Banking & Insurance
March 2025 foreign currency reserves decline
The Philippines' gross international reserves (GIR) stood at USD106.2 billion as at end-March this year, a slight decrease from the February 2025 level of USD107.4 billion, according to preliminary data from the Bangko Sentral ng Pilipinas (BSP).
Mixed results at T-bill auction amid rate cut expectations
Average rates on Treasury bills were mixed in Monday's auction, with six-month and 12-month debt papers seeing a softening of yields due to expectations of further rate cuts by the Bangko Sentral ng Pilipinas (BSP). However, uncertainty continued to push yields on three-month bills higher.
Maya in retail network payments pact with Pepsi-Cola PH
Maya, the leading digital bank and payments processor in the Philippines, has partnered with Pepsi-Cola Products Philippines, Inc. (PCPPI) to introduce a transformative digital payment and financing initiative for PCPPI’s expansive network of over 200,000 distributors and retailers, including local sari-sari stores.
BSP projects moderate March inflation, highlighting economic stability
The Bangko Sentral ng Pilipinas (BSP) has forecast March 2025 inflation to range between 1.7 percent and 2.5 percent, signaling a balanced outlook despite pressures from certain key commodities.
T-bill rates rise ahead of inflation data, BSP policy meeting
Average rates on Treasury bills (T-bills) increased during Monday's auction, ahead of the March inflation data release and the upcoming Bangko Sentral ng Pilipinas (BSP) monetary policy meeting.
