Filipino expats’ remittances climb to $3.43b in July
Remittances from Overseas Filipinos (OFs) continued to rise in July 2024, reaching $3.43 billion, a 3.2 per cent…
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Bangko Sentral ng Pilipinas (BSP)
Philippines posts $1.38b net foreign investment inflow in July
The Philippines received a net inflow of $1.38 billion in foreign investments, as reported by the central bank.
Philippines’ bank loans grow by 10.4% in July – report
Philippine universal and commercial banks (U/KB) saw a 10.4 per cent year-on-year growth in their loan portfolios…
Philippines maintains net creditor to IMF – report
The Philippines will continue to lend more to the International Monetary Fund (IMF) than it borrows, reflecting the…
Philippines c. bank cuts interest rate by 25 bps
The Bangko Sentral ng Pilipinas (BSP) decided on Thursday to reduce its key policy rate by 25 basis points to 6.25…
Philippines inflation 4.4% up in July, casting doubt on rate cut
The Philippines' inflation rate unexpectedly climbed to 4.4 per cent in July, the Philippine Statistics Authority…
Philippine c. bank amends FX regulations
The Philippine central bank approved amendments to FX regulations, to facilitate timely reporting by banks for…
Philippines c. bank remains open to rate cuts
BSP Governor Eli Remolona is prepared to cut interest rates in August, despite recent inflation.
IMF praises Philippine economic resilience despite challenges
The International Monetary Fund (IMF) praised on Monday the Philippine economy’s resilience despite global…
Philippine peso weakens as c. bank signals policy shift
The Philippine peso dipped to its lowest level against the US dollar since November 2022, reflecting a shift in the…
