The research arm of credit rater Fitch Group has maintained its bearish stance on the Philippine peso, as it expects the local currency to even weaken as accommodative policy stances and a worsening current account weigh on the local currency. In a research note on Friday, Jan. 14, Fitch Solutions...
Senator Sherwin Gatchalian on Wednesday appealed to the Bangko Sentral ng Pilipinas (BSP) and the banking community to suspend the collection of fees on online money transfers while COVID-19 cases continue to rise. Gatchalian said it would also be better if financial institutions and companies...
Actor-turned-politician Rep. John Marvin "Yul Servo" Nieto has asked the House of Representatives to join him in calling on the Bangko Sentral ng Pilipinas and government to stop removing the images of the country’s national heroes from Philippine bank notes in active circulation. P1,000 bill new...
Re-electionist Senator Richard Gordon on Monday called on banks to enforce tighter online security to prevent hackers from stealing from clients’ accounts. Gordon, who chairs the Senate Committee on Justice and Human Rights, said banks should be more proactive in keeping their customers’ trust...
Three House of Representatives committees were asked on Monday, Dec. 13 to conduct a congressional inquiry into the reported fraudulent bank transactions that have allegedly victimized depositors of BDO Unibank Inc. House of Representatives facade Bayan Muna Representatives Carlos Isagani Zarate,...
Senator Nancy Binay has said the Bangko Sentral ng Pilipinas (BSP) should first seek congressional approval before it introduces any design changes on coins and bank notes. Binay made the suggestion in light of the removal of three World War II martyrs in the redesigned P1,000 banknote, saying a...
Senator Sherwin Gatchalian on Sunday urged the Bangko Sentral ng Pilipinas (BSP) to ensure that financial consumers who were victimized by the recent online banking hacking incident are protected while its investigation is ongoing. Gatchalian said he is considering filing a resolution seeking a...
Senate Committee on Banks, Financial Institutions and Currencies chair Senator Grace Poe on Sunday urged the Bangko Sentral ng Pilipinas (BSP) to dig deeper into the online banking hacking incident that hounded BDO account holders, saying such incident need to stop in the face of the growing...
House Deputy Minority leader and Bayan Muna Rep. Carlos Isagani Zarate on Saturday, Nov. 11 called the attention of the Bangko Sentral ng Pilipinas on “glaring errors” found in the newly-released P1,000 bill. Zarate found the two errors referring to the image of the Philippine eagle as “quite...
The national government will repay the full amount of its cash advances to the Bangko Sentral ng Pilipinas (BSP) ahead of the January maturity date, the Department of Finance (DOF) said. In a letter addressed to BSP Governor Benjamin E. Diokno, Finance Secretary Carlos G. Dominguez III said that...
Editorial “The Monetary Board maintains that keeping a patient hand on the BSP’s policy levers, along with appropriate fiscal and health interventions, will keep the economic recovery more sustainable over the next few quarters.” Thus did Bangko Sentral ng Pilipinas (BSP) Governor Benjamin...
President Duterte’s economic managers will meet this week with the foreign chambers of commerce to tackle the country’s recovery initiatives and present their investment priority sectors. The economic team led by the Department of Finance (DOF) and the Bangko Sentral ng Pilipinas (BSP) will...
