Tag: Bangko Sentral ng Pilipinas
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Philippine Stocks Stagnant, Peso Gains Ground Against Dollar
In Manila, the Philippine stock market concluded the day with minimal changes, while the peso saw a notable appreciation against the US dollar. The Philippine Stock Exchange index (PSEi) experienced a slight decline of 0.03 percent, closing at 6,095.97. Similarly, the All Shares index dropped by 0.14 percent to 3,655. According to Luis Limlingan, head…
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Malacañang Dismisses Duterte’s Allegations of Gold Reserve Sales as Baseless Intrigues
In a decisive response to former president Rodrigo Duterte’s recent allegations, Malacañang Palace has firmly dismissed claims that President Ferdinand R. Marcos Jr. is involved in selling the country’s gold reserves. The accusations were labeled as ‘baseless’ and mere ‘intrigues’ by Presidential Communications Office Undersecretary and Palace Press Officer, lawyer Claire Castro, during a press…
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Bangko Sentral ng Pilipinas Establishes Council to Enhance Financial Sector’s Cyber Defenses
The Bangko Sentral ng Pilipinas (BSP) has taken a significant step towards fortifying the cyber resilience of the financial sector by establishing the Financial Cyber Resilience Governance Council (FCRGC) on February 11, 2025. The launch event, held at the BSP’s head office in Manila, was attended by key figures including BSP Governor Eli Remolona Jr.,…
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Philippine Treasury Successfully Allocates Reissued 10-Year Bond
The Philippine Bureau of the Treasury (BTr) announced the complete allocation of the reissued 10-year Treasury bond on Tuesday. The bond, which now has a remaining term of eight years and eleven months, was sold at an average yield of 6.118 percent. This rate marks a decrease from the 6.251 percent yield recorded during its…
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Overseas Filipino Remittances Soar to Record Levels in 2024
In a significant economic milestone, remittances from Filipinos working abroad reached an unprecedented high of USD38.34 billion in 2024, according to the Bangko Sentral ng Pilipinas (BSP). This figure represents a 3 percent increase from the USD37.21 billion recorded in the previous year. The BSP announced these figures on February 17, 2025, highlighting that December…
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Overseas Filipino Remittances Soar to Record Levels in 2024
In a significant economic milestone, remittances from Filipinos working abroad reached an unprecedented high of USD38.34 billion in 2024, according to the Bangko Sentral ng Pilipinas (BSP). This figure represents a 3 percent increase from the USD37.21 billion recorded in the previous year. The BSP announced these figures on February 17, 2025, highlighting that December…
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Philippine Peso Strengthens to 57-Level, Stock Market Sees Decline
In Manila, the Philippine peso strengthened, reaching the 57 to the dollar mark on Friday, while the local stock market experienced a downturn. The peso ended the day at 57.83 against the US dollar, an improvement from Thursday’s close of 58.06. The currency last hit the 57 level on January 2, closing at 57.78. It…
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Philippine Stock Market Climbs to 6,000 Mark, Peso Holds Steady Midweek
In Manila, the Philippine Stock Exchange index (PSEi) surged back to the 6,000 threshold, marking a 0.94 percent rise to close at 6,044.13. The broader All Shares index also saw a gain, increasing by 0.34 percent to reach 3,619.19 points. This uptick in the stock market occurred a day before the anticipated policy rate reduction…
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Philippine Stock Market Climbs to 6,000 Mark, Peso Holds Steady Midweek
In Manila, the Philippine Stock Exchange index (PSEi) surged back to the 6,000 threshold, marking a 0.94 percent rise to close at 6,044.13. The broader All Shares index also saw a gain, up by 0.34 percent to 3,619.19. This uptick in the stock market occurred a day before the anticipated policy rate reduction by the…
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Philippine Stock Market Dips Below 6,000 Again Amid Trump Tariffs, Peso Nears Weakening
In Manila, the local stock market took another hit, falling below the 6,000 threshold once more, as investors grappled with the implications of new tariffs announced by U.S. President Donald Trump. The Philippine Stock Exchange index (PSEi) dropped by 0.82 percent to close at 5,987.75, while the broader All Shares index also declined by 0.28…
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