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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TPB urges MICE industry to turn opportunities into gains

The Tourism Promotions Board (TPB) Philippines is urging the local meetings, incentives, conferences, and exhibitions (MICE) industry to turn growing opportunities for business events into actual bookings and broader economic gains as competition across the region intensifies.

Toyota, Lexus extend ASEAN 2026 mobility partnership

Toyota Motor Philippines Corp. (TMP) is using the Philippines’ hosting of the 49th ASEAN Summit to showcase Lexus hybrid vehicles while extending a mobility partnership that puts its, premium brand at the center of official transport for visiting leaders.

ACPC speeds zero-interest loans for flood affected farmers and fishers

The Agricultural Credit Policy Council (ACPC) is simplifying access to emergency financing for farmers and fisherfolk hit by recent flooding, offering zero-interest, collateral-free loans that could be credited on the day of approval.

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.

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