The Philippine Space Agency (PhilSA) and the Bangko Sentral ng Pilipinas (BSP) have entered into a partnership to integrate space science and technology into the country’s economic and financial analysis.

The collaboration was formalised through a Memorandum of Agreement (MOA) signed on 27 January 2026 by PhilSA Director General Gay Jane P. Perez and BSP Assistant Governor Pia Bernadette R. Tayag.

This initiative aims to support the BSP’s mandate of maintaining monetary and financial stability by utilising space-derived data and geospatial tools.

The agencies will use these technologies to assess climate risks, evaluate the impact of disasters, and monitor socio-economic indicators.

The objective is to better anticipate risks arising from climate change, particularly their potential effects on inflation and economic resilience.

“Space science and banking, or finance, may appear to operate in different domains, yet both are ultimately concerned with stability,” said PhilSA Director General Perez.

She noted that understanding climate-related risks requires consistent and forward-looking information, which space technology can provide.

Under the agreement, the agencies will develop data systems to convert geospatial and environmental information into actionable financial intelligence.

The partnership also includes joint research and capacity-building programmes to train BSP personnel in satellite data analytics.

This initiative builds upon a foundational workshop on Geographic Information Systems held in April 2025.

BSP Assistant Governor, Pia Bernadette R. Tayag​ highlighted the practical applications of the deal.

“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,” she explained.

PhilSA will provide the necessary technical expertise and data to help identify environmental hazards.

Featured image by the Philippine Space Agency.