‘IGNACIO BUNYE’ Archives
DBP helps
BY : IGNACIO BUNYE This is certainly great news for poor-but-deserving students. While most of our local banks have been giving scholarships to our academically inclined youth, the recent move of the state-run Development Bank of the Philippines (DBP) should be given extra credit. The DBP has pioneered a P2-billion special loan program [...]
Liberalizing sale of foreign exhange
BY : IGNACIO BUNYE In two previous articles, we wrote about the “problem of plenty” brought about by the surge of dollar inflows into the country. The Bangko Sentral has responded by “sterilizing” the dollars. We explained that the “sterilization” operations were quite costly but necessary in order to relieve pressure on [...]
Metrobank’s 50th anniversary
BY : IGNACIO BUNYE As part of the celebration of Metrobank’s 50th anniversary, the Metrobank Foundation recently launched three coffee-table books that certainly make us proud to be Filipino. The three books are entitled: “MADE of Gold,” “10 Outstanding Filipino Teachers” and “Metrobank Foundation Exemplars.” Former [...]
BSP acts on ATM skimming
BY : IGNACIO BUNYE We may have heard of the term “ATM skimming” – a criminal endeavor involving an unwitting ATM user and a technologically savvy perpetrator – in recent new reports. According to Dr. Johnny Noe Ravalo, managing director of the Bangko Sentral ng Pilipinas (BSP), the suspects carry on with this modus operandi by [...]
Beware of ATM Skimming
BY : IGNACIO BUNYE We may have heard of the term “ATM skimming”—a criminal endeavor involving an unwitting ATM user and a technologically savvy perpetrator—in recent new reports. According to Dr. Johnny Noe Ravalo, Managing Director of the Bangko Sentral ng Pilipinas (BSP), the suspects carry on with this modus operandi by [...]
A fair warning to wayward bankers
BY : IGNACIO BUNYE A former president of a closed rural bank learned this well-known legal adage the hard way after the Supreme Court declared his earlier conviction for estafa through falsification “final and executory.” Hilario P. Soriano, former Chairman/President of the closed Rural Bank of San Miguel (Bulacan), had been convicted [...]
Small business: Words of advice (Last of two parts)
BY : IGNACIO BUNYE In last week’s column, I shared wonderful advice from some of the country’s most accomplished and hardworking micro-entrepreneurs. These businessmen and women have been recipients of the Citi Micro-entrepreneur of the Year Awards (CMA) in the last 10 years since the program was created. The CMA Program, according [...]
Small Business: Words of Advice (First of two parts)
BY : IGNACIO BUNYE Last week, I received a special coffee table book entitled, “Small Steps to Success: Celebrating 10 Years of Partnership with Microentrepreneurs.” The book featured 10 microentrepreneurs who have received the “Citi Microentrepreneur of the Year” Award since the program was conceived 10 years ago. “Their [...]
BSP vindicated
BY : IGNACIO BUNYE The Bangko Sentral ng Pilipinas was vindicated in a decision recently issued by the Court of Appeals (CA), which effectively denied the petition by Banco Filipino investors to reopen the beleaguered bank. “Unless the Banco Filipino can specify its independent and strong financial commitment to address its present [...]
Mobilizing our savings
BY : IGNACIO BUNYE The recent passage of a law making life insurance more affordable for Filipinos is a welcome development for those who wish to invest in their future. By reducing taxes on insurance premiums, Republic Act 10001 will enable more Filipinos to purchase life insurance – financially preparing them and their families in the [...]