GCash faces another bank transfer glitch

Meg Adonis 11/23/2024

Just days after users reported unauthorized deductions from their accounts, popular e-wallet platform GCash faced another issue. On Friday afternoon, the Ayala-backed company announced that its bank transfer feature via BancNet was experiencing problems, though the cause…

How does wage increase affect customer spending?

Niña Mae C. Oliverio 10/16/2024

CEBU CITY, Philippines — The new wage hike in Central Visayas may have an impact on how consumers spend their wage on necessities. Wage Order No. ROVII-2, published on September 16, 2024, provides for an increase of…

Peso surges to 6-month high at 55.9 as dollar weakens

Ian Nicolas P. Cigaral - @inquirerdotnet 09/07/2024

File photo The Philippine peso bounced back to the 55-level against the weaker US dollar on Friday, marking its strongest close in nearly six months. This comes as new data supported the early easing by the Bangko…

Saving money in piggy banks? BSP explains risks, disadvantages of not saving in banks

Niña Mae Oliverio 05/09/2024

CEBU CITY, Philippines — If you are saving money in your piggy banks, you might consider the advice from Bangko Sentral ng Pilipinas (BSP). BSP Visayas Director Anna Clara Oville said that among the benefits of saving…

Gov’t sees stronger peso this year

Ian Nicolas P. Cigaral 04/11/2024

MANILA, PHILIPPINES — The Marcos administration doesn’t expect the peso to reach 58 per dollar this year anymore due to lower import forecasts. Now, the interagency Development Budget Coordination Committee (DBCC) predicts the peso will average between…

Remittances soar to P33.5 billion in 2023 – BSP

Ian Nicolas P. Cigaral 02/16/2024

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…

Valentine’s Day tips for talking about money as a couple

02/11/2024

NEW YORK (AP) — Money might not be the most romantic topic for Valentine’s Day, but talking about finances with your significant other is a key element of a healthy relationship. Money problems are one of the…

Reah Mae Tocmo’s death was an accident: ‘Nagbasol ko’, says Simeon Gabutero Jr.

Emmariel Ares 08/11/2023

CEBU CITY, Philippines – Simeon Gabutero Jr. said he regret killing his ‘girlfriend’ Reah Mae Tocmo. Gabutero, 22, said he lost his temper when he learned that Tocmo, who has been asking money from him, was also…

Police to conduct background check on collector who lost money in SRP

Morexette Marie B. Erram, Niña Mae Oliverio 07/10/2023

CEBU CITY, Philippines – Police in Cebu City will conduct further investigation on last week’s incident at the South Road Properties (SRP) where a collector reportedly lost P2 million in cash after his bag got destroyed while…

Security guard in SRP money incident commended

Futch Anthony Inso 07/07/2023

LAPU-LAPU CITY, Cebu — The security guard who helped secure the area of the CCLEX where part of the P4 million in cash fell off from the bag of a collector, was given a reward by his…

PRO-7 joins SRP money probe, to help identify those who did not return cash

Emmariel Ares 07/07/2023

CEBU CITY, Philippines – The PRO-7 has warned those who picked some cash that fell off from the bag of a collector at the SRP to return them. Police Lieutenant Colonel Gerard Ace Pelare, spokesperson of PRO-7…

Exchange mutilated banknotes, coins through BSP’s Piso Caravan

Mary Rose Sagarino 07/07/2023

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…

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