BSP: Monetary Board functioned as ‘normal’ amid ghost employees issue
The Bangko Sentral ng Pilipinas said that its Monetary Board has not affected its operations amid reported "ghost employees," which allegedly involved two members of MB......»»
Finally, a complete 7-member Monetary Board
Last Friday, Jan. 26, marked a turning point for Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona, with him finally comfortably hosting this year’s annual reception for the banking community outdoors at the BSP compound’s historic Fort San Antonio Abad on a cool early evening, with a relaxed business casual suit but no tie dress code, and finally with a complete seven-member Monetary Board......»»
BSP governor says February rate cut not likely
In statements made to the press, BSP Governor Eli Remolona said that due to the “numbers we are seeing” a rate cut “is not likely (on) February 15”, which is the next scheduled meeting date for the BSP’s Monetary Board......»»
Recto joins BSP’s Monetary Board
Newly appointed Finance Secretary Ralph Recto has formally assumed the role of the government’s representative to the seven-member Monetary Board, the highest policy-making body of the Bangko Sentral ng Pilipinas......»»
Diokno’s back, but Bangko Sentral ‘not sure’ if Ralph Recto will sit in its powerful Monetary Board
'There’s an appointed secretary of finance but me personally, I’m not sure if the secretary of finance will sit as a member of the Monetary Board,' says BSP Deputy Governor Eduardo Bobier.....»»
Monetary Board member quits over ‘ghost’ scandal
A member of the Monetary Board of the Bangko Sentral ng Pilipinas has resigned amid the controversy over ghost employees involving officials of the MB, the BSP’s policy-making body......»»
Ghost projects, ghost expenses
Our country has been spooked by ghost employees and taxpayers money has been spirited away......»»
Women shaping Philippine monetary policy
Women have made significant strides as leaders in the Philippine financial services industry even as challenges continue to persist. At the helm are two distinguished female members of the Monetary Board (MB) – the policy-setting body of the Bangko Sentral ng Pilipinas (BSP) –both of whom are breaking the bias for women in finance......»»
BSP onboards 1st nonbank electronic money issuer
The Bangko Sentral ng Pilipinas (BSP) achieved a significant milestone by welcoming OmniPay, Inc. as the first nonbank electronic money issuer (EMI) participant in its Real Time Gross Settlement (RTGS) payment system, PhilPaSSplus. This move aligns with the National Payment Systems Act and signifies a more inclusive national payment system, allowing nonbank financial institutions to conduct efficient and low-risk funds transfers directly through the central bank. Assistant Governor Mary Anne P. Lim emphasized the BSP's commitment to safeguarding the entire Peso RTGS payment system amidst global trends of diversified participation. With 236 institutions, including various banks and nonbank entities, utilizing PhilPaSSplus for large value transactions and retail payment clearing, the BSP's initiative reflects a broader trend of central banks facilitating direct access for nonbank entities to settlement services. This development comes as international standard-setting bodies work on access guidelines to manage risks in evolving payment systems with new players and financial technologies......»»
Interest rates to remain at 6.5% — BSP
The Bangko Sentral ng Pilipinas’ (BSP) Monetary Board (MB) decided to retain its target reverse repurchase rate at 6.5%......»»
BSP issues guidelines for payment systems
The Bangko Sentral ng Pilipinas (BSP) has released its first Manual of Regulations for Payment Systems (MORPS), a formal compilation of all payment system regulations approved by the Monetary Board as of end-December 2023......»»
USD3.32-B Loan Approved by BSP
On Monday, the Bangko Sentral ng Pilipinas (BSP) announced that the Monetary Board approved USD 3.32 billion in medium-to-long-term (MLT) foreign borrowings for Q4 2023. From October to December 2023, the public sector’s foreign borrowings rose by 65.8%, reaching USD3.32 billion, up from USD2 billion in the same period in 2022. This brought the total […].....»»
Monetary Board awaits Palace word on government representative
The Bangko Sentral ng Pilipinas is awaiting word from Malacañang as to who will be the government representative in the seven-member Monetary Board......»»
Diokno as Monetary Board member: I’m now cooling down
Former finance secretary Benjamin Diokno says he is now on a cooling down mode as he was sworn in as the last member of the Monetary Board......»»
Lebanon s displaced celebrate Ramadan amid fears that border conflict might become the new normal
Lebanon s displaced celebrate Ramadan amid fears that border conflict might become the new normal.....»»
Ensuring the integrity of the BSP
Bangko Sentral ng Pilipinas Gov. Eli Remolona is confident that Malacañang “will act decisively” on the ghost employee issue that has tainted the integrity of the country’s top monetary authority......»»
BSP Governor Eyes Potential Rate Cut as Inflation Eases
In a recent interview, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. hinted at a potential rate cut later this year, signaling optimism amid the nation’s economic landscape. While cautious about the first semester, Remolona remains watchful, stating that the move could come “within the year.” The BSP, responding to escalating inflation, had hiked […].....»»
BSP to keep policy stance sufficiently tight
Despite the slowdown in the rise in consumer prices in the past four months, monetary authorities deem it necessary to keep monetary policy settings sufficiently tight until there is sustained decline in inflation......»»
Land of ‘ghosts’
Our chat groups and timelines have been buzzing for several weeks now because of the issue of ghost employees now hounding the Bangko Sentral ng Pilipinas......»»
Dennis naniniwalang hindi igo-ghost ni Gerald si Julia; gusto na ng apo
FEELING naman ng veteran comedian na si Dennis Padilla ay never igo-ghost ni Gerald Anderson ang anak niyang si Julia Barretto. Naniniwala ang komedyante, base na rin sa mga nababalitaan niyang relasyon ng celebrity couple, na hindi magagawa ng hunk actor sa kanyang anak ang umano’y panggo-ghosting nito noon sa ex-girlfriend na si Bea Alonzo......»»
Bianca na-ghost ng inakalang dyowa: Heartbroken nang bonggang-bongga!
NABIKTIMA rin ng “multo” ang Kapuso actress na si Bianca Umali matapos dedmahin ng dating karelasyon at tuluyan nang hindi nagparamdam. Yes, yes, yes mga ka-Marites, na-ghost din pala ang dalaga ng isang lalaking itinuring niyang boyfriend pero bigla na lang daw nawala na parang bula. Ni-reveal ni Bianca ang tungkol dito sa YouTube series.....»»