PRESIDENT Aquino, assisted by Technical Education and Skills Development Authority (TESDA) Director General Emmanuel Joel Villanueva, distributes ballers to the participants of the 7th Puregold ‘Tindahan Ni Aling Puring Sari-Sari Store’ Convention during the tour and inspection of the booths at the World Trade Center at the corner of Gil Puyat Avenue Extension and Diosdado Macapagal Boulevard, Pasay City, yesterday. (Photo by: Robert Viñas / Malacañang Photo Bureau)
AMERICAN contemporary ballet company Trey McIntyre Project performs at Central Philippine University in Iloilo City. Its 10-day Philippine tour is a joint program of the U.S. Embassy in Manila and the Cultural Center of the Philippines. (Photo by Tara Yap)
CAGAYAN’s Junar Arce (center) finds himself sandwiched by Gio Ciriacruz and Kelly Nabong of Blackwater during PBA D-League action last night at The Arena in San Juan.
MIAMI Heat guard Dwyane Wade, foreground, regains control of the ball as he is guarded by Indiana Pacers guard Paul George, rear, during Game 2 of their NBA basketball Eastern Conference semifinal playoff series in Miami.
VENDORS arrange bananas in a makeshift stall on Road 10 in Tondo, Manila, as they sell ‘lakatan’ at P30 per kilo yesterday morning. The Philippines’ fruit exports to China, particularly bananas, seem to have trouble getting cleared by Chinese Customs amid a tense standoff between the two countries over the disputed islands on the West Philippine Sea. Fruit shipments, especially bananas, were rotting in Chinese ports because pests were allegedly discovered in some produce, prompting stricter quarantine inspections. (Photo by Linus Escandor II)
Home » Speaking Out
The Importance of Good Credit (First of Two Parts)
MANILA, Philippines – IN the Philippines, the word credit is usually associated with “utang”—thus the ubiquitous “Your Credit is Good But We Need Cash” signboards in many of our local carinderia and sari-sari stores. Incoming search terms:bad creditbad credit loanbad credit loan lendersSariwhere to get a loan with bad creditwhy is good credit important Read More »
Faith In God, Family F.M.A.
MANILA, Philippines — A part from our brave athletes, we have something special to look forward to in the forthcoming 2012 Summer Olympics in London. Our very own Rodolfo Sebastian Carlos, a thyroid cancer survivor, has been chosen to be among the 8,000 inspirational people who will carry the Olympic Flame as it journeys around the United Kingdom. Incoming search terms:ancient olympic gamesLondon...
Pawnshop regulation
(Concluded from last week) MANILA, Philippines — Financial consumers, especially those who transact with pawnshops, would be happy to know that the Bangko Sentral ng Pilipinas (BSP) actively supervises pawnshop operations. Incoming search terms:brand bags pawnshop in makaticellular pawnshops mandaue citylaptop pawnshop in mandauePawn shop rulespawnshop regulationpawnshop who accepts laptop in mandaue...
Standing firm
Manila, Philippines – The Palace came a calling on a senior official of the Senate to request for some guidance, perhaps on the burgeoning diplomatic crisis in Philippine territory — the Panatag (Scarborough) Shoal — with several Chinese ‘white’ ships patrolling the area, and Chinese fishermen violating domestic laws. Our own Coast Guard on duty there, eyeballing bigger &...
Pawnshop Regulation (First of Two Parts)
MANILA, Philippines — Pawnshops have proliferated in the country. Have you ever wondered if they are supervised by any government agency to protect financial consumers? According to the Integrated Supervision Division II (ISD II) of the Bangko Sentral ng Pilipinas (BSP), the financial system is composed of two groups: Banks and non-financial intermediaries (investment houses, savings and loan associations,...
BSP as Supervisor and Regulator
(Concluded from last week) Manila, Philippines – LAST week, I discussed how the Bangko Sentral ng Pilipinas acts as the supervisor and regulator of financial institutions such as banks, quasi-banks, trust entities, savings and loan associations, and pawnshops. I also enumerated the ways in which the BSP exercises its supervisory powers: 1) Issuance of Rules; 2) Examination and Investigation;...
BSP as Supervisor and Regulator (First of Two Parts)
Manila, Philippines – ONE of the three pillars of central banking is effective supervision and regulation. The other two pillars are: 1. Maintenance of price stability. 2. Maintenance of an effective payment and settlement system. The Bangko Sentral ng Pilipinas (BSP) acts as supervisor and regulator of the following institutions: 1. Banks. 2. Subsidiaries and affiliates of banks. 3. Quasi-banks. 4....
The Chamber of Thrift Banks: Enhancing consumer access to credit
MANILA, Philippines — The Chamber of Thrift Banks, the umbrella organization of the country’s thrift banks, just celebrated its 38th year through its annual convention last week, highlighting the major role it played in helping the economy recover from the recent global financial meltdown. CTB President Patrick D. Cheng, also President & CEO of HSBC Savings Bank, said that their organization...
Valuable partner in banking industry
Manila, Philippines – THE Bankers In stitute of the Philippines (BAIPHIL), one of the country’s leading organizations in the pursuit of banking excellence, celebrated another milestone last week. BAIPHIL held its annual Training and Development Week from March 12 to 17, 2012. It is celebrated every year pursuant to Presidential Proclamation No. 1248 declaring the second week of March as...
