Jimmy Calapati

2 weeks ago | malaya.com.ph | Jimmy Calapati

THE policy-setting Monetary Board on Thursday decided to lower the Target Reverse Repurchase Rate of the Bangko Sentral ng Pilipinas (BSP) by 25 basis points (bps) to 5.50 percent, BSP Governor and Monetary Board Chairman Eli M. Remolona Jr. said. The board reached the decision after it factored in the 90-day suspension on most of the higher import tariffs issued by US President Donald Trump on America’s trading partners, the BSP said. “We have looked at global models.

2 weeks ago | malaya.com.ph | Jimmy Calapati

The policy-setting Monetary Board on Thursday decided to reduce the Target Reverse Repurchase (RRP) Rate of the Bangko Sentral ng Pilipinas (BSP) by 25 basis points (bps) to 5.50 percent, BSP Governor and Monetary Board chief Eli M. Remolona Jr. said. Interest rates on overnight deposit and lending facilities were adjusted accordingly to 5.0 percent and 6.0 percent, respectively, the BSP said.

2 weeks ago | malaya.com.ph | Jimmy Calapati

The gross non-performing loan (NPL) ratio of Philippine banks stood steady at 3.38 percent in February from the preceding month, but dropped from 3.44 percent a year earlier, the Bangko Sentral ng Pilipinas (BSP) said. Data released by the BSP late Tuesday showed the total amount of NPLs, or soured loans, was up 0.10 percent to P513.35 billion in February 2025 from P512.83 billion in January. Soured loans are a key indicator of a lender’s asset quality.

2 weeks ago | malaya.com.ph | Jimmy Calapati

THE Land Transportation Franchising and Regulatory Board (LTFRB) yesterday issued special permits to more than 1,000 buses to accommodate the anticipated travel surge during the Lenten period. In a statement dated April 9, Teofilo Guadiz III LTFRB chairperson said a total of 1,018 special permits have been issued as of April 8 to augment the supply of provincial buses during the peak travel period.

2 weeks ago | malaya.com.ph | Jimmy Calapati

The Philippines’ gross international reserves (GIR) declined to $106.2 billion at end-March from the end-February level of $107.4 billion, the Bangko Sentral ng Pilipinas (BSP) said late Monday. The month-on-month fall in the GIR level reflected mainly the drawdowns by the national government on its foreign currency deposits to meet its external debt obligations, while some were used by the BSP for its foreign exchange operations, the central bank said.