Tag: Bangko Sentral ng Pilipinas

Escudero: Diokno at helm of BSP will “ensure stability, continuity” of PHL fiscal gains

(Eagle News) — Senator Francis Escudero on Tuesday, March 5, lauded President Rodrigo Duterte’s appointment of Benjamin Diokno at the helm of the Bangko Sentral ng Pilipinas. “This will certainly ensure the stability and continuity of the country’s fiscal policies gains,” Escudero, who is the chair of the Senate Committee on Banks and Financial Intermediaries, said. According to Escudero, Diokno’s appointment to the post was a “promotion given that he will now be responsible for […]

Palace confident BSP governor Diokno will hurdle Commission on Appointments

(Eagle News) — The Palace on Tuesday, March 5, expressed confidence the Commission on Appointments would approve Benjamin Diokno’s appointment as the new Bangko Sentral ng Pilipinas governor. According to Presidential Spokesperson Salvador Panelo, Diokno was, after all, “a good man,” an “experienced man,” an “expert man” and a “man of integrity.” He said these were the reasons President Rodrigo Duterte appointed Diokno at the helm of the BSP in the first place. Earlier, then-House […]

DBM confident PHL economy “in good hands” with Diokno at helm of Central Bank, Monetary Board

(Eagle News) — The Department of Budget and Management on Tuesday, March 5, expressed confidence the Bangko Sentral ng Pilipinas and the Philippine economy in general were “in good hands” with Benjamin Diokno at the helm of the BSP and the Monetary Board. In a statement, the DBM said “Secretary Ben, a lifelong public servant and economics professor,” after all, “embodies the decisive leadership, professional experience, and technical competence needed in a central bank governor.” […]

Bankers welcome appointment of “respected economist, civil servant” Diokno as BSP governor

(Eagle News) — The Philippine banking industry on Tuesday, March 5, welcomed the appointment of Budget Secretary Benjamin Diokno as the new governor of the Bangko Sentral ng Pilipinas. In a statement, the Bankers Association of the Philippines lauded Diokno as a “respected economist, academic and civil servant” who spearheaded “various budget and governance reforms which improved the efficiency of the delivery of government services in the country.” “The BAP is optimistic that the reformist brand […]

JUST IN: Duterte names Budget undersecretary Abuel as DBM officer-in-charge

(Eagle News) — President Rodrigo Duterte has named a Budget undersecretary as officer-in-charge of the Department of Budget and Management. Duterte named Janet Abuel at the helm of the DBM following the appointment of then-Budget Secretary Benjamin Diokno as Bangko Sentral ng Pilipinas governor. Diokno replaced Nestor Espenilla, who passed away after fighting tongue cancer, in February. Diokno will serve Espenilla’s remaining term until 2023. Abuel, a bar topnotcher, finished her Masters of Public Administration […]

Duterte visits wake of BSP Governor Espenilla

(Eagle News) — President Rodrigo Duterte on Tuesday, Feb. 26, visited the wake of Bangko Sentral ng Pilipinas governor Nestor Espenilla Jr. in Taguig. The visit at The Arlington Chapel, Aeternum in Heritage Park took place  three days after Espenilla passed away after battling tongue cancer. Espenilla was appointed at the helm of the BSP in July 2017. He also served as ex-officio chairman of the Anti-Money Laundering Council, Philippine International Convention Center and the […]

Palace condoles with kin of late BSP Governor Espenilla

(Eagle News)–The Palace on Sunday, Feb. 24, expressed its condolences to the kin of  Bangko Sentral ng Pilipinas governor Nestor Espenilla, who passed away on Saturday night. In a statement, Presidential Spokesperson Salvador Panelo said the Palace was “saddened” to learn about the “untimely demise” of Espenilla. “This UP magna cum laude graduate was best remembered by the ordinary Juan de la Cruz for making financial services closer to Filipinos who—we are all aware—transact mostly […]

BSP Deputy Governor Tuaño-Amador named Central Bank officer-in-charge

(Eagle News)–Deputy Governor Almasara Cyd Tuaño-Amador has been named officer-in-charge of the Bangko Sentral ng Pilipinas following the death of Nestor Espenilla. The BSP said this was until President Rodrigo Duterte appoints the new head of the country’s Central bank. According to the BSP,  the decision to make Tuaño-Amador officer in charge was made in a special meeting by the Monetary Board, the BSP’s policy-making body. Espenilla passed away on Saturday after battling tongue cancer. He […]

BSP Governor Espenilla passes away

(Eagle News)–Bangko Sentral ng Pilipinas Governor Nestor Espenilla passed away on Saturday night. Espenilla, who had been battling tongue cancer, was 60 years old. He was appointed BSP governor in 2017.

Angara wants law that will grant tax exemptions to small-scale miners who will sell their gold to BSP

(Eagle News) — Senator Sonny Angara on Thursday, Jan. 17, called for the passage of a law that would grant tax exemptions to small-scale miners who would sell their gold to the Bangko Sentral ng Pilipinas. In a statement, Angara said if passed, the Gold Bill, as it is called in the Senate, will “ensure the strength of the country’s (gross international reserves)” promote the Philippines’ “greater monetary and external sector stability,” and “help support the […]

Remittances, tumaas ng 2.4% noong Nobyembre

(Eagle News) — Tumaas ang personal remittances ng Overseas Filipino Workers noong buwan ng Nobyembre 2018. Batay sa data na Inilabas ng Bangko Sentral ng Pilipinas (BSP), ang personal remittances o perang ipinadala sa pamamagitan ng cash o in kind ay lumago ng 2.4 percent. 2.8 percent naman ang itinaas sa mga perang ipinadala sa pamamagitan ng bangko. Ayon sa BSP, ang paglago sa personal remittances sa unang labing-isang buwan ng 2018 ay dahil sa […]

Pinakamataas na inflation, inaasahan sa Q3 ng taon – BSP

(Eagle News) — Inaasahang maaabot ng inflation ang pinakamataas na lebel nito ngayong third quarter ng taon. Ayon kay Bangko Sentral ng Pilipinas (BSP) Governor Nestor Espenilla Jr., kabilang sa mga factor na makapagdudulot ng mataas o mabilis na inflation ay ang mas mataas na excise taxes sa tobacco products at ang mas mataas na presyo ng produktong petrolyo sa pandaigdigang merkado. Inaasahan aniya na ang inflation ay babalik sa target na 2 hanggang 4 […]