The Bangko Sentral ng Pilipinas has opened a currency exchange facility for the Syrian pound to service the foreign-exchange needs of overseas Filipino workers returning from conflict-torn Syria.
Four lawmakers are urging the Bureau of Internal Revenue (BIR) to suspend the tax on gold as it has drastically reduced the volume of the metal sold by small-scale producers to the Bangko Sentral ng Pilipinas (BSP).
Airport authorities on Friday intercepted a Filipino woman who allegedly tried to bring out of the country some 3.6 million yen and around P300,000 she had not declared to the Bureau of Customs, in violation of central bank rules.
The number of Filipino households investing a portion of the money they receive from loved ones based abroad is steadily increasing, according to the Bangko Sentral ng Pilipinas.
Philippine job losses from unrest in the Arab world and the Japan quake have had little overall impact on the amount of money the huge Filipino overseas workforce sends home, the central bank said Friday.
MANILA, Philippines—The Department of Justice has affirmed the validity of a proposed deal between the Department of Foreign Affairs (DFA) and the Bangko Sentral ng Pilipinas (BSP) on the production of electronic passports. Justice Secretary Leila De Lima said there was no legal hurdle to enforce the proposed second supplemental memorandum of agreement on the [...]
