Saturday, 5 October 2024
1 day ago
BSP vows measured approach to interest rate policy amid sharp Sept inflation drop
The Bangko Sentral ng Pilipinas said its Monetary Board will adopt a “calibrated approach” for its interest rate policy despite the government announcing that September inflation had dropped to 1.9 percent — its lowest level since May 2020.
1 day ago
Philippine government reducing fiscal deficit at slower pace than planned, IMF says
The current consolidation plan was put in place to reduce the government’s deficit and debt, both of which grew due to massive spending during the COVID-19 pandemic.
3 days ago
Fitch’s BMI: Big BSP cuts to bring rates down to pre-pandemic levels by 2025
By: Miguel R. Camus
Warning signs of a slowing Philippine economy may prompt the Bangko Sentral ng Pilipinas to implement “jumbo” cuts that would bring the policy rate back to the prepandemic level.
4 days ago
PH borrowers shied away from dollar loans in second quarter as peso weakened
This drop in dollar loans coincided with a 4-percent depreciation of the Philippine peso against the US dollar during the same period, which likely contributed to decreased borrowing as foreign currency loans became more expensive for local borrowers.
4 days ago
Foreign investments into PH stocks, bonds surged 543% in first 8 months of 2024
Gross inflows for the month stood at $1.37 billion, with 51.2 percent of these investments going to securities listed on the Philippine Stock Exchange. The remaining 48.8 percent were directed toward peso-denominated government securities.
27 Sep 2024
5:58PM
BSP report: Filipino consumers saving less, borrowing more… and less upbeat for year ahead
This dip in confidence for the year ahead signals consumer caution amid rising concerns over inflation, interest rates, and unemployment. Households expect inflation to average 5.9% over the next year, well above the government’s target range of 2% to 4%.
27 Sep 2024
12:21PM
Philippine real estate price growth slowed in second quarter as market cools
According to the central bank, the Residential Real Estate Price Index increased by 2.7% year-on-year, marking a significant deceleration from the 6.1% annual increase recorded in the first quarter of 2024.
27 Sep 2024
7:45AM
PH bankers worried most about credit, macroeconomic, cyber risks amid growth — BSP survey
Credit risk was the most cited risk, driven by high interest rates and non-performing loans. Operational risks, including cybersecurity threats, were also a key concern, especially for digital banks.
24 Sep 2024
11:31AM
Aboitiz’s UnionBank injects P1.6B into digital bank after BSP cuts lending limit
By: Miguel R. Camus
Aboitiz-led Union Bank of the Philippines approved a P1.6-billion infusion into digital banking unit UnionDigital Bank after the Bangko Sentral ng Pilipnas allowed banks to free up reserves for lending.
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