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The supplier of national identification cards under the Philippine Identification System (PhilSys) has asked the Bangko Sentral ng Pilipinas (BSP) for a “thorough review” of its performance as it sought reconsideration of the central bank’s decision to…
Inflation likely exceeded the government’s 2-4 percent target range in July due to higher energy and food prices. However, this increase is not expected to affect the anticipated rate cut in August. On Wednesday, the Bangko Sentral…
The Bangko Sentral ng Pilipinas (BSP) will resume accepting applications for digital banking licenses after three years, allowing more players into the growing industry. The number of available slots is still unknown, but BSP Governor Eli Remolona…
TAGBILARAN CITY — The Bangko Sentral ng Pilipinas (BSP) has ordered the closure of the first cooperative bank in Central Visayas. The Monetary Board of BSP issued a resolution on July 18 prohibiting the Cooperative Bank of…
MANILA, Philippines — The Philippine peso dropped to a 20-month low at the end of a turbulent trading week, following a regional decline as the stronger US dollar impacted emerging market currencies. The peso closed at 58.8…
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…
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