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
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
iRemit to open more branches in Europe
After securing a license to operate in Europe, iRemit made true to its commitment of servicing overseas Filipino worker (OFWs) staying in the region with iRemit Europe. Now, still the largest Filipino-owned non-bank remittance company, iRemit wants to strengthen its presence in Europe as it plans to open more branches in major cities in the [...]
May 7, 2010
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Tags: business news, finance, foreign currency, Foreign exchange, iRemit, Italy, money, non-bank, OFW, overseas Filipino workers, Philippines, remittance, Rome · Posted in: Announcement, banking, Consumers, Customer Service, economy, finance, Foreign exchange, International relations, money, OFWs
