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...
The Bangko Sentral ng Pilipinas (BSP) has authorized the government to borrow $3.54 billion from foreign creditors in the second quarter of this year. The new approved public sector foreign borrowing is 26 percent higher than the $2.80 billion borrowing in the second quarter last year. But it is 26...
The private sector is cool to the proposal for the immediate lifting of bank secrecy law in the country, but also equally stressed the need to protect depositors. George Barcelon, president of the Philippine Chamber of Commerce and Industry (PCCI), emphasized his point in reaction to Sen....
President Marcos’ chief economic manager said the Philippine economy would continue its robust expansion pace this year despite a rising interest rate environment. Finance Secretary Benjamin E. Diokno said on Thursday, July 14, that the economy, as measured by the gross domestic product (GDP),...
The Bangko Sentral ng Pilipinas (BSP) only needs to be clear and more energetic in their information campaign regarding the new polymer bills. Senator Joel Villanueva (Senate of the Philippines) Incoming Senate Majority Leader Joel Villanueva issued this statement following criticisms against the...
Senator Aquilino “Koko” Pimentel III has asked the Bangko Sentral ng Pilipinas (BSP) to stop the issuance and the production of the P1,000 polymer banknotes amid mounting complaints about its practical use as a legal tender. In a related development, Pimentel also filed a resolution urging the...
The Bangko Sentral ng Pilipinas (BSP) has launched a dedicated webpage or microsite for the new ₱1,000 polymer banknotes to increase public awareness and encourage its use, hastening the country’s shift to the use of more secure and hygienic banknotes. The website, bit.ly/PolymerPH, informs the...
President-elect Ferdinand “Bongbong” Marcos Jr. has tapped economist Felipe Medalla to serve as governor of the Bangko Sentral ng Pilipinas (BSP). Dr. Felipe Medalla (Photo from DLSU website) Read more here:...
The Department of Finance (DOF) said that Binance, the largest cryptocurrency exchange in the world, is not registered with the Philippines’ securities and banking regulators. Finance Secretary Carlos G. Dominguez III said on Thursday, June 9, said Binance is not registered with the Securities...
