Top News
PH money market ‘has disappeared’ — BSP chief
The money market in the Philippines where banks and financial institutions go for their short-term funding requirements has practically disappeared, according to the main man at the central bank, Bangko Sentral ng Pilipinas governor Eli Remolona Jr.
BSP tightens rules on large cash transactions
The Bangko Sentral ng Pilipinas (BSP) has issued new regulations requiring that large cash transactions exceeding ₱500,000 (or its foreign currency equivalent) be processed through traceable financial channels, as part of efforts to combat money laundering and enhance financial system integrity.
Strong banks, low inflation support PH credit rating
The Bangko Sentral ng Pilipinas (BSP) on Thursday welcomed a report by the Japan Credit Rating Agency (JCR) affirming the resilience and soundness of the Philippine financial system—an assessment that carries important implications for businesses, households, and the broader economy.
DA orders audit of farm-to-market roads
Agriculture Secretary Francisco Tiu Laurel Jr. has ordered a full audit of all farm-to-market road (FMR) projects from 2021 to 2025, echoing President Marcos’ call for accountability amid flood control project controversies.
Fed cuts rates, signals more reductions ahead
The U.S. Federal Reserve lowered its benchmark interest rate by 25 basis points on Wednesday (Thursday, Manila time), bringing the federal funds target range to 4.00–4.25 percent. The decision comes amid signs of slowing job gains, persistent inflation, and moderating economic growth.
