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                    [Title] => Debt service burden rises 20 percent to $14.5 billion
                    [Summary] => The country’s external debt service burden increased in the 10 months to October 2024 as foreign debt hit an all-time high of $139.64 billion in the third quarter, the Bangko Sentral ng Pilipinas (BSP) said.
                    [DatePublished] => 2025-01-20 00:00:00
                    [ColumnID] => 0
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                    [AuthorID] => 1808134
                    [AuthorName] => Keisha Ta-Asan
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                    [ArticleID] => 2414436
                    [Title] => OFW personal remittances hit $3.12 billion in November 2024
                    [Summary] => In a statement released on Wednesday, January 15, the central bank said that OFW remittances grew by 3.5% in November 2024 compared with the $3.02 billion recorded in November 2023. 
                    [DatePublished] => 2025-01-15 17:01:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1807953
                    [AuthorName] => Ian Laqui
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2025/01/15/philippine-peso-dollar_2025-01-15_17-01-36459_thumbnail.jpg
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                    [ArticleID] => 2414189
                    [Title] => UBS shuts down representative office in Philippines
                    [Summary] => Swiss banking giant UBS AG has officially closed its representative office in the Philippines, the Bangko Sentral ng Pilipinas (BSP) announced.
                    [DatePublished] => 2025-01-15 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1808134
                    [AuthorName] => Keisha Ta-Asan
                    [SectionName] => Business
                    [SectionUrl] => business
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                    [ArticleID] => 2413500
                    [Title] => ‘Philippines banks poised for growth, innovation in 2025 and beyond’
                    [Summary] => The Bangko Sentral ng Pilipinas expressed confidence in the banking system’s resilience and potential, highlighting the industry’s strong performance in 2024 and its optimistic outlook for the years ahead.
                    [DatePublished] => 2025-01-12 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1808134
                    [AuthorName] => Keisha Ta-Asan
                    [SectionName] => Business
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                    [ArticleID] => 2413279
                    [Title] => BSP considering subscription fee on digital transactions
                    [Summary] => The Bangko Sentral ng Pilipinas is considering a fixed subscription fee model for digital transactions as an alternative to the current per-transaction fee structure, according  to BSP Governor Eli Remolona Jr.
                    [DatePublished] => 2025-01-11 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1808134
                    [AuthorName] => Keisha Ta-Asan
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2025/01/10/9_2025-01-10_18-36-51723_thumbnail.jpg
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                    [ArticleID] => 2413287
                    [Title] => FDI inflow hits $1.02 billion in October
                    [Summary] => The net inflow of foreign direct investments (FDI) surged by 50.2 percent to hit an eight-month high of $1.02 billion in October last year from $681 million in the same month in 2023, according to the Bangko Sentral ng Pilipinas (BSP).
                    [DatePublished] => 2025-01-11 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1808134
                    [AuthorName] => Keisha Ta-Asan
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                    [ArticleID] => 2412713
                    [Title] => December headline inflation 'quickened' to 2.9%
                    [Summary] => The Philippine Statistics Authority released its December Consumer Price Index data and revealed that headline prices were up 2.9% y/y from December 2023, and up 0.5% from the previous month
                    [DatePublished] => 2025-01-08 08:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Stock Commentary
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                    [Title] => BSP bullish on economic growth this year
                    [Summary] => The Bangko Sentral ng Pilipinas (BSP) is optimistic about the country’s growth prospects this year, driven by lower inflation, strong domestic spending, lower borrowing costs and a resilient banking system.
                    [DatePublished] => 2025-01-06 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1808134
                    [AuthorName] => Keisha Ta-Asan
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2025/01/05/5_2025-01-05_17-43-57710_thumbnail.jpg
                )

