Senator Sherwin Gatchalian has urged Congress to pursue the passage of a measure that would help more Filipinos become knowledgeable and skilled in handling their personal finances for their future. Gatchalian, who filed Senate Resolution No. 569, said he finds the results of the 2021...
Bangko Senrtral ng Pilipinas  (BSP) officials and Parañaque City Mayor Eric Olivarez led the launching of the PalengQR Ph Plus in the city on Thursday, April 20. Olivarez said the BSP team, led by Ellen Ramos of the BSP financial inclusion office, introduced and proposed the launching of...
WASHINGTON, United States (AFP) -- The World Bank and International Monetary Fund's spring meetings get underway later this week with an ambitious reform and fundraising agenda likely to be overshadowed by concerns over high inflation, rising geopolitical tension and financial stability....
The Bangko Sentral ng Pilipinas (BSP) has approved the guidelines on how it will mediate and adjudicate financial consumers’ complaints based on provisions under Republic Act No. 11765 or the Financial Products and Services Consumer Protection Act (FCPA). BSP Governor Felipe M. Medalla said...
Senator Sherwin Gatchalian said he believes the privatization of key government assets is a more logical source for the proposed Maharlika Investment Fund (MIF). Gatchalian said doing this would shield key financial institutions, particularly the Bangko Sentral ng Pilipinas (BSP), from potential...
On the heels of the disappointing news that the inflation rate had risen even higher to 8.7 percent in January – beyond the Bangko Sentral ng Pilipinas’ forecast range of 7.5 to 8.3 percent, and the government’s target range of two to four percent – there was a vital piece of good news on...
The Bangko Sentral ng Pilipinas (BSP) has confirmed that the third party auditor contracted by the Philippine Amusement and Gaming Corp. (PAGCOR) for Philippine Offshore Gaming Operators (POGOs) submitted spurious documents, Sen. Sherwin Gatchalian said on Friday, February 10. Gatchalian said this...
The year 2023 has been acknowledged by the International Monetary Fund as a year of global economic recession that would hit one-third of the world’s economy. The economic difficulties have been brought about by Russia’s war in Ukraine, causing oil prices to rise to historic levels, disrupting...
Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla has expressed concerns over the proposed Maharlika Wealth Fund (MWF)--concerns that Albay 2nd district Rep. Joey Salceda, a proponent of the controversial measure, wants to chase away. Albay 2nd district Rep. Joey Salceda Medalla is...
Civil Service Commission (CSC) Chairperson Karlo Nograles urged civil servants to avail themselves of the financial education program to be offered soon by the agency. Civil Service Commission (CSC) Chairman Karlo Alexei Nograles (Senate PRIB Photo) Nograles made the statement during the Bangko...
Satellite technology has gone a long way from just providing internet connection in far-flung areas as it is now aimed at educating people about financial literacy. PhilSA Space Missions Control and Operations Division Science Research Specialist I Engr. Vench Learry Angulo running diagnostics...
The Philippine Red Cross (PRC) received a P15 million donation from the Bangko Sentral ng Pilipinas (BSP) to strengthen its Covid-19 response operations and other services. (PHILIPPINE RED CROSS) "The pandemic has shown us that public health is at the core of a resilient society. It teaches us that...
