Tag: BSP

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Earnings season tests market amid rate concerns

Philippine shares are expected to trade cautiously in the coming weeks as the second-quarter earnings season begins, shifting investors' focus from recent market gains to whether corporate profits can withstand persistent inflation, the prospect of further monetary tightening, and rising geopolitical risks.

GIR stays strong despite H1 decline

The Bangko Sentral ng Pilipinas (BSP) said the country's gross international reserves (GIR) remained robust at USD104.8 billion as of end-June 2026, providing a solid financial buffer despite easing from USD110.8 billion at the close of 2025. The central bank said the reserve level remains more than sufficient to support the economy against external shocks while ensuring the country's ability to meet import requirements and service foreign debt obligations.

June inflation slows to 6.4%; rate hike risks linger

Inflation eased for a second straight month in June, offering consumers and businesses some relief from elevated prices, but a pickup in underlying price pressures could keep the Bangko Sentral ng Pilipinas (BSP) on course for another interest rate increase.

BSP rate hike pushes T-bill yields higher

Government securities yields mostly climbed at Monday’s auction as investors priced in the Bangko Sentral ng Pilipinas’ (BSP) surprise 25-basis-point rate increase, although strong demand continued to underscore ample market liquidity.

Financial know-how fuels Filipinos’ independence journey

Financial independence has long been a personal aspiration for many Filipinos, but experts say achieving it requires more than earning a higher income. The path often begins with building financial security through greater access to financial services and a stronger understanding of money management.

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YGC unit taps Lopez Group for Batangas-Laguna exploration project

Maibarara Geothermal Inc. (MGI) has signed a deal with Lopez Group affiliate ThermaPrime Drilling Corp. to carry out exploratory drilling across Batangas and Laguna from 2026 to 2027. Led by the Yuchengco group, MGI said the work will check untapped areas for possible new geothermal power facilities. The project will involve up to four wells drilled to depths of up to 3,000 meters, with operations set to begin in October this year and finish by May 2027. MGI currently runs a 32-megawatt geothermal plant in Batangas.

Aboitiz Power profit leaps 41% on higher energy prices, new clean energy assets

Aboitiz Power Corporation reported a 41 percent increase in core net income for the first six months of 2026, reaching P18 billion compared to P12.8 billion recorded in the same period last year. The company shared these figures in a disclosure filed with the Philippine Stock Exchange on Wednesday.

Meralco first half net income rises 3.8% to P26.5 billion even as energy sales edge lower

The Manila Electric Company, or Meralco, reported a 3.8 percent increase in its consolidated core net income for the first six months of 2026, reaching P26.5 billion from the P25.5 billion recorded in the same period last year. The company shared these figures at a briefing held on Wednesday, noting the growth came even as overall energy sales saw a slight decline.

DOE targets electricity theft to cut power bills as Meralco warns of massive losses

The Department of Energy is eyeing immediate measures to curb electricity pilferage as part of the government’s push to remove system loss charges from consumer bills, though major industry players warn the plan could carry a massive price tag.

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