Philippine Information Agency Central Visayas

  TAGBILARAN CITY, Bohol, (PIA) — The Bangko Sentral ng Pilipinas (BSP) is urging local government units (LGUs) to adopt cashless transactions.  BSP deputy director for payments policy and development department Maria Christina Masangkay, said they are promoting digital payments as it allows everyone in the community to benefit from financial inclusion.  BSP, together with the Department of Interior and Local Government (DILG), earlier issued Joint Memorandum Circular 1-2022 which outlined the guidelines for LGUs to participate in the Paleng-QR PH program.  Launched in 2019, the Paleng-QR PH works as a person-to-person or person-to-merchants exact payment system.  The program aims to promote the adoption of digital payments in wet markets and public transport and help vendors and consumers feel safer in their financial exchanges.  “QR PH is the national QR code standard that allows fast, low-cost methods to pay, transfer and get funds from other banks and e...

  CEBU CITY, Cebu (PIA) -- With a large population of digital native young Filipinos and the growing number of Filipinos in general who are using digital transactions, the Bangko Sentral ng Pilipinas (BSP) said the Philippines is ready for digital adoption.  According to Maria Lourdes Jocelyn S. Pineda, vice president of the Digital Bank Association of the Philippines, 72 percent of the Filipino population belongs to a large digital native young population who are 40 years old and below.  “We also have a high consumptive population ages 15 to 65 years old,” added Pineda during the BSP’s 5th Regional Macroeconomic Conference Series (RCMS) held recently in Cebu. Pineda said the increasing popularity of digital payments is the result of BSP’s efforts towards financial inclusion.  “Digital banks are the result of BSPs’ push for financial inclusion. It is intended to provide access to all the Filipinos with swiffer financial services at a lower cost,” said Pineda. Because...

  TAGBILARAN CITY, Bohol, July 17 (PIA) -- Aduna ka bay gisi-gisi ug hugaw nga mga kwarta? Mahimo na kining paalisdan og tuskig ug bag-ong mga sensilyo pinaagi sa P iso Caravan sa Bangko Sentral ng Pilipinas (BSP) Visayas Regional Office. Ang BSP nag-awhag sa publiko sa pagpahimulos sa mga serbisyo nga itanyag sa  Piso Caravan Program  dinhi sa lalawigan sa Bohol gikan Hulyo 18 hangtod 21, 2023. Sa Hulyo 18 ug 19 (Martes ug Miyerkols), ipahimutang ang Piso Cavaran sa Old Tagbilaran Airport ning dakbayan gikan alas 9 sa buntag hangtod alas 4 sa hapon. Uban kini sa  Sandugo Agricultural Fair 2023 , sa pakigtambayayong sa  Provincial Government of Bohol (PGBh). Sa Hulyo 20 (Huwebes), moadto ang  Piso Caravan sa Rue de Premier, Alona Carpark,  sa lungsod sa Panglao gikan alas 9 sa buntag taman alas 3 sa hapon. Samtang sa Hulyo 21 (Biyernes), mahimong magpailis sa mga gisi ug hugaw nga mga kwarta didto sa  Sandugo Trade Expo, Activity Area sa lsland Ci...

  TAGBILARAN CITY, Bohol, July 18 (PIA) -- The Bangko Sentral ng Pilipinas (BSP) Visayas Regional Office brought its Piso Caravan program to the province of Bohol to replace unfit and mutilated bank notes and coins. The four-day caravan, which kicked-off on July 18 at the Old Tagbilaran City Airport, aims to ensure that people’s money are safe and clean. BSP urged the public to replace their unfit currency with fresh banknotes and coins during the caravan.  For July 18 and 19, the caravan will be at the Old Tagbilaran City Airport from 9:00 a.m. to 4:00 p.m.  This is in line with the Sandugo Agricultural Fair 2023 activity in partnership with the Provincial Government of Bohol (PGBh). On July 20, the caravan will proceed to the Rue de Premier at Alona Carpark in Panglao town from 9:00 a.m. until 3:00 p.m, then on July 21, the Piso caravan will be at the Sandugo Trade Expo at the Activity Area of the lsland City Mall in Tagbilaran City from 10:00 a.m. to 2:00 p.m. Unfit ba...

