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(Eagle News) — The country’s inflation for the third quarter was recorded at an average of 6.2 percent which is higher than the previous quarter’s average of 4.8 percent, according to data released Friday, Oct. 19, by the Bangko Sentral ng Pilipinas. BSP Officer-in-Charge Maria Almasara Tuaño-Amador said in a press briefing in Manila that this has brought the inflation for this year to date at 5 percent. Dennis Bautista, officer-in-charge of BSP’s Economic […]
(Eagle News) — After 131 years, Philippine National Hero Dr. Jose Rizal, returns to Prague, with the unveiling of his bust created by Filipino sculptor Jose Giroy, apprentice of National Artist Napoleon V. Abueva. Philippine and Czech officials attended the unveiling of the celebrated bust at the foyer of the Czech National Bank headquarters on Tuesday, June 26, to commemorate Rizal’s visit to Prague in 1887. In special attendance during the official unveiling of […]
(Eagle News) – Natunton na ng Bangko Sentral ng Pilipinas (BSP) ang 10,000 libong pisong kumalat sa social media. Kinumpiska na ng BSP ang mga pekeng pera. Sinabi ni Joy Lorico, managing director ng currency management ng BSP, sa Pampanga nila nakuha ang pekeng pera at nag-iisa lang ang kopya nito. Naging viral sa social media ang P10,000 perang papel kaya agad na nagpalabas ang Bangko Sentral ng abiso sa kanilang facebook account. Nilinaw ng […]
(Eagle News) — Finance Secretary Carlos Dominguez III said the government’s economic managers are pushing Congress to approve the Rice Tariffication Act as this would bring down prices of rice by around P7 per kilo and reduce inflation to below 4 percent by the second half of 2018. Dominguez said that he and the rest of the economic team agree that the best way to address inflation is for the Congress to swiftly pass […]
(Eagle News) — The Bangko Sentral ng Pilipinas on Monday released a teaser video on the New Generation Currency Coin Series. The video posted on the BSP’s Facebook account showed the physical appearances of the P1, P5, and P10 coins. The P10 coin features hero Apolinario Mabini and at the back, the kapa-kapa plant. The BSP said the coin was also “milled with edge lettering.” The P5 coin, the BSP said, features Andres Bonifacio and at […]
(Eagle News) –The Bangko Sentral ng Pilipinas on Thursday admitted that the “faceless” P100 bills were due to a “printing error.” “We have resolved the mechanical cause of printing error that led to the faceless notes,” BSP managing director Carlyn Pangilinan said. According to Pangilinan, the error was “isolated.” She said 33 misprinted P100 bills were released to the public. Of the 33, 19 have been recovered. She said that the “affected machine” has been identified […]
(Eagle News) – The Bangko Sentral ng Pilipinas on Thursday called on members of the public to come forward should they come across a “faceless” bill. “Pakiusap sa mga tao, pag may nakuhang ganyan, maaari pong dalhin sa BSP. Kung napatunayan naming na totoo ang pera, papalitan namin agad,” Carlyn Pangilinan, head of the BSP’s currency management sector, said in an interview over radio dzbb. According to Pangilinan, they could also go to the nearest […]
(Eagle News) – Inilabas na ng Bangko Sentral ng Pilipinas (BSP) ang bagong disenyo ng new generation currency banknotes. Tampok dito ang lagda ni BSP Governor Nestor Espenilla Jr., at mga bagong disenyo mula sa kasaysayan, world heritage sites at natural wonders. Ang mga bagong banknote ay alinsunod sa mandato ng BSP na mapanatili ang integridad ng salapi ng bansa. Ayon sa BSP, ang banknotes ng bansa ay nagsisilbing paalala sa kabayanihan, katapangan at pag-lalakbay […]
(Eagle News) – The Bangko Sentral ng Pilipinas announced the release in advance of the new P5 coin that will feature the portrait of Philippine revolutionary hero, Gat Andres Bonifacio, instead of the previous image of Emilio Aguinaldo who is officially recognized as the first Philippine President. The BSP said that five peso coin in the New Generation Currency (NGC) Coin Series which featured Bonifacio on the obverse or front side “highlights the 120th […]
(Agence France Presse) — One of the Philippines’ biggest banks has been sanctioned over alleged fraud by one of its executives, the central bank said Tuesday. The penalties were imposed on the Metropolitan Bank and Trust Company (MBTC) after one of its vice presidents was arrested in July on suspicion of stealing 1.75 billion pesos ($34.5 million) from the bank. Some directors and officers at MBTC, better known as Metrobank, will also be suspended, the […]
(Eagle News) — Kinukonsidera ng Bangko Sentral ng Pilipinas na gawing madali sa publiko ang pagbubukas ng basic bank account. Ayon sa BSP, dapat ay mababa ang requirements, walang bayad, aberya at maintaining balance. Target ng BSP ang beneficiaries ng Conditional Cash Transfer Program na magbukas ng bank accounts dahil sa sa ganitong paraan ay direktang mapupunta ang kanilang pera sa account sa pamamagitan ng national retail payment system. Batay sa 2014 Consumer Finance Survey […]
QUEZON City, Philippines – The Bangko Sentral ng Pilipinas forecasts an increase of 3.3% in the inflation rate in 2017 and an increase of 3% in the inflation rate in 2018. The higher inflation rate is due to the oil price hike in the world market.
