Bunye: The Importance of Good Credit (Last of two parts)
THE recent commemoration of Credit Consciousness Week (April 24 to 30, 2012) was a special opportunity to learn about the importance of good credit.
Last week, we discussed how important credit score is in personal finance. It can affect our application for mainly all types of loans:...
Bunye: The importance of good credit (First of two parts)
IN THE Philippines, the word credit is usually associated with “utang,” thus the ubiquitous “Your Credit is Good But We Need Cash” signboards in many of our local carinderia and sari-sari stores.
Since the word “utang” (debt) has developed such a negative connotation in Filipino culture,...
Bunye: Regulation of Pawnshops (Concluded from last week)
FINANCIAL consumers, especially those who transact with pawnshops, would be happy to know that the Bangko Sentral ng Pilipinas (BSP) actively supervises pawnshop operations.
In addition to coordinating with local government units in weeding out businesses illegally operating as pawnshops...
Bunye: Regulation of pawnshops (First of Two Parts)
PAWNSHOPS have proliferated in the country. Have you ever wondered if they are supervised by any government agency to protect financial consumers?
According to the Integrated Supervision Division II (ISD II) of the Bangko Sentral ng Pilipinas (BSP), the financial system is composed of two...
Bunye: Lessons of hope and faith behind prison walls
Lessons of hope and faith can sometimes be found in unlikely places.
I had the honor of giving the inspirational speech during the 54th Commencement Exercises of the Muntinlupa National Extension High School this week.
Bunye: BSP as Supervisor and Regulator (Concluded from last week)
LAST week, I discussed how the Bangko Sentral ng Pilipinas acts as the supervisor and regulator of financial institutions such as banks, quasi-banks, trust entities, savings and loan associations, and pawnshops.
Bunye: The BSP as Supervisor and Regulator (1st of 2 parts)
ONE of the three pillars of central banking is effective supervision and regulation. The other two pillars are:
1. maintenance of price stability and 2. maintenance of an effective payment and settlement system.
Bunye: A valuable partner in the banking industry
THE Bankers Institute of the Philippines (BAIPHIL), one of the country’s leading organizations in the pursuit of banking excellence, celebrated another milestone last week.
Bunye: Prosecuting bank fraud
BEHIND every great fortune, according to 19th century French novelist Honoré de Balzac, there is a crime.
For falsifying commercial documents and managing to spirit away close to a million in loans from the Bangko Sentral ng Pilipinas (BSP), a former owner of a closed rural bank in Quezon...
Bunye: The BSP policy meeting
THE most eagerly anticipated and closely watched meeting of the Monetary Board of the Bangko Sentral ng Pilipinas is the policy meeting. And for good reason.
Bunye: Money laundering history
MANY of us have probably heard of the term money laundering and wondered what it really is.
Bunye: ‘Guarding against email fraud’
HAVE you ever received an e-mail from your bank or credit card company that looks like the “real thing”?
Bunye: Overspending and budgeting
IN THE last month, I have been writing about the efforts of the Bangko Sentral ng Pilipinas’ Financial Consumer Affairs Group (FCAG) in disseminating helpful consumer tips, especially in light of post-holiday debts.
Bunye: Dealing with holiday debt
HAVE you experienced the classic "holiday debt hangover"?
The Financial Consumer Affairs Group (FCAG) of the Bangko Sentral ng Pilipinas said this type of hangover is usually experienced during the months following the Yuletide season -- when the shopping, parties and gift-giving have...
Bunye: New year financial resolutions
IT IS almost the end of January—and only eleven more months until we make a new set of New Year’s Resolutions. How time flies indeed!
So have you made your own list of “financial” resolutions yet? If you haven’t, you still have time to do so.
Bunye: The BSP’s Bottom Line
THE business pages of last week’s newspapers carried articles about the Bangko Sentral ng Pilipinas (BSP) posting a net loss of P23.62 billion in the first three quarters of 2011.
Bunye: Were there banks during the time of Jesus?
YULETIDE is undeniably the busiest time of the year.
You know that ‘tis the season when the lines are unusually long at the banks and at the automated teller machines: People are extra generous with their earnings and buy gifts for their family, friends and colleagues in the spirit of...
Bunye: Jose Rizal Commemorative Coin
IT IS a gift befitting a hero of his stature.
For his 150th birth anniversary, our national hero Dr. Jose Rizal received a special gift in the form of the one-piso commemorative Rizal coin.
Bunye: ‘Money laundering’ at the BSP
THERE is some sort of money laundering taking place at the Bangko Sentral ng Pilipinas. But it’s not of the criminal kind.
Bunye: A new Guinness record for longest line of coins
THERE is a line from an old poem that goes: “Little drops of water...make the mighty ocean.”
Bunye: Exercising care when using your ATM card
EVER heard of the term “shoulder surfing”?
No, it does not have anything to do with the water or the sport. However, it has everything to do with safety precautions during the festive season which thieves normally take advantage off.
Bunye: BSP’s painting collection
EARLIER this year, I wrote about the BSP’s Painting Collection, which art curators in the country have described as “formidable”.
Ramon E.S. Lerma, Curator of the Ateneo Art Gallery, said that in terms of size and historical breadth, the BSP Painting Collection rivals that of any museum...
Bunye: A girl named Arizza
DEVOTION knows no age.
For her awe-inspiring role in building libraries and countering the culture of guns with books and education in Mindanao, 17-year-old Arizza Ann Sahi Nocum recently received an award from the National Commission for Culture and the Arts (NCCA) and the National...
Bunye: Helping save the environment
THIS is proof that government agencies can serve the Filipino people and the environment at the same time.
Bunye: BSP assists banks in typhoon-ravaged areas
THE recent typhoons and tropical storms such as “Pedring,” “Mina” and “Juaning” have brought much devastation to various cities and provinces in the country. While media reports normally focus on the loss of lives, resources and property, little is said about the storms’ effects on the banking...
