lower by 0.4% from March 2018

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 peso breaches P53 to $1 level, falls to 12-year low

Jun 13, 2018 - 4:58 PM

The peso closes at P53.23 to $1, its weakest level since June 2006

Consumer confidence improves in Q2 2018

Jun 10, 2018 - 12:40 PM

The Bangko Sentral ng Pilipinas attributes this to optimism on income and jobs, among others, though consumers still think prices of goods will rise further

This photo taken on April 11, 2018, shows vegetable vendors dealing with customers at an overpass in Manila. The Asian Development Bank lifted its outlook for growth in developing Asia this year thanks to a pick-up in the global export demand but it warned of risks from a potential China-US trade war. / AFP PHOTO / NOEL CELIS

#ThewRap: Things you need to know, June 5, 2018

Jun 05, 2018 - 1:02 PM

Hello! Here are the stories you shouldn't miss this Tuesday.

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Jun 05, 2018 - 12:12 PM

Watch Rappler’s midday newscast with Bea Cupin

Philippine inflation spikes at 4.6% in May 2018

Jun 05, 2018 - 9:06 AM

(2nd UPDATE) Inflation hits a new 5-year high

May 2018 inflation likely to breach target again – BSP

Jun 01, 2018 - 3:29 PM

Bangko Sentral ng Pilipinas economists project May inflation to settle within 4.6% to 5.4% – breaching last month's high of 4.5%

Rising prices, weaker peso slightly hurt business confidence in Q2 2018

May 31, 2018 - 6:30 PM

The Bangko Sentral ng Pilipinas says businesses' overall confidence index was at 39.3% for the 2nd quarter of 2018, a slight decline from the 39.5% for the 1st quarter

Agriculture department blames banks for poor growth

May 28, 2018 - 10:08 AM

Bangko Sentral ng Pilipinas (BSP) data reveals loans extended toward agriculture and agrarian reform are nowhere near what the law mandates

FARMERS. A community finishes a palay season after harvest in Pangasinan. Photo by Mau Victa/Rappler

PH hot money net inflows hit $279M in April

May 19, 2018 - 8:30 AM

Data from the Bangko Sentral ng Pilipinas show that the country had a net inflow of foreign portfolio investments for the second straight month in April with $279.28 million, 5 times more than in the same month last year

BSP to demonetize commemorative coins from 1974 to 1994

May 18, 2018 - 3:00 PM

The central bank says the commemorative coins will remain legal tender (mode of payment) up to April 30, 2019

Philippines posts sharpest drop in remittances in 15 years

May 15, 2018 - 7:16 PM

This comes on the heels of the repatriation of overseas Filipino workers from Middle East countries

Images from Shutterstock

Foreign direct investments in PH continue to strengthen in February

May 11, 2018 - 4:30 PM

The country's central bank governor says this reflects investor confidence in the country’s sound macroeconomic fundamentals and growth prospects

Bangko Sentral ng Pilipinas hikes interest rates for first time since 2014

May 10, 2018 - 6:16 PM

The country's central bank expects the inflation rate to be higher in the coming months

BSP revokes licenses of money changers linked to pork barrel scam

May 08, 2018 - 7:45 PM

Edzen Enterprises and World Wide Money Changer are found to have violated the Anti-Money Laundering Act

AMLA VIOLATIONS. Bangko Sentral ng Pilipinas (BSP) revokes the license of two firms linked to the pork barrel scam: Edzen Enterprises and of World Wide Money Changer. Photo of BSP headquarters from Ramon Velasquez/Wikipedia

Philippines' forex buffer hits 3-year low in April

May 07, 2018 - 6:55 PM

This is dragged by outflows arising from payments made by the national government for its maturing foreign obligations as well as the foreign exchange operations of the central bank

Majority of Filipinos still have no bank account – World Bank

May 06, 2018 - 9:00 PM

While the gap remains, the number of Filipino adults holding formal bank accounts is now higher, accelerated by mobile phones and the internet

BSP issues new rules to protect credit cardholders, spur entry of new players

May 04, 2018 - 3:31 PM

The Bangko Sentral ng Pilipinas has issued the implementing rules and regulations of the credit card law, strengthening protection for the country's 8 million credit cardholders

Philippine inflation rises to 4.5% in April 2018

May 04, 2018 - 10:15 AM

Inflation reaches another 5-year high amid price increases for alcoholic beverages and tobacco; transport; as well as housing, water, electricity, gas, and other fuels

Amid high inflation, Bangko Sentral ready to raise interest rates 'if needed'

May 03, 2018 - 4:10 PM

While the Philippine central bank's medium-term inflation outlook remains within the government target, it says it will continue monitoring the figures in case a policy shift is needed

READY TO RAISE. If all considerations point to the need for the BSP to undertake some decisive action, Diwa Guinigundo says BSP 'will not have second thoughts.' File photo by BSP