Tag: BSP

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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.

Oil relief meets rate-hike jitters at T-bill auction

Treasury bill yields ended mixed on Monday as investors weighed the impact of fresh government debt supply against easing inflation concerns following a breakthrough peace agreement in the Middle East that triggered a sharp decline in global oil prices.

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PAL modernizing fleet with major Boeing Dreamliner order

The Philippine Airlines is set to significantly upgrade its long-haul operations after announcing the acquisition of 15 fuel-efficient Boeing 787-10 Dreamliner jets, with an option to purchase five more.

P96.7-M ice plant at Bulan fish port set to boost Bicol fisheries

The Department of Agriculture (DA) has announced the construction of a P96.7 million ice plant at the Bulan Fish Port Complex in Sorsogon, designed to lift production and incomes across the Bicol Region’s fisheries sector. Unveiled in a statement on Monday, the facility can produce 60 metric tons of ice daily and store up to 120 metric tons, aimed at keeping catch fresh, cutting post-harvest waste, and strengthening the entire fisheries value chain.

ERC greenlights P1.38 billion transmission facilities for Laguna Lake floating solar project

Renergy firm NKS Solar One Inc. has received official approval from the Energy Regulatory Commission (ERC) to develop and own dedicated transmission infrastructure worth P1.38 billion, which will connect its 250-megawatt floating solar power project on Laguna Lake to the main Luzon power grid.

Senate orders submission of VP Duterte’s bank records

The Senate, sitting as an impeachment court, on Monday ordered banks to produce the peso account records of Vice President Sara Duterte and her husband, Manases Reyes Carpio, from 2007 to 2021, as House prosecutors seek to use these documents to prove whether she amassed alleged ill-gotten wealth. The court also subpoenaed the financial records of 19 corporations and one partnership linked to the couple, along with relevant documents from the Anti-Money Laundering Council, all to be submitted by July 30. It likewise allowed the production of the couple's income tax returns for the same period to establish their financial baseline, a key issue in one of the Articles of Impeachment. The ruling, issued by presiding officer Senator Francis Escudero, appeared to stem from an earlier caucus. But no vote tally was disclosed, and it remained unclear whether the senator-judges formally voted on the subpoenas.

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