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3 money counterfeiters nabbed

National Bureau of Investigation (NBI) agents arrested last Friday three people, who have been producing counterfeit Philippine currency, during an operation in Sta. Cruz, Manila.

BANGKO Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco Jr. said Monday he sees no need to adjust Philippine interest rates in the face of the expected rise in US rates sometime this month. But the BSP is closely monitoring the situation, he assured, and is ready to take any needed action at its policy meeting on March 23.

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Lower-than-expected initial jobless claims in the US along with sustained rise of US Treasury rates weakened both the Philippine peso, which closed to its weakest since November 2006, and the local equities market Friday.

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Senate President Koko Pimentel has endorsed banker Antonio Moncupa as the next governor of the Bangko Sentral ng Pilipinas.

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Every January, the Governor of the Bangko Sentral ng Pilipinas (BSP) traditionally renders to the banking community and other stakeholders what may be considered as the Governor’s State of Banking Address (SoBA).

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A gold trader and a businessman were the latest “victims” of the Run-After-Tax-Evaders (RATE) campaign of the Bureau of Internal Revenue (BIR).

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