Bangko Sentral ng Pilipinas supports regional anti-scam education program
What happened
The Bangko Sentral ng Pilipinas launched the Philippine leg of the Scam Ready Asean Program in Manila on October 12. This regional anti-scam education program, led by ASEAN Foundation, aims to train three million people across Southeast Asia to recognize and avoid online fraud. The initiative involves financial regulators, banks, technology companies, and telecommunications firms.
From newsbytes.ph
Why it matters
The program emphasizes that the expansion of digital financial services must be accompanied by stronger consumer protection measures, according to Bangko Sentral ng Pilipinas governor Eli Remolona Jr. This effort seeks to build a more vigilant and resilient financial environment in the region.
From newsbytes.ph
Who's involved
- Bangko Sentral ng PilipinasSupported the regional anti-scam education program.
- Google.orgOrganized the rollout and provided the Scam Ready game.
- ASEAN FoundationLed the regional anti-scam education program.
Keep exploring
The entities involved
-
Bangko Sentral ng Pilipinas
central bank of the Philippines
- The Bangko Sentral ng Pilipinas monitors lending growth and inflation expectations amid a steady rise in bond yields caused by conflict.
- The Philippine government (DA) is working to ensure affordable rice supply amidst global pressures from the Middle East and local production challenges due to El Niño, while the BSNP monitors inflation.
-
Manila
capital city of the Philippines
Related events
- BSP manages policy to stabilize the Philippine economy amidst external pressures.
- Francis Lim, who serves as the chairman of the Securities and Exchange Commission, shares a leadership structure with the Bangko Sentral ng Pilipinas.
- BSP manages monetary policy amidst Middle East supply shocks, while Arsenio Balisacan advises on Philippine long-term growth strategy.
- ADB monitors market conditions despite the ongoing policy rate hikes implemented by the Bangko Sentral ng Pilipinas.
- The Bangko Sentral ng Pilipinas is considering the risks posed by El Niño in its monetary policy decisions for the Philippines.