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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Roy · 
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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
Philippine Peso to climb up to P43 to $1
In spite of the prediction of some economist that the peso will soon weaken, especially during the coming elections, it continues it upwards surge. According to American banking giant Citigroup, it even sees the peso strengthening to 43 to $1. According to Citigroup economist Jun Trinidad, the country’s “export earnings as well as the tightening [...]
April 20, 2010
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Tags: dollar, dollar trading, economy, Foreign exchange, forex, money, Peso, Philippine · Posted in: economy, finance, Foreign exchange, money, 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
Peso to reach P44 to $1
Prakriti Sofat, an economist from leading global investment house Barclays Capital said the peso could reach 44 to the dollar level by the end of the year because of recovery in exports and the steady inflows of remittances. In the report from Philippine Star, Sofat said the outlook for Philippine exports remains positive given the [...]
March 14, 2010
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Tags: dollar, economy, export, Foreign exchange, forex, Peso, Philippines, remittances · Posted in: banking, Consumers, entrepreneur, finance, Foreign exchange, Government, investments, money, Philippine business news
BSP okay with “Money Laundering”
Only because of the aftermath of Tropical Storm Ondoy, the Bangko Sentral ng Pilipinas permits banks to do “Money Laundering” operations. Of course, money laundering here does not refer to those wealth which came from questionable sources. When BSP gave a go signal to money laundering, it refers to changing those soiled bills where were [...]
October 9, 2009
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Tags: Bangko Central ng Pilipinas, Banks, BSP, calamity, flash flood, money laundering, new bills, Ondoy, Peso, Philippine, Philippine currency, replacement · Posted in: Announcement, banking, Government, money, Philippine banks, Philippine business news, Philippines
