Category Archives: Finance

Priorities, Priorities: An Appeal To Philippine Congress

As the Philippine Senate and House of Representatives engage in their usual melodramas, one might wonder if they’ve forgotten the real struggles of ordinary Filipinos. 

Instead of tackling issues like the leaked PDEA documents or the disastrous Rice Tariffication Law, they’re embroiled in political theater. While they pontificate, the average Pinoy is losing sleep over looming Meralco bills, blamed on everything from El Niño to the alignment of the stars. 

Perhaps it’s time for Congress to pass a bill instituting installment payments for electric bills this month? But wait, that would be too sensible. Let’s keep the lights off and blame it on climate change! After all, what better way to distract from their own ineptitude than by pointing fingers at Mother Nature? 

Until then, Filipinos can only hope that their candles last longer than their politicians’ attention spans.

BSP Issues New Rules On P1,000-Bill Authentication

MANILA, Philippines (The Adobo Chronicles, Manila Bureau) – Thanks to the investigative prowess of Senator Bato de la Rosa, the Bangko Sentral Ng Pilipinas (Central Bank of the Philippines) has issued new rules on the authentication of the P1,000-peso polymer bills.

In the recent Senate hearing on the alleged PDEA leaked documents implicating President Bongbong Marcos in alleged illegal drug use, the former Philippine National Police chief used the hole punch test in certifying to the authenticity of said documents.

In a new memorandum circular, BSP now requires all banks, government offices and merchants to stock up on paper hole punchers to be used in the new authentication process.

Under the rules which will go into effect on May 15, 2024, all those accepting the crisp bank notes are required to punch a hole on them. “If the hole punch goes through, then the bill is authentic,” BSP said. It added that a maximum of 10 punch holes is allowed on each bill, after which, the bank note must be exchanged for a new ne at any bank or financial institution.

MERALCO’s Friendly Advice To All Its Customers This Month (Video)

(Original video clip CTTO)