            [8] => Array
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                    [ArticleID] => 2412059
                    [Title] => BSP lifts ban on new e-money licenses
                    [Summary] => The Bangko Sentral ng Pilipinas (BSP) has lifted its moratorium on applications for new electronic money issuers for non-bank financial institutions (EMI-NBFIs), effective Dec. 16, 2024.
                    [DatePublished] => 2025-01-06 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1808134
                    [AuthorName] => Keisha Ta-Asan
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                    [ArticleID] => 2411656
                    [Title] => BSP sees lower BOP surplus in 2024
                    [Summary] => The country’s 2024 balance of payments (BOP) surplus is expected to decline compared to a year ago amid slower economic growth and persistent geopolitical tensions, according to the Bangko Sentral ng Pilipinas.
                    [DatePublished] => 2025-01-04 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1808134
                    [AuthorName] => Keisha Ta-Asan
                    [SectionName] => Business
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                    [URL] => https://media.philstar.com/photos/2025/01/03/1_2025-01-03_19-34-1735_thumbnail.jpg
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Bangko Sentral ng Pilipinas

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                    [Title] => Debt service burden rises 20 percent to $14.5 billion
                    [Summary] => The country’s external debt service burden increased in the 10 months to October 2024 as foreign debt hit an all-time high of $139.64 billion in the third quarter, the Bangko Sentral ng Pilipinas (BSP) said.
                    [DatePublished] => 2025-01-20 00:00:00
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                    [Title] => OFW personal remittances hit $3.12 billion in November 2024
                    [Summary] => In a statement released on Wednesday, January 15, the central bank said that OFW remittances grew by 3.5% in November 2024 compared with the $3.02 billion recorded in November 2023. 
                    [DatePublished] => 2025-01-15 17:01:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1807953
                    [AuthorName] => Ian Laqui
                    [SectionName] => Business
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                    [URL] => https://media.philstar.com/photos/2025/01/15/philippine-peso-dollar_2025-01-15_17-01-36459_thumbnail.jpg
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                    [ArticleID] => 2414189
                    [Title] => UBS shuts down representative office in Philippines
                    [Summary] => Swiss banking giant UBS AG has officially closed its representative office in the Philippines, the Bangko Sentral ng Pilipinas (BSP) announced.
                    [DatePublished] => 2025-01-15 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1808134
                    [AuthorName] => Keisha Ta-Asan
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                    [ArticleID] => 2413500
                    [Title] => ‘Philippines banks poised for growth, innovation in 2025 and beyond’
                    [Summary] => The Bangko Sentral ng Pilipinas expressed confidence in the banking system’s resilience and potential, highlighting the industry’s strong performance in 2024 and its optimistic outlook for the years ahead.
                    [DatePublished] => 2025-01-12 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1808134
                    [AuthorName] => Keisha Ta-Asan
                    [SectionName] => Business
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                )

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                    [ArticleID] => 2413279
                    [Title] => BSP considering subscription fee on digital transactions
                    [Summary] => The Bangko Sentral ng Pilipinas is considering a fixed subscription fee model for digital transactions as an alternative to the current per-transaction fee structure, according  to BSP Governor Eli Remolona Jr.
                    [DatePublished] => 2025-01-11 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1808134
                    [AuthorName] => Keisha Ta-Asan
                    [SectionName] => Business
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                    [URL] => https://media.philstar.com/photos/2025/01/10/9_2025-01-10_18-36-51723_thumbnail.jpg
                )

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                    [ArticleID] => 2413287
                    [Title] => FDI inflow hits $1.02 billion in October
                    [Summary] => The net inflow of foreign direct investments (FDI) surged by 50.2 percent to hit an eight-month high of $1.02 billion in October last year from $681 million in the same month in 2023, according to the Bangko Sentral ng Pilipinas (BSP).
                    [DatePublished] => 2025-01-11 00:00:00
                    [ColumnID] => 0
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                    [AuthorID] => 1808134
                    [AuthorName] => Keisha Ta-Asan
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                    [ArticleID] => 2412713
                    [Title] => December headline inflation 'quickened' to 2.9%
                    [Summary] => The Philippine Statistics Authority released its December Consumer Price Index data and revealed that headline prices were up 2.9% y/y from December 2023, and up 0.5% from the previous month
                    [DatePublished] => 2025-01-08 08:00:00
                    [ColumnID] => 0
                    [Focus] => 1
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                )

