Department of Public Works and Highways (DPWH) Secretary Vince B. Dizon on Friday, Sept. 12, vowed to recover public funds allegedly lost to irregularities in flood-control projects, stressing that taxpayers’ money must be returned from erring officials and contractors. Following directives from...
Malacañang said the Bangko Sentral ng Pilipinas (BSP) will further intensify anti-money laundering reforms as it welcomed the Philippines ' removal from the European Union’s list of high-risk third world countries. Palace Press Officer and Communications Undersecretary Claire Castro...
Loans from big banks or universal and commercial banks (UK/Bs), excluding investments in the central bank’s reverse repurchase (RRP), grew by a faster 12.1 percent in June from May’s 11.3-percent expansion. According to the latest data from the Bangko Sentral ng Pilipinas (BSP) released on...
While loans from big banks or universal and commercial banks, excluding investments in the central bank’s reverse repurchase (RRP), expanded at a slightly faster rate of 11.3 percent from April’s 11.2 percent, it remains relatively slower than March’s 11.8-percent expansion rate. In a...
While the Philippines’ exit from the European Union’s (EU) high-risk jurisdictions list is expected to ease the country’s access to the EU financial system, debt watcher Moody’s still urged continued vigilance in sectors such as online gaming and cryptocurrency to ensure it does not return...
All Bangko Sentral ng Pilipinas (BSP)-supervised financial institutions (BSFIs) have been ordered to strengthen their risk management procedures by integrating the screening of negative news reports—such as fraud, crime, and scandals involving customers—into their customer due diligence and...
LAL-LO, Cagayan – A money lender shot a couple dead then himself inside his house in Barangay Centro here on Friday afternoon, May 23. Police identified the victims as couple Anna Liza and Lowie and Adriano, 67, a money lender. Investigation revealed that gunshots were heard from the suspect’s...
Senator Sherwin Gatchalian on Sunday, May 25 welcomed the filing of money laundering cases against dismissed Bamban, Tarlac mayor Alice Guo which he believes is a result of the Senate’s relentless pursuit against crimes committed by illegal Philippine Offshore Gaming Operators (POGO). This...
CEBU CITY – Nine foreigners and two Filipinos were arrested after they were caught carrying bags filled with cash amounting to close to P500 million at the Mactan-Cebu International Airport (MCIA). BUNDLES of cash stuffed in seven luggages were recovered from nine foreigners and two Filipinos at...
The Commission on Audit (COA) has affirmed with finality the P64.9 million refund to be paid by the Philippine Army (PA) to JROG Marketing for the excessive charge of liquidated damages imposed on the delay in the delivery of equipment. It denied the motion for reconsideration filed by the PA which...
The Commission on Audit (COA) has denied for lack of jurisdiction and merit the P2.1 million money claim of Pitney Bowes Software Pte. Ltd. against the Department of Public Works and Highways (DPWH). On July 4, 2012, the DPWH entered into a contract agreement with Pitney Bowes for the provision of...
Mayor Vico Sotto With the May midterm elections fast approaching, many are still wondering why incumbent Pasig City Mayor Vico Sotto has fewer campaign materials than other candidates gunning for a seat in the city's local government. His answer: He's doing his part against "Money Politics." On...
