amando tetangco jr - updates

Rappler's latest stories on amando tetangco jr

ARTICLE FINDER

BSP maintains interest rates in Tetangco's final Monetary Board meeting

Jun 22, 2017 - 6:20 PM

While global economic conditions remain challenging outgoing BSP Governor Amando Tetangco Jr says prospects for domestic economic activity continue to be firm

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

Philippine peso, stock market stable despite martial law declaration

May 24, 2017 - 10:15 PM

BSP Governor Amando Tetangco Jr points out however that there may be temporary cautiousness in the next few days

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

#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.

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

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 keeps policy stance, cuts inflation forecast

Mar 23, 2017 - 9:15 PM

The Bangko Sentral ng Pilipinas lowers its inflation outlook for 2017 and 2018 to 3 4 and 3 respectively

WIDELY EXPECTED. Bangko Sentral ng Pilipinas Governor Amando Tetangco Jr says the US Federal Reserve rate hike is widely expected and already priced in. Screenshot from BSP Youtube page

Who should be next BSP chief? Tetangco prefers 'insider'

Mar 14, 2017 - 5:08 PM

Expertise familiarity and patience are the top 3 qualities Amando Tetangco Jr look for in his successor

COA to BSP's Tetangco: Return excess allowance

Mar 01, 2017 - 3:58 PM

BSP executives receive a P6 000 P9 500 per diem for every meeting they attend instead of the P1 000 per meeting allowed by law

Duterte's PDP-Laban backs EastWest Bank head for BSP governor

Feb 13, 2017 - 12:25 AM

Antonio Moncupa Jr who also heads the PDP Laban policy think tank gets the endorsement of the ruling party

Inflation seen at 2.3%-3.2% in January – BSP

Jan 26, 2017 - 2:35 PM

Higher domestic prices of fuel as well as excise tax adjustments for alcoholic beverages and tobacco products would likely affect prices of basic goods and services

UPSIDE PRESSURES. Higher domestic prices of gasoline, diesel and LPG as well as the excise tax adjustments for alcoholic beverages and tobacco products would likely exert upside price pressures

5 reasons the gold shipment complaint vs Aquino is a joke

Jan 07, 2017 - 7:53 AM

Wrong documents wrong dates wrong government posts are cited

In Perito and Cantora's affidavit, Mar Roxas is Secretary of Department of Nutrition and Local Government and Leila De Lima is Secretary of Department of Finance.

BSP maintains monetary policy, inflation targets

Dec 22, 2016 - 8:25 PM

The Bangko Sentral ng Pilipinas keeps the inflation target for 2017 and 2018 at 3

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

BSP to intervene if there's too much forex volatility

Nov 23, 2016 - 7:40 PM

We just need to further enhance our surveillance and continue to build buffers because there are many moving parts in the external sector in the global economy says BSP chief Amando Tetangco Jr

NOT UNIQUE. BSP says that the weakness of the peso is not unique to the Philippines as other emerging market currencies are also weakening due to the strength of the greenback. Rappler file photo

BSP chief Tetangco open to possible 3rd term

Nov 23, 2016 - 5:58 PM

Let us cross the bridge when we get there BSP Governor Amando Tetangco Jr says about the offer which requires an amendment of the BSP Charter

ASIA'S BEST. The Banker names Philippine central bank governor Amando Tetangco Jr. as Asia's best. AFP file photo

Philippines maintains monetary policy; cuts inflation forecasts

Aug 11, 2016 - 8:45 PM

The BSP trims inflation forecasts for this year and the next to 1 8 from 2 and to 2 9 from 3 1 respectively

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

BSP: New system to shorten check clearing process to a day

Jul 13, 2016 - 7:30 AM

The new system will eliminate transport risks on the physical checks said Tetangco It will also address consumer protection issues that may come about from stolen or otherwise altered checks

