BSP urges use of EVM cards vice ATM cards

Victor Anthony V. Silva 03/14/2017

REPLACE depositors’ ATM cards with EMV cards. This call was made by the Bangko Sentral ng Pilipinas (BSP) as it reiterated its call for banks to put in place additional security measures for the automated teller machines…

Can the marginalized sector address PH’s financial gaps?

Victor Anthony V. Silva 03/14/2017

BSP: Creating bank accounts for conditional cash transfer program beneficiaries may be it The Bangko Sentral ng Pilipinas (BSP) sees the potential of tapping the unbanked members of the country’s marginalized sector in a bid to strengthen…

Old peso bills to lose value by January

Victor Anthony V. Silva 12/20/2016

CEBU CITY–The Bangko Sentral ng Pilipinas (BSP) has reminded the public anew to have their old banknotes exchanged for new ones because these will no longer hold value by Jan. 1, 2017. Lawyer Leonides Sumbi, BSP Cebu…

Trump jitters cause PSEi slide; PH bourse ’16 gains wiped out

11/14/2016

The local stock barometer has wiped out all gains earlier seen in the year, sliding to the 6,800 level as US policy risk arising from Donald Trump’s election as the new president escalated aversion to most emerging…

BSP official cites factors that make country’s economy strong

Victor Anthony V. Silva 08/29/2016

(Conclusion) WITH the Philippines recognized by the international financial organizations like the World Bank (WB) and the International Monetary Fund (IMF) as Asia’s rising tiger, a Bangko Sentral ng Pilipinas (BSP) official cites the factors that made…

BSP awards stakeholders

Izobelle T. Pulgo 08/09/2016

The Bangko Sentral ng Pilipinas (BSP) held its awards ceremony for stakeholders in Central Visayas with the theme “Sustained Partnership, Sustained Economic Growth.” Among the awardees are Muramoto Audio-Visual Philippines Inc., Phil-Japan Metals and Refined Products Co.…

Foreign direct investments surge to $2.2 billion in April

07/11/2016

MANILA — Net inflows of job-generating foreign direct investments (FDI) jumped to the highest-ever monthly figure of $2.2 billion in April as the Philippines’ economic star shone in the region and attracted greater investor interest, the Bangko…

Bangko Sentral exec: Retrenchment of OFWs not backed by official data

Vanessa Claire Lucero 02/23/2016

Government expects a flat growth in cumulative cash remittances from overseas Filipino workers (OFWs) in the next two years amidst falling oil prices and volatility in the Middle East, a Bangko Sentral ng Pilipinas official said. Diwa…

P100 bills with stronger violet color start circulating in Cebu

Vanessa Claire Lucero 02/21/2016

When Teresa Radaza went out to buy calamansi (lemonsito) from a local vendor last Thursday, she didn’t expect to be accused of using a fake bill. She had with her a new P100 bill, given to her…

Advice to investors: Amid volatility, pick mutual funds

Vanessa Lucero 02/09/2016

The Philippine stock market is expected to remain volatile this year, but may stabilize after the May 9 elections, a financial services company executive said. Investors are encouraged to continue putting their money in the market, but…

No work at Capitol, BSP to give way to IEC

Izobelle T. Pulgo 01/28/2016

THE Cebu provincial government and the Bangko Sentral ng Pilipinas (BSP) regional office have suspended work tomorrow, January 29, to help ease traffic for the International Eucharistic Congress (IEC) procession. All roads leading to the Capitol will…

Only new banknote series may be used starting Jan. 1

Vanessa Claire Lucero 12/24/2015

BSP: New Design Series banknotes can still be exchanged for New Generation Currency till Dec. 31, 2016 With only one week to go before the year ends, the Bangko Sentral ng Pilipinas (BSP) reminded the public that…

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