Money
IMF, Argentina reach staff-level accord to unlock $4.03b in funds
WASHINGTON, United States—The International Monetary Fund announced Wednesday that it had reached a staff-level agreement with Argentina on the first...
Foreign reserves fell to $103b in May
The country’s gross international reserves fell to $103.53 billion at the end of May from $105.4 billion in April on...
Fed’s Brainard says pausing interest rate increases in September unlikely
Washington, United States—The vice chair of the US Federal Reserve said Thursday there is currently no reason to consider pausing...
BSP retains interest rate cap of 2% on credit cards
The Monetary Board, the policy-making body of the Bangko Sentral ng Pilipinas, said Tuesday it maintained the interest rate cap...
ADB approves $400-m funding to deepen local capital markets
The Asian Development Bank said Monday it approved a $400-million (P20.8 billion) policy-based loan to help the Philippine government deepen...
Bangko Sentral registers 19% growth in basic deposit accounts
The Bangko Sentral ng Pilipinas on Monday reported a double-digit increase in the number of basic deposit accounts in the...
BSP allows travelers to fill out currency declaration forms online
The Monetary Board, the policy-making body of the Bangko Sentral ng Pilipinas, approved further amendments to foreign exchange regulations to...
April budget surplus reached P4.9B
The government posted a budget surplus of P4.9 billion in April, a reversal of the P44.4-billion deficit a year ago,...
Hot money yields $1.4B net inflows
Foreign portfolio investments or hot money yielded net inflows of $1.4 billion out of the $2.2 billion gross inflows and...
Tetrix Network launches ‘Pitaka’ crypto wallet
Tetrix Network, the Filipino-made interconnected ecosystem that bridges the gap between blockchains, announced the launch of its new and improved...
Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.