BANGKO SENTRAL NG PILIPINAS. File photo from BSP

Gov't unsatisfied with Fitch's PH credit rating

Apr 08, 2016 - 8:30 PM

The Philippines is still underrated as it outperforms its neighbors in Southeast Asia in terms of economic growth drivers Finance Secretary Cesar Purisima says

UNDERRATED. Financial markets believe the Philippines is much less of a credit risk compared with other countries enjoying higher credit ratings. Image from Shutterstock

OFW remittances in December hit record high at $2.7B

Feb 20, 2016 - 10:30 AM

Although potential layoffs threaten the Saudi labor market OFW remittances last December surge by 4 9

RECORD HIGH. The continued deployment of skilled OFWs remains a key factor to the growth in remittance inflows, BSP says

Philippines gets credit rating upgrade from NICE

Jan 23, 2016 - 9:54 AM

With this latest credit rating action from NICE Fitch Ratings remains the only agency that assigns the minimum investment grade to the Philippines

UP A NOTCH. The upgrade anchors on improved government transparency and enhanced environment backed by expanded infrastructure

PH 2015 inflation settles at 1.4%

Jan 05, 2016 - 4:06 PM

While expected it is still below the government s 2015 target of 2 4 but upward price movements push December inflation to 1 5

EXPECTED. Favorable supply-side factors such as relatively lower domestic retail prices of corn, oil, and rice, lower international oil prices, and the contraction in the prices of housing and other utilities contribute to full-year 2015 inflation of 1.4%.

Foreign direct investments surge 123.4% in Sept

Dec 11, 2015 - 3:31 PM

But despite hitting a record high of 1 5B for that month it is still down 5 5 in 9 months this year

SURGE. BSP Governor Amando Tetangco Jr. says foreign direct investments surge in September on the back of the country’s sustained gross domestic product growth, benign inflation environment, healthy foreign exchange reserves, and stable foreign exchange rate. File photo by Agence France-Presse

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.

PH foreign exchange reserves down in November

Dec 07, 2015 - 7:00 PM

Following a record high in October gross international reserves decline due to higher foreign debt payments and lower gold prices in the world market

LOWER. BSP Governor Amando Tetangco Jr. says the country’s foreign exchange reserves reached $80.57 billion in end-November or $525 million lower compared to $81.09 billion in October. File photo by Agence France-Presse

BSP eyes increasing yuan investments

Dec 02, 2015 - 5:26 PM

Investing in the yuan remains an option for the central bank in line with its diversification policy

OPTION. But investing in the yuan continues to be an option for the BSP, in line with its diversification policy to enhance the returns of international reserves, as well as to diversify the currency composition, BSP Governor Amando Tetangco Jr says. File photo from Agence France-Presse

Remittances grow 4.3% in September after August setback

Nov 16, 2015 - 8:58 PM

Cash sent home by Filipinos abroad grew 4 3 to 2 2 billion in September

BSP to change P100 bill color in 2016

Oct 26, 2015 - 11:14 AM

The new P100 will have a different shade – mauve from bluish gray – but will have the same design

Fitch raises PH outlook to positive

Sep 24, 2015 - 10:24 PM

The Philippines is still underrated as it continues to outperform its single A rated neighbors in Southeast Asia Finance Secretary Cesar Purisima says

POSITIVE. The revised credit outlook and the likely credit rating upgrade from Fitch Ratings are a reflection of what financial markets say all along about the Philippines’ creditworthiness, Finance Secretary Cesar Purisima says.

