BATANG MAYNILA Manila Mayor Isko Moreno Last week, I delivered my third State of the City Address (SOCA) in an austere setting held at the Manila City Council’s session hall, where I was joined by both elected and appointed city officials serving in Manila. As tradition would have it, I am...
Legal issues of BSP’s ‘digital banknote’ initiative MB file After the Bangko Sentral ng Pilipinas (BSP) created a Technical Working Group (TWG) in June 2020 as initial research on a possible central bank digital currency (CBDC), it released a more comprehensive study in March this year on...
Senator Grace Poe on Thursday, July 1, asked the Anti-Money Laundering Council (AMLC) for a report on its efforts and the challenges it is facing to have the Philippines removed from the list of countries tagged as high risk for money laundering and terrorist financing. Senator Grace Poe Poe,...
The government is determined to take steps to further improve the country's anti-money laundering and anti-terrorist financing regulations. President Rodrigo Duterte delivers a speech during the ceremonial signing of new laws in Malacañang on June 16, 2021. (Malacañang) Presidential spokesman...
Wala Lang Small pieces of paper, tiny bits of metal—neither is edible nor useful but people work, fight, kill for them. Paper money and coins are the subject of Yaman: History and Heritage in Philippine Money , a weighty tome just published by the Bangko Sentral ng Pilipinas. Authored by...
Netflix recently unveiled images from the fifth and final season of "La Casa de Papel (Money Heist)." Among them is an encounter involving two key characters - Professor and Sierra, with the latter pointing gun at the former. The Professor or Sergio Marquina, played by Álvaro Morte, is the...
The Anti-Red Tape Authority (ARTA) will lead the establishment of an inter-agency task force that will oversee the streamlining of the processing of blood money claims. ARTA Director-General Jeremiah Belgica during the meeting with officials from ARTA, the Department of Foreign Affairs-Office of...
The central bank said it registered $373.95 million of net foreign portfolio investment outflows in April compared to the bigger withdrawal of $540.97 million in March. On a year-on-year basis, speculative funds or “hot money” net outflows is also lower compared to the $660.38 million net...
Another couple tied the knot today. Melissa Ricks and her husband Michael Macatangay got married in the US. It was a blissful day filled with their relatives who are mostly based in America. The couple added a nice wedding tradition with the prosperity or money dance, where guests would attach...
Youn Yuh-jung made history recently, becoming the first Korean actor ever to win an Academy Award. Among those happy for her win is actress Maui Taylor. Youn and Maui worked together prior in the 2012 thriller "The Taste of Money." Maui recalled Youn as "intimidating at first." Eventually...
The Bangko Sentral ng Pilipinas (BSP) is planning on putting up an electronic or e-money protection fund in case the bank or non-bank holding the e-money has liquidity issues. The BSP is currently studying the e-money fund protection scheme and is expected to soon release findings and...
The local banking industry implemented a new system of charging fees for ATMs which started yesterday, April 7, 2021. Currently, there are close to 22,000 ATMs nationwide that are used by over 77 million cardholders. These ATMs are interconnected so cardholders of a bank can transact at ATMs of...
