Trader duped by seniors in ‘Marcos gold’ investment

Abby Boiser 11/29/2022

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…

Dollar diarrhea

Cielito F. Habito - @inquirerdotnet 10/04/2022

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…

Senate bill seeks to protect senior citizens from cybercrimes, scams

Zacarian Sarao - @inquirerdotnet 08/28/2022

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…

Central bank introduces coin deposit machines

Ronnel Domingo 08/21/2022

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…

Do you have a polymer P1,000 bill? Don’t fold it and other dos and don’ts

Cristina Eloisa Baclig - Content Researcher Writer / @inquirerdotnet 07/11/2022

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…

High inflation: Your P1 is now worth only 87 centavos

Kurt Dela Peña - Content Researcher Writer / @inquirerdotnet 07/07/2022

MANILA, Philippines—While President Ferdinand Marcos Jr. expressed disbelief at the June 2022 inflation rate announced by state statisticians, saying that “we’re not that high,” the Philippine Statistics Authority (PSA) declared that it “stands by its data.” The…

New P1,000-piso banknote to be circulated in Cebu, Bohol this October

Morexette Marie Erram 07/05/2022

CEBU CITY, Philippines – The Bangko Sentral ng Pilipinas – Visayas Regional Office (BSP-VRO) announced on Tuesday, July 5, that the new P1,000-piso polymer banknote will start its circulation in Cebu and Bohol in the coming months.…

What’s the BSP doing?

Cielito F. Habito - @inquirerdotnet 06/28/2022

The Bangko Sentral ng Pilipinas (BSP) has been criticized—wrongly, I think—for being “dovish,” “behind the curve,” or not acting fast enough in response to speeding inflation and exchange rate movements. It seems to me that economists (as…

Cebu rural bank ordered shut, 5th in 2022

Ronnel Domingo 04/04/2022

The Monetary Board has ordered Metro-Cebu Public Savings Bank to stop doing business and be placed under liquidation, the fifth bank to be shuttered so far this year. Earlier this year, the MB sent out similar orders…

Here’s how to spot, avoid phishing – Bangko Sentral ng Pilipinas

Jane Bautista 01/31/2022

MANILA, Philippines — With incidents of unauthorized transactions in some teachers’ bank accounts, how can users ensure they would not fall victim to a phishing scam? According to a primer of the Bangko Sentral ng Pilipinas (BSP), phishing happens…

BSP allays public fears over bank hacking

Doris Dumalao-Abadilla, Ronnel Domingo 12/13/2021

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) on Sunday moved to allay public fears triggered by mounting complaints on social media of several bank accounts reportedly being hacked and funds being transferred to the cybercriminals’…

Man arrested with P24,500 worth of fake bills in Cebu City

Pegeen Maisie M. Sararaña 10/20/2021

CEBU CITY, Philippines — Agents of the Criminal Investigation and Detection Group (CIDG-7) arrested on Tuesday evening a 36-year-old man who allegedly manufactures counterfeit money in an entrapment operation in Barangay Basak-San Nicolas in Cebu City.   Police…

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