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(Eagle News) – The Bangko Sentral ng Pilipinas set its key policy rate at 3.25 percent, after the Monetary Board decided to raise the interest rate on the BSP’s overnight reverse repurchase by 75 basis points. This is effective Thursday, July 14, after the morning’s regular meeting of the Monetary Board. BSP Governor Felipe Medalla said that “accordingly, the interest rates on the the overnight deposit and lending facilities were raised to 2.75 percent […]
New P1,000 polymer banknotes to be released in phases starting April 18 (Eagle News) – The Philippines has a new P1,000 polymer banknote which has more security features and more durable than the usual paper banknotes. The new P1,000 polymer banknote was presented to President Rodrigo Duterte on Wednesday, April 6, by Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno and Monetary Board members in a ceremony held in Malacanang. He received the 1000-Peso […]
(Eagle News) — The Bangko Sentral ng Pilipinas on Sunday, Dec. 12, said it was coordinating with Banco de Oro to ensure that “remedial measures are being undertaken” following reports on social media about thousands of pesos supposedly siphoned off from BDO online bank accounts. BSP Governor Benjamin Diokno said these measures include a possible “reimbursement of affected consumers.” “Rest assured that we continue to collaborate and engage stakeholders to ensure the safety and integrity […]
(Eagle News) — The Bangko Sentral ng Pilipinas will implement alternative work arrangements at its head office in Manila and security plant complex in Quezon City until March 31. In an advisory issued on Wednesday, March 24, the BSP said this was “in response to the recent rise in COVID-19 cases” in the country. Personnel from the BSP’s mission-critical departments and support units, however, the BSP said, “will continue to report on-site, as appropriate, while […]
(Eagle News) — President Rodrigo Duterte has appointed two members of the Bangko Sentral ng Pilipinas’ seven-member Monetary Board. The BSP said V. Bruce J. Tolentino and Anita Linda R. Aquino will serve as full-time representatives of the private sector in the BSP’s highest policy-making body. Tolentino, who first joined the board on June 18, 2018, will have a fresh term of six years after serving the unexpired balance of the term of Valentin A. […]
(Eagle News) — Bangko Sentral ng Pilipinas Governor Benjamin Diokno has tested negative for the coronavirus disease 2019. In a statement, the BSP said Diokno “will report for work tomorrow, just in time for the Monetary Board policy meeting.” “The continued health of members of the Monetary Board is paramount to the stability of the financial system amidst this pandemic,” it said. Earlier, Diokno went on self-quarantine after he had exposure to a person who […]
(Eagle News) — Inflation continued to ease in the fourth quarter of 2019, bringing year-to-date average inflation well within the the government’s announced target range, the Bangko Sentral ng Pilipinas said on Friday, Jan. 24. According to the BSP, the headline inflation of 1.6 percent in the fourth quarter of last year, down from the 1.7 percent in the third quarter, brought year-to-date average inflation to 2.5 percent, which is within the target range of […]
(Eagle News)–The Bangko Sentral ng Pilipinas on Tuesday, Dec. 17, launched a new P20 coin that will soon replace the old P20 bill. The coin still features former President Manuel Quezon on one side, while the other side has the image of the Malacañang Palace and the BSP logo. It also features an image of the plant, “Nilad” where the Philippine capital’s name came from. Nilad or the local name of the Yamstick Mangrove is […]
(Eagle News)–Former Foreign Affairs Secretary Perfecto Yasay Jr. on Tuesday, Aug. 27, denied any wrongdoing in what prosecutors said was Banco Filipino Savings & Mortgage Bank’s failure to report P350 million in loans to Tierrasud Inc. between 2001 to 2009. In an interview over ANC, Yasay said he was “just” a director of the now-defunct bank and was only “tasked and hired to sit down with high officials of the (Bangko Sentral ng Pilipinas) to […]
(Eagle News)–Senator Lito Lapid on Thursday, Aug. 15, urged the Bangko Sentral ng Pilipinas to consider the effect of increased automated teller machine fees on workers when studying the applications for the same of some banks. “Wag na sana nating dagdagan pa ang pasanin ng ating mga kababayan, lalo na ng mga manggagawa na kakarampot na nga ang kinikita ay mababawasan pa,” Lapid said in a brief statement. According to Lapid, increasing ATM transaction fees […]
(Eagle News) — President Rodrigo Duterte administered the oath of office of newly installed Bangko Sentral ng Pilipinas (BSP) governor Benjamin Diokno who will serve the remainder of the late Nestor Espenilla’s six-year term which ends in July 2023. Diokno was accompanied by his wife, Jo Ann Camacho, and son, Antonin Camacho during his oath-taking on Wednesday, March 6, in Malacanang. Diokno, who was previously Duterte’s budget and management chief, has extensive experience in […]
(Eagle News)–The Palace on Wednesday, March 6, said Bangko Sentral ng Pilipinas governor Ben Diokno did not need to get the approval of the Commission on Appointments after all. Presidential Spokesperson Salvador Panelo issued the statement a day after he said the Palace was confident Diokno would get the nod of the CA for his appointment. “After further evaluation of relevant laws and jurisprudence surrounding the appointment of former Secretary of Budget and Management Benjamin […]
