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
Grand Lotto reaches P160 M
The 6/55 Grand Lotto online lottery would have a jackpot of up to P160 million in tonight’s draw, according to the Philippine Charity Sweeptakes Office (PCSO). PCSO general manager Jose Ferdinand Rojas II said that nobody got the winning number combination on last Wednesday night’s draw, a nationwide lotto frenzy started to build up the [...]
April 30, 2011
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Tags: 160 million, 6/55 Grand Lotto, biggest lotto prize, minor winners, online lottery, Philippine · Posted in: Announcement, Consumers, finance, Government, money, Opportunities, People, Philippines, Poverty
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
PDIC announced schedule of Depositors’ Forum
The Philippine Deposit Insurance Corp. (PDIC) released the schedule of depositors’ forum for clients of the closed Banco Filipino Savings and Mortgage Bank. The Depositors’ Forum, which will be held from March 22 to 30 in Metro Manila, Pampanga (Central Luzon) and Laguna (Southern Luzon), will brief the depositors on the procedures and requirements for [...]
March 19, 2011
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Tags: Banco Filipino, bank, banking, Depositors' Forum, money, PDIC, Philippine, receivership · Posted in: banking, Consumers, Customer Service, finance, investments, money, People, Philippine banks, Philippine business news, Philippines
Minor winners of the 6/55 Grand Lotto
While there was only one winner in the P741-million lotto jackpot, there were a lot of minor winners in the 6/55 Grand Lotto drawn recently. The highest Philippine Lotto jackpot prize also produced more than 130,000 bettors who won minor prizes. The Philippine Charity Sweepstakes Office (PCSO) report a total of 134,756 minor prizes winners, [...]
November 30, 2010
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Tags: 6/55 Grand Lotto, biggest lotto prize, minor winners, Philippine · Posted in: money
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
Five banks signed trade finance agreement with ADB
The Asian Development Bank is making funds available to Philippine traders via its $1-billion regional facility. To help traders get access to this fund, the ADB signed a trade finance agreement with five banks – Development Bank of the Philippines, Metropolitan Bank and Trust Co., Philippine National Bank, Rizal Commercial Banking Corp. and Allied Banking [...]
February 23, 2010
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Tags: ADB, bank, banking, finance, funds, money, Philippine · Posted in: Announcement, banking, Corporations, economy, finance, Loans, money, Opportunities, Philippine banks, Philippine business news, Philippines
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
SMC sells assets to fund diversifications
The food and beverage giant San Miguel Corp. is looking to sell a minority stake in its food, hard liquor, international beer and packaging units. SMC plans to sell its assets in its effort to raise $600 million, the proceeds of which will be used to its new ventures which are outside its traditional businesses. [...]
September 19, 2009
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Tags: asset sale, business news, diversification, Ginebra, GSIS, Philippine, Pure Foods, SMC · Posted in: Corporations, investments, Philippine business news