  TAGBILARAN CITY, Bohol, June 6 (PIA) -- Gipangunahan ni Presidente Ferdinand R. Marcos Jr. ang paglusad niadtong Lunes sa  commemorative coin  alang sa kasaulogan sa ika-125 nga anibersaryo sa  Philippine Independence and Nationhood (APIN)  sa Malacañang. Sa iyang pakigpulong atol sa kalihokan, ang Presidente, uban ni  Bangko Sentral ng Pilipinas (BSP) Gobernador Felipe Medalla,  miingon nga ang paglusad mahinungdanon kaayo nga nag-ingon nga sa tinuod nga diwa, ang pagtukod sa usa ka pormal nga kwarta sa bisan unsang nasud kabahin sa kahulogan sa pagka-soberano nga nasud. “ And that’s why we have to see it not just a very, very souvenir but really a commemoration of the creation of the Republic of the Philippines. And it’s entirely appropriate that I have never seen coins like this before Ug mao nga kinahanglan natong tan-awon kini dili lang usa ka maayo kaayo nga souvenir kon dili usa gayod ka paghandom sa pagkamugna sa Republika sa Pilipinas. Ug ki...

  Bangko Sentral ng Pilipinas Gov. Felipe Medalla with the media after the 23rd Financial Stability Board-Regional Consultative Group in Asia Meeting and Workshop Press Conference in Mactan, Cebu on May 17. (PIA7) CEBU CITY, Cebu, May 18 (PIA) -- Bangko Sentral ng Pilipinas (BSP) Gov. Dr. Felipe Medalla said although digital banking in the country is safe, account holders must remain cautious and vigilant against criminals. Medalla said this in light of the recent incident involving unauthorized fund transfers of Gcash, in which approximately P37 million worth of account holders' money was transferred to two accounts in different domestic banks without the owners' consent. Medalla said that it was a phishing incident, not hacking. Hacking is the illegal access to one's information. Phishing is when account holders voluntarily provide information needed for a digital transaction. Medalla disclosed this to the reporters on the sidelines of the 23rd Financial Stability Board-R...

  (L-R) Bangko Sentral ng Pilipinas (BSP) Senior Assistant Governor Johnny Noe Ravalo, Deputy Governor of the Reserve Bank of India Rajeshwar Rao, BSP Governor Dr. Felipe Medalla, and Financial Stability Board Chairman Dr. Klaas Knot during the Regional Regional Consultative Group for Asia Meeting and Workshop Press Conference on May 17 at Shangrila Mactan, Cebu. (PIA7) CEBU CITY, Cebu, May 17 (PIA) -- In light of the current global challenges, particularly to financial stability, the Bangko Sentral ng Pilipinas (BSP), the International Monetary Fund (IMF), and other Asian central banks are working to improve regional systemic risk management. Systemic risks are disruptions to any part of the financial systems that specifically have the ability to adversely affect the rest of the economy. Small financial market disruption that can amplify to affect the greater economy can become systemic. BSP Governor Felipe Medalla, during his keynote address on the 2023 International Conference o...

  SIQUIJOR, Siquijor, May 16 (PIA) -- The Bangko Sentral ng Pilipinas (BSP) Visayas Regional Office will conduct the BSP Piso Caravan BSP Piso Caravan on May 20, 2023, 9:00 AM to 5:00 PM, at Siquijor Capital Square, Municipality of Siquijor. The Piso Caravan covers the exchanges of coins and unfit currencies with the public. The caravan will also feature learning sessions on the topics on Digital Payments and Cyber Hygiene Practices, BSP Clean Note Policy and BSP’s Coin Recirculation Program and 1000-Piso Polymer Banknote; and account onboarding activities with financial service providers (FSPs) such as GCash, Maya, RCBC Diskartech Land Bank of Philippines, PalawanPay, BPI Direct Banko, Starpay, Asia United Bank, Union Bank, Philippine National Bank, PS Bank, Cebuana Bank and Universal Storefront Services Corporation. This activity aims to promote recirculation of coins by flushing out idle coins from storage and strengthen the effective implementation of BSP Clean Note a...

