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...
Twenty former employees of the Veterans Memorial Medical Center (VMMC) or Veterans Golf Club (VGC) have been ordered paid by the Commission on Audit (COA) a total of P3.69 million for their accumulated vacation and sick leaves from 2004 to 2011. While 48 members of VMMC/VGC filed their petitions...
The Commission on Audit (COA) has directed Oroquieta City in Misamis Occidental to pay Limar's Medical Supplies Trading P245,917.50 for the medicines and vaccines the city government purchased in 2020. Limar's Trading, through its proprietor John-jay S. Ramil, filed a petition for money claim...
The Commission on Audit (COA) has ordered the Philippine Postal Corporation (PhilPost) to pay Filmetrics Corporation P47.2 million for the delivery and set up of the Biometric Data Service Facility (BDSF) in 2010. Filmetrics filed a petition for money claim against PhilPost due to the reported...
