bangko sentral ng pilipinas - updates

Rappler's latest stories on bangko sentral ng pilipinas


Bangko Sentral slashes reserve requirement for small banks

May 23, 2019 - 7:15 PM

The Bangko Sentral ng Pilipinas slashes the amount small banks need to hold in their reserves – a move that is expected to free up some P20 billion in the economy

Duterte signs Bangko Sentral's gold bill into law

May 22, 2019 - 2:20 PM

Under Republic Act No. 11256, gold from small-scale mining activities can be sold tax-exempt to the Bangko Sentral ng Pilipinas

Bangko Sentral shuts down Rural Bank of Basey in Samar

May 20, 2019 - 4:55 PM

The Rural Bank of Basey is the fifth bank closed by the Bangko Sentral ng Pilipinas in 2019

CLOSING DOWN A BANK. The Bangko Sentral  ng Pilipinas closes down the Rural Bank of Basey. Rappler file photo

Bangko Sentral to cut reserve requirement in phases

May 16, 2019 - 6:00 PM

(UPDATED) The Bangko Sentral ng Pilipinas will cut the reserve requirement ratio – or the amount banks need to hold on to in their reserves – by 200 basis points to 16% in 3 tranches

Foreign direct investments up by 20% in February 2019

May 10, 2019 - 8:40 PM

Foreign direct investments hit $746 million in February, says the Bangko Sentral ng Pilipinas

Bangko Sentral cuts interest rates as inflation, growth slow down

May 09, 2019 - 5:10 PM

(UPDATED) The Bangko Sentral ng Pilipinas cuts the key policy rate by 25 basis points, but some economists say the move may have been done too early

Bangko Sentral looks into Luzon earthquake's impact on banks

Apr 23, 2019 - 7:10 PM

Several banks in Luzon were temporarily closed due to the strong earthquake

Foreign direct investments plummet by 38.2% in January 2019

Apr 10, 2019 - 5:45 PM

The Bangko Sentral ng Pilipinas says the decline in foreign direct investments reflects the 65.3% drop in equity capital placements

Photo from Shutterstock

2 arrested in Quezon for mutilating P10 coins

Apr 07, 2019 - 4:20 PM

The Bangko Sentral ng Pilipinas says one of the suspects 'even uploaded a coin mutilation video' on social media, attracting authorities' attention

BSP Conducts Succesful Operation Against Currency Mutilation. Photo from Bangko Sentral ng Pilpinas.

Residential property prices inch up in Q4 2018 – BSP

Mar 30, 2019 - 9:27 PM

Residential real estate prices go higher, especially in the National Capital Region, in the last quarter of 2018

Construction of a residential condominium in Quezon City on August 6, 2018. Photo by Jire Carreon/Rappler

Election fever boosts business confidence

Mar 29, 2019 - 11:43 AM

Based on the results of the Business Expectations Survey, the overall confidence for the 1st quarter of 2019 improved to 35.2% – the first time in 4 quarters that the business outlook improved

Bangko Sentral keeps interest rates unchanged

Mar 21, 2019 - 6:25 PM

The Bangko Sentral ng Pilipinas maintains interest rates as inflation is easing and domestic activity is projected to be stable

Photo from the Bangko Sentral ng Pilipinas

Another miss: 2018 foreign direct investments dip by $500 million

Mar 12, 2019 - 7:57 AM

Foreign direct investments reach $9.8 billion in 2018, $600 million short of projections

Diokno eyes easing monetary policy with cooling inflation

Mar 08, 2019 - 1:05 PM

Newly-installed Bangko Sentral ng Pilipinas governor Benjamin Diokno says timing is important when deciding on easing monetary policies amid cooling inflation

FIRST BRIEFING. Newly-appointed Bangko Sentral ng Pilipinas Governor Benjamin Diokno holds his first press briefing on March 8, 2019. Photo by Lito Borras/Rappler

Andaya retreats in war with Diokno now that he’s BSP gov

Mar 06, 2019 - 5:57 PM

‘Some other person, some other time, maybe in the next Congress,’ says Representative Rolando Andaya Jr about his previous threat to sue Benjamin Diokno over alleged public works scams

WHITE FLAG. Camarines Sur 1st District Representative Rolando Andaya Jr says he will no longer pursue his once aggressive push to sue outgoing budget secretary Benjamin Diokno over alleged public works scams. Photos by Darren Langit/Rappler

Diokno defends his BSP chief post: 'I'm not a politician'

Mar 06, 2019 - 1:04 PM

'No one has the birthright to say that the governor should come from this group or that group. What's bad is if you come from a bank,' says incoming Bangko Sentral ng Pilipinas governor Benjamin Diokno

QUALIFIED. Incoming Bangko Sentral ng Pilipinas governor Benjamin Diokno defends his credentials. File photo by Darren Langit/Rappler

[ANALYSIS] Diokno’s appointment to the BSP: Need we worry?

Mar 06, 2019 - 11:04 AM

Diokno’s experience and expertise lie in fiscal policy (which deals primarily with the way government raises and spends money) rather than in monetary policy (which deals primarily with controlling the country’s money supply)

Malacañang says CA nod not needed for Diokno appointment as BSP governor

Mar 06, 2019 - 9:07 AM

The New Central Bank Act states that the appointment of BSP governor, as head of a department, requires CA confirmation. But the Palace cites a Supreme Court ruling that states no law can add to the types of government officials needing CA approval

Photo by Angie de Silva/Rappler

What lies ahead for new Bangko Sentral Governor Benjamin Diokno?

Mar 05, 2019 - 5:15 PM

(UPDATED) Benjamin Diokno's appointment to the Bangko Sentral ng Pilipinas comes as the central bank gets more powers and navigates uncertainty in the external environment

FAST FACTS: Who is Benjamin Diokno?

