BSP cancels registration of money service firm
The Bangko Sentral ng Pilipinas has cancelled the registration of another money service business due to “significant and recurring violations.”.....»»
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 […].....»»
Comelec Registration, tuloy ngayong Pebrero 12
Nakatakdang ipagpatuloy ng Commission on Election (COMELEC) ang voter’s registration sa buong bansa. Ayon sa pamunuan ng Comelec, bukas ito sa magiging botante para sa midterm national and local elections. Kabilang dito ang mga residente na mag-eedad dise otso sa May 2025 elections. Magsisimula ang Voter’s Registration para sa 2025 NLE sa Pebrero 12, 2024 […] The post Comelec Registration, tuloy ngayong Pebrero 12 appeared first on Bicol Peryodiko......»»
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)......»»
Guv cancels F2F classes due to extreme heat
Guv cancels F2F classes due to extreme heat.....»»
STILL AT LARGE | Manila court cancels ex-solon Teves passport
STILL AT LARGE | Manila court cancels ex-solon Teves passport.....»»
Satellite Voter Registration
Personnel from the Commission on Elections XI check the documents of incoming voters at a satellite registration site at Vista Mall, Barangay Sto. Niño, Davao City. Voter registration began in February and is scheduled to end on September 30, 2024. MindaNews photo by YAS D. OCAMPO.....»»
Comelec registration hits 1 million new voters in less than a month
The Commission on Elections (Comelec) said there are more than a million registration applicants, barely a month after the registration period started on Feb. 12. Comelec Chair George Erwin Garcia said on Saturday as of March 6, a total of 1,027,572 applications were processed nationwide in Comelec offices, satellite centers and “Register Anywhere Program” (RAP).....»»
Money lending firm collector killed in Zamboanga del Sur ambush
Gunmen killed a collector of a local money lending firm in a daytime ambush in Barangay Lutlutan in Dimataling town, Zamboanga del Sur on Wednesday......»»
BSP to propose law vs illegal money service firms
The Bangko Sentral ng Pilipinas (BSP) is set to propose legislation against illegally operating money service businesses (MSBs) and nonbank financial institutions (NBFIs) who are not registered with the central bank......»»
SEC revokes registration of Cryptoasset
The Securities and Exchange Commission has punished a firm with a fine and revocation of its registration for undertaking fraudulent investment-taking activities......»»
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......»»
Civil Registration Month
Various government agencies participate in a service caravan during the 34th Civil Registration Month celebration at Ayala Malls Abreeza in Davao City on Monday (26 February 2024). MindaNews photo.....»»
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.....»»
P6B dirty money bumaha sa Tarlac
Hindi bababa sa P6 bilyon ang pumasok na dirty money sa Bamban, Tarlac para maitayo ang 37 gusali sa lupang pag-aari ni Mayor Alice Guo, ayon kay Senador Sherwin Gatchalian. The post P6B dirty money bumaha sa Tarlac first appeared on Abante......»»
P6B dirty money bumaha sa Tarlac
Hindi bababa sa P6 bilyon ang pumasok na dirty money sa Bamban, Tarlac para maitayo ang 37 gusali sa lupang pag-aari ni Mayor Alice Guo, ayon kay Senador Sherwin Gatchalian. The post P6B dirty money bumaha sa Tarlac first appeared on Abante......»»
Top 5 Simple Habits to Save Money Every Day
Saving money doesn’t mean you have to live a life of extreme frugality. Finding the right balance between spending and saving can help you manage your finances. Creating good habits can also help you save more money without sacrificing your quality of life. Here are five simple habits to help you save money every day. […].....»»