BSP

Court of Appeals orders BSP to provide funds for BF amounting to P25 billion

Banco Filipino to Reopen?

The Court of Appeals reveals that it does not see any substantial proof showing that Banco Filipino is engaged in “risky banking practices” ... Full story

The Philippines is struggling to catch up with its Asian neighbors.

Philippines needs 45 years to catch up to Singapore

The BSP admitted that the country is 45 years behind Singapore, economy-wise. This goes to show that the Philippines has a lot of catching up to do. ... Full story

An exasperated Enrile during the Blue Ribbon Committee investigation that grilled former DBP President Reynaldo David for six hours in the absence of Ongpin

Senators investigate Ongpin's questionable accumulation of Philex shares

Senator Enrile said businessman Roberto Ongpin used inside information to gain big shares of Philex and sold them to Manny Pangilinan for a huge profit to make the latter the biggest stockholder of the country's largest copper and gold mining firm. ... Full story

Remittances remained strong despite job cuts in Middle East

OFW remittances surged 6.9% to $1.69 billion in May

BSP attributes the increase in remittances to better money transfer channels and more demand for Filipino workers. ... Full story

BSP issues circular containing guidelines of lowered banking fees.

Bangko Sentral ng Pilipinas Lowers Branch Processing Fees

Continues to Provide Efforts to Penetrate and Serve Unbanked and Undebanked Areas ... Full story

Net inflow of "hot money" hit $364 million

Net inflow of hot money reaches $364 million in May

Investors' heightened interest in the Philippine Stock Market spurred net inflow of hot money. ... Full story

BSP survey reveals top firms' outlook on interest rates

BSP Survey: Businesses prepare for hike in borrowing rates

Impending policy rate hike can dampen economic activities in the third quarter. ... Full story

Rizal at 150th with PNoy and VP Binay

Rizal Commemorative Medal for 150th Birthday

National Hero’s 150th birthday marked by Commemorative medal from BSP ... Full story

Forex reserves ballooned to $67.78 billion

April forex reserves expand to record breaking $67.78 billion

Foreign exchange reserves expanded to $67.78 billion on the strength of BSP's investments overseas. ... Full story

NSO declares 4.1 inflation rate for first quarter

Inflation staying Low for April

Promising inflation rate for April not reaching rate cap set for 2011 ... Full story

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Elmira Joson-Rivera

Elmira Joson-Rivera

This writer is a passionate lover of the printed word who opted to trade in her suits and the perks of a corporate job for more quality family time. Now a freelance writer, financial services professional and a work-at-home-mom, this writer continues to strive to live life to the fullest, taking each day at a time, riding the highs and the lows with the people she loves most.