Banking & Insurance
BSP Islamic banking team receives Presidential Lingkod Bayan Award
The Islamic banking and finance (IBF) core team of the Bangko Sentral ng Pilipinas was named regional winner of the Presidential Lingkod Bayan Group Award for their work in developing Islamic finance in the country. The group's efforts have boosted stakeholder engagement and inter-agency cooperation, implemented key regulations and built capacities to support the Islamic Banking Law.
Debt payments, diminished gold value push GIR lower in September
The country's gross international reserves (GIR), an indicator of capacity to pay maturing foreign debt and trade obligations, stood lower in September to $98.7 billion from $99.6 billion, the Bangko Sentral ng Pilipinas (BSP said on Friday.
Persistent price pressures may compel BSP to revisit policy stance
The Bangko Sentral ng Pilipinas (BSP) on Thursday hinted broadly of a change in monetary policy stance as headline inflation trekked north of 5.3 percent in August to 6.1 percent in September, eluding generous forecasts of moderating price pressures.
IMF commends Manila’s post-pandemic economic performance
The International Monetary Fund (IMF) has commended the Philippines for its handling of the economy following the conclusion of the latest round of annual visits known as Article IV consultations.
Bank lending still growing but at slower pace in August
Bank lending continued to expand in August but at a slower rate of 7.2 percent, significantly less than lending growth averaging 7.7 percent in July, the Bangko Sentral ng Pilipinas (BSP) said on Wednesday, citing preliminary data.
