central bank reporter for @bworldph • 📩 reach out via: [email protected]
Joined March 2022
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READ: Starting 2027, the Bangko Sentral ng Pilipinas will consolidate all balance of payments (BoP) reports into a single publication to provide a comprehensive analysis of BoP developments while maintaining compliance with the International Monetary Fund’s standards. | @bworldph
The BoP statistics will still be released in the second week of the third month following the reference quarter, while the full "BOP Developments and Outlook Report" will come out in the fourth week of that same month, the BSP added. | @bworldph
READ: The Monetary Board banned five money service businesses from securing any operational license from the Bangko Sentral ng Pilipinas for operating unauthorized.
The disqualification also covers sole proprietorships owned or controlled by the MSBs’ owners. | @bworldph
JUST IN: The Bangko Sentral ng Pilipinas hikes its target reverse repurchase rate for a fourth straight meeting by 50 bps to 5.5%.
Rates on the overnight deposit and lending facilities were also raised by 50 bps each to 5% and 6%, respectively. | @bworldph
BSP Governor Eli M. Remolona, Jr. says their 50-bp hike meant to address heightened inflation risks and spillover effects.
He also remained open to further tightening, with their expected economic rebound by the first quarter of 2027 giving them more room. | @bworldph
BSP Deputy Governor Zeno Ronald R. Abenoja says the central bank now sees headline inflation accelerating to 6% in 2027 from its prior estimate of 5.4%.
However, it maintained its forecasts of 6.1% for 2026 and 3.3% for 2028. | @bworldph
Katherine Chan retweeted
ICYMI: GlobalSource country analysts Mr. Guinigundo and Ms. Mañalac said the BSP needs to hike by 50 bps "to prevent the erosion of purchasing power and confidence from becoming another drag on an already struggling economy."
bworldonline.com/top-stories… by @imerinechan @bworldph
JUST IN: The Philippines’ balance of payments (BoP) deficit ballooned to $3.144 billion in September from $596 million in August, the Bangko Sentral ng Pilipinas (BSP) reported.
This also marked a reversal of the $82-million surplus in September 2025. | @bworldph
WATCH: Xendit, a payments infrastructure company, said digital payments in local e-commerce platforms nearly tripled from January 2025 to April 2026.
However, about 23% of Filipino consumers still use cash-on-delivery, the highest in Southeast Asia. | @bworldph
JUST IN: Cash remittances grew by 1.9% year on year to $3.035 billion in August from $2.977 billion, preliminary Bangko Sentral ng Pilipinas (BSP) data showed.
This matched the annual growth in July and marked lowest monthly level since May. | @bworldph
📸: BSP
LOOK: Net inflows of foreign direct investments (FDI) to the Philippines slid by 44.1% year on year to $689 million from $1.233 billion, Bangko Sentral ng Pilipinas data showed. | @bworldph
📸: BSP
This is the highest monthly inflows in six months, but marked the first annual decline in three months.
FDI net inflows stood at $4.071 billion as of July, 23.9% lower than the $5.35 billion a year ago. | @bworldph
WATCH: ASEAN Foundation Executive Director Piti Srisangnam said the top three types of cyber fraud in Southeast Asia are investment scams, love scams, and imposter scams.
He also noted that the Philippines is among the hotspots of scam centers in ASEAN. | @bworldph
The ASEAN Foundation on Monday launched the Philippine leg of its anti-scam initiative “Scam Ready ASEAN Program” with the Bank Marketing Association of the Philippines, Google, and the Bangko Sentral ng Pilipinas. | @bworldph
Katherine Chan retweeted
The Philippines' dollar reserves fell to a three-year low of $99.997 billion at end-September, the BSP said bworldonline.com/top-stories… by @imerinechan via @bworldph
BSP Governor Eli M. Remolona, Jr. says at the 58th FINEX Conference that they are most worried about El Niño nowadays, describing the severe event as “really, really bad news.”
He adds that they are now more worried about inflation expectations than before. | @bworldph
GIR HITS THREE-YEAR LOW
The Philippines’ gross international reserves (GIR) fell by 8.3% year on year to $99.997 billion at end-September, the Bangko Sentral ng Pilipinas (BSP) said.
This was the lowest GIR level since the $98.116 billion in September 2023. | @bworldph
📸: BSP
Katherine Chan retweeted
Inflation sharply accelerated to its fastest pace in over three years in September due to higher food, transport and utility costs, the Philippine Statistics Authority (PSA) said
bworldonline.com/top-stories… by @imerinechan via @bworldph
