Philippines
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.
Philippines, EC sign anti-money laundering pact
The European Commission (EC) and the Philippines have signed a 73-million peso (1.33-million US dollars) financing agreement to assist with the country's anti-money laundering drive, Foreign Affairs Secretary Alberto Romulo has said.
BSP official sees economy recovering
The chief investor relations officer of the Bangko Sentral ng Pilipinas, the Philippine central bank, said in an interview that the economy is slowly regaining the growth momentum that was disrupted by the political crisis in the past two months.
BSP sees inflation at 6.5%-7%
The Bangko Sentral ng Pilipinas, Philippine central bank, said Friday the annual inflation rate likely fell to 6.5-7.0 percent in July from 7.6 percent in June as abundant food supply offset pressures from high oil prices.
BSP appoints Guinigundo deputy governor
Bangko Sentral ng Pilipinas governor Amando M. Tetangco, announced the appointment of economist Diwa Guinigundo, 51, on Thursday as deputy governor of the BSP's Monetary Stability Sector.
BSP's Tetangco on continuity in a time of change
In the speech 'Continuity in a time of change' given on 4 July Amando Tetangco of the Bangko Sentral ng Pilipinas said the BSP story of the last six years is ending today with a considerable amount of success.
Philippines joins anti-money-laundering network
The Philippines' Anti-Money Laundering Council (AMLC) has been admitted as a member of the Egmont Group, a global network of financial intelligence units that tackles money-laundering, the central bank said.
New Philippine central bank governor sworn in
Philippine president Gloria Macapagal-Arroyo on Monday 4 July swore into office Amado Tetangco Jr. as the new chief of the central bank.
Interview with BSP's Tetangco
In an interview published on Friday July 1, Amando Tetangco, who takes over formally as governor of the Philippines central bank on Monday, said his move into the governor's seat won't result in major policy changes "because it's basically a continuation…
New members of BSP's Monetary Board named
President Gloria Macapagal-Arroyo of the Philippines has announced the appointment of three new members to the Monetary Board, the policy-making body of the central bank.
IMF and Philippines central bank host seminar
A seminar on capital market reform and government bond market development in the Philippines was held on May 10, 2005 in Manila. The seminar was hosted jointly by Bangko Sentral ng Pilipinas (BSP) and the International Monetary Fund.
BSP likely to hold rates steady, says Tetangco
The Philippines central bank will likely keep its benchmark overnight interest rates unchanged during its policy meeting on Thursday 5 May , despite the quarter percentage point hike in US interest rates, deputy governor and officer-in-charge Amando…
BSP deputy governor Reyes retires
Bangko Sentral ng Pilipinas deputy governor Alberto V. Reyes retired from his post as head of the Supervision and Examination Sector this week, a post he had held for ten years.
Philippines makes Greenspan's job look easy
This article published on Monday 11 April looks at the changeover taking place in July when deputy governor Amando Tetangco replaces Rafael Buenaventura as governor at the Philippine central bank. Tetangco sees his tenure as being about "fusing…
Philippines' Tetangco on the future of the peso
In an interview published this week, Bangko Sentral ng Pilipinas Deputy Governor Amando Tetangco said looking at the fundamentals and technical signs, the peso is poised for further appreciation. Tetangco was recently named as the replacement for…
BSP's Buenaventura on cornerstones of excellence
In the speech 'Strengthening the cornerstones of excellence' given on 10 January (published 25 Feb), Rafael Buenaventura of the Central Bank of the Philippines said when he turns over the reigns of leading the central bank in July this year, he is…
ASEAN currency swap deal extended
Central bankers from the Association of Southeast Asian Nations signed an agreement on Thursday 24 February to extend until 2006 a currency swap deal intended to help ASEAN members experiencing international liquidity problems.