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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.…
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…
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…
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…
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’…
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…
MANILA, Philippines — The central bank will likely keep its key interest rate unchanged when its Monetary Board convenes on Thursday with the regulator finding itself lodged between the opposing demands of fighting rising inflation and restarting the…
MANILA, Philippines — Confidence returned to Filipino consumers when polled about their expectations for the first quarter of 2021, after expressing negative sentiment about for the current quarter in the latest survey conducted by the central bank.…
MANILA, Philippines — The Philippines’ estimated 10 million citizens abroad once more stepped in to buoy the local economy in the middle of a crisis, driving a late third quarter surge in dollar remittance that helped ward…
MANILA, Philippines — The central bank on Saturday urged the public to “properly handle and circulate” the new P20 New Generation Currency coins that were released to the public in December 2019. The Bangko Sentral ng Pilipinas…
MANILA, Philippines — Senators Sonny Angara and Francis Pangilinan want the collection of online transaction fees suspended amid the coronavirus disease (COVID-19) pandemic. In separate statements, Angara and Pangilinan called for the extension of the waiver on…
Another loan worth $300 million has been extended by the Asian Development Bank (ADB) to the Philippines, its host-country, this time to make financial services more accessible to Filipinos. In a statement on Friday, the ADB said…
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