For the 8th time, key interest rates still unchanged

Sep 24, 2015 - 7:30 PM

The benign inflation outlook also provides ample room to keep monetary policy settings unchanged at this time

PH external debt falls first half of 2015

Sep 18, 2015 - 9:00 PM

The central bank chief traces the decline to negative foreign exchange revaluation adjustments amounting to 2 6 billion as the US economy continues to gradually recover

LOWER. Bangko Sentral ng Pilipinas (BSP) Governor Amando Tetangco Jr. says on Friday, September 18 that the country’s external debt reached $75 billion from January to June this year – $3.6 billion lower compared to $78.59 billion in the same period in 2014. Photo from the Bangko Sentral ng Pilipinas

For the 7th time, BSP chief hailed one of the world's top central bankers

Aug 25, 2015 - 7:10 PM

Amando Tetangco Jr has been graded A by NY based Global Finance magazine along with 7 other central bank chiefs worldwide

 Photo from Bangko Sentral ng Pilipinas

PH peso falls P46.82:$1

Aug 24, 2015 - 7:00 PM

This is the lowest in 5 years

PH peso rebounds from 3-day losing streak

Aug 13, 2015 - 7:28 PM

The exchange rate remains flexible and market determined BSP Deputy Governor Diwa Guinigundo says

BSP maintains policy rates, lowers inflation forecast

Aug 13, 2015 - 6:16 PM

Given firm domestic demand the BSP apparently considers that the Philippine economy does not require additional stimulus from monetary policy

PH peso weakens further to P46:$1

Aug 12, 2015 - 5:42 PM

Despite the newest 5 year low record BSP s Deputy Governor Diwa Guinigundo says the peso is holding its ground and is one of the least depreciated currency in the region

PH peso weakens to 5-year low

Aug 11, 2015 - 6:47 PM

The country s central bank says currencies in the region weaken after Chinese authorities devalue their tightly controlled currency

PH foreign exchange reserves slip in July

Aug 08, 2015 - 3:00 PM

The central bank expects the Philippines to end the year with about 81 6 billion in dollar reserves

INCREASE. Money pumped by foreign investors to the country reached $6.2 billion in 2014, a 65.9% increase from 2013’s $6.7 billion, the Bangko Sentral ng Pilipinas  reports Tuesday, March 10, 2015. File photo by Agence France-Presse

Support electronic retail payment, BSP urges

Aug 03, 2015 - 7:00 PM

The BSP governor urges banks institutions to support ERPs system to boost savings and expand reach of financial services to more Filipinos

BSP ready to step in if China slowdown heightens

Jul 20, 2015 - 12:38 AM

The central bank is confident that the economy will withstand the slowdown having faced similar pressures last year

GOING DOWN. A stock investor sits in front of an electronic screen showing stock price at a brokerage house in Beijing, China on July 6. File Photo/EPA Wu Hong

PH peso 2nd least volatile Asian currency so far in 2015

Jul 14, 2015 - 11:44 PM

The peso has moved within acceptable range despite the Greek bailout and China’s stock market collapse

PH banks can meet higher capital buffers – Fitch Ratings

Jul 08, 2015 - 5:36 PM

Overall Philippine bank capitalization is relatively robust as several lenders have already boosted their capital requirements

Inflation eases to record-breaking 1.2% in June

Jul 07, 2015 - 6:09 PM

The latest inflation rate defies economists’ expectations that it would not go any lower than 1 6 the record for May 2014

PH gets credit rating upgrade from Japan

Jul 06, 2015 - 6:32 PM

The latest upgrade from Japan Credit Rating Agency is the 22nd positive rating action for the country from international credit rating agencies like S P Moody’s and Fitch

S&P maintains investment grade for PH

Apr 25, 2015 - 6:26 PM

The government is aiming for an A category rating over the medium term

Gov't sets 3% inflation target for 2015

Feb 03, 2015 - 5:20 PM

Confident that inflation will remain low in the next 4 years the latest target is also aligned with the government growth projection until 2016 the central bank says

Inflation within target for 6th consecutive year – BSP

Jan 23, 2015 - 4:22 PM

The government inflation target has remained within range for the 6th consecutive year since 2009 despite the 3rd quarter growth slump in 2014 the central bank says

Remittance growth picks up in July

Sep 16, 2013 - 7:53 PM

More Filipinos are deployed for jobs overseas