IKOT.PH
Fines of up to P2 million and up to five years of jail time await unethical financial service providers and scammers found guilty of a bill the House of Representatives passed before going to recess.This according to Quirino Rep. Junie Cua, who on Tuesday said House Bill Number 6768, or the Financial Products and Services […]
A Laguna solon who shepherded the law on the national identification system has lauded the move by the Bangko Sentral ng Pilipinas to shoulder the cost of producing the ID cards. This after the BSP signed a memorandum of agreement with the Philippine Statistics Authority (PSA) on Monday to produce blank cards for IDs under […]
Senator Win Gatchalian said the deceleration of the country’s headline inflation to 2.7 percent in June would give the Bangko Sentral ng Pilipinas (BSP) more elbow room to adjust policy rates. Gatchalian, chair of the Senate committee on economic affairs, said the BSP could start easing its policy stance to help the country’s growth trajectory […]
Senator Win Gatchalian said the continuing downtrend in the headline inflation is a welcome development as the Bangko Sentral ng Pilipinas (BSP), under the leadership of newly-appointed Governor Benjamin Diokno, will have “more elbow room” to make adjustments in the country’s policy rates to spur economic growth. Gatchalian said the country pulled a “better-than-expected” inflation […]
The proposed rice tariffication law is projected to temper inflation in the coming months as it will bring down the prices of the staple grain, Senator Sonny Angara said. Angara made the statement following the report of the Bangko Sentral ng Pilipinas (BSP) that year-on-year headline inflation moderated to an average of 5.9 percent in […]
Senator Sonny Angara has called for the swift passage of his bill seeking to boost the country’s gross international reserves (GIR) by granting tax exemptions to small-scale miners who would sell their gold to the Bangko Sentral ng Pilipinas (BSP). “I strongly urge the honorable members of the Philippine Senate to approve the passage of […]
The Senate has ratified the bicameral conference committee report on a bill increasing the Bangko Sentral ng Pilipinas’ (BSP) capitalization from P50 billion to P200 billion and strengthening its regulatory powers. “The bicameral conference committee adopted en toto the Senate version except for one amendment. They removed the tax provision that will go to the […]
A bill seeking to establish a sound legal and regulatory framework for the development of Islamic banks in the country has been recently filed by Senator Win Gatchalian. In filing Senate Bill No. 2105 (SB 2105) or “An Act Providing for the Regulation and Organization of Islamic Banks,” Gatchalian highlighted the role of Islamic banking […]
With Bangko Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco Jr. set to step down on July 3, the head of one of the country’s top universities is hoping President Rodrigo Duterte will announce the name of his successor by May this year to pave the way for a transition that will assure investors […]