BSP caps bank cash withdrawals at P500,000 to curb laundering

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) ordered banks to limit over-the-counter cash withdrawals to P500,000 a day. This is part of efforts to reduce money laundering risks tied to large-value transactions. This developed as the BSP investigated bank accounts linked to individuals accused of anomalies in government flood control projects. The central

SEC warns vs C’preneur Perfume Trading

MANILA, Philippines — The Securities and Exchange Commission (SEC) has warned against investing in C’preneur Perfume Trading, which is allegedly enticing the public to participate in unauthorized investment schemes. In a Sept. 16 advisory, the commission said C’preneur was supposedly offering investment packages worth P2,500 to as much as P100,000. READ: SEC files criminal complaints

Those peddling rumor of my ill-health will soon have heart attack – Wike

Minister of the Federal Capital Territory, Nyesom Wike, has dismissed claims that he travelled outside the country for medical treatment. Wike addressed the speculation on Thursday during the flag-off of a road construction project in the Wuye District of Abuja. He said those peddling the rumours were only playing politics with his health. “You see, […]
Those peddling rumor of my ill-health will soon have heart attack – Wike