Digitalization was seen to ease inflation in the Philippines “in the long run”, according to BSP. BSP — On Tuesday, the Bangko Sentral ng Pilipinas said that digitalization was seen to ease inflation in the country “in the long run”. The central bank said that the wider adoption of digital payments in the Philippines was … Read more
BSP was working to establish a national approach against cyber fraud. BSP — On Tuesday, the Bangko Sentral ng Pilipinas said that it was working with financial institutions and industry players in order to establish a national approach against cyber fraud. Phishing incidents in the Philippines remained the top cybersecurity concern for BSFIs (BSP-supervised financial … Read more
The NBI will pursue the filing of criminal cases against the brains behind bank hacking incident, according to BSP. BSP — On Monday, an official of the Bangko Sentral ng Pilipinas said that the National Bureau of Investigation (NBI) will pursue the filing of criminal cases against the brains behind the series of bank hacking … Read more
The BSP was eyeing for more regulatory incentives for banks to boost sustainable finance shift BSP — The Bangko Sentral ng Pilipinas said that it was eyeing more regulatory incentives for banks that “embrace” sustainable financing. According to BSP Governor Benjamin Diokno, the use of preferential rediscount rates or the provision of higher loan values … Read more
A House panel has approved a bill regulating e-wallet and online banking A House panel has approved in principle a bill that will regulate the use of e-wallets and bank accounts in online transactions in a bid to address the proliferation of cybercrimes. The House Committee on Banks and Financial Intermediaries has endorsed for plenary … Read more
BSP Governor Benjamin Diokno said that he’s confident that the Philippines could achieve its growth target in 2022. BANGKO SENTRAL NG PILIPINAS — On Thursday, BSP Governor Benjamin Diokno said that he’s confident the Philippines could still achieve its growth target of 7% to 9% in 2022 despite the recent surge in coronavirus cases. In … Read more
The unauthorized reproduction of Philippine banknotes was “prohibited”, according to BSP. BSP — The Bangko Sentral ng Pilipinas reminded the public on Wednesday that printing any image or likeness of Philippine banknotes without approval was prohibited. The central bank said in a statement that doing so may result in legal action. BSP’s statement came after … Read more
BSP assured the public that banking services will continue under Alert Level 3. BSP — The Bangko Sentral ng Pilipinas assured the public that banking services will continue under Alert Level 3. On Friday, the central bank assured the public that the banking industry will continue to provide essential services to its clients. This, after … Read more
BSP Governor Benjamin Diokno has been named as “Global Central Banker of the Year 2022”. BENJAMIN DIOKNO — Bangko Sentral ng Pilipinas said that the BSP governor was named as “Global Central Banker of the Year 2022”. On Wednesday, the central bank said that Diokno has been named by an international banking magazine owned by … Read more
BSP revealed that the P20 NGC coin has come out as one of the finalists of the world’s “best new coins” BSP — The Bangko Sentral ng Pilipinas recently revealed that the P20 NGC (new generation currency) coin has come out as one of the finalists of the “best new coins” at the International Currency … Read more