BSP OKs Emergency Withdrawals - BusinessWorld Online

BSP OKs emergency withdrawals - BusinessWorld Online

THE Bangko Sentral ng Pilipinas (BSP) has instructed banks in the province of Masbate to allow emergency withdrawals if necessary, following the onslaught of Typhoon Bualoi (Opong). In a statement on Thursday, the central bank said it has been providing the cash requirements of banks operating in the province through its Legazpi branch. It added that it has been working with its supervised financial institutions to ensure banking services are ac…

BSP working to ensure cash availability in Opong-hit Masbate

The Bangko Sentral ng Pilipinas (BSP) said Thursday it has been closely coordinating with financial institutions to sustain the availability of cash and banking services in Masbate, which was hit by Typhoon Opong (international name: Bualoi).

Opong destroys P70 million worth of irrigation facilities in Masbate

LEGAZPI CITY—Six communal irrigation systems managed by the National Irrigation Administration (NIA) Bicol sustained heavy damage in the island province of Masbate following the onslaught of Typhoon Opong (international name: Bualoi), with initial estimates placing the total cost at P70 million. READ: Masbate hardest hit by Opong with 3 dead-OCD According to a damage assessment report, irrigation infrastructure in four municipalities, particular…