BOP deficit widens in March - Philippine Star

The Philippines' balance of payments (BOP) remained in deficit in March, the widest in four months, as more money flew out of the country against the capital that came in. File. MANILA, Philippines - The Philippines' balance of payments (BOP) remained ...

BOP deficit widens to $994M in 1st quarter - Inquirer.net

The country posted a balance-of-payments (BOP) deficit of $550 million in March, the sixth straight month that the amount of dollars that left the economy was more than what came in. An economist warned that a continuous BOP deficit coupled with a ...

Yields on term deposits climb - BusinessWorld Online Edition

YIELDS under the central bank's term deposit facility (TDF) continued to trend higher yesterday despite a slump in demand for the month-long tenor as banks continued to prefer shorter-termed instruments. The TDF is the central bank's main tool to ...

BoP gap grew to $994m in 1st quarter - The Standard

The balance of payments posted another deficit in March 2017, amid the volatility in financial markets, weighing on the value of the peso and gross international reserves. Data from Bangko Sentral ng Pilipinas showed the BoP yielded a deficit of $550 ...

BSP amends banks' annual report data - Manila Bulletin

The Bangko Sentral ng Pilipinas (BSP) has amended guidelines on how banks and quasi banks present annual reports to improve market discipline by requiring the disclosure of “significant information” on financial condition, performance, ownership, and ...

BSP calls for more bank transparency - The Standard

THE Monetary Board, the policy-making body of Bangko Sentral ng Pilipinas, wants banks and quasi-banks to be more transparent in their presentation of annual reports so that the public will be informed about their real condition. In a statement ...

BSP expects recovery in PH's current, financial accounts on better global growth prospects - Manila Bulletin

A ranking Bangko Sentral ng Pilipinas (BSP) official expects a recovery of the Philippines' current and financial accounts in the coming months on expectations of better global economic output for 2017. Any improvement in both the current and financial ...

PHL forex expenses larger than earnings - Business Mirror

The country's transactions with the rest of the world, also known as the balance of payments (BOP), stood as a deficit in the first quarter, totaling almost $1 billion. Data from the central bank released on Wednesday showed the BOP as a deficit of ...

Who's going to be the next BSP governor? - Business Mirror

IF Finance Secretary Carlos G. Dominguez III had his way, I would venture to guess that his choice for the next Bangko Sentral ng Pilipinas (BSP) governor would be either of the BSP chief's two deputies, Nestor A. Espenilla Jr. and Diwa C. Guinigundo.

PH balance of payments deficit widens in March - ABS-CBN News

This was much higher than the $436 million deficit in February and was the sixth straight month that the Philippines posted a BOP deficit. The March BOP deficit also brought the year-to-date deficit to $994 million according to data from the Bangko Sentral ng ...

Bids for BSP's 7-day TDF surpass offering, 28-day facility remain undersubscribed - Philippine Canadian Inquirer

Banks continue to shy away from the 28-day Term Deposit Facility (TDF) of the Bangko Sentral ng Pilipinas (BSP) but the seven-day facility has regained its attractiveness. (Photo: Bangko Sentral ng Pilipinas/Facebook). MANILA—Banks continue to shy ...

BSP plans to ease deposit account requirements - Inquirer.net

Several years ago, a newspaper reported about a poor young couple who tried to deposit, in a bank, money they saved for the birth of their first child. The bank refused their deposit because they did not meet the requirements to open an account. The ...

Important choice - Philippine Star

The important role the Bangko Sentral ng Pilipinas (BSP) plays in the economy is beyond dispute. The law provides for the creation of a central monetary authority that shall function and operate as an independent and accountable body corporate in the ...