BSP Announces ATM Services To Increase by P3 Per Transaction The ATM services are set to increase at least P3.00 per transaction to recover their operating costs, according to BSP. The Bangko Sentral ng Pilipinas (BSP) has already allowed several banks to raise ATM fees but they need to comply with particular conditions. The hike […]

Here’s A Possible Factor That Could’ve Brought The Inflation Rate To 3.2% HIGHER PRICES – Malacañang, last Wednesday, that the slight increase in inflation rate was due to higher costs of food, rent and utilities as well as fuel. In a previous post, the inflation rate went up by a small number after six months […]

BSP Executives Still Highest Paid Government Officials According to COA The Commission on Audit (COA) revealed that the executives of the Bangko Sentral ng Pilipinas (BSP) are still the highest paid government officials. BSP executives dominated the list of highest paid government officials based on COA’s Report on Salaries and Allowances (ROSA). The late BSP governor […]

List of Philippine Rural Banks Under BSP PHILIPPINE RURAL BANKS – Here is a list of more than 100 rural banks in the Philippines. Currently, there are more than a hundred banks in the Philippines including the subsidiaries of giant banking companies. Some of these banks belong to the Philippine Commercial Banks and the Philippine […]

BSP Grants Electronic Money Issuer License To Bacolod-Based SpeedyPay BSP- The Banko Sentral ng Pilipinas granted the EMI license to the Bacolod-based SpeedyPay. The Philippines has various types of banks, from small to large universal banks. Currently, the country has 36 universal banks, 492 rural banks, and 57 savings banks. All of these banks were […]

Basic Commodity Prices Expected To Increase, BSP Says The Bangko Sentral ng Pilipinas (BSP) said that the basic commodity prices are expected to increase again this month of September. Over the past few months, the inflation rate on the prices of basic commodities has been one of the most discussed topics on the social media. The […]

Fake Documents Use For New Scam Revealed By BSP The Bangko Sentral ng Pilipinas (BSP) has warned the public to be aware against the new scam using fake documents allegedly issued by the central bank. On Thursday (June 28, 2018), the central bank of the Philippines warned the public against the fraudsters who were using […]

BSP Releases Official Statement On Viral P10,000 Banknote The Bangko Sentral ng Pilipinas (BSP) has finally released an official statement disclosing speculation regarding the viral P10, 000 banknote. Over the past few days, the photo of alleged P10, 000 bill spread like a wildfire online after it was posted on the social media. Most of […]

The BSP spoke on the issue regarding the alleged shipment of gold bars to Thailand. BSP – The Bangko Sentral ng Pilipinas asserted that there is no circular that supposedly permitted the alleged shipment of the gold bars to Thailand. In a previous news report, it is stated that former Pres. Benigno ‘Noynoy’ Aquino III […]

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 […]