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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 […]
Holding banks accountable for the actions of their cash agents will provide better protection for consumers, especially those who rely on the “padala” of their relatives to help them get by during these trying times. Senator Grace Poe said the central bank’s push for financial inclusion will benefit from the necessary safeguards and encourage more […]
Senator Grace Poe urged the Bangko Sentral ng Pilipinas (BSP) to advocate for the rights of consumers and use its influence on banks to ensure fraud victims get their money back. “Financial regulators are keen on throwing banks a line when they are deemed to be too big to fail. Equally, individuals deserve proper and […]
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 […]