Tag Archives: Bangko Sentral ng Pilipinas
Get to Know: New Philippine Peso Bills
Why is the BSP changing the designs of our money? As a matter of practice, central banks regularly change the designs of their money – whether coins or banknotes –… Read more
Encourage Kids to Save Money
Habits, good or bad, truly start young. In an effort to teach children the importance of money management, the Bangko Sentral ng Pilipinas (BSP) and partner institutions have embarked on… Read more
Fewer OFW Families Saving Amid Low Remittance Rates
BECAUSE of the strong peso, fewer families who are receiving remittances from overseas are allocating a portion into savings. The Bangko Sentral ng Pilipinas (BSP) reported that the percentage of… Read more
Smart Offers Hub for Seafarers
Wireless leader Smart Communications, Inc. (Smart) recently inaugurated a one-stop hub designed to provide its slew of services for Filipino seafarers, within the premises of the Maritime Industry Authority (MARINA)… Read more
OFW Remittances Reach $11.4B From Jan-July
The Bangko Sentral ng Pilipinas (BSP) reported over the weekend that remittances sent to the Philippines by overseas Filipinos totalled $11.4 billion in the first seven months this year. The… Read more
OFW Families Urged Not to Hoard Dollars
Bankers are urging beneficiaries of remittances from overseas Filipino workers (OFWs) not to accumulate US dollars as economic growth in the economic superpower is expected to crawl in the long… Read more
OFW Remittances Up 7% in May, Fastest Since January
Remittances by overseas Filipino workers (OFWs) grew 6.9 percent in May, its fastest monthly increase since January amid political tensions in the Middle East and North Africa (MENA), the disaster… Read more
Remittances from Skilled OFWs Drop Sharply in 2010
Remittance flows from “professionals” and “technicians and associate professionals” plummeted sharply in calm 2010 after rising markedly in crisis-laden 2009, a government survey showed. Data from the annual Survey on… Read more
Bangko Sentral: BDO is Top Remittance Bank in 2010
BDO Unibank, Inc. (BDO) was awarded the Top Commercial Bank in Generating Remittances from Overseas Filipino for 2010 by the Bangko Sentral ng Pilipinas (BSP). The citation has earned the… Read more
OFW Remittances Up 6% to $6.2 Billion in 4 Months
Remittances from overseas Filipino workers (OFWs) climbed six percent in the first four months of the year after recovering from a steady slowdown since November last year on the back… Read more
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