Tag: BSP

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Moody’s affirms Philippine rating despite growth slowdown

Moody’s Ratings affirmed the Philippines’ Baa2 sovereign credit rating on Monday, citing expectations that the government’s fiscal position will stabilize over the next two years despite a sharp slowdown in economic growth.

Treasury bill yields rise ahead of BSP meeting

Treasury bill yields were mostly higher at Monday’s auction as investors appeared to price in the possibility of tighter monetary policy ahead of the Bangko Sentral ng Pilipinas’ interest rate-setting meeting later this week.

Philippine reserves ease to USD103.3B in July

The Philippines’ gross international reserves (GIR) fell to USD103.3 billion at the end of July from USD104.7 billion a month earlier, while the country posted a USD1.5-billion balance of payments (BOP) deficit, reflecting continued pressure from external transactions.

Digital payments hit target as Filipinos shift from cash

Digital payments accounted for nearly two-thirds of retail transactions in the Philippines last year, putting the country within its national target range and underscoring how quickly electronic payments are replacing cash in everyday commerce.

RCBC joins BSP-backed Direct Debit PH payment system

Rizal Commercial Banking Corp. (RCBC) is among the first banks to join Direct Debit PH, a new automated recurring payment facility championed by the Bangko Sentral ng Pilipinas (BSP) to modernize the country’s payments system and accelerate the shift toward a cash-lite economy.

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Foreign currency reserves hold firm at $104.8 billion in August

The country’s foreign currency reserves stood strong at $104.8 billion as of the end of August 2026, driven by higher global gold prices and earnings from foreign investments, according to preliminary data from the Bangko Sentral ng Pilipinas. Although government withdrawals to pay off foreign debt offset some gains, the overall buffer remains well above global safety standards.

Fuel prices set to rise sharply; over P5 per liter for diesel and kerosene, P4+ for gasoline

The Department of Energy (DOE) confirmed major across-the-board fuel price hikes taking effect this week, reversing last week’s slight rollback.

Pork prices fall on ASF fears; vaccines, support seen stabilizing industry

Pork farmgate prices have dropped sharply as domestic hog raisers rush sales ahead of the rainy season to avoid African swine fever (ASF) losses, the Department of Agriculture (DA) reported Monday. Higher output from last year’s price surge, not imports, drives the shift—production rose 5.6npercent in Q2 while farmgate prices fell nearly 19 percent year-on-year.

Palace says revenues can cover debt as ProGRESS advances

The Philippine government has enough revenues to service its debt even without the proposed ProGRESS tax package, Malacañang said Monday, as the Marcos administration pushes reforms to strengthen fiscal capacity and provide targeted tax relief.

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