Posted by:
Philippine Space Agency
30 January 2026
(L-R) PhilSA Deputy Director General for Space Operations, Infrastructure and Industry Denis F. Villorente; PhilSA Director General Gay Jane P. Perez, Ph.D.; BSP Assistant Governor Pia Bernadette R. Tayag; and BSP Sustainability Office Director Ellen Joyce L. Suficiencia signal the Memorandum of Agreement for Collaboration in Space Science and Technology Application.
The Philippine Space Agency (PhilSA) and the Bangko Sentral ng Pilipinas (BSP) have partnered to reinforce financial and monetary evaluation by area science and expertise functions (SSTA). This was formalized by the signing of a Memorandum of Agreement (MOA) by PhilSA Director General Gay Jane P. Perez, Ph.D. and BSP Assistant Governor Pia Bernadette R. Tayag on 27 January 2026.
This partnership helps BSP’s core mandates in financial coverage and monetary supervision by making use of space-derived information and geospatial instruments. These area applied sciences assist assess local weather and environmental dangers, consider catastrophe impacts, and monitor socio-economic elements. Through this, the BSP can improve the nation’s monetary stability and higher anticipate dangers that come up from local weather change, together with their results on inflation and general financial resilience.
PhilSA Director General Gay Jane P. Perez, Ph.D. delivers an encouraging message for the partnership to be grounded on robust information, knowledgeable coverage, and coordinated motion that goals in direction of a extra resilient and sustainable future.
“Space science and banking, or finance, may appear to operate in different domains, yet both are ultimately concerned with stability. Climate and environment-related risks increasingly affect economic activity, financial systems, and the welfare of communities. Understanding these risks and responding to them in a timely and informed manner depends on access to consistent, objective, and forward-looking information. This is where space science and technology can add value,” PhilSA Director General Perez mentioned.
Under the settlement, the 2 companies will develop information programs and strategies to combine geospatial, local weather, environmental, and socio-economic data into actionable monetary intelligence. They may also conduct joint analysis and capacity-building applications to capacitate BSP personnel with the talents to make use of satellite tv for pc information and geospatial analytics for monetary danger evaluation and coverage evaluation. This expands upon the foundational “Introduction to Geographic Information System and Remote Sensing” workshop that PhilSA collectively organized with BSP in April 2025.
BSP Assistant Governor Pia Bernadette R. Tayag explains how the PhilSA and BSP groups will determine precedence use circumstances, capacity-build, and strengthen the pipeline of functions following the signing of the MOA.
“This MOA enables practical collaboration on how information will be shared and used. Space-derived observations such as satellite imagery can show where the hazards are emerging, which areas are most affected during extreme-weather events, and where economic impacts may be concentrated. This supports a clear view of physical risk exposures that can strengthen timelier and risk-responsive decisions,” BSP Assistant Governor Tayag mentioned.
PhilSA will additionally present technical experience and space-derived information to assist determine environmental dangers, assess hazards, and analyze potential impacts on the economic system. Ultimately, this can be standardized and built-in into BSP programs.
Joining the signing have been PhilSA Deputy Director General for Space Operations, Infrastructure and Industry Denis F. Villorente and BSP Sustainability Office Director Ellen Joyce L. Suficiencia.
Through this partnership, the distinctive vantage level of area can be harnessed to foster better financial stability and resilience for the Philippines.
About PhilSA
The Philippine Space Agency (PhilSA) is the central authorities company of the Philippines that plans, develops, and promotes the nationwide area program in step with the Philippine Space Policy. Created in August 2019 underneath Republic Act No. 11363 (‘The Philippine Space Act’), PhilSA is an connected company of the Office of the President of the Philippines for functions of coverage and program coordination and to make sure alignment in nationwide insurance policies and priorities.
About BSP
The Bangko Sentral ng Pilipinas (BSP) is the central financial institution of the Republic of the Philippines. It was established on 3 July 1993 pursuant to the provisions of the 1987 Philippine Constitution and the New Central Bank Act of 1993. The BSP took over from Central Bank of Philippines, which was established on 3 January 1949, because the nation’s central financial authority. The BSP enjoys fiscal and administrative autonomy from the National Government within the pursuit of its mandated tasks.