Monday, 1 July 2024
1 day ago
More investments, but also more loans: Money flowing into PH rose in the first quarter
The central bank said this widening gap was due to a 3.8% rise in the country’s external financial liabilities, which outpaced the 1.3% growth in financial assets of Filipinos invested in or lent to foreign entities.
1 day ago
Did local borrowers mistime their dollar loans just as peso began to weaken?
By: Daxim L. Lucas
The peso’s weakness, which began toward the end of the first quarter, resulted in the local currency depreciating by over 6% since then. This means a borrower who took out a loan in mid-March would today be carrying 6% more debt in peso terms.
2 days ago
Consumer prices may have risen at a slightly slower pace in June — central bank
The Bangko Sentral ng Pilipinas on Friday projected that June 2024 inflation to fall within the range of 3.4 to 4.2 percent.
2 days ago
Gloomy businesses see higher inflation, pricier loans contrary to BSP forecasts
Despite government assurances of declining inflation and interest rates, businesses expect price increases to keep accelerating and borrowing costs to rise in the third quarter of the year and the next 12 months.
2 days ago
‘Hot money’ flows turned positive in May as local stocks drew foreign buyers
The Philippine Stock Exchange was a major beneficiary of the funds, attracting 65% of registered investments, amounting to $685 million. The key sectors drawing investments included banks, holding firms, property, transportation services, and mining.
3 days ago
Remolona says lower interest rates by Aug. ‘somewhat more likely than before’
Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. said on Thursday that an interest rate cut is increasingly likely for August based on current inflation trends.
19 Jun 2024
7:47PM
PH economy sees $2-B dollar flow surplus in May on govt’s foreign borrowings
More dollars entered the Philippine economy than left it last month thanks mainly to the inflow of foreign borrowings of the national government, according to the BSP.
17 Jun 2024
9:46AM
Expat Filipino dollar remittances up 3.1% in seasonally weak April
Dollars sent home by overseas Filipinos increased by 3.1% to $2.86 billion in April 2024, up from $2.77 billion during the same month last year — growing marginally for at least the third year in a row now during the traditionally weak month for remittances.
12 Jun 2024
1:19PM
BSP orders 1-hour refunds for failed Instapay transfers, 2 hours for PESONet
This circular aims to enhance customer trust in digital payments by ensuring timely resolution of concerns, the BSP said in a statement.
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