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Albay 2nd district Rep. Joey Salceda believes that a bigger crackdown on online lending and investment scams is coming sooner than later, thanks to President Duterte’s expected signing of the Financial Consumer Protection (FCP) Act.

UniTeam senatorial candidate Herbert “Bistek” Bautista on Friday urged the Bangko Sentral ng Pilipinas (BSP) to help keep inflation rates in check as the war in Ukraine is making an impact on Filipinos who are still recovering from the effects of the Covid-19 pandemic.

The next administration must make the move from a consumer-driven economy to an investment-driven one to cushion the impact of future shocks and crises on the economy.

The deceleration in price increases last January was a welcome development, but the Department of Finance (DOF) warned that the economy should still keep a close watch on oil price movements.

The automated election system (AES) source codes for the May 2022 polls have been deposited at the Banko Sentral ng Pilipinas (BSP) for safekeeping.

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.

Efforts to institutionalize financial education in the capacity-building initiatives of the Armed Forces of the Philippines (AFP) gained momentum with the unveiling of financial education materials intended for the uniformed and civilian personnel of the Philippine Air Force, Philippine Army, and Philippine Navy.

A group of teachers urged the Bangko Sentral ng Pilipinas (BSP) to discontinue its plan to roll out the new design of the P1,000 bill — a move that has been drawing criticism from various sectors since it was announced.

Malacañang tried to appease the public Tuesday, Dec. 14 over the backlash on the new P1,000 banknote featuring a Philippine eagle design that will be issued alongside the existing bill thas has portraits of World War II heroes Vicente Lim, Josefa Llanes Escoda, and Jose Abad Santos.

While recognizing the importance of paying homage to three Filipino World War 2 heroes, human rights lawyer Chel Diokno on Monday, Dec. 13, expressed his reservations over replacing their portraits with the Philippine eagle in the new design of the P1,000 banknote.

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.

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.

Aspiring Filipino scientists abroad may soon submit their applications to be Balik Scientists in the country through an online portal that will be launched by the Balik Scientist Program (BSP) of the Department of Science and Technology (DOST) on Friday, Nov. 19.

Consumer prices last month rose near the lower end of a government forecast owing to slower increase in food prices, the National Economic and Development Authority (NEDA) reported on Friday, Nov. 5.

Be wary of accepting money from politicians who would attempt to buy your votes as you may have unknowingly been exchanging the country’s future for fake peso bills.

The Bangko Sentral ng Pilipinas (BSP) has directed all banks and their subsidiaries to submit quarterly reports of their remaining London Inter-Bank Offered Rate or LIBOR-related exposures until end-2023.

Foreign portfolio investments in September reversed to a net outflow of $24 million versus the previous month’s net inflow of $12 million, the Bangko Sentral ng Pilipinas (BSP) said on Thursday, Oct. 28.

Benchmark interest rates moved sideways on Monday, Oct. 18, as yields for the three-month and one-year IOUs resumed their increase, while the six-month paper marginally dropped.