Tag: BSP

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GCash ditch SMS codes in major anti-fraud push

GCash will complete its transition from SMS-based one-time passwords (OTPs) to in-app authentication by June 22, marking a major cybersecurity upgrade aimed at protecting millions of users from phishing attacks and online fraud.

Transport costs cool, but core inflation firms in May

Philippine headline inflation eased to 6.8 percent in May from 7.2 percent in April, coming in below the Bangko Sentral ng Pilipinas’ (BSP) projected range of 7.1 percent to 7.9 percent as transport costs and food price increases moderated, according to data released Friday by the Philippine Statistics Authority (PSA).

Strong demand steadies T-bill yields amid inflation worries

Treasury bill yields were mixed at Monday’s auction as robust investor demand helped temper the impact of mounting inflation concerns on short-term government debt.

Philippines keeps strong dollar buffer despite risks

The Philippines maintained a strong external financial buffer as gross international reserves (GIR) settled at USD104.1 billion as of end-April 2026, giving the country ample protection against global market volatility, rising import costs and external debt pressures.

T-bill yields rise as inflation pressure builds

Average rates on Treasury bills climbed at Monday’s auction as investors demanded higher returns, adjusting to expectations of further monetary tightening by the Bangko Sentral ng Pilipinas amid rising inflation pressures.

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PH courts Chongqing investors for manufacturing, green tech push

The Philippines is stepping up efforts to attract investors...

SSS Pension Booster gains traction as retirement safety net

The Social Security System’s (SSS) Pension Booster Program is gaining momentum as a viable retirement savings option for Filipino workers, delivering steady returns despite ongoing economic volatility and shifting interest rate conditions.

DMCI sets 2027 launch for Batangas beach resort

DMCI Homes is targeting a February 2027 opening for Solmera Beach Park Resort in San Juan, Batangas, as it expands into large-scale leisure and events-driven tourism developments outside Metro Manila.

FWD rolls out FutureSure amid financial uncertainty

FWD Philippines has launched a new savings and protection product aimed at helping Filipinos secure long-term financial goals amid rising living costs and market volatility.

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