Thursday, 30 October 2025
11 hours ago
Peso rebounds after record low, seen stabilizing near P59 per USD
The local currency opened at P59.15 and touched a record intraday low of 59.26, but strengthened as market participants locked in profits from the peso’s historic fall.
14 Oct 2025
11:41AM
BSP warns demonetization won’t curb corruption, urges reforms instead
The BSP cited India’s 2016 demonetization as a cautionary tale. The move abruptly invalidated 86 percent of India’s cash, aiming to curb graft and fake currency. Instead, it caused widespread economic disruption—closing small businesses, cutting jobs, and shaving about two percentage points off GDP.
9 Oct 2025
3:47PM
Corruption-induced economic weakness prompts 4th straight BSP rate cut
The central bank chief cited a “benign” inflation outlook that remains well within its target range and said inflation expectations “remain well-anchored.” With price pressures easing, policymakers saw room to support economic activity without threatening price stability.
19 Sep 2025
4:13PM
BSP’s P500,000 daily withdrawal cap may disrupt cash-reliant firms
By: Daxim L. Lucas
While the BSP’s move would likely target anti-money laundering and fraud risk management, the unintended consequence is a liquidity squeeze on cash-reliant but legitimate businesses. Unless paired with robust digital payment alternatives and financial inclusion measures, the cap risks disrupting day-to-day commerce, particularly outside Metro Manila.
17 Sep 2025
9:22AM
BSP tests new anti-scam law in flood control corruption probe
The central bank said it is applying the Anti Financial Account Scamming Act (RA 12010), which took effect in June, to track potential “money muling” — the use of bank accounts to move or conceal criminal proceeds.
15 Sep 2025
7:39PM
Philippines nears J.P. Morgan bond index milestone. Will it make the cut in 2026?
The Philippines is a step closer to joining J.P. Morgan’s closely watched emerging market bond index, a move that could attract more foreign investments into the country’s debt market.
4 Sep 2025
9:36AM
UnionBank first to go live on Open Finance for PERA Pilot
Union Bank of the Philippines became the first bank to officially go live on the Bangko Sentral ng Pilipinas-led Open Finance for PERA (OFxPERA) Pilot platform during its recent ceremonial launch.
2 Sep 2025
3:53PM
BSP fires two supervisors, imposes lifetime gov’t work ban
The central bank said its Monetary Board approved the sanctions on Aug. 20 after reviewing the BSP legal department’s investigative findings. The penalties also cover forfeiture of retirement benefits, cancellation of civil service eligibility, and a lifetime bar from taking civil service exams.
29 Aug 2025
11:27PM
BSP Governor Remolona earns second A- grade from Global Finance
Only those with A+, A, or A- grades are publicly named; Remolona’s back-to-back A- places him in an elite group of leaders delivering sound outcomes amid global volatility.
Advertisement
