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November 28, 2023

BSP says OFW remittances remain resilient amid uncertainties

Remittances from overseas Filipinos workers (OFWs) have contributed to meeting the foreign exchange requirements of the Philippine even as external demand was weighed down by the COVID-19 pandemic, according to Bangko Sentral ng Pilipinas Governor Benjamin E. Diokno.

BSP increases investments in green bonds

The Bangko Sentral ng Pilipinas (BSP) continues to work towards incorporating sustainability principles into its reserve management framework after total investments in green bonds reached more than $550 million.

Business confidence drops in Q1 due to Omicron wave

Businesses turned less optimistic in the first quarter of the year due to the resurgence of COVID-19 cases caused by the more contagious Omicron variant resulting to the reimposition of strict quarantine and lockdown measures.

Diokno is at it again

For the nth time, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said the policy-setting Monetary Board (MB) is prepared to cut the banks’ deposit reserves as part of the commitment to bring the ratio down to single digit.

Key rural bank officials formally charged at the DOJ

Department of Justice (DOJ) officials in Cagayan de Oro City have formally charged the former chairman and other key officials of the shuttered Philippine Farmers Bank Inc. (PFBI) for allegedly defrauding the lender of millions of pesos in resources.