Top News
Fed chair Powell hints at September rate cut
Federal Reserve Chair Jerome Powell signaled Friday that the U.S. central bank may cut interest rates at its next policy meeting in September, citing growing risks to the labor market and ongoing inflation pressures.
BSP launches credit scoring system for SMEs
The Bangko Sentral ng Pilipinas (BSP), in collaboration with the Japan International Cooperation Agency (JICA), has launched the Credit Risk Database Philippines Web-based Scoring System (CRDPh System)—a major step toward improving access to finance for small and medium enterprises (SMEs).
Manila retains “A-” credit rating; signals macroeconomic resilience
The Japanese credit agency Rating and Investment Information, Inc. (R&I) has reaffirmed the Philippines' investment-grade rating of “A-” with a stable outlook, highlighting the country’s strong macroeconomic fundamentals, according to a statement released by the Bangko Sentral ng Pilipinas (BSP).
BOP swings to $167M deficit in July; BSP flags macroeconomic risks
The Philippines posted a balance of payments (BOP) deficit of US$167 million in July 2025, reversing the US$62 million surplus recorded in the same month last year, the Bangko Sentral ng Pilipinas (BSP) reported.
PH delisted from EU high-risk list
The Bangko Sentral ng Pilipinas (BSP) on Tuesday vowed to sustain financial reforms and global standards compliance programs down the line following the country's removal from the European Union’s list of high-risk third countries on June 10, 2025 — the third such delisting this year.
