BSP warns of fake P1,000 bills circulating in CamSur

Marje Pelayo   •   December 18, 2019   •   2192

CAMARINES SUR, Philippines – Police authorities in the municipality of Goa are tracking the source of fake banknotes circulating in the markets there.

This was after several sari-sari stores complained of being victimized by people paying fake P1,000 bills.

Based on initial investigation of the Philippine National Police (PNP) in Goa, most of the victims were store owners in the upland area.

“Nakarecover kami ng bale apat po na P1,000 pesos na fake na magkapare-pareho ang serial number niya (We have recovered four pieces of fake P1,000 bill with the same serial number),” said PSSgt. Nestor Tuonan.

“Hanggang ngayon nagka-conduct po kami ng investigation para makuha namin kung saan po talaga galling o ang pinaka-source (We are currently conducting an investigation to identify the main source of the fake bills),” he added.

Authorities warn the public to be wary of accepting paper bills as lawless elements are taking advantage of the season to execute their modus operandi.

The Bangko Sentral ng Pilipinas (BSP), meanwhile, advised the public that there are three ways to distinguish fake banknotes from the genuine ones.

One way is to feel the prints on the paper bill.

“Maliban doon sa pagiging rough niya kapag hinawakan natin ang mga salitang Republika ng Pilipinas itong number words sa baba, ang denomination, ang signature naka emboss ang prints nito,” explained BSP Bank Officer II Florinda Joson.

(Aside from the rough feel when you touch the words ‘Republika ng Pilipinas,’ these number words at the lower portion, the denomination, and the signature are embossed.)

“So kahit wala tayong machine na gagamitin napakaganda ng pakakagawa ng new generations currency. Mahirap siyang gayahin. Kailangan lang malaman ng ating mga kababayan kung ano ang mga dapat tinitingnan sa pera,” Joson said.

(So even without the machine, the features of the new generation currency are very sophisticated. It can’t be easily faked. It’s just that the public needs to know how to scrutinize a genuine paper bill.)

The BSP calls on the public to immediately notify them if they receive information on whoever is spreading such fake banknotes or inform the nearest police authority. – MNP (with details from Allan Manansala)

Ilang bahagi ng Bicol region binaha at walang kuryente dahil sa epekto ni ‘Bising’

Robie de Guzman   •   April 19, 2021

Baha na sa ilang panig ng Camarines Sur dahil sa walang tigil na pag-ulan bunsod ng bagyong Bising.

Kabilang sa mga binaha ang Himagtocon Lagonoy Spillway kaya hindi ito ngayon madaanan ng lahat ng uri ng sasakyan.

Malakas na ulan rin ang nararanasan ngayon sa Bicol region kaya nagpatupad na ng forced at pre-emptive evacuation sa landslide at flood-prone areas ang mga lokal na pamahalaan.

Sa tala ng Office of the Civil Defense Region 5, aabots sa 27,211 pamilya ang pansamantalang nanunuluyan sa iba’t ibang evacuation centers sa rehiyon.

Paalala naman ng Department of Health sa mga lokal na opisyal na magtalaga ng safety officers na magsasagawa ng clinical at exposure assessment sa lahat ng mga nasa evacuation center upang maiwasan ang pagkalat ng COVID-19 at iba pang uri ng sakit.

Sa Camarines Norte, nawalan ng supply ng kuryente ang ilang lugar dahil sa malalakas na hangin at natumbang mga puno.

Agad namang naalis ang mga punong nakahambalang sa mga kalsada kaya’t maaari pa itong daanan ng mga sasakyan.

May napaulat ding 959 na mga pasaherong naipit sa iba’t ibang pantalan sa Bicol matapos suspindihin ang biyahe ng mga barko.

Hindi rin pinayagang dumaan sa Maharlika Highway sa bayan ng Pilar, Sorsogon ang 87 truck upang maiwasan ang pagdami ng mga truck sa Matnog port.

Sa ngayon ay patuloy pang inaalam ng pamahalaan ng panlalawigan ang pinsala ang bagyong Bising sa rehiyon. – RRD (mula sa ulat ni Correspondent Bryan Baldaraje)

BSP issues digital banking license for Overseas Filipino Bank

Robie de Guzman   •   April 5, 2021

MANILA, Philippines – The Overseas Filipino Bank (OFBank) has officially become the first branchless digital-only bank in the country’s history after securing a digital banking license from the Monetary Board of the Bangko Sentral ng Pilipinas (BSP), the Department of Finance (DOF) said.

OFBank, a wholly-owned subsidiary of the Land Bank of the Philippines (LANDBANK), secured a digital banking license last March 25, the DOF said in a statement on Monday.

Prior to that, the bank was able to commence its banking operations in June last year using its then-existing license to operate as a thrift bank.

OFBank, under Executive Order (EO) No. 44 signed by President Rodrigo Duterte in September 2017, was created to establish a policy bank dedicated to providing financial products and services tailored to the requirements of overseas Filipinos.

“This milestone in the country’s banking history not only fulfills President Duterte’s campaign pledge to create a bank that caters to overseas Filipinos but will also help the Philippines leapfrog to the digital economy,” Finance Secretary Carlos Dominguez III said.

“When President Duterte said he would create a bank that would serve overseas-based Filipinos, he wanted a bank that would be a trailblazer in terms of modernizing and expanding the scope of the services it offers to them,” he added.

OFBank was launched virtually in June last year amid the COVID-19 pandemic as the Philippines’ first branchless and digital-centric government bank, the DOF said.

While fine-tuning its operations, systems, and processes to enable its official transition into a digital bank, OFBank operated as a thrift bank, the DOF said.

In December 2020, the BSP issued Circular No. 1105 containing the guidelines on the establishment of digital banks, clearing the way for OFBank to apply for a license as a digital bank.

OFBank offers four digital products and services that include a digital onboarding system with artificial intelligence (DOBSAI), which allows the real-time opening of a mobile banking deposit account on supported iPhone or Android devices.

Aside from deposit savings accounts, OFBank’s digital services also include fund transfers, bill payments, and applications for multi-purpose loans, the DOF said.

OFBank’s global digital reach spans 112 countries, with its clients able to access online the services of 763 merchants onboarded in its mobile application via the LinkBiz.Portal, it added.

BSP clarifies grace period for loan payments in NCR Plus

Aileen Cerrudo   •   March 29, 2021

MANILA, Philippines—The 30-day grace period on loan payments will not be extended as Metro Manila, Rizal, Laguna, Batangas, and Cavite were put under enhanced community quarantine (ECQ), according to the Bangko Sentral ng Pilipinas (BSP).

In a statement, the BSP clarified the 30-day grace period on loan payments was only effective on June 1, 2020, and will not be extended as the National Capital Region (NCR) Plus Bubble goes under ECQ until April 4.

“The Omnibus Guidelines (with Amendments as of March 28, 2021) issued by the Inter-Agency Task Force (IATF) for the Management of Emerging Infectious Diseases does not operate to extend the 30-day grace period provided for under Republic Act No. 11469,” the statement reads.

With this, the BSP encourages BSP supervised financial institutions (BSFIs) to continue to provide relief measures to its clients by renewing, restructuring, or extending the terms of the loans based on their continuing assessment of their cash flows.

“The BSP has granted prudential relief measures to BSFIs to enable them to continue to provide financial services and support households and businesses amid the crisis,” the BSP added. AAC

 

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