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CEBU CITY, Philippines — Cebuano vlogger Boy Tapang, also known as Ronnie Suan in real life, issued a public apology on his Facebook page after creating a kite using P1,000 bills worth P1 million. The vlog by…
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…
MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is expected to continue its tight monetary policy for an extended period, according to GlobalSource Partners. The think tank suggests that the economy has not yet fully absorbed…
The Philippines central bank said on Friday it is necessary to keep monetary policy settings sufficiently tight until a sustained downtrend in inflation becomes evident. It will take appropriate action as needed to bring inflation back to…
MANDAUE CITY, Cebu — Do you have mutilated banknotes and coins? Have them exchanged with crisp bills and new coins through the Piso Caravan of the Bangko Sentral ng Pilipinas (BSP) Visayas Regional Office. The BSP is…
MANDAUE CITY, Philippines — All business establishments and public transportation in Mandaue City may need to adopt the QR digital payments soon. This is after, the city council approved on the third and final reading on March…
LAPU-LAPU CITY, Cebu — The Lapu-Lapu City Government officially launched on Friday, February 17, 2023, the Paleng-QR PH Plus. The launching was attended by Bangko Sentral ng Pilipinas (BSP) Deputy Governor Bernadette Romulo-Puyat, Lapu-Lapu City Mayor Junard…
MANILA, Philippines — A businessman from Mindanao said he lost over P5 million to a group of people who offered him a cut of P700 million from the sale of over P17-trillion worth of “Marcoses’ gold” allegedly…
With the peso-dollar exchange rate now seemingly courting P60 to the dollar, our economy appears to be suffering from a case of LDM, or loose dollar movement. Dollars are indeed flowing out of the country for various…
MANILA, Philippines – A bill seeking to protect senior citizens from cybercrimes such as text scams. has been filed by Senator Jose “Jinggoy” Estrada. In a statement on Sunday, Estrada said he filed Senate Bill No. 671 or…
MANILA, Philippines — Introducing the automated coin deposit machine (CoDMs), the latest of the government’s stratagems to promote the re-circulation of coins and persuade Filipinos to use the low-value currency in their daily transactions. In partnership with…
MANILA, Philippines—Is it time to kick the habit of folding banknotes? Recently, a netizen shared dismay online after a popular mall in the country allegedly refused to accept a folded 1,000-peso polymer banknote that she used for…
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