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BSP issues guidelines for payment systems
The Bangko Sentral ng Pilipinas (BSP) has released its first Manual of Regulations for Payment Systems (MORPS), a formal compilation of all payment system regulations approved by the Monetary Board as of end-December 2023......»»
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......»»
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 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......»»
China: Religious Regulations Tighten for Uyghurs
(New York) - The Chinese government's revised regulations in the Xinjiang region tighten controls over the religious practices of the predominantly Muslim ethnic Uyghurs, Human Rights Watch said today.The revisions, effective February 1, 2024, focus on "Sinicizing" religions,.....»»
Cua seeks to extend PPS run in Bansalan
Dhea Cua builds up for a big performance on her home turf next week as she aims for another impressive two-title run in the Palawan Pawnshop national junior tennis circuit’s Gov. Yvonne Cagas Championship unfolding today at the Bansalan Tennis Club in Davao del Sur......»»
Cua eyes another two-title run in PPS Bansalan tennis tilt
Dhea Cua builds up for a big performance on her home turf next week as she aims for another impressive two-title run in the Palawan Pawnshop national junior tennis circuit’s Gov. Yvonne Cagas Championship......»»
BSP to further relax forex rules
The Bangko Sentral ng Pilipinas may further relax its rules and regulations governing foreign exchange transactions in a bid to attract more foreign investments into the country......»»
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......»»
Interest rates to remain at 6.5% — BSP
The Bangko Sentral ng Pilipinas’ (BSP) Monetary Board (MB) decided to retain its target reverse repurchase rate at 6.5%......»»
BSP sinisipat 4.2% inflation noong Marso
Sa pagtaya ng Bangko Sentral ng Pilipinas, maaaring umabot sa 4.2% ang inflation nitong Marso. The post BSP sinisipat 4.2% inflation noong Marso first appeared on Abante......»»
BSP on guard vs inflation risks amid El Niño
The BSP chief said headline inflation likely further accelerated to 3.9 percent in March from 3.4 percent in February due to base effects, but lower than the 7.6 percent in March 2023......»»
GCash gets BSP nod to enter Europe, ME
E-wallet leader GCash has received the green light from the Bangko Sentral ng Pilipinas (BSP) to offer financial services to overseas Filipino workers (OFWs) in Europe and the Middle East......»»