Tag: BSP

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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.

Metrobank adds new safeguards as digital scams evolve

Metropolitan Bank & Trust Co. is strengthening its digital banking defenses with new security features designed to give customers greater control over their money as fraudsters become more adept at exploiting stolen credentials and human error.

Treasury bill yields slip; 91-day paper below 5%

Treasury bill yields continued to ease at Monday’s auction, with the rate on the benchmark 91-day paper slipping below 5 percent as cooling inflation strengthened expectations for a more accommodative monetary policy.

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Meralco restores power as Habagat floods disrupt service

Crews of Manila Electric Co., or Meralco, are working round-the-clock to restore electricity in areas hit by heavy rains and flooding from the enhanced southwest monsoon, with around 49,000 customers still experiencing service interruptions as of 4 p.m. Sunday.

Central bank warning drives DA to review food policies to protect consumers from price spikes

The Department of Agriculture is sharpening its strategy against the potential return of the El Niño weather phenomenon, responding directly to alerts from central bank officials that future droughts could trigger a new wave of inflation. Monetary authorities have emphasized that farm output and market prices are deeply linked, making agriculture policy a primary front in the country’s fight against rising living costs. For everyday consumers, any drop in farm production quickly turns into higher prices for kitchen staples, directly impacting household budgets.

Fuel prices set to drop, ending two-week streak of hikes 

Motorists can expect relief at the pumps this week as fuel prices are projected to fall on Tuesday, bringing an end to two consecutive weeks of increases.

SEC opens second comment period to refine public offering reforms 

The Securities and Exchange Commission (SEC) has launched a second round of public consultations on its draft memorandum circular overhauling the country’s public offering regulatory framework, aiming to boost efficiency, broaden market access, and streamline rules for debt securities.

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