MALACAÑAN PALACE Manila BY THE PRESIDENT OF THE PHILIPPINES PROCLAMATION NO. 839 DECLARING OCTOBER 31, 2005 (MONDAY) AND DECEMBER 26, 2005 (MONDAY), AS SPECIAL (NON-WORKING) DAYS AND DECLARING NOVEMBER 30, 2005 (WEDNESDAY), AS A WORKING DAY, WHILE AUTHORIZING NOVEMBER 28, 2005 (MONDAY0, AS A NON-WORKING HOLIDAY, THROUGHOUT THE COUNTRY WHEREAS, December 26, 2005 (Monday), may …
CIRCULAR NO. 487 Series of 2005 Pursuant to Monetary Board Resolution No. 695 dated 26 May 2005, the provisions of the Manual of Regulations for Banks (MORB) are hereby amended to read as follows: Section 1. The last paragraph of Item “c” of Subsec. 1338.2 is hereby amended to read as follows: “Loans financed under …
BSP Circular 487: Amendments to the MOR for Banks re Subsec. 1338.2 and X338.3 Read More »
OFFICE OF THE GOVERNOR Circular No. 494 Series of 2005 Subject: Guidelines on the Adoption of Philippine Financial Reporting Standards and Philippine Accounting Standards The Monetary Board in its Resolution Nos. 1110 and 1194 dated 18 August 2005 and 8 September 2005, respectively, approved the following guidelines in adopting the provisions of the Philippine Financial …
MEMORANDUM Series of 2005 TO : All Banks and Non-Bank Financial Intermediaries (NBFIs) Subject : BSP Adoption of the General Information Sheet (GIS) of the Securities and Exchange Commission (SEC) Please be informed that the Bangko Sentral ng Pilipinas (BSP) has adopted the General Information Sheet (GIS) of the Securities and Exchange Commission (SEC) as …
CIRCULAR NO. 483 Series of 2005 Pursuant to Monetary Board Resolution No. 461 dated 7 April 2005, the second paragraph of Section X238 of the Manual of Regulations for Banks is hereby amended to read as follows: “Unregistered commercial papers may be sold, discounted, assigned, or negotiated by banks to THE FOLLOWING: a. other banks …
CIRCULAR NO. 490 Series of 2005 Pursuant to Monetary Board Resolution No. 831 dated 23 June 2005, the Manual of Regulations for Banks (MORB) and the Manual of Regulations for Non-Bank Financial Institutions (MORNBFI) are hereby amended to read as follows: Section 1. Subsection X136.2 and Section 4126Q.2 of the MORB and MORNBFI, respectively, are …
BSP Circular No. 490: Requirements on the Declaration of Dividends Read More »
CIRCULAR NO. 482 Series of 2005 Pursuant to Monetary Board Resolution No. 537, dated 21 April 2005, the Manual of Regulations for Banks (MORB) is hereby amended, as follows: Section 1. Item c. is hereby added to Subsec. X281.1 of the MORB on Exemption from reserve requirement to read as follows: ” x x x …
Circular No. 482: Exemption from reserve requirement Read More »
December 17, 2007 Dear FELLOW RURAL BANKERS, With the festive decorations that surround us exuding joy and gaiety, Christmas has truly arrived. And I would like to be among those who will convey to you the eternal meaning of this blessed season of love, peace, and joy. The travails and challenges that has assailed us, …
MEMORANDUM Series of 2005 TO : All Banks Please be informed that the submission and parallel testing of Subsidiary Ledgers (SL) under the SL Reporting System for all banks is hereby temporarily suspended. The SL Reporting System was previously implemented through the issuance of the Memorandum to All Commercial Banks dated 26 January 2004, Memorandum …
BSP Memorandum dated June 8, 2005: Suspension of the SL Reporting System Read More »
CIRCULAR-LETTER To : ALL BANKING INSTITUTIONS Pursuant to Memorandum Order No. 173 dated 24 May 2005 issued by the Office of the President, enjoining all branches of government to participate actively in the celebration of the 107th Anniversary of Philippine Independence and to enlist the participation of private sector groups and non-government organizations, all banking …
SPEECHES: 1. Acceptance Speech of Atty. Francis S. Ganzon 2. Dep. Gov. Nestor A. Espenilla, Jr. (BSP) 3. Dir. Marcelinda Omila-Yap (BIR)
An Act Amending the National Internal Revenue Code as Amended and for other Purposes TITLE IV VALUE- ADDED TAX CHAPTER I – IMPOSITION OF TAX Section 105. Persons Liable. – Any person who, in the course of trade or business, sells barters, exchanges, leases goods or properties, renders services, and any person who imports goods …
MEMORANDUM Series of 2005 TO : All Banks Subject : Exposure Draft of Basel 2 Implementing Guidelines for the Philippines All banks are invited to comment on the exposure draft of Basel 2 Implementing Guidelines for the Philippines, a copy of which is posted at the BSP Website (http://www.bsp.gov.ph) Comment period is until end-September 2005. …
MEMORANDUM Series of 2005 TO : All Banks With regard to the implementation of Circular No. 475 dated 14 February 2005, the following clarifications are hereby issued: Treatment of non-performing secured loans. Non-performing loans, which are secured by eligible collaterals or guaranteed by eligible guarantors, shall be assigned the risk weight of the collateral or …
CIRCULAR LETTER Series of 2005 TO : All Banking Institutions To create the highest level of public awareness to the importance of credit and ensure the nationwide observance of Credit Consciousness Week (April 24 to 30), all banking institutions and their branches are enjoined to undertake during the said week, supportive publicity and promotional activities …
BSP Circular Letter dated 14 April 2005: Credit Consciousness Week (April 24 to 30) Read More »
The mission of the Rural Bankers Association is to support the ability of its members to offer quality banking services to all their constituencies, comply with regulatory requirements, and to promote the welfare of the communities in which they operate.
