BSP: Philippine Inflation Higher Than Neighbors Due to Oil and AI Deficiencies
The Bangko Sentral ng Pilipinas highlights the Philippines' inflation struggles amid rising global tensions. The absence of oil resources and a robust AI sector has left the country lagging behind its Southeast Asian neighbors.
BSP Reports Nearly 65% of Philippine Payments Transition to Online Methods
The Bangko Sentral ng Pilipinas reveals that almost two-thirds of retail transactions are now digital, propelled by lower fees and enhanced QR technology. This shift reflects a significant change in consumer behavior and payment habits across the nation.
Remittance Growth Slows Despite High Transfers in June
Remittance growth from overseas Filipinos has slowed, raising concerns over economic stability. Experts attribute this to regional uncertainties and rising living costs.
Philippine Stocks Face Uncertain Outlook Amid Mixed Economic Indicators
Philippine shares may navigate a bumpy road this week as mixed economic signals and geopolitical issues loom large. Investors remain wary, especially with the upcoming BSP policy meeting on the horizon.
BSP Mandates National ID Integration for VASPs, E-Wallets, and Banks in 90 Days
The Bangko Sentral ng Pilipinas has set a 90-day deadline for financial institutions to integrate the National ID system. This move aims to simplify customer identification and reduce fraud in the growing digital finance sector.
BSP Updates VASP List, Removing BloomX and XenRemit from Registration
The Bangko Sentral ng Pilipinas has announced significant changes to its list of registered Virtual Asset Service Providers, raising questions about the future of the sector.
![[ANALYSIS] Exploring the Drivers Behind the Philippine Stock Market Rally](https://cdn.perapulse.com/images/articles/analysis-exploring-the-drivers-behind-the-philippine-stock-market-rally.webp)
[ANALYSIS] Exploring the Drivers Behind the Philippine Stock Market Rally
The Philippine stock market has recently experienced a notable rally, driven largely by foreign investments and local economic policies. Key players like ICTSI and CNPF are attracting significant attention from international investors.
SwiftPay Unveils SwiftGuard to Enhance Bank Compliance with BSP Anti-Fraud Regulations
SwiftPay has launched SwiftGuard, a real-time fraud prevention tool designed to help banks comply with new BSP regulations. The initiative comes as financial scams surge in the Philippines.
BSP Reviews Banks Not Complying with Transfer Fee Reductions
As the Bangko Sentral ng Pilipinas (BSP) examines compliance reports, banks face scrutiny over their transfer fees. Major players have waived charges, but some remain resistant.