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BSP implements penalties for peso RTGS offenses to strengthen payment system compliance
The Bangko Sentral ng Pilipinas (BSP) has outlined new penalties for violations of the peso real-time gross settlement (RTGS) payment system, aiming to ensure consistent and efficient enforcement among participants.
PH foreign debt surges to still manageable $139.64B
The country's external debt in the quarter ended September totaled USD139.64 billion, a 7.3 percent increase from the previous quarter.
Fourth-quarter consumer, business confidence indices on the rise
The Philippine economy enters the final quarter of 2024 with both consumers and businesses showing renewed confidence, according to the Bangko Sentral ng Pilipinas (BSP).
BSP eases monetary policy as expected, forecasts 3.4% inflation for 2025 amid global stabilization
The Bangko Sentral ng Pilipinas (BSP) on Thursday took a decisive step in its monetary policy, cutting its key interest rate by 25 basis points to 5.75 percent, signaling a shift toward a more accommodative stance to support the economy.
11-month BOP reverts into surplus of $2.1 B
The country's balance of payments (BOP) position posted a surplus of USD2.1 billion in the first 11 months of 2024, a turnaround from last year when this stood as a deficit of USD2.3 billion, latest data from the Bangko Sentral ng Pilipinas (BSP) show.
