BDO net income up 6.49% to PHP 19.7 billion in Q1 2025
BDO UNIBANK, Inc.'s net income increased by 6.49% to PHP 19.7 billion in the first quarter of 2025 compared to the same period in 2024.
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Bangko Sentral ng Pilipinas
Also known as BSP
The Bangko Sentral ng Pilipinas (BSP) manages the country's monetary policy, focusing on maintaining low inflation and supporting economic growth. Recently, the BSP cut interest rates to support the economy amid global uncertainties, with plans for further reductions this year. The central bank also expanded foreign exchange hedging options and drafted regulations to lower e-fund transfer fees, aiming to promote financial inclusion and digital payments in the Philippines.
This is an AI-generated summary based on recent coverage.
Last updated at April 25, 2025.
Recent stories about BSP
Gov issues ₱300B FXTNs a day early, exceeds P3B target
The government successfully issued P300 billion worth of new 10-year fixed-rate Treasury notes (FXTNs) a day ahead of schedule on April 24, exceeding the initial target of P30 billion.
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PESONet, InstaPay transactions surge 39% year-over-year to ₱5.29T
Digital payment transactions via PESONet and InstaPay surged by nearly 39 percent year-over-year to ₱5.29 trillion as of end-March, up from ₱3.81 trillion in the same period last year.
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Philippine GDP grows 6% Q1, inflation at 1.8%
The University of Asia and the Pacific (UA&P) projects that the Philippine economy grew by six percent in the first quarter, slightly below its earlier forecast due to concerns over US President Donald J. Trump's aggressive tariff policy.
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PSEi rises 0.05% as investors return from Lenten break
The Philippine Stock Exchange Index (PSEi) inched higher on Monday, rising by 0.05% or 3.38 points to close at 6,138.
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Philippines records $2B BOP deficit in March
The Philippines recorded a $2 billion balance of payments (BOP) deficit in March this year, reversing the $1.2 billion surplus in March 2024.
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BSP launches 'BSP Mobile' app to enhance financial access
The Bangko Sentral ng Pilipinas (BSP) officially launched its 'BSP Mobile' app last April 14, aiming to make financial information and services more accessible to Filipinos and investors.
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BSP, IFC sign pact to boost MAF for MSMEs and agriculture
The Bangko Sentral ng Pilipinas (BSP) and International Finance Corp., a member of the World Bank Group, signed an agreement on March 17, 2025, to develop the country's movable finance market.
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Cash remittances up 2.7% to $2.72B in Feb
Overseas Filipino workers contributed to a 2.7% year-on-year increase in cash remittances through formal channels to $2.72 billion in February, according to data released by the Bangko Sentral ng Pilipinas (BSP) on Tuesday.
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Financial system grows by over seven pct to ₱33.61T
As of February 2025, the Philippine financial system's total resources expanded to ₱33.61 trillion, marking a growth of over seven percent compared to ₱31.33 trillion in 2024.
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