Pagpapasahod ng barya, labag sa batas ayon sa Bangko Sentral ng Pilipinas

Aileen Cerrudo   •   June 29, 2021   •   330

Labag sa batas ang pagpapasahod ng barya, ayon sa Bangko Sentral ng Pilipinas (BSP).

Batay sa isang circular ng BSP, ang mga baryang piso gaya ng P5 at P10 ang maari lang gamiting pambayad kung ang halaga ay hindi lalagpas ng P1,000.

Habang ang mga baryang P0.01, P0.05, P0.10 at P0.25 ay maaaring pambayad kung ang halaga ay hindi hihigit sa P100.

Ngunit mas maliit pa ang limitasyon nito kung ibabatay naman sa Republic Act 7653 o The New Central Bank Act.

“In particular naman doon sa Section 52 of Republic Act 7653, ‘pag halimbawa, ang coin at 25 cents, up to 50 pesos lang pwede siyang pambayad. At kung 10 centavos, 5 centavos, 1 centavo, pwede mo siyang pambayad or sabihin na nating legal tender lang ang coin, hanggang 20 pesos lang,” ayon sa Bank Officer V ng BSP Currency Policy and Integrity Department Nenette Malabrigo.

Sinomang mapapantunayang lumabag sa naturang batas ay maaring magmulta ng P50,000 hanggang P200,000 o makulong ng 2 hanggang 10 taon o hindi kaya ay mapapatawan ng parehong parusa depende sa desisyon ng korte.

Paliwanag naman ng Valenzuela City Mayor Rex Gatchalian, posibleng makaapekto ang insidenteng ito sa business permit ng kumpanya.

“Remember, ang business permits natin, nakaangkla, may condition iyan. Pribilehiyo iyan na ibinibigay ng pamahalaang lungsod na nakalagay doon na kailangan sumunod ka sa lahat ng alituntunin, lokal man o nasyonal. A BSP Circular is part of a national ruling on how you should pay for goods and services rendered to you. So, doon, I can tell you, mayroon na siyang butas doon,” aniya.

Nanawagan si Gatchalian sa mga employer na tratuhin ng may dignidad ang kanilang mga tauhan dahil hindi ito palalagpasin ng lokal na pamahalaan.

Sinubukan ng UNTV na kuhaan ng pahayag ang naturang empleyado ngunit tumanggi muna ito habang may  nakatakda pang pakikipagpulong si Gatchalian sa may-ari ng kumpanya sa Miyerkules (ika-30 ng Hunyo). -AAC (Mula sa ulat ni Asher Cadapan Jr.)

BSP orders social media platform ‘Lyka’ to suspend operations due to lack of registration

Marje Pelayo   •   July 23, 2021

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) on Friday (July 23) ordered the social media platform ‘Lyka’ to stop its operations.

BSP Governor Benjamin Diokno explained the said online business site is not registered as an operator of a payment system.

“The Monetary Board has ascertained that these activities make Lyka an OPS (Operators of Payment Systems) thus required to be registered with the BSP,” Diokno explained.

“Yet to date, it is not registered to the BSP. Today the BSP has directed Lyka to suspend activities as an OPS and invited the company to apply for registration with the BSP before it is allowed to continue its OPS activities,” he added.

According to BSP statement, Lyka was launched in the Philippines by a Hong Kong-based company which allows its users to purchase, exchange, and use gift cards in electronic mode or GEMs as payment for goods and services. MNP (with reports from Nel Maribojoc)

Valenzuela City suspends business permit of factory that paid worker in coins

Aileen Cerrudo   •   June 30, 2021

Valenzuela City suspended the business permit of the factory that paid one of its workers in five and 10-centavo coins worth P1,056.

In a meeting at city hall on Wednesday (June 30), the owner of plastic hose factory NexGreen Enterprise admitted not paying factory worker Russel Mañoza the proper wages.

According to the city’s Workers’ Affairs Office, Mañoza should have received P55,000 for the five months of work he rendered for NexGreen.

During the meeting, NexGreen’s owner said there was a misunderstanding which led to the wages being paid in coins. He said the coins were meant for religious offering and were handed out to Mañoza by mistake. However, the owner said he will accept any punishment since it is his command responsibility.

Valenzuela City Mayor Rex Gatchalian, meanwhile, was not convinced by the owner’s defense and said the company also has other violations which include unpaid statutory benefits including Social Security System (SSS), PAG-IBIG, and others.

Mañoza also said that he had made complaints regarding labor practices in the factory and alleged that the owner paid him in coins to spite him.

The local government has given the NexGreen Enterprise 24 hours to rectify the violations. It will also look into the company’s public documents to look into unpaid statutory benefits. Meanwhile the Department of Labor and Employment (DOLE) will conduct ocular inspection in the factory. AAC (with reports from Asher Cadapan Jr.)

BSP unveils new program to bolster rural banking industry

Maris Federez   •   June 18, 2021

MANILA, Philippines — ​The Bangko Sentral ng Pilipinas (BSP) has launched a program that aims to strengthen the rural banking industry in the country.

The BSP, on Friday, said the program is in recognition of its critical role in providing financial services in rural and agricultural communities.

“The Rural Banking Industry Strengthening Program (RBSP) is part of the BSP’s broader and continuing efforts to boost the resilience of the rural banking industry, which is a key agent of countryside development as it provides financial services to rural communities, including micro, small and medium enterprises,” said BSP Governor Benjamin E. Diokno.

The Inter-Agency Working Group (IAWG) on the RBSP headed by the Steering Committee composed of the BSP, the Department of Agriculture, and the Department of Trade and Industry, with Monetary Board Member (MBM) V. Bruce J. Tolentino as chair, will carry out the program.

“The BSP pursues the RBSP as we recognize the vital role that rural banks play in the areas of financial inclusion and inclusive economic growth,” said Tolentino.

The steering committee will be supported by a technical working group (TWG) mandated to formulate an action plan, including the development of a capacity-building program for RBs, and will be guided by senior advisers who will provide technical guidance in activities requiring research, data collection, analysis, and policy formulation.

The BSP said the Steering Committee and TWG will meet regularly over the next months and are expected to submit an initial package of proposed policies, programs, and reforms to the Monetary Board by the end of 2021. —/mbmf

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