ARTA denied LYKA’s appeal for an automatic SEC registration ARTA – The Anti-Red Tape Authority turned down the request of social media app LYKA for the automatic approval of its application for company registration with the Securities and Exchange Commission (SEC). ARTA said in a notice of denial that the anti-red tape body denied the … Read more
BSP on 150-Piso banknote: “Images of the said banknote circulating on social media are fictitious” BSP – The Bangko Sentral ng Pilipinas said that images of the 150-Piso banknote circulating on social media are fictitious. The central bank released an advisory about the fake 150-Piso banknote circulating in social media. On Thursday, the BSP said … Read more
BSP: “The public is also encouraged to regularly use their coins in paying for goods and services” BSP – The Bangko Sentral ng Pilipinas said that the supply of fresh coins and banknotes is enough for the holiday season. The central bank said in a statement that the demand for new coins and banknotes soars … Read more
BSP: “VASPs that facilitate the conversion or exchange of fiat currency to VA or vice versa are expected to maintain sufficient unencumbered liquid assets” BSP – The Bangko Sentral ng Pilipinas recently warned all registered virtual asset service providers (VASPs) against misuse of funds. In the wake of the collapse of FTX, the central bank … Read more
BSP: “The BSP will continue to monitor closely emerging price developments” BSP — The Bangko Sentral ng Pilipinas said that inflation could surpass 13-year highs this month given the higher commodity prices during the month. On Monday, the central bank projects inflation to settle within the 7.1% to 7.9% range this month, higher than the … Read more
BSP: “POLYMER-READY na ang mahigit 2,000 na ATMs sa buong Pilipinas!” BSP — The Bangko Sentral ng Pilipinas announced that polymer banknotes can already be withdrawn in selected automated teller machines (ATMs). The central bank said in a tweet on Thursday that the 1000-piso polymer banknotes can already be withdrawn in some 2,425 ATMs in … Read more
BSP: “All denominations of the BSP Coin Series and the New Generation Currency Coin Series are legal tender” BSP — The Bangko Sentral ng Pilipinas recently reminded the public to use and accept coins for payments. On Wednesday, the central bank said coins that are currently in circulation are legal tender and should be accepted … Read more
DFA: “The public is advised that the details in the printed ePhilID must be clear, readable, and contain the same details as the presented documentary requirements during the passport application” DFA — The Department of Foreign Affairs announced that the printed digital version of the national ID can now be used and accepted in applying … Read more
BSP: “This does not help the Philippine peso; it does not help the Philippines” BSP — The Bangko Sentral ng Pilipinas recently appealed to people not to take “undue advantage” of the changing market conditions. In an emailed statement to GMA News Online on Tuesday, the central bank said that the BSP remains committed to … Read more
The Monetary Board raised the BSP key policy rate by 50bps. The Monetary Board raised the key policy rate of the Bangko Sentral ng Pilipinas (BSP) anew by 50 basis points (bps). On Thursday, the central bank raised its policy rate by 50bps hours after the US Federal Reserve (Fed) announced another aggressive rate hike. … Read more