Tuesday, 4 November 2025
14 Oct 2025
11:41AM
BSP warns demonetization won’t curb corruption, urges reforms instead
The BSP cited India’s 2016 demonetization as a cautionary tale. The move abruptly invalidated 86 percent of India’s cash, aiming to curb graft and fake currency. Instead, it caused widespread economic disruption—closing small businesses, cutting jobs, and shaving about two percentage points off GDP.
24 Sep 2025
6:47PM
Zaldy Co’s prized Gulfstream, choppers slip out of PH before asset freeze
By: Miguel R. Camus
Investigators probing the flood control corruption scandal say their biggest find yet is a luxury fleet linked to Congressman Zaldy Co, though several of the aircraft have already flown beyond the reach of Philippine authorities, an insider said.
24 Sep 2025
12:51PM
‘Corruption a major concern for investors’: SEC backs bank secrecy reforms
The Securities and Exchange Commission (SEC) has thrown its weight behind proposals to ease the country’s strict bank secrecy laws, framing the reform as vital to restoring investor confidence and cracking down on corruption.
19 Sep 2025
4:13PM
BSP’s P500,000 daily withdrawal cap may disrupt cash-reliant firms
By: Daxim L. Lucas
While the BSP’s move would likely target anti-money laundering and fraud risk management, the unintended consequence is a liquidity squeeze on cash-reliant but legitimate businesses. Unless paired with robust digital payment alternatives and financial inclusion measures, the cap risks disrupting day-to-day commerce, particularly outside Metro Manila.
Advertisement