Mar 05, 2019 - 3:10 PM

Get to know Benjamin Diokno, the new Bangko Sentral ng Pilipinas governor

NEW BANGKO SENTRAL GOVERNOR. Budget Secretary Benjamin Diokno has been appointed as the new Bangko Sentral ng Pilipinas governor. Photo by Angie de Silva/Rappler

Duterte appoints Diokno as Bangko Sentral governor

Mar 04, 2019 - 9:55 PM

(3rd UPDATE) Benjamin Diokno will serve the remaining term of the late Bangko Sentral ng Pilipinas governor Nestor Espenilla Jr until 2023

President Rodrigo Roa Duterte is seen huddled together with newly-appointed Bangko Sentral ng Pilipinas Governor Benjamin Diokno and other members of the cabinet on the sidelines of the 35th Cabinet Meeting at the Malacañan Palace on March 4, 2019. RICHARD MADELO/PRESIDENTIAL PHOTO

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

New law gives Bangko Sentral more powers

Feb 18, 2019 - 12:55 PM

The Bangko Sentral ng Pilipinas now has supervisory powers over money service businesses, credit granting businesses, and payment system operators

VERY STRONG. The central bank hikes interest rates again amid stubbornly high inflation. Rappler file photo

Bangko Sentral sees 'more manageable' inflation in 2019

Feb 07, 2019 - 5:15 PM

The Bangko Sentral ng Pilipinas sees inflation in 2019 averaging 3.1%, well within the target band of 2% to 4%

Media made inflation worse? Economic team never flagged it until now

Feb 06, 2019 - 4:05 PM

Rappler reviews statements of the government's economic team and finds that they never mentioned media reports among the factors which aggravated inflation in 2018

Feeling the inflation pinch, Filipinos hold back on spending

Feb 04, 2019 - 1:32 PM

TheNerve’s survey results show Filipinos feeling financially worse off in 2018

Buying a home in 2019? High interest rates will bite

Jan 05, 2019 - 8:44 AM

High inflation in 2018 is the poltergeist of the new year. Check Rappler's list to see which banks offer the lowest interest rates for housing loans.

Banks urged to post remittance charges online for OFWs

Dec 21, 2018 - 4:39 PM

ACTS-OFW party-list group cites World Bank Remittance Prices report that shows banks remain the most expensive means to send cash to the Philippines

TRANSPARENCY. ACTS-OFW party-list urges banks to post remittance rates. Shutterstock photo

Bangko Sentral hits pause on interest rates

Dec 13, 2018 - 6:35 PM

The Bangko Sentral ng Pilipinas keeps interest rates at 4.75%, amid easing inflation

Korean intercepted at NAIA for carrying P25.7 million

Dec 02, 2018 - 1:55 PM

The Bangko Sentral ng Pilipinas allows foreign travelers to carry only up to $10,000 whenever they enter or leave the country

VIOLATOR. The Bureau of Customs intercepts a Korean tourist at the Ninoy Aquino International Airport. File photo from Wikimedia Commons

Acting Chief Justice Carpio: China does not own South China Sea | Evening wRap

Nov 16, 2018 - 8:28 PM

Watch Rappler’s evening newscast with Quita Chuatico

Bangko Sentral hikes interest rates for 5th time to curb inflation

Nov 15, 2018 - 5:00 PM

The Bangko Sentral ng Pilipinas projects inflation to settle at 5.3% in 2018, then significantly drop to 3.5% in 2019

Inflation likely peaked in Q3 2018 – Bangko Sentral

Oct 31, 2018 - 5:55 PM

The Bangko Sentral ng Pilipinas projects inflation in October to settle within 6.2% to 7%

Philippines, China launch peso-yuan trading facility

Oct 30, 2018 - 8:05 PM

Finance Secretary Carlos Dominguez III says this reduces the cost of doing business for Chinese and Filipino businessmen

FASTER CONVERSION. The peso-yuan trading facility hastens the exchange of the two currencies. Shutterstock photo

Inflation rises to 6.2% in Q3 2018

Oct 19, 2018 - 10:35 AM

(UPDATED) This is beyond the 4.8% to 5.2% range estimated by the government for the entire year

Commonwealth Public Market on Monday, October 08, 2018. Photo by Darren Langit/Rappler

Government to cut projects over 2019 fuel tax hike suspension

Oct 17, 2018 - 10:45 AM

Budget Secretary Benjamin Diokno says non-infrastructure projects will be the first in line to be reviewed for postponement

Philippines' high inflation also good, says Bangko Sentral official

Oct 16, 2018 - 7:50 PM

Felipe Medalla says the high inflation figure reflects the elevated prices of cigarettes and sugary drinks, which were planned by the government under the TRAIN law

Foreign direct investments soar in July 2018 despite economic tensions

Oct 11, 2018 - 9:55 AM

The central bank says the higher foreign direct investment inflows in July reflect the 'continued positive investor sentiment on the Philippine economy'

CEOs, managers bullish on banking sector, economy – Bangko Sentral poll

Oct 04, 2018 - 10:13 AM

The BSP survey, which covered 114 major banks, also reveals the eagerness of top executives in adopting financial technology as part of their business strategy

Bangko Sentral hikes interest rates for 4th time, raises inflation forecasts

Sep 27, 2018 - 5:00 PM

The Bangko Sentral ng Pilipinas hikes interest rates by 50 basis points. It also raises its inflation forecasts for 2018 and 2019.

Philippine peso, stocks sink further

Sep 26, 2018 - 6:20 PM

The Philippine peso and the local bourse sink further on Wednesday, September 26, despite interest rate hike expectations

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