MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) ordered the closure of the Rural Bank of Datu Paglas Inc. based in Maguindanao, bringing to five the… Read more “BSP shuts down another rural bank”
Tag: Bangko Sentral ng Pilipinas
Banks’ bad loans may rise until H1 next year
MANILA, Philippines — Banks’ bad loans are expected to pick up until the first half of next year as the country continues to struggle to contain the… Read more “Banks’ bad loans may rise until H1 next year”
Lyka flooded with encashment requests
MANILA, Philippines — Lyka, a social media app, is now flooded with encashment requests from partner merchants spooked by the Bangko Sentral ng Pilipinas’ decision to suspend… Read more “Lyka flooded with encashment requests”
Peso falls back to ₱50-per-dollar level
MANILA, Philippines — The Philippine peso returned to the 50 to the dollar level on Friday — its weakest performance against the greenback in more than a… Read more “Peso falls back to ₱50-per-dollar level”
PH inclusion in global dirty money watchlist to affect OFW remittances, economist warn
Hong Kong (AdChoiceTV News) — Overseas Filipino workers sending money back home may face more scrutiny after the Philippines slipped back to the Financial Action Task Force… Read more “PH inclusion in global dirty money watchlist to affect OFW remittances, economist warn”
AMLC tracks P62.5 trillion suspicious transactions
MANILA (AdChoiceTV News) — Suspicious transaction reports (STRs) involving tax crimes in the Philippines have reached P62.5 trillion over a three-year period, according to the Anti-Money Laundering… Read more “AMLC tracks P62.5 trillion suspicious transactions”
BSP shuts down another money changer for anti-laundering breach
MANILA (AdChoiceTV News) — The Philippine central bank is continuing its crackdown on money changers violating anti-money laundering regulations with another one being stripped by the Monetary… Read more “BSP shuts down another money changer for anti-laundering breach”
‘Dirty money’ deals breach P1 trillion mark
AdChoiceTV News — Proceeds from money laundering, terrorist financing and proliferation financing across the financial ecosystem have breached the P1-trillion mark, with cash remaining as the most… Read more “‘Dirty money’ deals breach P1 trillion mark”
More banks waive fees for digital cash transfers
AdChoiceTV News — More banks have extended free digital cash transfers after the Bangko Sentral ng Pilipinas (BSP) waived for the fifth time the fees of fund… Read more “More banks waive fees for digital cash transfers”
Criticisms vs BSP’s new logo continue as report bares central bank’s over P50 million budget for branding, ads
The Bangko Sentral ng Pilipinas has allotted P50 million for its public relations and branding this year, an official document revealed. Finance magazine Bilyonaryo reported that based on the central’s bank 2020… Read more “Criticisms vs BSP’s new logo continue as report bares central bank’s over P50 million budget for branding, ads”
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