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Senator Francis Tolentino urged the Bangko Sentral ng Pilipinas (BSP) to order the removal of the online sabong (cockfight) feature from existing e-wallet applications amid the latest order issued by Malacañang that stopped e-sabong (online cockfighting) operations. According to Tolentino, since President Rodrigo Duterte already “cut the legal umbilical cord” of the e-sabong industry, the […]
The House of Representatives approved a measure that provides for the registration, regulation, and operation of cooperative banks. During the plenary session, a total of 156 lawmakers voted to approve House Bill 9541, which provides for the establishment, management, and regulation of cooperative banks under the supervision of the Bangko Sentral ng Pilipinas as a […]
Senator Win Gatchalian is urging the Bangko Sentral ng Pilipinas (BSP) to reconsider its plan to replace the country’s World War II heroes in the P1,000 banknote with the Philippine Eagle, a move that he says would erase our heroes from the consciousness of future generations and deny their rightful place in history. “We should […]
“No more heroes.” In light of the removal of three World War-II martyrs in the redesigned P1,000 banknote, Senator Nancy Binay suggested that a congressional concurrence is necessary before any major redesign is made in coins and notes by the Bangko Sentral ng Pilipinas. Binay suggested that designs made in the legal tender should first […]
Senator Win Gatchalian is pushing for the creation of a multi-agency task force that would be responsible for mitigating the effects of rising inflation in the country. “I think the Department of Finance (DOF) can probably create a task force to address inflation. It can be a multi-sectoral and multi-departmental task force so that we […]