Tag: BSP
-
BSP warns of wider BOP deficit in 2026 amid global headwinds
Overview: BSP revises 2026 BOP outlook downward The Bangko Sentral ng Pilipinas (BSP) has revised its projections for the country’s balance of payments (BOP), warning that the deficit is likely to widen in 2026 amid persistent global headwinds. The central bank’s quarterly outlook highlights a more challenging external environment, which could affect capital flows, commodity…
-
BSP Warns of Wider BOP Deficit in 2026 Amid External Headwinds
BSP Revisions to the 2026 BOP Forecast The Bangko Sentral ng Pilipinas (BSP) has revised its outlook for the Philippines’ balance of payments (BOP), predicting a wider deficit in 2026 as external headwinds persist. This downward revision reflects continued pressure from global financial market volatility, higher import bills, and weaker capital inflows amid a challenging…
-
Philippine Banks Step Back from Real Estate Exposure as Market Volatility Wanes
Overview: A Cooling Sentiment in Real Estate Financing Philippine banks and trust entities have dialed down their exposure to the volatile real estate sector, with total assets now allocating 19.54% to property-related risks as of end-September. This marks the lowest share in two quarters, according to fresh data from the Bangko Sentral ng Pilipinas (BSP).…
-
Banks Ease Real Estate Exposure in PH as BSP Data Shows Improvement
Overview: Banks trim exposure to the volatile property sector Philippine banks and trust entities reduced their exposure to real estate to 19.54% of total assets as of the end of September, marking the lowest level in two quarters. The latest data from the Bangko Sentral ng Pilipinas (BSP) indicate a shift away from heavy concentration…
-
Philippine Remittances Rise in October But Growth Slows: What It Means
October Remittances Signal Continued Support from Overseas Filipinos Overseas Filipino workers (OFWs) and other remitters sent more money home in October, according to data from the Bangko Sentral ng Pilipinas (BSP). The monthly cash remittance figure rose for the latest month, but the pace of growth cooled compared with September’s peak. The development underscores the…
-
How the Philippines’ Central Bank Is Helping Financial Institutions Become Climate Resilient
Introduction: Climate risk as a financial imperative Climate change poses a systemic risk to the Philippines’ economy, threatening both growth and stability. The Bangko Sentral ng Pilipinas (BSP) has reframed this risk as an opportunity to build a more resilient financial system. While the country faces frequent river and coastal flooding and recent disruptions from…
-
How the Philippines’ Central Bank Is Steering Climate-Resilient Finance
Introduction: A Financial System Prepared for Climate Change The Philippines faces increasing climate threats—from riverine floods to coastal storm surges. Recognizing that climate change is a systemic risk to the country’s financial stability, the Bangko Sentral ng Pilipinas (BSP) has positioned itself at the forefront of climate resilience. The central bank’s strategy blends risk management…
-
How the Philippines’ Central Bank Is Building Climate-Resilient Finance
Introduction: A Climate-Resilient Financial System in a Vexed Era The Philippines faces increasing climate risks, from riverine floods to coastal storms. In this context, the Bangko Sentral ng Pilipinas (BSP) is taking proactive steps to ensure the country’s financial system can weather climate shocks while steering capital toward green, adaptive projects. Recognizing climate risk as…