Philippines
Tetangco on the BSP and the banking community
In the speech 'The BSP and the banking community: A partnership for a better year in 2007' given on 16 January Amando Tetangco of the Central Bank of Philippines said in the banking sector, we expect further expansion of bank resources, improvement in…
Taiwan signs MOU with Philippines central bank
Taiwan's Financial Supervisory Commission announced Friday 2 February it had signed a Memorandum of Understanding (MOU) with the Central Bank of the Philippines.
Tetangco on the BSP and the banking community
In the speech 'The BSP and the banking community - a partnership for a better year in 2007' given on 16 January Amando Tetangco of the Central Bank of the Philippines said inflation is seen to continue to slow down in 2007, with the government target of…
Philippines' Tetangco on risk management
In the speech 'Central Bank of the Philippines' initiatives to strengthen risk management practices in banks' given on 6 December Amando M Tetangco, Jr of the Central Bank of the Philippines said BSP initiatives are geared towards simultaneously…
Former central bank governor Buenaventura dies
This article published Friday 1 December by the Philippines Daily Inquirer reports the death of former governor of the Philippines central bank Rafael Buenaventura.
Remittances on the rise in the Philippines
Money sent home by Filipinos working abroad rose 18% to $1.1bn in June compared to the same month last year.
Central Bank of the Philippines - Annual Report 05
According to the Central Bank of the Philippines Annual Report 2005, the Philippine economy expanded by 5.1 percent in 2005, buoyed by the continued growth of the services and industry sectors on the production side and sustained consumer expenditures on…
Tetangco on the state of the Philippine economy
In the speech 'The state of the Philippine economy and policy directions of the Bangko Sentral ng Pilipinas' given on 17 May Amando Tetangco of the Bangko Sentral ng Pilipinas said we are hopeful that the reform agenda we have embarked upon will help us…
Review of the Asian Bond Fund 2 Initiative
The Bank of Japan has announced that the EMEAP (Executives' Meeting of East Asia-Pacific Central Banks) Working Group on Financial Markets has released a report titled "Review of the Asian Bond Fund 2 Initiative."
Philippines central bank to reduce policy meetings
The central bank of the Philippines has decided to hold its monetary policy-setting meetings every six weeks starting July, instead of every four weeks.
New Zealand hosts EMEAP central bank governors
Central bank governors from major countries in the region gathered in New Zealand over the weekend to discuss common issues, Reserve Bank of New Zealand governor Alan Bollard said Monday 29 May.
Reuters signs Philippines to Kondor risk software
The central bank of the Philippines, Bangko Sentral ng Pilipinas (BSP), has contracted with Reuters for the supply and implementation of the vendor's Kondor risk management technology.
Philippines, Japan sign currency swap
The Philippine central bank and the Bank of Japan have signed a currency swap arrangement letting both countries draw from each other's foreign reserves for any "immediate need".
Philippines doesn't rule out rate hikes
The Philippines central bank isn't ready to stop increasing interest rates even though inflation has started to show an encouraging moderation, a central bank official told Dow Jones Newswires in an interview published on Wednesday 12 April.
Tetangco on transparency and communication
In the speech 'Transparency and communication in central banking' given on 17 March Amando Tetangco of the Central Bank of the Philippines said we at the BSP recognize that central banking and in particular, inflation targeting, is a public trust, much…
Central Bank of the Philippines - Annual Report 04
According to the Central Bank of the Philippines Annual Report 2004, the Philippines' growth story in 2004 in more ways than one was remarkable.
Emerging market reserves grow in January
Recent data show significant increases in foreign exchange reserves in a number of emerging market economies in January. The Philippines gross international reserves hit an all-time high of $20.504 billion at the end of January on fresh government…
Asian reform
In this speech given at a Wharton business school forum in Mumbai on 6 January, 2006, the governor of the Bank of Thailand, M R Pridiyathorn Devakula, argues that fast growing intra-regional trade between east Asian economies provides evidence that the…
President 'Arrovo' blunder prompts banknote recall
The Philippines central bank suffered embarrassment this week when it was noticed that 100 peso (US$1.80) bank notes had been issued with the surname of President Gloria Macapagal Arroyo spelled "Arrovo," with a "v."
BSP launches 'Save your money in banks' campaign
When you deposit your money in banks, they will nurture your money to grow, making it also work for you. This was the claim of the Bangko Sentral ng Pilipinas (BSP) in its campaign for bank savings, according to information gathered by the Philippine…
BSP's Tetangco on capital markets
In the speech 'Capital market: A cornerstone of BSP financial reform agenda' given on 23 August Amando Tetangco of the Bangko Sentral ng Pilipinas said the BSP has also been fully supportive of the establishment of the Fixed-Income Exchange (FIE) as an…
BSP not ruling out tighter money policy
The Philippines central bank (BSP) said it would not rule out a "possible tightening" of its monetary policy after August inflation figures showed the rate rose faster than expected.
Filipino rates unmoved despite inflation threat
The Philippines central bank held interest rates steady at its August monetary policy meeting, despite inflation which is expected to be above-target in 2005 and 2006.
Philippine cb expects more bank consolidation
Philippine central bank governor Amando Tetangco told reporters on Thursday 18 August he expects the banking sector to continue consolidating this year.