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......»»
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 […].....»»
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......»»
San Carlos FARMC to propose community store for DOLE livelihood program
San Carlos FARMC to propose community store for DOLE livelihood program.....»»
Zsa Zsa nasorpresa rin sa pagpo-propose ni Yael kay Karylle
AMINADO ang Divine Diva na si Zsa Zsa Padilla na nasorpresa rin siya nang mag-propose ang singer na si Yael Yuzon sa kanyang anak na si Karylle. Sa exclusive interview ng ABS-CBN News, inihayag ni Zsa Zsa ang kanyang kasiyahan na engaged ulit ang couple. Ibinunyag ng Divine Diva na plano na talaga nina Yael.....»»
Yael Yuzon nag-propose uli kay Karylle para sa kanilang 10th anniversary
“SURPRISE, surprise!” Yan ang ginawa ni Yael Yuzon para sa kanyang asawang si Karylle sa live episode ng “It’s Showtime” ngayong araw, February 26. Sinamantala ng vocalist ng bandang Sponge Cola ang pagkakataon na makapag-propose muli sa kanyang misis on national TV para sa kanilang renewal of wedding vows. Sa isang bahagi ng “It’s Showtime”.....»»
DOLE issues revised IRR on Service Charge Law
The Department of Labor and Employment has issued the revised implementing rules and regulations of the Service Charge law, which now excludes managerial employees from benefiting from the collected service charge......»»
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 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 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.....»»
Some firms still violate ease of doing biz law despite Arta
The Anti-Red Tape Authority-Eastern Mindanao Region (Arta-EastMin) revealed that there are still several businesses in their jurisdiction that violate the implementation of the Ease-of-Doing-Business Law and other red tape concerns despite the agency’s comprehensive collaboration with other security and law enforcement......»»
DOLE to issue revised IRR for Service Charge Law
The Department of Labor and Employment will be issuing the revised implementing rules and regulations or IRR of the Service Charge Law......»»
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. […].....»»
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......»»
BSP to issue new guidelines for MSBs
The Bangko Sentral ng Pilipinas is finalizing a new regulatory framework for money service businesses to ensure that risks remain manageable amid the evolving industry......»»