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                    [Title] => BSP extends SBL limit of banks for oil firms
                    [Summary] => 
The Bangko Sentral ng Pilipinas (BSP) has extended for another year an option for banks to lend more credit to oil companies to cover their importation needs.

                    [DatePublished] => 2013-07-11 00:00:00
                    [ColumnID] => 0
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                    [SectionName] => Business
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                    [ArticleID] => 963128
                    [Title] => BSP orders banks to remain open on local holidays
                    [Summary] => 
Banks are no longer allowed to shut down operations during local holidays without prior notice to the Bangko Sentral ng Pilipinas (BSP), a new order said.

                    [DatePublished] => 2013-07-09 00:00:00
                    [ColumnID] => 0
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                    [SectionName] => Business
                    [SectionUrl] => business
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                    [ArticleID] => 933698
                    [Title] => Banks to pay higher annual fees
                    [Summary] => 
The Bangko Sentral ng Pilipinas (BSP) will begin sending notices to banks next month, asking them to pay, starting this year, higher annual fees to cover for the costs of their supervision and regulation.

                    [DatePublished] => 2013-04-23 00:00:00
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                    [ArticleID] => 933700
                    [Title] => BSP hikes limit for micro-deposits
                    [Summary] => 
Small bank depositors living in the countryside will be able to save more money after the Bangko Sentral ng Pilipinas (BSP) raised the deposit limit for micro-banking offices (MBOs).

                    [DatePublished] => 2013-04-23 00:00:00
                    [ColumnID] => 0
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                    [SectionName] => Business
                    [SectionUrl] => business
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                    [ArticleID] => 930325
                    [Title] => BSP revises rules on independent directors
                    [Summary] => 
The Bangko Sentral ng Pilipinas (BSP) has revised its rules on the appointments of independent directors of banks and other financial institutions.

                    [DatePublished] => 2013-04-14 00:00:00
                    [ColumnID] => 0
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                    [SectionName] => Business
                    [SectionUrl] => business
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                    [ArticleID] => 855191
                    [Title] => Increase of PhilHealth premiums deferred
                    [Summary] => 
The Philippine Health Insurance Corp. has deferred the premium increase of individually paying members from Oct. 1, 2012 to Jan. 1, 2013.
                    [DatePublished] => 2012-10-02 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1526426
                    [AuthorName] => Mitchelle L. Palaubsanon
                    [SectionName] => Cebu News
                    [SectionUrl] => cebu-news
                    [URL] => 
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            [6] => Array
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                    [ArticleID] => 648707
                    [Title] => Citi introduces Citi Check Protect
                    [Summary] => 
Citibank Philippines (Citi) has launched a new service to help its depositors ensure that the checks they issue will be honored as long as they have funds in their other Citibank accounts.
                    [DatePublished] => 2011-01-18 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
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                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
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                    [ArticleID] => 600201
                    [Title] => PhilHealth coverage for room is only up to discharge order
                    [Summary] => 
PhilHealth reminds accredited hospitals and doctors  that coverage for room and board extends only up to the date the  attending physician issues the order of discharge.
                    [DatePublished] => 2010-08-07 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
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                    [SectionName] => Cebu News
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                    [ArticleID] => 173663
                    [Title] => BSP tightens grip  on trust operations
                    [Summary] => The Bangko Sentral ng Pilipinas (BSP) has tightened rules for capital-deficient banks that have trust operations. BSP Circular 348 mandates banks to use at least 50-percent of their net income to build up their capital.


The directive covers all types of banks authorized to perform trust and other fiduciary business. Prior to 348, these institutions did not need a minimum capital requirement.


                    [DatePublished] => 2002-08-27 00:00:00
                    [ColumnID] => 133272
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                    [URL] => 
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                    [ArticleID] => 136476
                    [Title] => Banks engaged in money laundering face stiffer sanctions under new law
                    [Summary] => Banks and other financial institutions engaged in money-laundering activities face even stiffer administrative sanctions from the Bangko Sentral ng Pilipinas (BSP) ranging from fines to revocation of their licenses.


The BSP issued yesterday a circular allowing the Monetary Board to impose additional sanctions under the Central Bank Act on banks violating the new Anti-Money Laundering Act of 2001.


                    [DatePublished] => 2001-10-13 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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UNDER CIRCULAR

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                    [ArticleID] => 963967
                    [Title] => BSP extends SBL limit of banks for oil firms
                    [Summary] => 
The Bangko Sentral ng Pilipinas (BSP) has extended for another year an option for banks to lend more credit to oil companies to cover their importation needs.

                    [DatePublished] => 2013-07-11 00:00:00
                    [ColumnID] => 0
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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            [1] => Array
                (
                    [ArticleID] => 963128
                    [Title] => BSP orders banks to remain open on local holidays
                    [Summary] => 
Banks are no longer allowed to shut down operations during local holidays without prior notice to the Bangko Sentral ng Pilipinas (BSP), a new order said.

                    [DatePublished] => 2013-07-09 00:00:00
                    [ColumnID] => 0
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                (
                    [ArticleID] => 933698
                    [Title] => Banks to pay higher annual fees
                    [Summary] => 
The Bangko Sentral ng Pilipinas (BSP) will begin sending notices to banks next month, asking them to pay, starting this year, higher annual fees to cover for the costs of their supervision and regulation.

