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.
PERA Contributions Surge 45% to ₱757.5 Million in H1 2026
Contributions to the Personal Equity and Retirement Account (PERA) system saw a significant rise in the first half of 2026, highlighting an increasing trend in savings among Filipinos. The surge in participation indicates a growing awareness of retirement planning.
Thrift Banks Warn Against Long Salary Loans for Tuition Fees
As salary loans extend to seven years, thrift banks advocate for limits to prevent debt overload. Experts stress that tuition financing should not follow the same long-term repayment model.
Net FDI Falls to Near 10-Year Low in April, Signals Investor Caution
In April, the Philippines recorded a significant decline in net foreign direct investments, falling to $250 million. This drop highlights growing investor caution amid global economic challenges.
BSP Explores Wholesale CBDC for Settlements and Payments
The Bangko Sentral ng Pilipinas is advancing toward a wholesale CBDC to modernize securities settlement and cross-border payments. This initiative could reshape the financial landscape in the Philippines.
BSP Confirms Philippine Banks Are ‘Well-Positioned’ for Economic Shocks
As Fitch Ratings warns of potential profitability declines for Philippine banks, the BSP reassures the public of their stability. Key metrics indicate a robust banking sector despite external pressures.
2026 Growth Target Slashed to 3.5-5.5% Amid Economic Challenges
The Philippine government has revised its growth target for 2026 downward, citing external conflicts and domestic setbacks. This shift raises concerns about economic stability and inflation.
Binance PH Plans Comeback: New Whitepaper Reveals SEC-BSP Partnership Structure
Binance's strategic partnership with BlockShoals aims to comply with Philippine regulations, as detailed in a new whitepaper. The operational model could reshape crypto trading in the country.
BSP Again Hikes Rates to Tackle Inflationary Pressures
In a bid to control rising inflation, the Bangko Sentral ng Pilipinas has raised interest rates again. This increase comes as global economic uncertainties loom, impacting the local economy.