Friday, 24 January 2025
2 days ago
PH dollar flow surplus shrank in 2024 as economy spent more, earned less
The Philippines posted a balance of payments surplus of $609 million in 2024, significantly lower than the $3.7 billion recorded in the previous year, according to data from the Bangko Sentral ng Pilipinas.
15 Jan 2025
4:39PM
QUICK LOOK: Expat Filipino remittances on track for 3% growth in 2024 as of Nov.
In a statement, the central bank said the year-to-date total for January to November 2024 stands at $34.61 billion, reflecting a 3-percent growth compared to the same period in 2023.
12 Jan 2025
5:53PM
Philippine banking in 2025: BSP Governor’s vision for growth and innovation
Key priorities for 2025 include accelerating digital transformation to make financial services more accessible and inclusive, particularly for underserved communities. The BSP will also intensify efforts to promote Open Finance, enabling consumers to access tailored financial solutions that best meet their needs.
7 Jan 2025
9:39AM
QUICK LOOK: PH Dec. inflation rose to 2.9%, full-year 2024 average down to 3.2%
Key drivers for the higher December 2024 inflation rate were rising costs in housing, utilities, and transport, according to the Philippine Statistics Authority.
6 Jan 2025
3:41PM
Emergency funds available (if needed): PH, Japan renew $12-B bilateral swap deal
The agreement, signed by the Bank of Japan – acting as an agent for Japan’s Minister of Finance – and the Bangko Sentral ng Pilipinas, allows both nations to exchange local currencies for US dollars.
4 Jan 2025
8:31AM
QUICK LOOK: BSP reduces 2025 monetary policy meetings to bimonthly schedule
The change will allow more robust forecasting and sector expert engagement to refine policy decisions, the central bank said.
3 Jan 2025
3:03PM
Growing AI adoption to impact revenues of Philippine BPO industry — BSP report
The BPO sector, a cornerstone of the Philippines’ export revenue, is expected to grow at a slower rate in 2024 and 2025 “consistent with latest trend driven in part by domestic constraints in AI adoption.”
27 Dec 2024
2:30PM
QUICK LOOK: PH gov’t keeps 2-4% inflation goal through 2028 amid stable outlook
Inflation target retained: The DBCC and BSP upheld the 2.0–4.0% inflation target for 2025–2028 to anchor inflation expectations and ensure price stability.
20 Dec 2024
5:37PM
QUICK LOOK: Filipino firms less upbeat for 1st quarter, cautious for rest of 2025
Optimism among Filipino businessmen for the first quarter of 2025 softened as the confidence index fell to 40.3 percent, reflecting concerns over slower post-holiday demand and inflationary pressures.
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