Government Archives - MoneySense Philippines

MB Approves Reputational Risk Management Guidelines

BSP approves reputational risk management guidelines

April 16, 2021April 16, 2021 MoneySense 0 Comments Bangko Sentral ng Pilipinas, Benjamin E Diokno, BSFIs, bsp, BSP governor, financial institutions, Monetary Board, operational risk, Philippines, reputational risk, reputational risk management, risk management, social media

The Monetary Board approved the guidelines on reputational risk management which set out the supervisory expectations for Bangko Sentral ng

Banking Cards Government Loans News

BSP maintains ceilings on credit card transactions

April 8, 2021April 8, 2021 MoneySense 0 Comments Bangko Sentral ng Pilipinas, banking, cash advance, circular 1098, credit card, credit card cash advance, credit cards, installments, interest rate, interest rates, Monetary Board, outstanding credit card balance, Philippines, rates

The Monetary Board maintained the credit card ceilings on credit card transactions under Circular No. 1098 dated 24 September 2020.

Government News Press Release

SEC extends deadline for GIS submission

April 5, 2021April 5, 2021 MoneySense 0 Comments accounting, annual meeting, auditing, companies, compliance, corporate, corporation, general information sheet, GIS, Philippines, SEC, Securities and Exchange Commission

The Securities and Exchange Commission (SEC) has extended the deadline for the submission of the General Information Sheet (GIS) to

SSS taps BPI as new payment gateway in mobile app

Business Digital Banking Government News Press Release Taxes Tech Tools

BIR has TIN verifier app for taxpayers

March 8, 2021March 8, 2021 MoneySense 0 Comments app store, Arnel Guballa, BIR, BIR deputy commissioner, Bureau of Internal Revenue, mobile TIN, Philippines, revenue memorandum, Taxpayer Identification Number, TIN Verifier app

The Bureau of Internal Revenue (BIR) has launched its Mobile Taxpayer Identification Number (TIN) Verifier app that lets taxpayers validate

Digital Banking Government News Payments Press Release

SEC makes payments easy with online portal

March 1, 2021 MoneySense 0 Comments Emilio Aquino, Emilio B. Aquino, Land Bank of the Philippines, payments, Philippines, registration, SEC, SEC chair, SEC Payment Portal, Securities and Exchange Commission, transaction fees

Paying registration and other transaction fees in the Securities and Exchange Commission (SEC) is now faster, more convenient, and secure

Banking Digital Banking Government News Payments Press Release

BSP creates Payments and Currency Management Sector, names new deputy governor

February 24, 2021 MoneySense 0 Comments Bangko Sentral ng Pilipinas, Benjamin Diokno, central bank, digital money, digital transformation, e-peso, financial services, Mamerto E. Tangonan, mobile money, Payments and Currency Management Sector, PCMS, Philippines, physical currency, USAID

The Bangko Sentral ng Pilipinas (BSP) has recently established the Payments and Currency Management Sector (PCMS) which is tasked to

Bonds Government Investments IPO News Press Release

SEC clears Aboitiz Power’s bond offering, Ace Medical Center – Palawan’s IPO

February 24, 2021February 24, 2021 MoneySense 0 Comments Aboitiz, Aboitiz Power, ACE, Ace Medical Center, ACE Medical Center - Palawan, Allied Care Experts, bond, ipo, Palawan, Philippines, SEC, Securities and Exchange Commission

The Securities and Exchange Commission (SEC) has considered favorably the public fundraising of Aboitiz Power Corp. and Allied Care Experts

Banking Economy Government News Press Release

SEC releases draft implementing rules of FIST Act

February 19, 2021February 19, 2021 MoneySense 0 Comments Bangko Sentral ng Pilipinas, BIR, economy, Financial Institutions Strategic Transfer, FIST, FIST Act, IRR, NEDA, non-performing assets, Philippines, securities, Securities and Exchange Commission

The Securities and Exchange Commission (SEC) has released the draft Implementing Rules and Regulations (IRR) of Republic Act No. 11523,

Business Government Insurance News Press Release

IC targets rollout of Catastrophe Insurance Facility in first quarter

February 18, 2021February 18, 2021 MoneySense 0 Comments Carlos Dominguez III, catastrophe insurance, catastrophe insurance facility, Dennis Funa, disaster, Filipinos, Finance Secretary, Insurance Commission, Insurance Commissioner, Philippines

The Insurance Commission (IC) is targeting to roll out in the first quarter of 2021 the Philippines’ first private sector-led

Government Investments News Press Release Property

SEC okays DoubleDragon’s REIT offering

February 17, 2021February 17, 2021 MoneySense 0 Comments CIMB Investment Bank, Credit Suisse, DDMP, dividend, DoubleDragon, DoubleDragong Properties Corp, Investing, investment, leasing, Macquarie Capital, Maybank Kim Eng Securities, Philippines, Property, Real Estate, real estate investment trust, REIT, SEC, Securities and Exchange Commission

The Securities and Exchange Commission (SEC) has considered favorably the nearly P14.71 billion initial public offering (IPO) of a real

Government Investments News Press Release Scams

SEC cancels Chiyuto’s OPC registration over illegal investment scheme

February 16, 2021 MoneySense 0 Comments capital, Chiyuto, Chiyuto Creative Wealth Documentation Facilitation Services, Filipinos, Investing, investment, Patrocenio Calvez Chiyuto Jr, Philippines, Ponzi scheme, SEC, securities, Securities and Exchange Commission

