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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Philippines pitches flagship mines to capture minerals investments

The Philippines is stepping up efforts to attract global mining investors by showcasing its flagship copper and gold projects, positioning the country to capitalize on soaring demand for critical minerals driven by the energy transition and the realignment of global supply chains.

McDonald’s, Megawide expand partnership for early learning programs

As the new school year approaches, McDonald's Philippines, Ronald McDonald House Charities (RMHC) Philippines and Megawide Foundation have renewed their commitment to early childhood education with the reopening of the refurbished Ronald McDonald Bahay Bulilit Learning Center in Barangay Mambog IV, Bacoor City.

Mixed fuel price adjustments expected this week – DOE

The Department of Energy (DOE) announced Monday the various fuel companies may implement varying price adjustments for the week starting June 29, 2026.

RENTAPASADA lowers entry barriers to ride-hailing drivers

As ride-hailing demand continues to expand across the Philippines, the biggest obstacle for many aspiring drivers remains the steep upfront cost of acquiring a vehicle. 

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