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...
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...
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...
Despite the tremendous pressure on his shoulders, De La Salle big man Mike Phillips remains composed and positive that the Green Archers could reclaim the UAAP throne once more. With a daunting task at hand and several reports saying he might be recruited for Gilas Pilipinas in the upcoming 33rd...
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,...
To support top-performing Senior High School (SHS) graduates from low- to middle-income families who plan to pursue priority courses in college, the Commission on Higher Education (CHED) on Monday, September 15, formally launched the Bagong Pilipinas Merit Scholarship Program. “This is an...
The Commission on Higher Education (CHED) gathered national government agencies, academic leaders, and private partners at the historic Manila Hotel on Monday, September 15, for the “Converge to ACHIEVE: The Higher Education Summit.” The event, which marked the first 100 days in office of CHED...
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...
President Marcos graced the tournament opener of the 2025 FIVB Men’s Volleyball World Championship on Friday, Sept. 12. Marcos was among the hundreds of Filipinos witnessing the Philippine national team, Alas Pilipinas, battle with Tunisia during the game opener. In gracing the tournament, the...
The Samahang Basketbol ng Pilipinas (SBP) firmly believed the Gilas Pilipinas program is on track to reap the fruits of its labor and in the near future make it back to the Olympics. Despite the obvious challenges hindering the goal, the SBP is determined to send a Philippine team in the...