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                    [ArticleID] => 2412057
                    [Title] => BSP bullish on economic growth this year
                    [Summary] => The Bangko Sentral ng Pilipinas (BSP) is optimistic about the country’s growth prospects this year, driven by lower inflation, strong domestic spending, lower borrowing costs and a resilient banking system.
                    [DatePublished] => 2025-01-06 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1808134
                    [AuthorName] => Keisha Ta-Asan
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2025/01/05/5_2025-01-05_17-43-57710_thumbnail.jpg
                )

            [8] => Array
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                    [ArticleID] => 2412059
                    [Title] => BSP lifts ban on new e-money licenses
                    [Summary] => The Bangko Sentral ng Pilipinas (BSP) has lifted its moratorium on applications for new electronic money issuers for non-bank financial institutions (EMI-NBFIs), effective Dec. 16, 2024.
                    [DatePublished] => 2025-01-06 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1808134
                    [AuthorName] => Keisha Ta-Asan
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2025/01/05/3_2025-01-05_17-48-05533_thumbnail.jpg
                )

            [9] => Array
                (
                    [ArticleID] => 2411656
                    [Title] => BSP sees lower BOP surplus in 2024
                    [Summary] => The country’s 2024 balance of payments (BOP) surplus is expected to decline compared to a year ago amid slower economic growth and persistent geopolitical tensions, according to the Bangko Sentral ng Pilipinas.
                    [DatePublished] => 2025-01-04 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1808134
                    [AuthorName] => Keisha Ta-Asan
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2025/01/03/1_2025-01-03_19-34-1735_thumbnail.jpg
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abtest

Debt service burden rises 20 percent to $14.5 billion

By Keisha Ta-Asan | 1 day ago

The country’s external debt service burden increased in the 10 months to October 2024 as foreign debt hit an all-time...

Business

OFW personal remittances hit $3.12 billion in November 2024

By Ian Laqui | 6 days ago

In a statement released on Wednesday, January 15, the central bank said that OFW remittances grew by 3.5% in November 2024...

Business

UBS shuts down representative office in Philippines

By Keisha Ta-Asan | 6 days ago

Swiss banking giant UBS AG has officially closed its representative office in the Philippines, the Bangko Sentral ng Pilipinas (BSP) announced.

Business

‘Philippines banks poised for growth, innovation in 2025 and beyond’

By Keisha Ta-Asan | 9 days ago

The Bangko Sentral ng Pilipinas expressed confidence in the banking system’s resilience and potential, highlighting...

Business

BSP considering subscription fee on digital transactions

By Keisha Ta-Asan | 10 days ago

The Bangko Sentral ng Pilipinas is considering a fixed subscription fee model for digital transactions as an alternative to...

Business

FDI inflow hits $1.02 billion in October

By Keisha Ta-Asan | 10 days ago

The net inflow of foreign direct investments (FDI) surged by 50.2 percent to hit an eight-month high of $1.02 billion in October...

Business

December headline inflation 'quickened' to 2.9%

13 days ago

The Philippine Statistics Authority released its December Consumer Price Index data and revealed that headline prices...

Stock Commentary

BSP bullish on economic growth this year

By Keisha Ta-Asan | January 6, 2025 - 12:00am

The Bangko Sentral ng Pilipinas (BSP) is optimistic about the country’s growth prospects this year, driven by lower...

Business

BSP lifts ban on new e-money licenses

By Keisha Ta-Asan | January 6, 2025 - 12:00am

The Bangko Sentral ng Pilipinas (BSP) has lifted its moratorium on applications for new electronic money issuers for non-bank...

Business

BSP sees lower BOP surplus in 2024

By Keisha Ta-Asan | January 4, 2025 - 12:00am

The country’s 2024 balance of payments (BOP) surplus is expected to decline compared to a year ago amid slower economic...

Business