Bangko Sentral ng Pilipinas (BSP) revealed that the Philippines business sentiment turned bullish in the second quarter of te year after the landslide victory of the Davao City Mayor Rodrigo Duterte in the recently concluded national and local elections based upon the latest survey of BSP. BSP deputy governor Diwa Guinigundo said the overall confidence … Read more
Financial institutions Bangko Sentral ng Pilipinas (BSP) and investment giant JP Morgan expect the Philippines will continue to grow under President Duterte. BSP, JP Morgan believes that the country will continue to attract confidence of the markets as the Philippine economic growth prospers under the administration of Mayor Rody Duterte. According to BSP Deputy Governor … Read more
Kim Wong Turnovers Completely Another Bangladesh Central Bank Money Casino junket operator Kim Wong turnovers to the Anti-Money Laundering Council (AMLC) the fourth and final part of the money amounting P250 million that is part of the $81 million stolen from the Bangladesh Central Bank by hackers. In a report by PhilStar, Wong’s lawyer, Atty. … Read more
The President of the Republic of the Philippines, Pres. Benigno “Noynoy” Aquino III has signed an executive order (EO No. 198 issued on Feb. 4) approving the merger of the two biggest banks in the Philippines, the Development Bank of the Philippines (DBP) and Land Bank of the Philippines. According to Pres. Aquino’s Executive Order … Read more
ABS-CBN reporter Warren De Guzman posted a photo of the two P100 bill on his official Twitter account and asks his followers whether they can tell which one is the new 100 peso bill. The Bangko Sentral ng Pilipinas announced that they will replace the P100 bills next year following complaints that it looks similar … Read more
The country’s monetary agency, Bangko Sentral ng Pilipinas announced on Monday, that they will start withdrawing old bank notes from circulation starting January 1, 2015 until December 31, 2015. The demonetization process of the old bank notes was revealed to the media by BSP Deputy Governor Diwa C. Gunigundo. Watch the Video Report from GMA … Read more