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Keisha Ta-Asan
Keisha Ta-Asan
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BSP bares new framework for merchant payment scheme
by Keisha Ta-Asan - July 27, 2024 - 12:00am
The Bangko Sentral ng Pilipinas (BSP) has finalized a regulatory framework for merchant payment acceptance activities (MPAA), ramping up its digitalization and financial inclusion initiatives.
China Bank Savings nets P1 billion in first half 
by Keisha Ta-Asan - July 27, 2024 - 12:00am
The thrift banking arm of Sy-led China Banking Corp. saw its net income jump by 18 percent to P1 billion in the first half from P849 million in the same period a year ago, on the back of robust growth in assets and...
Inflation may ease in 2025, 2026 – economists
by Keisha Ta-Asan - July 27, 2024 - 12:00am
Private sector economists and external analysts cut their inflation forecasts for 2025 and 2026, with the rate expected to stay within the two to four percent target range of the Bangko Sentral ng Pilipinas (BSP)...
BSP to launch new payment streams
by Keisha Ta-Asan - July 25, 2024 - 12:00am
The Bangko Sentral ng Pilipinas will deploy its Request to Pay and Direct Debit facilities this year and in 2025 to further drive digital payments adoption in the country.
RCBC launches new auto loan
by Keisha Ta-Asan - July 25, 2024 - 12:00am
Rizal Commercial Banking Corp. has launched a new auto loan product as part of the bank’s strategic initiative to grow its consumer lending portfolio.
BDO sells P55.7 billion ASEAN bonds
by Keisha Ta-Asan - July 25, 2024 - 12:00am
BDO Unibank Inc. raised P55.7 billion from its recent bond issuance, as retail and institutional investors swarmed the bank’s third foray into the ASEAN sustainability bond market.
Visa: 75% of remittances now sent via digital means
by Keisha Ta-Asan - July 25, 2024 - 12:00am
The Philippines achieved a digital remittances adoption rate of 75 percent this year, making it the third highest out of 20 countries in terms of sending and receiving money abroad digitally, according to Visa.
BSP-issued digital currencies likely by 2029
by Keisha Ta-Asan - July 25, 2024 - 12:00am
The Bangko Sentral ng Pilipinas is on track to issue its wholesale central bank digital currency by 2029, or within the six-year term of BSP Governor Eli Remolona Jr.
BSP fully automates intraday settlement facility
by Keisha Ta-Asan - July 24, 2024 - 12:00am
The Bangko Sentral ng Pilipinas has fully automated the intraday settlement facility, making it available for all eligible financial institutions that encounter timing discrepancies in settling transactions through...
Digital payments account for 53% of retail transactions in 2023
by Keisha Ta-Asan - July 24, 2024 - 12:00am
The share of digital payments to total retail transactions jumped to 52.8 percent in 2023 from 42.1 percent in 2022, slightly exceeding the Bangko Sentral ng Pilipinas goal of 50 percent, as more Filipinos use online...
CCAP to streamline credit card terms
by Keisha Ta-Asan - July 23, 2024 - 12:00am
Issuers are looking to simplify common and complex credit card terminologies to better connect regulatory jargon with everyday understanding and enhance literacy, according to the Credit Card Association of the...
Foreign borrowings jump 43% in Q2
by Keisha Ta-Asan - July 23, 2024 - 12:00am
The Philippines continued to borrow more from offshore creditors as foreign borrowings approved by the Bangko Sentral ng Pilipinas surged by 43 percent to $3.9 billion in the second quarter.
BSP upholds commitment to truth and integrity
by Keisha Ta-Asan - July 22, 2024 - 12:00am
In a time when economic stability hinges on central banks’ policy decisions, the Bangko Sentral ng Pilipinas (BSP) continues to uphold its commitment to truth and transparency in its operations.
BSP to expand cyber resilience efforts, further explore AI
by Keisha Ta-Asan - July 22, 2024 - 12:00am
The Bangko Sentral ng Pilipinas (BSP) will be launching its Financial Services Cyber Resilience Plan for 2024 to 2029 next month to promote coordinated response mechanisms and active information sharing regarding...
BSP monitors impact of tech outage
by Keisha Ta-Asan - July 21, 2024 - 12:00am
The Bangko Sentral ng Pilipinas is closely monitoring the impact of the global Microsoft and Crowdstrike outage, as some financial institutions have experienced disruptions.
BSP expectsapproval of AFASA bill soon
by Keisha Ta-Asan - July 20, 2024 - 12:00am
The Bangko Sentral ng Pilipinas (BSP) is expecting the Senate to sign into law the Anti-Financial Account Scamming Act (AFASA) in July, possibly this weekend or next week, according to an official.
BOP deficit narrows to $155 million in June
by Keisha Ta-Asan - July 20, 2024 - 12:00am
The Philippines recorded a balance of payments (BOP) deficit of $155 million in June, nearly 75 percent lower than the $606 million shortfall recorded in the same month last year, according to the Bangko Sentral...
Thrift banks poised for growth amid evolving opportunities
by Keisha Ta-Asan - July 19, 2024 - 3:29pm
Chamber of Thrift Banks (CTB) president Cecilio “Paul” San Pedro said these thrift banks are adapting swiftly to capitalize on new trends and technological advancements amid changing consumer behavi...
Philippines compliance with FATF action plans likely this year
by Keisha Ta-Asan - July 19, 2024 - 12:00am
The Anti-Money Laundering Council is optimistic that the Philippines will complete all three remaining action items from the Financial Action Task Force this year, triggering the country’s exit from the FATF’s...
Up to P1 million fine set for faulty reporting on forex trades – BSP
by Keisha Ta-Asan - July 18, 2024 - 12:00am
The Bangko Sentral ng Pilipinas has implemented new reporting guidelines and penalty provisions for foreign exchange transactions, which include imposing a penalty of P1 million for each violation.
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