Security Plant Complex News Today

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

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

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

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

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 positiv...

The Philippine Deposit Insurance Corporation (PDIC) announced the appointment of former Monetary Board (MB) Member, Juan De Zuñiga, Jr., as Member of the PDIC

THE Philippine Deposit Insurance Corp. (PDIC) announced the appointment of former Monetary Board (MB) member, Juan D. De Zuñiga Jr., as member of the PDIC Board representing the private sector. Atty. De Zuñiga, Jr. took his oath of office before Finance Secretary and PDIC Chairman Carlos G. Dominguez via Zoom…

Published July 6, 2021, 8:00 AM To ensure adequate supply of physical money during the pandemic, the Bangko Sentral ng Pilipinas (BSP) outsourced 62.2 percent of banknotes from foreign printers last year, printing only 34.7 percent locally, according to a BSP report. This is in contrast to what is considered “normal times” when BSP will print most of the country’s banknotes requirements. In 2019 it produced 65.7 percent of banknotes and only outsourced 34.3 percent. The BSP outsource curr...

The Bangko Sentral ng Pilipinas has launched a design competition for its production facility which will be built at the New Clark City in Capas, Tarlac.

The Bangko Sentral ng Pilipinas (BSP) is exploring options on what to do with its six-hectare Security Plant Complex (SPC), currently valued at P8 billion, in Quezon City once it has relocated its printing facility in New Clark City in Capas, Tarlac. “We’re keeping our options open,” said BSP Gov