Sunday, 24 August 2025, 11:47 pm

    Tag: BSP

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    Foreign currency reserves hit US$106.7 Billion in February

    The country's gross international reserves (GIR), an indicator of capacity to pay for trade and maturing debt, saw a significant rise in February, reaching USD106.7 billion, up from USD103.3 billion in January, according to the latest data from the Bangko Sentral ng Pilipinas (BSP).

    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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    CamSur cold storage facility on track for completion by year-end

    The Department of Agriculture (DA) announced that the P500-million cold storage facility in Camarines Sur is on schedule for completion by December 2025.

    Fuel price hikes set this week

    Motorists and businesses should brace for another round of fuel price increases this Tuesday, with Jetti Petroleum Inc. projecting hikes of P0.60 to P0.80 per liter for gasoline and P0.30 to P0.50 per liter for diesel. Kerosene is also expected to rise by around P0.10 per liter, according to the Department of Energy (DOE).

    Marcos Jr. gov’t urged to greenlight national logistics backbone project within term

    The consortium behind the proposed breakthrough national logistics integrated backbone project has reaffirmed its commitment to complete the infrastructure program within the remaining years of President Ferdinand R. Marcos Jr.'s administration — provided swift government action is taken.

    Globe, Google complete successful trial of wireless optical tech

    Globe Telecom Inc., together with its subsidiary Fiber Infrastructure and Network Services Inc. (FINSI), has successfully completed a landmark field trial of Google's TAARA Free Space Optics (FSO) technology, achieving a 10Gbps wireless optical connection over 11 kilometers.

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