Money Matters for Kids exhibit teaches kids the value of money
The Bangko Sentral ng Pilipinas (BSP) is having a three-month long exhibit in Manila that aims to encourage children to save money. The exhibit dubbed “Money Matters for Kids” started last Tuesday at the Galeriya Bangko Sentral at the Metropolitan Museum in Manila. In its news release, the BSP said the “The Money Matters for [...]
August 14, 2011
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Tags: ATM, automated teller machine, Bangko Sentral, bank, bank manager, bank tellers, banking, BSP, Central Bank, Consumers, exhibit, money, Money Matters for Kids, Philippine, savings · Posted in: banking, Business News, Consumers, Corporations, economy, Education, finance, Government, innovation, money, Philippine banks, Philippine business news, Philippines
Ongpin-led group most like to gain control of PBCom
ISM Communication Corp., a company led by former trade minister Roberto V. Ongpin, leads the race for the control of Philippine Bank of Communications (PBCom). PBCom, with existing 64-branches, is on the auction block commanding a floor price of P4.3 billion, or about P25 per common and preferred share. It has attracted suitors wishing to [...]
June 23, 2011
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Tags: Banco De Oro, bank, banking, BDO, BSP, business news, finance, financial advisor, ISM, Macquarie, Ongpin, PBCom, Philippines, PSE · Posted in: banking, Business News, Corporations, finance, franchise, investments, money, Philippine banks, Philippine business news, Philippines
Banco De Oro sets eye on acquiring PBCom
Banco de Oro plans to acquire PBCom or the Philippine Bank of Communications. Banco de Oro Unibank submitted an offer to over the operations of PBCom. PBCom confirmed in its disclosure to the Philippine Stock Exchange (PSE) that BDO indeed submitted a proposal to invest in the bank. The Henry Sy-led BDO, however, in its [...]
June 21, 2011
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Tags: Banco De Oro, bank, banking, BDO, BSP, business news, finance, PBCom, Philippines, PSE · Posted in: Announcement, banking, Business News, Corporations, Customer Service, finance, investments, money, Philippine banks, Philippine business news, Philippines
BSP to convert Libyan dinar until June 30 only
The Monetary Board of Bangko Sentral ng Pilipinas (BSP) said it will terminate the Currency Exchange Facility (CEF) for Libyan dinars. The facility was established in March to help overseas Filipino workers (OFWs) displaced by the strife in the North African country. With the CEF, each OFW may exchange up to P10,000 worth of Libyan [...]
April 29, 2011
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Tags: bank, banking, BSP, exchange rate, foreign currency, Foreign exchange, forex, Libyan dinar, money, OFWs, Philippines · Posted in: Announcement, banking, Consumers, e-commerce, finance, Foreign exchange, Government, International relations, money, OFWs, Philippine banks, Philippine business news, Philippines
Banco Filipino was also delisted from PSE
Days before Banco Filipino Savings and Mortgage Bank was closed by the Bangko Sentral ng Pilipinas, and even before the bank went on “voluntary bank holiday,” Banco Filipino was delisted by the Philippine Stocks Exchange (PSE) from its official registry, which means that the bank can no longer buy or sell shares of stocks. Although [...]
March 24, 2011
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Tags: Banco Filipino, bor, BSP, delisted, disclosure, PDIC, PSE, receivership, SEC, stocks exchange board · Posted in: banking, Corporations, economy, finance, franchise, investments, Law, money, Philippine banks, Philippine business news, Philippines, Stock Market
Banco Filipino asks Court of Appeals to issue TRO
It seems that Banco Filipino hasn’t given up on its fight yet because it has asked Court of Appeals to issue a temporary restraining order (TRO) on the closure order issued by the Bangko Sentral ng Pilipinas (BSP) last week. Banco Filipino vice chairman Perfecto Yasay said they have filed a petition for certiorari with [...]
March 21, 2011
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Tags: Banco Filipino, banking, Banks, BSP, Central Bank, insolvency, Monetary Board, money, PDIC, Peso, Philippine, receivership · Posted in: banking, economy, finance, Government, Law, money, Philippine banks, Philippine business news, Philippines
Banco Filipino ordered closed for the second time
The Bangko Sentral ng Pilipinas shuts down Banco Filipino Savings and Mortgage Bank yesterday, after it “temporarily” closed its doors to its depositors this week. The Aguirre family-owned Banco Filipino was received closure order from BSP for its insolvency. The bank’s liabilities exceed its assets by P8.4 billion. The seven-member Monetary Board decided yesterday to [...]
March 17, 2011
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Tags: Banco Filipino, Bangko Sentral, bank, banking, BSP, closure order, MB, Monetary Board, money, PDIC, Philippines, receivership · Posted in: banking, Corporations, economy, finance, Government, Law, money, Philippine banks, Philippine business news, Philippines
Banco Filipino went on bank holiday, blames BSP
The Banco Filipino Savings and Mortgage Bank went on a bank holiday yesterday, which brought concerns to its depositors who were not aware of what was happening with their bank. The thrift bank has been encountering heavy withdrawals lately as many of its clients were worried about its financial health. Banco Filipino currently has about [...]
March 15, 2011
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Tags: Banco Filipino, bank holiday, bank run, Banks, BSP, Central Bank, finance, Monetary Board, overdraft, Philippine Bank · Posted in: banking, Consumers, economy, finance, Philippine business news, Philippines
First Gas to borrow $80 million from local banks
First Gas Power Corp. is planning to borrow $80 million from local banks, and the Lopez-controlled is seeking the approval of Bangko Sentral ng Pilipinas to borrow the said amount, which was said to be higher that what was being considered earlier by the company, which was only $50 million. The company is the one [...]
May 16, 2010
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Tags: bank, banking, borrowing, BSP, FCDU, finance, First Gas, foreign currency, loan, money, Philippines, power plant · Posted in: banking, Corporations, economy, finance, Foreign exchange, money, Philippine business news, Philippines
BSP to issue peso bills with new designs by December
By December of this year, we could be having new designs on our peso bills. The Bangko Sentral ng Pilipinas (BSP) would begin circulating by December the new peso bills, while coins will follow suit after two years. According to the BSP, aside from having new designs, the new bills and coins will also have [...]
March 27, 2010
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Tags: Bangko Sentral, BSP, business news, Central Bank, currency, finance, legal tender, monetary, money, Peso, Philippines · Posted in: Announcement, banking, Consumers, economy, entrepreneurship, finance, Government, money, Philippine business news, Philippines
