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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NPC, Tawi-Tawi LGU together bring solar power to border islands

The National Power Corp. (NPC) has signed an agreement with the Sitangkai local government in Tawi-Tawi to supply solar power to remote island communities near the Malaysian border.

DA weighs import pause, price cap to protect local rice farmers

The Department of Agriculture (DA) is exploring multiple measures to support local rice growers amid rising imports.

Macroeconomic stability drives PH to upper middle-income  status, BSP says 

The Philippines has officially achieved upper middle-income status, a major economic milestone driven by years of steady growth and strong economic stability.

ACMobility expands mobile EV charging for business fleets 

ACMobility is expanding its mobile electric vehicle (EV) charging service, Power-on-Wheels (POW), as it seeks to remove one of the biggest obstacles to fleet electrification—limited access to charging infrastructure.

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