BSP tightens crackdown vs money counterfeiters
The Bangko Sentral ng Pilipinas has intensified its anti-counterfeiting operations, leading to the confiscation of more than P35 million worth of fake banknotes since 2010......»»
BSP onboards 1st nonbank electronic money issuer
The Bangko Sentral ng Pilipinas (BSP) achieved a significant milestone by welcoming OmniPay, Inc. as the first nonbank electronic money issuer (EMI) participant in its Real Time Gross Settlement (RTGS) payment system, PhilPaSSplus. This move aligns with the National Payment Systems Act and signifies a more inclusive national payment system, allowing nonbank financial institutions to conduct efficient and low-risk funds transfers directly through the central bank. Assistant Governor Mary Anne P. Lim emphasized the BSP's commitment to safeguarding the entire Peso RTGS payment system amidst global trends of diversified participation. With 236 institutions, including various banks and nonbank entities, utilizing PhilPaSSplus for large value transactions and retail payment clearing, the BSP's initiative reflects a broader trend of central banks facilitating direct access for nonbank entities to settlement services. This development comes as international standard-setting bodies work on access guidelines to manage risks in evolving payment systems with new players and financial technologies......»»
Anxiety About Money
If I had a million dollars. We often think of money as a fast track to satisfaction. Yet Ecclesiastes 5:10 points out that the lover of money will never be satisfied. There is never an amount of money that is enough. Money promises security, but it never completely delivers. If money can’t bring us real […].....»»
DILG, PNP told: Intensify crackdown vs colorum PUVs
President Ferdinand Marcos Jr. has directed the Department of the Interior and Local Government and the Philippine National Police to intensify its crackdown on illegal public utility vehicles to ease traffic congestion in the nation’s capital. .....»»
Amid crackdown, 272,233 motor vehicles register at LTO
Last January, a total of 272,233 delinquent motor vehicles underwent registration renewal at Land Transportation Office offices nationwide, amid a crackdown due to the agency’s intensified “no registration, no travel” policy......»»
Crackdown on colorum PUJs begins February 1
Land Transportation Office chief Vigor Mendoza II met yesterday with the agency’s regional directors ahead of the crackdown against colorum public utility jeepneys starting on Feb. 1......»»
BSP logs 40K complaints relating to financial consumer protection; only 5% come from Mindanao
SINCE the effectivity of the Financial Consumer Protection Act (Republic Act 11765) in June 2022, the Bangko Sentral ng Pilipinas (BSP) has logged more than 40,000 complaints from customers of different BSP-supervised financial institutions from all over the Philippines. Of this number, only around 5 percent come from Mindanao, implying the Mindanaoans' unawareness of the law......»»
BSP Governor Eyes Potential Rate Cut as Inflation Eases
In a recent interview, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. hinted at a potential rate cut later this year, signaling optimism amid the nation’s economic landscape. While cautious about the first semester, Remolona remains watchful, stating that the move could come “within the year.” The BSP, responding to escalating inflation, had hiked […].....»»
BSP governor says February rate cut not likely
In statements made to the press, BSP Governor Eli Remolona said that due to the “numbers we are seeing” a rate cut “is not likely (on) February 15”, which is the next scheduled meeting date for the BSP’s Monetary Board......»»
Cebu Daily Newscast: Remittances soar to P33.5 billion in 2023 – BSP
Listen to Cebu Daily Newscast and get the latest stories in and around Cebu. Here’s what you need to know on Friday, February 16. Remittances soar to P33.5 billion in 2023 – BSP Filipinos abroad sent a record amount of money back home in 2023 as remittances hit $33.5 billion, boosted by a stronger peso......»»
Remittances soar to P33.5 billion in 2023 – BSP
MANILA, Philippines — Filipinos abroad sent a record amount of money back home in 2023 as remittances hit $33.5 billion, boosted by a stronger peso. This increase in the value of remittances helped households cope with high inflation. According to the Bangko Sentral ng Pilipinas (BSP), cash remittances through banks totaled $33.5 billion, marking a.....»»
Another money changer gets license revoked by BSP
The Bangko Sentral ng Pilipinas (BSP) has cancelled the registration of another money changer as the regulator continues to ramp up its campaign against illegally operating money service businesses (MSBs)......»»
Valentine’s Day tips for talking about money as a couple
NEW YORK (AP) — Money might not be the most romantic topic for Valentine’s Day, but talking about finances with your significant other is a key element of a healthy relationship. Money problems are one of the most common reasons couples separate, said Emily Simonian, head of clinical learning at Thriveworks, a mental health company......»»
SP tightens anti-smoking measures to protect minors
THE 20th Davao City Council passed the "Revised Comprehensive Anti-Smoking Ordinance of Davao City" on the third and final reading on Tuesday morning, April 16, 2024, at the Sangguniang Panlungsod......»»
Marcos tightens protocol plate issuance to curb misuse
President Ferdinand Marcos Jr. has issued an order regulating the granting of protocol license plates to government officials following concerns about the increasing prevalence of low-numbered plates......»»
Cavs-Lakers face-off comes with a Donovan Mitchell intrigue
The Los Angeles Lakers will size up one of their top summer trade targets when the Cleveland Cavaliers visit them on Saturday (Sunday Manila time) as the race to the playoffs tightens up. .....»»
Cavs-Lakers face-off comes with a Donovan Mitchell intrigue
The Los Angeles Lakers will size up one of their top summer trade targets when the Cleveland Cavaliers visit them on Saturday (Sunday Manila time) as the race to the playoffs tightens up. .....»»
Catapang tightens security after ambush
Bureau of Corrections (BuCor) chief Gregorio Catapang Jr. yesterday said security measures were doubled following the recent shooting incident involving his vehicle along the Skyway on Tuesday......»»
House tightens security after lawmakers get bomb threats
The House of Representatives has been placed on heightened alert following threats received by lawmakers and House staff last week, including bomb threats, Secretary General Reginald Velasco said on Monday......»»
Ayala Corp tightens insider trading policy
Ayala Corp., the country’s oldest conglomerate, has tightened its insider trading policy......»»
Piston eyes transport strike
Amid the impending crackdown on traditional jeepneys, drivers and operators are planning to hold a transport strike in Metro Manila as the deadline set by the government to comply with the public utility vehicle modernization program (PUVMP) ends on April 30......»»