Bangko Sentral ng Pilipinas

Technology

Digital Payments continue to rise in the Philippines, BSP achieved its target of 20% of digital payments in 2020

The latest report of the Bangko Sentral ng Pilipinas (BSP) confirms that the BSP achieved its target of reaching 20% of digital payments volume by 2020. The report reveals that…

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Technology

Digital Banking is a Game-Changer says Bangko Sentral ng Pilipinas

The Bangko Sentral ng Pilipinas (BSP) said the emergence of digital banks can be a game-changer on the delivery of financial products and services from traditional brick-and-mortar banks. During a…

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Technology

Bangko Sentral ng PIlipinas, payments industry rollout initiatives to boost payments digitalization

The Bangko Sentral ng PIlipinas (BSP) and the payment systems industry are set to rollout an array of initiatives that are expected to further advance payments digitalization and financial inclusion…

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The Economy

Consumer confidence improves in Q3 and for Q4 2021, but is less optimistic for the next 12 Months

Consumer sentiment improves in Q3 2021 and for Q4 2021, but is less optimistic for the next 12 months Based on the Q3 2021 survey results, consumer sentiment in the…

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The Economy

Bangko Sentral ng Pilipinas helps 70-year-old ice delivery man recover nearly P50K-worth of termite-mutilated savings

Faithful to the commitment of bringing itself closer to the people, the Bangko Sentral ng Pilipinas (BSP) recently facilitated the replacement of nearly fifty thousand pesos-worth of hard-earned yet termite-mutilated…

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The Economy

Bangko Sentral ng Pilipinas Cites Q2 2021 Philippine GDP Growth

The Bangko Sentral ng Pilipinas (BSP) notes the 11.8 percent growth of the country’s Gross Domestic Product (GDP) in the second quarter of 2021. This is the highest year-on-year growth…

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The Economy

Triple ‘A’ rating from Chinese debt watcher supports efforts to diversify funding sources for the Philippines

China Lianhe Credit Rating Co. Ltd. has affirmed the “AAA” long-term issuer rating of the Philippines, bestowing the highest level of confidence in the country’s ability to service financial obligations…

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The Economy

Moody’s Investors Service upbeat about Philippines’ recovery prospects; sees economy growing faster than most countries

Moody’s Investors Service is upbeat about the Philippines’ recovery prospects from the COVID-19 crisis, expecting the economy to outperform most of the sovereigns it rates in terms of average growth…

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Thousands of Filipino students join BSP’s First Youth Summit on Digitalization and Financial Inclusion

Amid physical distancing measures that make digital transactions more appealing especially for the tech-savvy youth, close to 32,0001 participants, mostly from the youth sector, have viewed the livestream of the…

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The Economy

Personal Remittances rise by 6.6% YoY to US$13.7 Billion in January – May 2021

Personal remittances from overseas Filipinos (OFs) increased by 13.3 percent to US$2.652 billion in May 2021 from US$2.341 billion in May 2020. This brought the cumulative remittances to US$13.68 billion…

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The Economy

Philippines keeps ‘BBB’ rating with Fitch

The Philippines has continued to maintain its investment-grade credit ratings despite the global COVID-19 crisis that has led to a wave of rating downgrades across the globe. International debt watcher…

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The Economy

Consumer confidence improves for Q2 and Q3 2021 and the next 12 months

The country’s consumer sentiment continued to improve in Q2 2021 as the overall confidence index (CI) increased to -30.9 percent from -34.7 percent in Q1 2021. The improved CI, albeit…

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Real Estate

Cost of condo units declined in second half of 2020

As a result of the pandemic, the cost of condominiums contracted in the second half of 2020 In a virtual briefing held last Thursday, June 3, Bangko Sentral ng Pilipinas…

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Arts & Culture

BSP releases ‘Yaman’ Numismatic Book

The Bangko Sentral ng Pilipinas (BSP) has unveiled its latest publication on cultural heritage titled, “Yaman: History and Heritage in Philippine Money.” The coffee table book highlights the numismatic collection…

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Philippine Financial System Weathers the Health Crisis in 2020

The Bangko Sentral ng Pilipinas (BSP) released the Report on the Philippine Financial System for the Second Semester of 2020. The enhanced Report highlighted the narrative of the Philippine financial…

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Technology

Digital payments on a steady rise in the Philippines, boosted primarily by greater acceptance and use of retail payments

A new report by the Bangko Sentral ng Pilipinas (BSP) and Better Than Cash Alliance (Alliance) affirms the steady increase in the share of monthly digital payments made in the…

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The Economy

Overseas Filipino personal remittances rises by 5.3%—mainly from the USA and Singapore

Personal remittances from overseas Filipinos amounted to US$2.761 billion in February 2021, higher by 5.3% than the recorded figure in February 2020 of US$2.623 billion. The increase in personal remittances…

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Life

BSP warns public to beware of fraudulent investment schemes

The Bangko Sentral ng Pilipinas (BSP) warns the public against individuals or groups presenting fake documents which they claim to be under the custody of the BSP and/or other government…

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The Economy

Business confidence more upbeat for the first half of 2021 and the next 12 months

Sentiment of business owners improved for the second consecutive quarter. The overall confidence index (CI) for Q1 and Q2 both posted increases from previous quarter survey results, indicating greater optimism…

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Bangko Sentral ng Pilipinas fosters digitalization under its Digital Payments Transformation Roadmap for 2020-2023

The Bangko Sentral ng Pilipinas (BSP) continues to foster digitalization under its Digital Payments Transformation Roadmap for 2020-2023. In a speech delivered during Fintech Alliance PH’s General Membership Meeting yesterday,…

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Digital Payments continue to rise in the Philippines, BSP achieved its target of 20% of digital payments in 2020

Digital Banking is a Game-Changer says Bangko Sentral ng Pilipinas

Bangko Sentral ng PIlipinas, payments industry rollout initiatives to boost payments digitalization

Consumer confidence improves in Q3 and for Q4 2021, but is less optimistic for the next 12 Months

Bangko Sentral ng Pilipinas helps 70-year-old ice delivery man recover nearly P50K-worth of termite-mutilated savings

Bangko Sentral ng Pilipinas Cites Q2 2021 Philippine GDP Growth

Triple ‘A’ rating from Chinese debt watcher supports efforts to diversify funding sources for the Philippines

Moody’s Investors Service upbeat about Philippines’ recovery prospects; sees economy growing faster than most countries

Thousands of Filipino students join BSP’s First Youth Summit on Digitalization and Financial Inclusion

Personal Remittances rise by 6.6% YoY to US$13.7 Billion in January – May 2021

Philippines keeps ‘BBB’ rating with Fitch

Consumer confidence improves for Q2 and Q3 2021 and the next 12 months

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Cost of condo units declined in second half of 2020

BSP releases ‘Yaman’ Numismatic Book

Philippine Financial System Weathers the Health Crisis in 2020

Digital payments on a steady rise in the Philippines, boosted primarily by greater acceptance and use of retail payments

Overseas Filipino personal remittances rises by 5.3%—mainly from the USA and Singapore

BSP warns public to beware of fraudulent investment schemes

Business confidence more upbeat for the first half of 2021 and the next 12 months

Bangko Sentral ng Pilipinas fosters digitalization under its Digital Payments Transformation Roadmap for 2020-2023

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