Tag: Bangko Sentral ng Pilipinas

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BOP surplus in December pared the full-year 2022 shortfall to only $7.3B

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The balance of payments (BOP), essentially what is left after deducting the country’s foreign currency expenses against earnings, stood as a surplus of $612 million in December 2022, the Bangko Sentral ng Pilipinas (BSP) said on Thursday.

BSP offering Tagbilaran City with digital currency and sweep it clean of torn, tattered peso bills

Banking & Insurance Context.ph Context.ph -
The Bangko Sentral ng Pilipinas (BSP) Visayas Regional Office (VRO) offered currency exchange services in Tagbilaran City to encourage the public to replace their unfit banknotes...

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Gov’t taps P4.08B savings for auto incentives

Transport & Logistics 0
The government will tap P4.081 billion in savings from the Department of Public Works and Highways’ 2025 budget to settle overdue automotive manufacturing incentives, including about P1.5 billion owed to Toyota Motor Philippines Corp. under the Comprehensive Automotive Resurgence Strategy.

US reviews Philippine labor safeguards amid tariff talks

Trade & Investments 0
The US is reviewing new Philippine safeguards against forced-labor imports as negotiations continue over Washington’s 12.5-percent tariff, while the Department of Trade and Industry said only about 30 percent of Philippine exports to the US are covered by the levy.

DHSUD puts homeowners’ bylaw deadline on hold

Property 0
The Department of Human Settlements and Urban Development has indefinitely suspended the deadline for homeowners’ associations to amend their bylaws, giving organizations more time as the government reviews rules governing the sector.

Green GSM takes Philippine ride-hailing upscale

Transport & Logistics 0
Green GSM is pushing deeper into the Philippine ride-hailing market with an electric premium taxi service, seeking to carve out a higher-value niche as competition shifts from fares toward comfort, capacity, and service.

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