Bangko Sentral ng Pilipinas

Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona (left) administered the oath of office to Atty. Elmore O. Capule (right) as the new BSP Deputy Governor for the Corporate Services Sector on 10 October 2024 at the BSP Head Office in Manila. Atty. Capule was promoted after being designated as Senior Assistant Governor in 2019 in recognition of his accomplishments and consistently exemplary performance. He was initially appointed as Head of the Office of the General Counsel and Legal Services in 2013 and became Assistant Governor in 2016. The new deputy governor placed third in the 1987 Bar Examinations and joined the central bank as bank attorney in 1994. Get to know DG Capule here: https://lnkd.in/gbwnsfMJ #BSP #BSPUpdates

Monetary Board Member (MBM) Rosalia V. De Leon has emphasized that a deep capital market supports Bangko Sentral ng Pilipinas' (BSP) mandates to promote price stability and the soundness of the financial system. She said the BSP is collaborating with the industry to strengthen the benchmarks for pricing loans and investments as well as to widen Filipino investors' access to corporate bonds. A developed capital market enhances the monetary policy transmission mechanism, allowing interest rates to impact real economic activity and inflation. Additionally, it helps businesses raise funds beyond bank borrowings and provides more options for Filipino investors. #BSP #BSPUpdates

In Photos: The Bangko Sentral ng Pilipinas (BSP) continued its learning sessions with members of the press as it conducted its Media Information Session for the Central Luzon media in Cabanatuan City in Nueva Ecija on 30 August 2024. The MIS is a capacity-building seminar for members of the press and government information officers to help them understand and appreciate BSP’s role in the economy. Topics discussed during the MIS were basic central banking concepts, BSP’s digitalization efforts, and the Financial Products and Services Consumer Protection Act. #BSP #BSPUpdates #MIS

READ: Q&A with Bangko Sentral ng Pilipinas Governor Eli M. Remolona, Jr. Global Finance magazine interviewed BSP Governor Remolona about cutting rates, its credit growth, and its pursuit of sustainable economic development. https://lnkd.in/gFp2cvPt

The Financial Inclusion Steering Committee (FISC) chaired by the Bangko Sentral ng Pilipinas (BSP) launched the FISC website. A one-stop-shop platform that aims to promote a wider appreciation of financial inclusion as a national development agenda. “This platform will bring our efforts together to execute the National Strategy for Financial Inclusion (NSFI) to a broader audience,” said BSP Governor Eli M. Remolona, Jr. “We hope the information and stories on the website inspire everyone—those who need it and those who can help provide it—to work together to advance the whole country's journey toward financial inclusion and financial health,” the Governor added. Visit: https://lnkd.in/geqPDmu4 #KabilangAko #FinancialInclusion

IN PHOTOS: Pinangunahan ni Dumaguete City Mayor Felipe Antonio B. Remollo at Bangko Sentral ng Pilipinas (BSP) Visayas Regional Director Anna Clara M. Oville ang paglunsad ng Paleng-QR Ph Plus sa Dumaguete City Public Market noong 25 September 2024. Isinusulong ng Paleng-QR Ph Plus ang digital payments sa palengke, pampublikong transportasyon at iba pang business establishments gamit ang QR Ph, ang national standard para sa quick response (QR) codes. Isinagawa rin ng BSP at Perpetual Help Community Cooperative, isang Currency Exchange Partner, ang Piso Caravan, kung saan pinalitan ang marurumi o sira-sirang pera ng fit currency o e-wallet credits. Tumulong naman ang financial service providers sa mga residente na makapagbukas ng accounts na magagamit sa digital transactions. #LetsGetDigitALL #QRPh #BSP #BSPUpdates

The Financial Inclusion website, developed by the Financial Inclusion Steering Committee, is a one-stop shop for financial inclusion news and resources, making relevant economic and financial information accessible to consumers, industry players, regulators, and other stakeholders supporting the effective implementation of the National Strategy for Financial Inclusion. The public can also submit blog posts or videos to share their stories related to financial inclusion. Financial inclusion is a state where everyone, especially the vulnerable sectors, has effective access to a wide range of financial services. Visit: https://lnkd.in/geqPDmu4 #KabilangAko #FinancialInclusion

DINGALAN, AURORA, PALENG-QR PH PLUS READY NA!    Inilunsad na sa Dingalan, Aurora ang Paleng-QR Ph Plus kung saan isinusulong ang paggamit ng QR Ph sa mga palengke, pampublikong sasakyan at iba pang negosyo sa munisipalidad.     Idinaos ang paglulunsad noong ika-19 ng Setyembre 2024 sa Municipal Building ng Dingalan. Pinangunahan ito nina  Mayor Shierwin H. Taay at Bangko Sentral ng Pilipinas (BSP) Cabanatuan Branch Area Director Olivia B. Cornejo-Mallari.    Dumalo rin ang mga kinatawan ng mga bangko at iba pang financial service providers na tumulong sa pagbukas ng mga bank o e-wallet account na magagamit sa QR Ph transactions.    Nagsagawa rin ang BSP ng Piso Caravan kung saan pinalitan ang mga marurumi (unfit) at sira-sirang (mutilated) pera ng malinis (fit) na pera o e-wallet credits.    Bisitahin ang Paleng-QR Ph Plus Program webpage para sa dagdag na impormasyon tungkol sa programa: https://bit.ly/PalengQRph    Sa kasalukuyan, mahigit 130 local government units na ang naglunsad ng Paleng-QR Ph Plus.    #KabilangAko   #PayWithQRPh   #LetsGetDigitALL   #PalengQRPhPlus 

Want to know more about the BSP and its recent accomplishments for the Filipinos? Understand how the central bank works for the economy and its people by reading the Within Reach: The 2023 Annual Report of the BSP for the Filipino People. Scan the QR code or click the link to get a copy: https://lnkd.in/gVY-K-un #BSP #BSPUpdates

On 7 October 2024, Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona, Jr. and Bank of Thailand (BOT) Governor Sethaput Suthiwartnarueput led the BSP-BOT High-Level Bilateral Meeting to exchange views and strengthen cooperation on various areas of central banking. Officials from both central banks discussed and shared insights on the role of central banks in capital market development, payment systems development, and artificial intelligence (AI) use cases. Issues discussed include the role of central banks in the development of the capital market, its drivers and challenges; approaches in digital payments, and measures for fraud prevention and consumer protection; and AI use cases in monetary policy, along with measures in mitigating potential risks. The BSP and BOT also explored potential collaborative activities moving forward, such as study visits and webinars, to further broaden and enhance their longstanding cooperation and bilateral ties. https://lnkd.in/gJdJhqwZ #BSP #BSPUpdates