Tag: Bangko Sentral ng Pilipinas

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MB approved $2 billion public sector foreign borrowing in Q4 2022

For the period October to December 2022, the Monetary Board (MB) of the Bangko Sentral ng Pilipinas (BSP) approved one public sector foreign borrowing of $2 billion, which is lower by 32.95 percent compared to the $2.98 billion borrowings approved in the same period in 2021. 

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

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

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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DA backs calamity declaration to mobilize El Niño response 

Agriculture Secretary Francisco P. Tiu Laurel Jr. has backed a proposal to declare a state of calamity to mobilize government resources against the worsening effects of El Niño, saying authorities must act quickly as forecasts point to a potentially severe climate event.

Prime Midstream sees sustained gas demand as power needs rise

Prime Midstream expects demand for natural gas to remain strong as the Philippines faces growing electricity needs, volatile fuel prices and the challenge of balancing renewable energy growth with reliable power supply.

Japanese diplomat reaffirms bilateral ties at 82nd Leyte Gulf landings commemoration

Japanese Embassy Deputy Chief of Mission Ono Sho attended the 82nd Anniversary of the Leyte Gulf Landings recently at the MacArthur Landing Memorial National Park, framing his presence as a gesture of friendship spanning the political, defense, economic, and diplomatic spheres.

San Miguel earns USDA recognition for $370 million in imports

San Miguel Corp. (SMC) has received recognition from the US Department of Agriculture (USDA) for importing nearly USD370 million worth of American agricultural products in 2026, highlighting the Philippines’ importance as a market for US farm exports.

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