Philippines
BSP makes wish list to Congress
Bangko Sentral ng Pilipinas Governor Rafael B. Buenaventura told reporters that the central bank has a wish list of five pending bills it wants to be passed by Congress but admitted only one was likely to go through before May next year, according to a…
BSP given full authority to probe bank accounts
The Philippines newly revised Anti-Money Laundering Act returns the central bank's authority to inquire into any bank deposit. The Bangko Sentral ng Pilipinas lost this power a decade ago under the 1993 Central Bank Act.
Philippines may get soiled notes clearing-house
Banking authorities in the Philippines said Thursday a cash management center would be set up in the Bangko Sentral ng Pilipinas. The center will serve as a central clearing-house to take mutilated or "unfit" peso notes out of circulation, ABS-CBN News…
Bangko Sentral ng Pilipinas 10th anniversary
The Bangko Sentral ng Pilipinas (BSP) celebrated its 10th anniversary on Wednesday. The Manila Bulletin says the BSP can rightfully claim that it has been doing well in keeping the banking system stable.
BIS Board invites new member central banks to join
The Bank for International Settlements (BIS) Board has invited six central banks to BIS membership and appointed Hans Tietmeyer as Vice-Chairman of the Board of Directors of the BIS, 30 June.
Philippines central bank reviews inflation target
The governor of the Philippines central bank, Rafael Buenaventura, said on Thursday that the inflation target may be revised down as previous concerns such as high oil prices no longer existed, according to Reuters.
FATF cancels Philippine mission due to Sars fears
The Financial Action Task Force has cancelled a mission to the Philippines due to the threat posed by Sars.
Philippine c bank chief returns to work
After spending the last two months in the US for medical treatment Governor Rafael Buenaventura of the Philippines central bank will return to work this week, the Philippine Daily Inquirer reported.
Philippines c bank to tighten dollar transactions
The monitoring of dollar transactions will be tightened by the BSP (Bangko Sentral ng Pilipinas, the country's central bank)as part of an effort to plug loopholes in existing rules on currency forward transactions, says BusinessWorld.
Philippines escapes FATF sanctions
Following the passage of new anti-money-laundering legislation, the Financial Action Task Force has decided not to impose sanctions on the Philippines.
Philippine central bank head takes one month leave
The governor of the Bangko Sentral ng Pilipinas, Rafael Buenaventura, is to leave his post for a short time and seek medical treatment in the United States, according to a Dow Jones report.
UBS labels IMF as source of damaging statistics
The International Monetary Fund has been criticised by UBS Warburg for providing inaccurate data on the Philippines economy, according to a local newspaper report.
Philippines to revise inflation target downwards
The Philippines has set a 4 to 5 percent average inflation rate target for next year, slightly lower than this year's target of 4.5 to 5.5 percent.
Gov't raising Philippine inflation target for 2003
PHILIPPINES - The Bangko Sentral ng Pilipinas has convinced the Development Budget Coordination Committee to adjust upward the inflation target for 2003 to a range of 4.5 to 5.5 percent from the original target of 4-5 percent.
World Bank backs more powers for Bangko Sentral
PHILIPPINES - The world Bank favours the legislation of stronger powers for the Bangko Sentral ng Pilipinas to intervene in cash-strapped banks as part of further reforms to improve the country's regulatory and supervisory framework.
Philippines SEC outlines plan with central bank
PHILIPPINES - Securities regulators and central bank officials are set to jointly examine investment houses under their jurisdictions in the Philippines.
BSP chief presses revision of inflation target
PHILIPPINES - Bangko Sentral ng Pilipinas (BSP) Governor Rafael Buenaventura made a fresh pitch Friday for revising the government's 2003 target for the inflation rate, noting economic planners' projections of the potential impact of a US-Iraq war on the…
BSP urged to monitor forex trading activities
PHILIPPINES - The peso continued to succumb to the dollar-buying pressure yesterday as it closed 3 centavos weaker to a fresh 14-month low of 52.68 to $1, prompting Finance Secretary Jose Isidro Camacho to ask the Bangko Sentral ng Pilipinas, the central…
Central Bank of the Philippines - An Report 2000
ANNUAL REPORT - The Central Bank of the Philippines has published its Annual Report for the year ended 2000.
Philippines central bank tightens rules on credit
PHILIPPINES - The Bangko Sentral ng Pilipinas is set to issue this week a circular restraining banks and credit card companies from issuing pre-approved "plastic money" and requiring them to adopt a stricter system of screening credit card applications.
Philippines central bank reorganises departments
PHILIPPINES - The policy-making monetary board has reorganised the Bangko Sentral ng Pilipinas' (Central Bank of the Philippines, or BSP) Supervision And Examination Sector (SES) for a more coordinated management of the banking industry.
Philippine cb should lobby for more power says IMF
PHILIPPINES - The International Monetary Fund is pressing the Bangko Sentral ng Pilipinas, the central bank in the Philippines, to lobby for changes in the country's banking laws in a bid to strengthen the central bank's supervisory powers over banks.
Philippines to make bid to FATF
PHILIPPINES - Philippine financial regulators are to meet with officials of the Paris-based Financial Action Task Force (FATF) next week in a fresh bid to be removed from a list of money laundering havens.
US aid for Philippine money laundering campaign
US - The US Agency for International Development is to extend assistance to the Philippines' campaign against money laundering, the US embassy said Monday.