Tag: Bangko Sentral ng Pilipinas

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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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Philippines puts World Bank fiscal reforms to test

The Philippine government is moving to translate the World Bank’s Public Finance Review into concrete fiscal reforms, with economic officials stressing that better tax collection and spending will matter only if recommendations result in measurable improvements for citizens.

AI adoption outpaces readiness in Philippine schools

Artificial intelligence is gaining ground in Philippine classrooms, but schools are struggling to keep institutional strategies and teacher training aligned with adoption, pointing to a readiness gap as higher education expands AI-enabled learning.

Unilever cuts operational emissions 77%, expands supplier efforts

Unilever Philippines has cut its operational greenhouse gas emissions by 77 percent from 2015 levels as of end-2025, while expanding decarbonization efforts across its supply chain as the consumer goods company works toward its net-zero targets.

Government to fund NCR wage hike for small firms

The government will subsidize the P60 daily wage increase for eligible small businesses in Metro Manila for three months, as authorities seek to help employers manage higher labor costs while protecting jobs and business operations.

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