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    Tag: BSP

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    February GIR rise boosts external liquidity buffer, strengthening reserve management

    The Bangko Sentral ng Pilipinas (BSP) on Friday reported a significant increase in the country’s gross international reserves (GIR) for February 2025, reflecting robust external liquidity and enhanced financial stability. Preliminary data shows that the GIR, an indicator of capacity to pay for external obligations, grew to USD106.7 billion by the end of February 2025, up from USD103.3 billion in January 2025, marking a notable month-on-month increase of USD3.4 billion.

    Strong loan growth, rising liquidity highlight economic stability – BSP

    The Bangko Sentral ng Pilipinas (BSP) on Friday reported that the outstanding loans of universal and commercial banks (U/KBs) increased by 12.8 percent year-on-year in January, up from 12.2 percent in December 2024. On a seasonally adjusted month-on-month basis, these loans grew by 1.4 percent. The growth in loans signals robust credit activity, contributing to economic stability amid ongoing financial conditions.

    T-bill yields mixed at auction

    Treasury bill yields were mixed at Monday’s auction, with shorter-dated debt papers softening following the Bangko Sentral ng Pilipinas' decision to reduce banks’ reserve requirement ratio, effective later this month.

    BSP pushes open finance framework

    The Bangko Sentral ng Pilipinas invites interested BSP-supervised financial institutions (BSFIs) and third-party providers to participate in a standards consultation for the Philippine Open Finance Pilot (“PH Open Finance Pilot”) to inform the development of open finance technical and operational standards and arrangements.
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    BSP forecasts inflation settling within 7.5-8.3% in January

    The Bangko Sentral ng Pilipinas (BSP) sees inflation remaining elevated between 7.5 and 8.3 percent this month, well above the two to four percent target, after hitting a 14-year high of 8.1 percent in December.

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    Belle Mariano champions BDO Pay as card-linked payment solution for modern lifestyles

    Actress and singer Belle Mariano puts a spotlight on the ease and convenience of BDO Pay, the branded payment app powered by BDO, as she shares how it seamlessly fits into her busy, on-the-go lifestyle—even during downtime with family.

    US jobs growth slows sharply amid tariff uncertainty

    The US economy added significantly fewer jobs than expected in July, highlighting growing business uncertainty amid President Donald Trump's sweeping review of bilateral trade tariffs—an initiative that has triggered retaliatory measures even from longtime American allies.

    PBB increases 1H net profit on double-digit interest income growth

    Philippine Business Bank, a local savings bank, reported strong performance in the first half of 2025, with interest income and interest margin improving.

    DA eyes distribution of seized mackerel for flood victims

    Agriculture Secretary Francisco P. Tiu Laurel Jr. proposes the distribution of 210 metric tons of smuggled frozen mackerel recently seized at the ports of Manila and Subic once approved by President Ferdinand Marcos Jr.

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