The Securities and Exchange Commission (SEC) has revoked the certificate of incorporation of Chiyuto Creative Wealth Documentation Facilitation Services for

Government Investments News Press Release Scams

SEC warns against crypto, crowdfunding, and franchising scams

February 16, 2021February 16, 2021 MoneySense 0 Comments Aarron Bates, Abdul Rehman Sandhu, Asim Mirza, BitAccelerate, Bitaccelerateproject.com, BitAccelerator, Equity Token, Florian Krueger, i100, Igniter 100, Jams Mart, Nino Luis A. Jamili, Nino Luis Jamili, Philippines, SEC, securities, Securities and Exchange Commission, Securities Regulation Code, Serge Meulenbelt, Solmax Global Limited, Steven Lubka, Thelma Dhlovu

The Securities and Exchange Commission (SEC) has warned the public against individuals and groups engaged in unauthorized investment-taking activities disguised

Banking Government News Payments Press Release

Higher range of ATM fees expected starting from April 7

February 11, 2021February 11, 2021 MoneySense 0 Comments ABFC, atm, ATM fee charging, ATM fees, ATMs, Bangko Sentral ng Pilipinas, banking, banks, Philippines

Starting April 7 this year, banks shall adopt acquirer-based ATM fee charging (ABFC), which is one of the requirements of

Economy Government News Press Release

6 of 30 institutions correctly predicted Philippines’ GDP of -9.5% for 2020

February 11, 2021February 11, 2021 MoneySense 0 Comments ADB, BDO Unibank, BPI, Capital Economics, DBS, DBS Bank, Department of Finance, economy, Finance Secretary Carlos Dominguez III, financial institutions, GDP, Gil Bletran, Global Source Partners, Goldman Sachs, gross domestic product, Institute of International Finance, Morgan Stanley, Philippine National Bank, Philippines, RCBC, Rizal Commercial Banking Corp, S&P Global Ratings

A fifth of the 30 institutions polled by the Department of Finance (DOF) correctly predicted the contraction of the Philippines’

Corporate Social Responsibility Government Press Release

Partnership for Fishers’ Financial Education Launched

February 8, 2021February 8, 2021 MoneySense 0 Comments Bangko Sentral ng Pilipinas, BDO, BDO Foundation, Benjamin Diokno, bsp, Filipino fishermen, Filipinos, fishers, Patrick Wesner, Philippines, William Dar

The Department of Agriculture through the Bureau of Fisheries and Aquatic Resources (DA-BFAR), the Bangko Sentral ng Pilipinas (BSP), BDO

Digital Banking Government Loans News Payments Press Release Retirement

Compulsory use of payment reference numbers for short-term SSS loan payments starts April 1

February 5, 2021February 5, 2021 MoneySense 0 Comments Aurora C. Ignacio, BancNet, banking, banks, digitization, egov, loans, ofw, overseas filipino workers, overseas worker, payment reference numbers, Philippine National Bank, Philippines, PRN, PRN loan payments, social security, SSS, SSS loan

Computer-generated payment reference numbers (PRNs) will be required for short-term loan payments starting April 1, 2021, state fund Social Security

Government Investments News Press Release Scams Wealth

SEC stops Chiyuto’s illegal investment scheme

February 4, 2021February 12, 2021 MoneySense 0 Comments Chiyuto, Chiyuto Creative Wealth Documentation Facilitation Services, double-your-money, Judy B Pajarillo, Maricris Can Chiyuto, Patrocenio Chiyuto Jr, Philippines, roulette game, SEC

The Securities and Exchange Commission (SEC) has barred Chiyuto Creative Wealth Documentation Facilitation Services from soliciting investments from the public

Banking Digital Banking Economy Government News Press Release

BSP Establishes Guidelines on Virtual Asset Service Providers

January 26, 2021January 26, 2021 MoneySense 0 Comments AML, Bangko Sentral ng Pilipinas, Benjamin Diokno, BSP governor, digital banking, financial technology, financing, fintech, framework, licensing, liquidity risk management, Monetary Board, money service business, MSB, peso, Philippines, VASP, VASPs, VCE, virtual asset, virtual asset service providers, virtual assets, virtual currency, virtual currency exchange

The Monetary Board (MB) approved the guidelines on virtual asset service providers (VASP), or entities that facilitate financial services through

Business Corporate Social Responsibility Cybersecurity Economy Government News Press Release

DOF launches anti-corruption website

January 5, 2021January 5, 2021 MoneySense 0 Comments anti-corruption, Bureau of Customs, Bureau of Internal Revenue, Carlos Dominguez III, Department of Finance, DOF, DOJ Mega Task Force, Menardo Guevarra, Philippines, Revenue Integrity Protection Service, RIPs, Sonny Dominguez

The office of Finance Secretary Carlos Dominguez III has announced the launch of its “Information against Corruption Page” on the

Family Government News Press Release Scams

PSA denounces ‘padukot kasal’ or ‘deletion of marriage’ services

December 28, 2020December 28, 2020 MoneySense 0 Comments CENOMAR, Certificate of No Marriage, deletion of marriage, Filipios, Marriage, padukot kasal, Philippine Statistics Authority, Philippines, PSA

The Philippine Statistics Authority (PSA) strongly denounces the “padukot kasal” or “deletion of marriage” services proliferating on Facebook. “We duly

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