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Japanese tourist held for bringing in excessive cash at NAIA Terminal 1

MANILA  (Mabuhay) — Agents of the Bureau of Customs (BoC) based at the Ninoy Aquino International Airport (NAIA) Terminal 1 placed under arrest late Tuesday night an arriving Japanese tourist for bringing in more than the allowed amount of cash to the country. Vernie...
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Swedish King visits Laguna Jamborette, says scouting can change the world

LOS BANOS, Laguna (Mabuhay) – Visiting Swedish monarch King Carl XVI Gustaf joined thousands of boy and girl scouts here participating in the 3rd One Regional Scout Jamborette saying scouting offers a lot of possibilities to change the world. The Southern Luzon scouting event...
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Weaker peso is good for PHL economy – NEDA’s Balisacan

MANILA (Mabuhay) – Don’t worry, Philippine economic managers are saying if the dollar turns stronger in tandem with the US economic recovery. There is an ample supply of the greenback to absorb external shocks while the peso’s weakness – eventually – bodes well for the econom...
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Remittances help boost PHL savings rate in 2012

MANILA  (Mabuhay) – Remittances from overseas Filipino workers (OFWs) have allowed households to save money, boosting the country’s savings rate, according to the Bangko Sentral ng Pilipinas (BSP). Based on the BSP’s latest Flow of Funds report, domestic savings has expanded by...
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BSP relaxes ‘know-your-customer’ requirement for Yolanda victims

MANILA  (Mabuhay) – The Bangko Sentral ng Pilipinas (BSP) has relaxed the “know your customer” requirement until the end of the year, as the onslaught of super typhoon Yolanda destroyed essential documents. The monetary board, the policy making body of the BSP, approved to waive...
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BSP warns public vs. cheque scams

MANILA, July 24 (Mabuhay) — The Bangko Sentral ng Pilipinas Wednesday warned the public against a scam that asks for money from unsuspecting individuals in exchange for checks worth millions of pesos. In an advisory, the central bank said the checks were “supposedly issued...