                    [DatePublished] => 2013-04-23 00:00:00
                    [ColumnID] => 0
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 933700
                    [Title] => BSP hikes limit for micro-deposits
                    [Summary] => 
Small bank depositors living in the countryside will be able to save more money after the Bangko Sentral ng Pilipinas (BSP) raised the deposit limit for micro-banking offices (MBOs).

                    [DatePublished] => 2013-04-23 00:00:00
                    [ColumnID] => 0
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                    [ArticleID] => 930325
                    [Title] => BSP revises rules on independent directors
                    [Summary] => 
The Bangko Sentral ng Pilipinas (BSP) has revised its rules on the appointments of independent directors of banks and other financial institutions.

                    [DatePublished] => 2013-04-14 00:00:00
                    [ColumnID] => 0
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                    [ArticleID] => 855191
                    [Title] => Increase of PhilHealth premiums deferred
                    [Summary] => 
The Philippine Health Insurance Corp. has deferred the premium increase of individually paying members from Oct. 1, 2012 to Jan. 1, 2013.
                    [DatePublished] => 2012-10-02 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1526426
                    [AuthorName] => Mitchelle L. Palaubsanon
                    [SectionName] => Cebu News
                    [SectionUrl] => cebu-news
                    [URL] => 
                )

            [6] => Array
                (
                    [ArticleID] => 648707
                    [Title] => Citi introduces Citi Check Protect
                    [Summary] => 
Citibank Philippines (Citi) has launched a new service to help its depositors ensure that the checks they issue will be honored as long as they have funds in their other Citibank accounts.
                    [DatePublished] => 2011-01-18 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
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                (
                    [ArticleID] => 600201
                    [Title] => PhilHealth coverage for room is only up to discharge order
                    [Summary] => 
PhilHealth reminds accredited hospitals and doctors  that coverage for room and board extends only up to the date the  attending physician issues the order of discharge.
                    [DatePublished] => 2010-08-07 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Cebu News
                    [SectionUrl] => cebu-news
                    [URL] => 
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            [8] => Array
                (
                    [ArticleID] => 173663
                    [Title] => BSP tightens grip  on trust operations
                    [Summary] => The Bangko Sentral ng Pilipinas (BSP) has tightened rules for capital-deficient banks that have trust operations. BSP Circular 348 mandates banks to use at least 50-percent of their net income to build up their capital.


The directive covers all types of banks authorized to perform trust and other fiduciary business. Prior to 348, these institutions did not need a minimum capital requirement.


                    [DatePublished] => 2002-08-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
                )

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                (
                    [ArticleID] => 136476
                    [Title] => Banks engaged in money laundering face stiffer sanctions under new law
                    [Summary] => Banks and other financial institutions engaged in money-laundering activities face even stiffer administrative sanctions from the Bangko Sentral ng Pilipinas (BSP) ranging from fines to revocation of their licenses.


The BSP issued yesterday a circular allowing the Monetary Board to impose additional sanctions under the Central Bank Act on banks violating the new Anti-Money Laundering Act of 2001.


                    [DatePublished] => 2001-10-13 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

BSP extends SBL limit of banks for oil firms

July 11, 2013 - 12:00am

The Bangko Sentral ng Pilipinas (BSP) has extended for another year an option for banks to lend more credit to oil companies to cover their importation needs.

Business

BSP orders banks to remain open on local holidays

July 9, 2013 - 12:00am

Banks are no longer allowed to shut down operations during local holidays without prior notice to the Bangko Sentral ng Pilipinas (BSP), a new order said.

Business

Banks to pay higher annual fees

April 23, 2013 - 12:00am

The Bangko Sentral ng Pilipinas (BSP) will begin sending notices to banks next month, asking them to pay, starting this year, higher annual fees to cover for the costs of their supervision and regulation.

Business

BSP hikes limit for micro-deposits

April 23, 2013 - 12:00am

Small bank depositors living in the countryside will be able to save more money after the Bangko Sentral ng Pilipinas (BSP) raised the deposit limit for micro-banking offices (MBOs).

Business

BSP revises rules on independent directors

April 14, 2013 - 12:00am

The Bangko Sentral ng Pilipinas (BSP) has revised its rules on the appointments of independent directors of banks and other financial institutions.

Business

Increase of PhilHealth premiums deferred

By Mitchelle L. Palaubsanon | October 2, 2012 - 12:00am

The Philippine Health Insurance Corp. has deferred the premium increase of individually paying members from Oct. 1, 2012 to Jan. 1, 2013.

Cebu News

Citi introduces Citi Check Protect

January 18, 2011 - 12:00am

Citibank Philippines (Citi) has launched a new service to help its depositors ensure that the checks they issue will be honored as long as they have funds in their other Citibank accounts.

Banking

PhilHealth coverage for room is only up to discharge order

August 7, 2010 - 12:00am

PhilHealth reminds accredited hospitals and doctors that coverage for room and board extends only up to the date the attending physician issues the order of discharge.

Cebu News

BSP tightens grip on trust operations

August 27, 2002 - 12:00am

The Bangko Sentral ng Pilipinas (BSP) has tightened rules for capital-deficient banks that have trust operations. BSP Circular 348 mandates banks to use at least 50-percent of their net income to build up their capital. The...

Banking

Banks engaged in money laundering face stiffer sanctions under new law

By Des Ferriols | October 13, 2001 - 12:00am

Banks and other financial institutions engaged in money-laundering activities face even stiffer administrative sanctions from the Bangko Sentral ng Pilipinas (BSP) ranging from fines to revocation of their licenses. The...

Business