Personal Development, Business, Finance, and Investing for Everyone
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The Philippine Stock Exchange, Inc. (PSE) received reports of a fraudulent cryptocurrency investing scheme using PSE’s logo and name on its website.
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The Bangko Sentral ng Pilipinas (BSP) and the Trust Officers Association of the Philippines (TOAP) highlighted the need to invest smart for retirement during a Personal Equity and Retirement Account (PERA) forum at the BSP head office in Manila on July 17, 2024.
The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) has approved the lifting of the moratorium on the grant of new digital banking licenses starting January 1, 2025 and allowed a maximum of ten (10) digital banks to operate in the country.
The Bangko Sentral ng Pilipinas (BSP) and its partner organizations are working on online and innovative training platforms to broaden the reach of financial education (fin-ed) and strengthen consumer protection. This was announced at the Launch of the Innovative Financial Education Programs at the BSP Manila Head Office on 5 August 2024.
To strengthen banks and other financial institutions against cyber threats, the Bangko Sentral ng Pilipinas (BSP) launched the Financial Services Cyber Resilience Plan (FSCRP) on August 6, 2024 at the Philippine International Convention Center.
Board of Investments Approves P1.15 Trillion in Investments by July 2024, Achieving 65% Growth8/6/2024 The Board of Investments (BOI) under the Department of Trade and Industry (DTI) has reported P1.15 trillion in approved investments as of the end of July 2024. This represents a 65% increase from the P699 billion recorded for the same period last year.
President Ferdinand R. Marcos, Jr., signed the Anti-Financial Account Scamming Act (AFASA) on July 20, 2024, in a ceremony held in Malacañang that was witnessed by Bangko Sentral Pilipinas (BSP) officers led by Governor Eli M. Remolona, Jr., and Monetary Board Member Rosalia V. De Leon. The AFASA aims to combat the surge of online scamming. It mandates financial institutions to implement necessary safeguards to protect the accounts of Filipinos.
The Securities and Exchange Commission (SEC) is regulating the sale of properties with rental pool agreements, in line with the rising trend of real estate developers offering potential investment returns and additional income by renting out properties.
The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) has approved amended guidelines on the “Settlement of Electronic Payments under the National Retail Payment System (NRPS) Framework” as part of ongoing efforts to ensure integrity and efficiency of the payment system.
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