‘Just a matter of time’ before BSP reserves top $100B
The Philippines’ foreign exchange reserves will likely top the $100-billion mark soon, according to the chief of the central bank—a situation that will give the country a measure of protection…
Gov’t got BSP nod for $5.6B in foreign loans to fund pandemic fight
The central bank has approved a large batch of foreign loans meant to help fund the government’s fight against the coronavirus pandemic, but the regulator was quick to point out…
BSP chief warns Congress vs 1-yr loan payment moratorium
The central bank has put its foot down against lawmakers’ proposals to grant loan borrowers a blanket one-year halt to debt payments as part of a broader relief package being…
PH foreign debts manageable despite gov’t borrowing spree, says BSP
MANILA, Philippines – The country’s external debt level is expected to remain manageable amid increased foreign borrowings to support the national government’s efforts to address the impact of the COVID-19…
BSP chief: PH economy in good position to weather pandemic
The sharp contraction of the economy in the second quarter of the year—the largest decline in the country’s history—is different from previous crises because the country is on better footing…
BSP chief sees no doomsday scenario in PH economy
The Philippines’ macroeconomic fundamentals remain sound despite a record contraction of gross domestic product due to the impact of the coronavirus pandemic, according to the central bank chief. Bangko Sentral…
‘The worst is behind us’: BSP chief says there’s no way for PH economy but up
The head of the country’s central bank said on Thursday (Aug. 6) that the worst is over for the Philippine economy, after the government announced that economic growth declined by…
Pandemic’s silver lining: PH inflation is in check, says BSP
The pace of price increases in the country will likely remain in check for the foreseeable future due to the impact of the COVID-19 pandemic, the central bank said on…
BSP joins global central banking group promoting ‘green’ finance
MANILA, Philippines – The Bangko Sentral ng Pilipinas has joined the ranks of monetary authorities around the world working toward managing climate- and environment-related risks in a bid to mobilize…
BSP: Remittance drop accelerates in May, down by almost a fifth
MANILA, Philippines — Dollars sent to the Philippines by the country’s large expatriate workforce declined by nearly a fifth in May as more Filipinos lost their jobs overseas due to…