International Monetary Fund (IMF) resident representative Shanaka Jayanath Peiris said the next president should be capable of sustaining the Philippines’ good performance by spending more for infrastructure, trading more and attracting more foreign direct investments (FDIs). Peiris,…
If not for external shocks, GDP growth last year would have been 8% To attract more investors to the Philippines, a Bangko Sentral official said government needs to highlight the positive factors that distinguish the country from…
THE Bangko Sentral ng Pilipinas warned that counterfeit bank notes are likely to circulate during the election period. Leonides B. Sumbi, Bangko Sentral acting director for Central Visayas, said consumers should take note of the distinguishing features…
AS PART of its financial literacy campaign, the Bangko Sentral ng Pilipinas (BSP) is visiting selected schools to encourage students to save. Cebu City was the fifth leg, and second to the last stop of the campaign,…
BANGKO Sentral ng Pilipinas officials continue to encourage the public to exchange their old currency notes for new ones especially since there are still an estimated 11 percent of these old pieces of currency still in circulation…
Consumer loans granted by the banking sector continued to increase, reaching P932.8 billion in the first quarter of this year, the Bangko Sentral ng Pilipinas (BSP) said in a statement. This has sustained the quarter-on-quarter growth in…
Achieving even the low-end of government’s growth target for this year may be a challenge in the face of a volatile peso and the negative sentiment in the equities market, a central bank official said. The peso…
The Boy Scouts of the Philippines (BSP) Cebu Council inducted its new officers and board members last Thursday. Dr. Juliet Jeruta, Department of Education (DepEd) regional director, led the induction of DepEd officials as mandated Board Members.…
The Cebu City government cannot convert its loan for the South Road Properties (SRP) from yen to peso just yet. An official of the Land Bank of the Philippines (LBP) told the Cebu City Council in yesterday’s…
“Look closer, feel and tilt” the peso bills you receive to check if these are genuine. The Bangko Sentral ng Pilipinas (BSP) gave these tips as they warned against the proliferation of counterfeit bills in the market…
If somebody is standing too close to you when you’re using an Automated Teller Machine (ATM), don’t be afraid to tell him or her to step back. If you still feel uncomfortable, let the other person go…
The Bangko Sentral ng Pilipinas (BSP) called on the public to help circulate new money bills as part of their clean note policy. “The public should change the practice of paying using unfit and mutilated notes. They…