  The Outstanding Visayas Stakeholders awardees with the Bangko Sentral ng Pilipinas (BSP) officials headed by BSP Deputy Governor Bernadette Romulo - Puyat at the Grand Ballroom of Sheraton Cebu Mactan Resort on Feb. 28, 2022. (PIA7) CEBU CITY, Cebu, Feb. 28 (PIA) -- Giving importance to economic recovery and resiliency through partnership, the Bangko Sentral ng Pilipinas (BSP) awarded their outstanding Visayas stakeholders at the Grand Ballroom of Sheraton Cebu Mactan Resort on Feb. 28. In his video message, BSP Governor Felipe Medalla cited the exceptional partnerships and expressed his gratitude to the outstanding stakeholders for their contributions and support to the central bank’s programs and goals for price stability, financial stability, and safe, secure, and efficient payment and settlement system. “We hope that you will remain to be the BSP’s partners in the years to come," Medalla said. "I hope that you will continue to inspire others with your dedication and har...

TAGBILARAN CITY, Bohol, Jan. 10 (PIA) -- Dili na mahadlok pa nga makadawat og peke nga kwarta o maproblema sa sensilyo ang mga mamaligyaay sa T agbilaran City Central market , kini human pormal na nga gilusad dinhi ang   “PalengQRPh Plus,”   Enero 10, 2023 dinhi sa Tagbilaran City.  Ang  PalengQRPh , usa  k a digital mobile application  nga maghatag og pasilidad sa usa  ka mamalitay nga makapalit sa produkto, serbisyo og moplete sa mga sakyanang pangpubliko, nga dili na motunol pa og cash. Sistema nga gi-ugmad sa  Bangko Sentral ng Pilipinas (BSP)  ug gisuportahan sa D epartment of Interior and Local Government (DILG),  ang  PalengQRPhPlus  gisagop sa Tagbilaran pinaagi sa usa  ka ordinansa nga gipanday sa City Sanggunian, pinangulohan ni Bise Mayor Adam Relson Jala.  Kahinumduman nga sa pagkapili ni City Mayor Jane Yap isip puli sa iyang bana nga kanhi mayor, iyang gihimo nga usa sa labing unang mga  Executive O...

SIQUIJOR, Siquijor, May 20 (PIA) -- The Bangko Sentral ng Pilipinas (BSP) formed on May 20 the Siquijor Bankers’ Club following the election of officers during its maiden meeting for 2022.  The meeting was spearheaded by the team from BSP’s Office of the General Counsel and Legal Services (OGCLS) led by Atty. Elmore Capule, senior assistant governor and general counsel. Capule, who shared about the recently-enacted Financial Consumer Protection (FCP) Act and other BSP initiated or supported legislations, also inducted into office the Siquijor Bankers’ Club. The new set of officers are, namely: Land Bank of the Philippines (LBP) Siquijor Branch Manager Judith Franco as the President; Philippine National Bank Branch Manager Ma. Emily Zamora, Vice-President; BDO Network Bank Branch Head Rhenny Rose Gom-os, Secretary; BPI Banko Head Reynante Quilicot, Treasurer; and Development Bank of the Philippines (DBP) Branch Head Deo Michael Angelo Olasiman, Public Relations Officer.  M...

  TAGBILARAN CITY, Bohol, Nov. 9 (PIA) -- Gipahibalo sa  Bangko Sentral ng Pilipinas (BSP)  sa publiko nga dili tinuod ang mga nanggawas nga mga bag-ong disenyo sa salaping papel. Ang BSP nipagawas og advisory kalabot niini isip tubag sa usa ka  500-peso commemorative banknote  nga unang napatik sa usa  ka  satirical news website  nga gipakatap sa  social media. Gipahinumdoman sa BSP ang publiko nga magbinantayon ug gi-awhag ang bisan kinsa nga nakahibalo sa naggamit sa pekeng salaping papel nga ipahibalo kini sa kapolisan o sa  Payments and Currency Investigation Group s a BSP pinaagi sa email address:  currencyinvestigation@bsp.gov.ph. Ubos sa  Republic Act No. 10951,  ang mga mameke og salapi sa Pilipinas mahimong pahamtangan og silot nga pagkabilanggo og dili mo ubos sa 12 ka tuig ug 1 ka adlaw ug multa nga dili molapas sa duha ka milyong piso. Gi-awhag usab sa BSP ang publiko nga magpabiling updated kalabot sa mga leh...