Tag: BSP

PHL financial markets allowed to open amid Luzon-wide enhanced quarantine

  (Eagle News) – The Philippine government has now allowed financial markets to re-open amid the Luzon-wide enhanced community quarantine due to the coronavirus outbreak. In a joint statement, the Department of Finance (DOF) and the Bangko Sentral ng Pilipinas (BSP) said that the Inter-Agency Task Force (IATF) on Emerging Infectious Diseases had already issued an exemption for the Philippine Stock Exchange (PSE), Philippine Dealing & Exchange Corp. (PDEX), Philippine Depository & Trust Corp., and […]

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BSP: Inflation further eases to 1.6 percent in 4th quarter of 2019

(Eagle News) — Inflation continued to ease in the fourth quarter of 2019, bringing year-to-date average inflation well within the the government’s announced target range, the Bangko Sentral ng Pilipinas said on Friday, Jan. 24. According to the BSP, the headline inflation of 1.6 percent in the fourth quarter of last year, down from the 1.7 percent in the third quarter, brought year-to-date average inflation to 2.5 percent, which is within the target range of […]

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BSP launches new P20 coin, releases new nine-sided P5 coin

(Eagle News)–The Bangko Sentral ng Pilipinas on Tuesday, Dec. 17, launched a new P20 coin that will soon replace the old P20 bill. The coin still features former President Manuel Quezon on one side, while the other side has the image of the Malacañang Palace and the BSP logo. It also features an image of the plant, “Nilad”  where the Philippine capital’s name came from. Nilad or the local name of the Yamstick Mangrove is […]

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Yasay: Reporting loans not part of my job at Banco Filipino

(Eagle News)–Former Foreign Affairs Secretary Perfecto Yasay Jr. on Tuesday, Aug. 27, denied any wrongdoing in what prosecutors said was Banco Filipino Savings & Mortgage Bank’s failure to  report P350 million in loans to Tierrasud Inc. between 2001 to 2009. In an interview over ANC, Yasay said he was “just” a director of the now-defunct bank and was only “tasked and hired to sit down with high officials of the (Bangko Sentral ng Pilipinas) to […]

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Lapid on proposal to hike ATM transaction fees: Let’s not give workers that additional burden

(Eagle News)–Senator Lito Lapid on Thursday, Aug. 15, urged the Bangko Sentral ng Pilipinas to consider the effect of increased automated teller machine fees on workers when studying the applications for the same of some banks. “Wag na sana nating dagdagan pa ang pasanin ng ating mga kababayan, lalo na ng mga manggagawa na kakarampot na nga ang kinikita ay mababawasan pa,” Lapid said in a brief statement. According to Lapid, increasing ATM transaction fees […]

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Japan’s commitment to help PHL achieve dev’t goals highlighted in BSP-GRIPS forum in Manila

  (Eagle News) – The Indo-Pacific region, including Southeast Asia, will continue to be very important for Japan which aims to help countries in the region to achieve sustainable development. And the Philippines is one of the important countries for Japan as it continues to provide development funds and opportunities for policy research that will help the country. This was highlighted during the academic conference held by Japan government’s National Graduate Institute for Policy Studies […]

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BSP Governor: Price and financial stability will be top priority

By Caesar Vallejos OPEN FOR BUSINESS, Eagle News Service Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said that maintaining price and financial stability will remain the BSP’s top priority.  At the Chamber of Thrift Banks (CTB) Convention held at the Makati Shangri-La last March 29, 2019, Diokno cited the Philippine economy’s recent developments, potential challenges and the BSP’s thrusts. “You can rely on the BSP to remain independent and steadfast in safeguarding our […]

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Philippine economy to grow despite global economic slowdown

By Caesar Vallejos OPEN FOR BUSINESS, Eagle News Service The Philippines will continue to be a viable investment and growth hub despite the global economic slowdown. This was the message of top policymakers and business leaders at the recently concluded Manila Times Economic Outlook 2019 Forum at the Dusit Thani Manila. International Monetary Fund (IMF) Resident Representative to the Philippines Yongzheng Yang confirmed that the global growth is slowing down.  He said that “in 2018, […]

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News in photo: New BSP governor Diokno and family strike “Duterte pose” with President

  (Eagle News) — Newly installed Bangko Sentral ng Pilipinas governor Benjamin Diokno and his family struck the signature “Duterte pose” of the President during his oath-taking in Malacanang on Wednesday, March 6. Diono was with his wife, Jo Ann Camacho, and son, Antonin, when President Duterte administered his oath-taking as the new BSP governor. He will serve the remainder of the late Nestor Espenilla’s six-year term which ends in July 2023. Diokno, the former secretary […]

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Diokno takes his oath as new BSP governor, to formally assume office today

  (Eagle News) — President Rodrigo Duterte administered the oath of office of newly installed Bangko Sentral ng Pilipinas (BSP) governor Benjamin Diokno who will serve the remainder of the late Nestor Espenilla’s six-year term which ends in July 2023. Diokno was accompanied by his wife, Jo Ann Camacho, and son, Antonin Camacho during his oath-taking on Wednesday, March 6, in Malacanang. Diokno, who was previously Duterte’s budget and management chief, has extensive experience in […]

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Palace clarifies: Diokno appointment at BSP does not need CA approval

(Eagle News)–The Palace on Wednesday, March 6, said Bangko Sentral ng Pilipinas governor Ben Diokno did not need to get the approval of the Commission on Appointments after all. Presidential Spokesperson Salvador Panelo issued the statement a day after he said the Palace was confident Diokno would get the nod of the CA for his appointment. “After further evaluation of relevant laws and jurisprudence surrounding the appointment of former Secretary of Budget and Management Benjamin […]

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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 […]

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