Banking & Finance

The Department of Finance (DOF) said it expects a sustained recovery in trade and economic activities this year, following the move by Congress to amend the Retail Trade Liberalization Act, Foreign Investment Act and the Public Service Act. The DOF said: “The recently approved amendments to the Retail Trade Liberalization Act, along with other economic liberalization initiatives such as the …

Bangko Sentral ng Pilipinas (BSP) Governor and Financial Inclusion Steering Committee (FISC) Chairman Benjamin E. Diokno (top, right) leads the ceremonial donning of the financial inclusion pin during the launch of the National Strategy for Financial Inclusion (NSFI) 2022-2028. The NSFI 2022-2028 builds on the success of the first NSFI launched in 2015 and renews the vision of financial inclusion …

On 18 February 2022, the BSP will begin publishing its Monetary Policy Report (MPR). The MPR, which will replace the quarterly publication of the Inflation Report, will be published four (4) times a year to correspond with the availability of major economic data releases such as the quarterly national income accounts. The MPR will serve as the flagship BSP publication …

Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno made a strong case for the country as an attractive investment destination to Japanese investors by highlighting solid economic fundamentals and sustained recovery. The Philippine economy grew by a better than expected 5.6 percent in 2021, exceeding the government’s 5 to 5.5 percent target range. The strong growth is expected to …

The Bangko Sentral ng Pilipinas (BSP) and the Commission on Elections (COMELEC) signed an Escrow Agreement for the safekeeping of the Automated Election Systems (AES) source code for the National and Local Elections in May 2022. Under Republic Act No. 9369 or “The Election Automation Law,” the COMELEC is mandated to deposit the AES source codes with the BSP for …

The 2021 Asset Benchmark Research Awards once again recognized Metrobank as thePhilippines’ leading fixed income house in its Asian Local Currency Bonds category. Metrobank was ranked first among the “Top sell-side firms in the Secondary Market,” both inCorporate and Government bonds. In the “Top Arranger – Investor’s Choice for Primary Issues”category, they ranked first and third for Government and Corporate …

The Bangko Sentral ng Pilipinas (BSP) encouraged foreign investors to take advantage of investment opportunities in the country’s rapid digital transformation and serve as partners in growth and nation-building

The Monetary Board (MB) has approved the imposition of ceilings on interest rates, penalties, and other fees and charges on small-value, short-term, general purpose, and unsecured loans extended by Lending Companies (LCs), Financing Companies (FCs), and their Online Lending Platforms (OLPs).

The Bangko Sentral ng Pilipinas (BSP) issued the Environmental and Social Risk Management (ESRM) Framework in line with its commitment to champion the sustainability agenda in the financial system.

The Bangko Sentral ng Pilipinas (BSP) will issue starting second quarter of 2022 polymer banknotes which are more cost-efficient, durable and hygienic than the paper-based bills.