BUSINESS
Advocates Philippines
BSP, PhilSA Team Up For Space-Powered Financial Risk Monitoring
Photo credit: BSP
MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) and the Philippine Space Agency (PhilSA) have joined forces to bring satellite technology into the country’s financial risk monitoring, marking a major step toward strengthening climate resilience and economic stability.
The partnership was formalized through a memorandum of agreement (MOA) signed on Jan. 27, 2026 by BSP Assistant Governor Pia Bernadette R. Tayag and PhilSA Director General Dr. Gay Jane P. Perez. The collaboration will use space science and geospatial data to help assess climate and environmental risks that may affect the country’s financial system and broader economy.
According to BSP Assistant Governor Pia Bernadette R. Tayag, “The MOA reflects how we view resilience-building in the financial system: It requires good governance, strong coordination, and better data—supported by technology that helps institutions act earlier and smarter. This innovation improves preparedness across the economy and the financial sector.”
Through the agreement, satellite imagery and other space-derived data will be integrated into BSP’s economic and financial analysis. These tools can help identify hazard-prone areas, evaluate disaster impacts, and monitor socio-economic trends that may influence inflation, lending risks, and overall financial stability.
Officials said the partnership also includes joint research programs and capacity-building initiatives to train BSP personnel in using geospatial analytics and remote sensing for policy analysis and risk assessment. The collaboration builds on earlier efforts between the two agencies, including training workshops on geographic information systems and remote sensing.
PhilSA emphasized that climate and environmental risks are increasingly linked to economic performance, making accurate and forward-looking data critical for timely decision-making. The agency will provide technical expertise and standardized space-based information that can be integrated into BSP systems for faster and more informed responses to emerging risks.
The agreement is part of the Philippines’ broader push to use space technology across sectors—from agriculture and infrastructure monitoring to disaster risk management—as the country works to strengthen resilience against climate change and natural hazards.
With the new partnership, both agencies aim to harness the “unique vantage point of space” to better anticipate risks, protect communities, and ensure a more sustainable and resilient financial future for the country.
The partnership was formalized through a memorandum of agreement (MOA) signed on Jan. 27, 2026 by BSP Assistant Governor Pia Bernadette R. Tayag and PhilSA Director General Dr. Gay Jane P. Perez. The collaboration will use space science and geospatial data to help assess climate and environmental risks that may affect the country’s financial system and broader economy.
According to BSP Assistant Governor Pia Bernadette R. Tayag, “The MOA reflects how we view resilience-building in the financial system: It requires good governance, strong coordination, and better data—supported by technology that helps institutions act earlier and smarter. This innovation improves preparedness across the economy and the financial sector.”
Through the agreement, satellite imagery and other space-derived data will be integrated into BSP’s economic and financial analysis. These tools can help identify hazard-prone areas, evaluate disaster impacts, and monitor socio-economic trends that may influence inflation, lending risks, and overall financial stability.
Officials said the partnership also includes joint research programs and capacity-building initiatives to train BSP personnel in using geospatial analytics and remote sensing for policy analysis and risk assessment. The collaboration builds on earlier efforts between the two agencies, including training workshops on geographic information systems and remote sensing.
PhilSA emphasized that climate and environmental risks are increasingly linked to economic performance, making accurate and forward-looking data critical for timely decision-making. The agency will provide technical expertise and standardized space-based information that can be integrated into BSP systems for faster and more informed responses to emerging risks.
The agreement is part of the Philippines’ broader push to use space technology across sectors—from agriculture and infrastructure monitoring to disaster risk management—as the country works to strengthen resilience against climate change and natural hazards.
With the new partnership, both agencies aim to harness the “unique vantage point of space” to better anticipate risks, protect communities, and ensure a more sustainable and resilient financial future for the country.
Feb 12, 2026
We are dedicated storytellers with a passion for bringing your brand to life. Our services range from news and media features to brand promotion and collaborations.
Interested? Visit our
Contact Us page for more information. To learn more about what we offer, check out our latest article on services and opportunities.
