Senate President Pro Tempore Panfilo "Ping" Lacson lauded on Saturday, Sept. 20, the Bangko Sentral ng Pilipinas ' move to tighten the rules on large cash transactions by capping withdrawals at P500,000 per banking day. Lacson, who chairs the Senate Blue Ribbon Committee investigating the...
The SM Group, through its retail subsidiaries, is expanding its product lines and enhancing accessibility nationwide to meet the rising demand for beauty and wellness products. In a statement, SM Investments Corp. said SM Beauty offers more than 1,000 beauty brands across its 77 branches, with...
In a move to curb money laundering and other illegal financial activities, the Bangko Sentral ng Pilipinas (BSP) has issued new regulations that set a ₱500,000 cap on large-value cash transactions, including withdrawals and other payouts. The new central bank regulation applies to both single...
The Bangko Sentral ng Pilipinas (BSP) is placing a new constraint on large-value cash transactions, mandating that bank and non-bank financial institutions limit cash withdrawals and other payouts to a maximum of ₱500,000, or its foreign currency equivalent. According to BSP, the move, which is a...
DAVAO CITY – Vice President Sara Duterte said on Thursday, Sept. 18, that the Partido Demokratiko Pilipino-Lakas ng Bayan has been inviting her to join the party. “Almost every week, they talk to me and invite me to join their party. I thought it might be better not to join any party. That way,...
The Bangko Sentral ng Pilipinas (BSP) plans to overhaul its reporting governance framework by imposing higher penalties on banks based on their asset size for lapses in regulatory compliance. Instead of flagging reporting violations, the BSP is establishing clear criteria that banks should adhere...
Senate Majority Leader Juan Miguel “Migz” Zubiri expressed concern over the absence of any law that caps interest rates on online lending applications, warning that the gap leaves millions of Filipinos exposed to predatory practices. At the hearing of the Senate Committee on Games and...
The Philippines has been placed on a positive watchlist by J.P. Morgan Chase & Co. for potential inclusion in its influential emerging market government bond index, a move that could attract a new wave of foreign investment and lower the nation 's borrowing costs. In a statement on Monday,...
BACOLOD CITY – The Police Regional Office-Negros Island Region (PRO-NIR) recognized the exemplary performance and bravery of an anti-drug operative injured in a road accident during a buy-bust operation in Barangay Mansilingan here on Thursday, Sept. 11. Police Brig. Gen. Arnold Thomas Ibay,...
The Philippines’ current account deficit widened to $9.18 billion in the first half of 2025, a 13.6 percent increase from $8.08 billion in the same period a year earlier. According to the latest data from the Bangko Sentral ng Pilipinas (BSP), the deficit was driven by imports outpacing exports...
Shareholders of Liberty Flour Mills Inc. have requested that the Securities and Exchange Commission intervene and investigate alleged irregularities involving the company, as well as the ₱804.7 million in uncollected receivables from its distributor, Parity Values Inc. (PVI). Through their...
The Department of Labor and Employment (DOLE) will distribute approximately P559 million in assistance and open 98,282 employment opportunities through simultaneous job fairs and cash payouts under its “Handog ng Pangulo 2025” program on Saturday, Sept. 13. DOLE said the initiative, held in...
