The fintech company disclosed that it participated in an official meeting on May 29 with the Securities and Exchange Commission (SEC) and the BSP’s Technology Risk and Innovation Supervision Department (TRISD), where it informed regulators that it was finalizing an agreement with a BSP-accredited VASP partner.
OceanaGold Philippines delivered more gold than required to the Bangko Sentral ng Pilipinas in 2025, adding to the country’s reserve buffer as central banks worldwide lean more heavily on bullion during a volatile period for global markets.
Slowing economic momentum is expected to take center stage at the Bangko Sentral ng Pilipinas’ (BSP) monetary policy meeting on Feb. 19, with Metrobank projecting a 25-basis-point rate cut to support domestic growth.
Finance Secretary Frederick Go’s entry into the Monetary Board of the Bangko Sentral ng Pilipinas is more than a routine leadership change. It strengthens the policy bridge between Malacañang’s fiscal agenda and the central bank’s monetary decisions at a time when alignment between the two has become increasingly critical.
Bangko Sentral ng Pilipinas Governor Eli Remolona Jr. on Tuesday signaled limited room for further policy rate adjustments in 2026 despite a benign inflation rate environment, reiterating the regulator’s mantra that any adjustment will be data dependent.
The Philippines' net foreign direct investments (FDI) in August 2025 recorded a sharp decline, signaling persistent headwinds for capital inflows despite remaining positive. Data from the central bank show that net FDI inflows amounted to $494 million in August 2025 — a 40.5-percent drop from the $830 million recorded in August 2024.
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.
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.
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.