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FACT CHECK: 'Ang Bagong Lipunan' currency series not backed by gold

Demonetized banknotes and coins no longer hold monetary value, aside from being part of a collection ....

Ang Bagong Lipunan , Joseph Estrada , Ferdinande Marcos , Kyle Marcelino Rappler , Bangko Sentral , Gloria Macapagal Arroyo , De La Rue , Ad Hoc Committee To Protect Treasure Hunting , Johns Hopkins University , Central Bank , Thomas De La Rue , Security Plant Complex , Hoc Committee , Protect Treasure Hunting , Precious Metals , Historical Notes , Official Gazette , Technical Review Committee , Treasure Hunting , Memorandum Order ,

BSP defers decision on QC property sale

Bangko Sentral ng Pilipinas (BSP) Governor Felipe M. Medalla said the six-hectare Security Plant Complex (SPC) in Quezon City with estimated value of P8billion will not be considered “for sale” under his watch.
“We have not yet discussed what we’ll do,” he told Manila Bulletin. “Maybe, that’s bett ....

City Of Tarlac , Metro Manila , Philippines General , Nestora Espenilla Jr , Bangko Sentral , Benjamine Diokno , Felipem Medalla , Aidea Inc , Conversion Development Authority , Governor Felipe , Security Plant Complex , Quezon City , Monetary Board , New Clark City , East Avenue , Bases Conversion Development Authority , New Clark ,

BSP to invest P25 B for New Clark City facility

The Bangko Sentral ng Pilipinas (BSP) will spend at least P25 billion for the construction of a new Currency Production Facility (CPF) in its 31.2-hectare complex in New Clark City in Capas, Tarlac.
BSP told Manila Bulletin that the budget of "around P25 billlion" for the bigger printing facility h ....

City Of Tarlac , Nestora Espenilla Jr , Bangko Sentral , Benjamine Diokno , Aidea Inc , Currency Production Facility , New Clark City , Manila Bulletin , Security Plant Complex , Monetary Board ,

BSP slates construction of new Clark City complex

The Bangko Sentral ng Pilipinas (BSP) is expected to start construction of its new BSP Complex in New Clark City in Capas, Tarlac possibly by end 2022.

BSP New Clark City Perspective
The BSP has recently signed the contract with winning bidder Aidea Inc. for the architectural and engineering des ....

City Of Tarlac , Bangko Sentral , Benjamine Diokno , Aidea Inc , New Clark City , Clark City , Security Plant Complex , East Avenue Quezon City ,

Authorities eye more refinements in BSP's gold buying policies

MANILA - Exempting small-scale miners from paying income and excise taxes resulted in around 1,000 percent jump in Bangko Sentral ng Pilipinas' (BSP) gold purchases in 2020 and more refinements are still in the pipeline to support this. In a virtual briefing on Friday, BSP Mint and Refinery Operations Department Director Joseph Norbert S. David said Republic Act (RA) 11256, or the amendment in the National Internal Revenue Code, which was signed into law on March 29, 2019 "has a positive impact on our purchases". "The BSP was able to buy a total volume of 115,800 troy ounces as compared to the 10,207 troy ounces in 2019. It is also worthy to mention that the current volume of the purchases this year has already exceeded that of last year's purchases," he said. He, however, declined to give the figures for their gold purchases so far this year, citing that there are certain protocols before this can be disclosed to the public. In general, he said most of thei ....

Davao City , Joseph Norberts David , Bangko Sentral , National Internal Revenue Code , Refinery Operations Department , Republic Act , Monetary Board , Quezon City , Security Plant Complex , Manila Exempting Small Scale Miners From Paying Income And Excise Taxes Resulted In Around 1 , 000 Percent Jump In Bangko Sentral Ng Pilipinas 39 Bsp Gold Purchases 2020 And More Refinements Are Still The Pipeline To Support This Ina Virtual Briefing On Friday , Sp Mint And Refinery Operations Department Director Joseph Norberts David Said Republic Act Ra 11256 , R The Amendment In National Internal Revenue Code , Hich Was Signed Into Law On March 29 , 019 Quot Hasa Positive Impact On Our Purchases The Bsp Was Able To Buya Total Volume Of 115 , 800 Troy Ounces As Compared To The 10 , 207 Troy Ounces In 2019 It Is Also Worthy To Mention That The Current Volume Of Purchases This Year Has Already Exceeded Last 39s , Uot He Said , Eclined To Give The Figures For Their Gold Purchases So Far This Year , Iting That There Are Certain Protocols Before This Can Be Disclosed To The Public In General , E Said Most Of Their Gold Purchases Came From Baguio Followed By Those Davao , Oth Of Which Was Due To The High Resources In These Areas Further Entice More Small Scale Miners Sell Their Gold Central Bank , Avid Said They Have Submitted To The Bsp 39s Policy Making Monetary Board Mb Proposed Changes , Ome Of Which Are Seen To Be Implemented Either This Or Next Year These Programs Include Making Rates Attractive Small Scale Miners , Inimizing The Processing Cost , Nd Fast Tracking The Turn Around Time For Assay Of Gold And Disbursement Final Payment David Said Initial Takes Onlya Few Minutes But Fire ,