Tag: BSP

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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.

BSP sees elevated inflation shaping 2027 budget

The Bangko Sentral ng Pilipinas expects inflation to remain elevated in 2027, with the government adopting a 4 percent to 5 percent inflation assumption in crafting the proposed national budget amid continued global and domestic price risks.

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PAGCOR strengthens player safeguards as gaming grows 

The Philippine Amusement and Gaming Corp. (PAGCOR) is strengthening player protection measures, including a 24/7 problem gambling helpline, as gaming becomes an increasingly important part of the country’s leisure and tourism industry.

Meralco’s anti-pilferage campaign gains support from scrap industry association

Manuel V. Pangilinan-led Manila Electric Company (Meralco) has gained support from the Scrap Collectors and Recyclers Association of the Philippines, Inc. (SCRAP) for its anti- pilferage campaign, as the industry group expressed intent to help prevent stolen utility materials from entering the scrap market.

LG highlights AI, energy efficiency and space design in new appliances at IFA 2026

As European consumers prioritize space-saving, energy-efficient and easy-to-use home products amid changing lifestyles, LG Electronics is showcasing seven advanced appliances at IFA 2026. The lineup demonstrates how AI, smart energy use and space-conscious design address key purchasing needs for modern, often limited living areas.

Maya earns multiple HR Excellence Awards for third straight year

Maya, the country’s leading digital financial services platform, has been recognized at the 2026 HR Excellence Awards Philippines for the third consecutive year, securing a Silver Award for Excellence in Performance Management Evolution and a Bronze Award for Excellence in HR Technology Use. Competing among 64 firms at the Grand Hyatt Manila ceremony, Maya also reached finalist status in five additional categories: Employee Engagement, Employer Branding, Leadership Development, Talent Acquisition, and Talent Management.

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