Personal Development, Business, Finance, and Investing for Everyone
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The Philippine Statistics Authority (PSA) warns the public against fake job recruitment schemes posted on social media by individuals or groups claiming to be from the agency.
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(From left) BSP Deputy Governor Bernadette Romulo-Puyat, Insurance Commission’s Atty. Juan Paolo P. Roxas, BSP Deputy Governor Chuchi G. Fonacier, SEC Assistant Director Paolo R. Cruz, PDIC President Roberto B. Tan and Corporate Affairs Vice President Jose G. Villaret, Jr. led the “turning of the key” ceremony of the “Protect Your Money” campaign. The Financial Sector Forum (FSF) has launched the 2025 “Protect Your Money” (PYM) information campaign to empower financial consumers and combat scams. The launch was held on 17 June 2025 at the Bangko Sentral ng Pilipinas (BSP) head office in Manila.
The public is being warned by Ayala Corporation about a phishing scheme that uses fake Ayala email accounts and executive names, such as Rosario Carmela Austria, to invite suppliers to take part in purported Ayala projects. These scams claim to give accreditation to suppliers if they pay a refundable supplier deposit.
The Philippine Stock Exchange, Inc. (PSE) and the Commission on Filipinos Overseas (CFO) will jointly undertake programs aimed at empowering overseas Filipinos to become active participants in the Philippine capital markets. The collaboration was formalized through the signing of a Memorandum of Understanding on Tuesday, June 17, 2025, which coincides with CFO’s 45th anniversary.
The Bangko Sentral ng Pilipinas (BSP) has released the implementing rules of Republic Act No. 12010 or the Anti-Financial Account Scamming Act (AFASA). This landmark law curbs financial scams, protects consumers, and strengthens trust in the financial system.
The number of stock market accounts in the Philippine Stock Exchange reached 2.86 million in 2024, up by 50.1 percent from 1.91 million in 2023. This was fueled by a 62.0 percent surge in online accounts to 2.47 million from 1.53 million.
The Philippine Stock Exchange, Inc. (PSE) has been made aware of the resurgence of a fraudulent investment scheme that uses the name and logo of the Exchange in fabricated documents that certify stock ownership and demand fees for the release of capital gains.
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