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)......»»
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 […].....»»
Sagay City Dairy Farm gets license to operate
Sagay City Dairy Farm gets license to operate.....»»
PNP revokes Quiboloy’s firearms licenses
Fugitive preacher Apollo Quiboloy must surrender his guns, after the Philippine National Police (PNP) yesterday revoked his license to own and possess firearms and his firearms registration......»»
SEC revokes license of lending firm
The Securities and Exchange Commission has revoked the certificate of authority of Wealth and Personal Development Lending Inc. to operate as a lending company......»»
SEC revokes license of alleged pyramid firm
The Securities and Exchange Commission has revoked the corporate registration of an investment-taking entity employing a pyramid-like scheme......»»
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.....»»
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......»»
Two Simple Promo Ideas All Business Owners Should Try
Creative promos can be a game-changer for small businesses looking to carve their niche and penetrate or disrupt the market in one way or another. Here are two straightforward yet effective promo ideas that can elevate your brand, build customer loyalty, and foster organic growth. Loyalty programs Loyalty programs are a highly underrated way of […].....»»
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......»»
PNP revokes Quiboloy’s license to own, possess firearms
PNP revokes Quiboloy’s license to own, possess firearms.....»»
Philippine Business Bank seeks universal banking license
Yao-led Philippine Business Bank is looking at obtaining a universal banking license from the Bangko Sentral ng Pilipinas as early as this year......»»
Solon nangumpiska ng driver’s license sa fast food
Nairita raw ang isang lalaking mambabatas sa nakaharang na sasakyan sa parking ng fast food restaurant kaya kinuha nito ang lisensiya ng driver. The post Solon nangumpiska ng driver’s license sa fast food first appeared on Abante......»»
LTO: Release of plastic license cards starts today
The Land Transportation Office will start today the nationwide distribution of plastic driver’s license cards, LTO chief Vigor Mendoza II announced yesterday......»»
LTO: Paper-printed driver’s license ilisan na og plastic card
LTO: Paper-printed driver’s license ilisan na og plastic card.....»»
EDITORIAL - Finally, plastic license cards
It says a lot about the quality of governance and ease of doing business in this country that it takes forever just to obtain a plastic driver’s license card......»»