PH banks put on alert after Malaysian central bank foils cyberheist

Inquirer.net 03/31/2018

The Philippines’ financial system was put on heightened alert against laundered cash just as the country entered into the long Lenten holidays, at the request of the Malaysian central bank, which said it had foiled a major…

BSP sees October inflation at 3.2–3.7 percent

Inquirer.net 10/30/2017

THE Bangko Sentral ng Pilipinas on Monday said it expects inflation in October within the range of 3.2–3.7 percent to possibly hit an almost three-year high. Citing the projection of its Department of Economic Research, the BSP…

Asean finance leaders still bullish over Asia’s growth

Victor Anthony V. Silva 04/04/2017

Amid uncertainties in the global economy such as US President Donald Trump’s protectionist policies and “Brexit,” majority of the Association of Southeast Asian Nations (Asean) central bank governors and their deputies were optimistic Asia will continue to…

DTI wants OFW remittance data for CV

Victor Anthony V. Silva 03/15/2017

A TRADE official in Central Visayas has sought the assistance of the Bangko Sentral ng Pilipinas (BSP) in obtaining a breakdown of dollar remittances sent to the Philippines by region. Asteria Caberte, director of the Department of…

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…

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