Issue of April 7, 2019
     
NEWS
Abra
Benguet
Ifugao
Kalinga
Mt. Province
 
OPINION
 

2019
Panagbenga Flower Festival
 
Other Links:
Mandatory use of detectors of counterfeit money proposed
by PIO release

A proposed ordinance requiring all commercial and institutional establishments in the city to install and use counterfeit money detectors in their operations has been filed at the city council this week.

The proposal authored by Councilor Levy Lloyd Orcales stated that the measure, if approved, shall apply to all commercial and institutional establishments in the city to be used in their transactions for the immediate authentication of bank notes and for their proper turnover and disposal through the Bangko Sentral ng Pilipinas.

The City Permits and Licensing Division under the City Mayor’s Office shall be responsible in notifying all commercial and institutional establishments to use counterfeit money detectors within 60 days from the approval of the proposed ordinance.

Should the owners of commercial or institutional establishments in the city fail to comply, their application or renewal of business permits for the succeeding fiscal year will be considered pending until such time they will be able to prove that they have acquired and are already using such equipment.

The proof of acquisition of counterfeit money detectors can be accepted if owners of the establishments can present an additional receipt bearing the purchase of the equipment.

Apprehension of persons or groups as implicated by the “last touch principle” shall be pursuant with the provisions of the Revised Penal code.

The BSP, by virtue of Section 50 of Republic Act 7653 or the New Central Bank Act, is the sole government institution mandated by law to issue notes and coins for circulation in the country.

BSP Circular 61, s. 1995 also provides for the consolidated rules and regulations on currency notes and coins in the country which stipulated that the reproduction, possession of fake or counterfeit bank notes and coins are punishable by fines and imprisonment under the Revised Penal Code.


Your Ad Here


BUSINESS
‘Firms need new biz models to survive digital disruption’

8 ex-rebels receive aid through expanded irrigation program

Mapping of historical sites in CAR begins

Private sector urged to invest in tourism

Japanese immerse in Ifugao culture

Women’s unpaid work in PH worth trillions of pesos – PIDS

Starting entrepreneurs urged to invest in franchise trade

PH should focus on students’ trainability, researcher says

BIR reminds political bets, backers to pay tax obligations

Library offers free use of PCs


PWU Baguio
Technical Education & Skills Development Authority – CAR
University of Baguio

Baguio Central University
Baguio Country Club
Benguet Electric Cooperative Inc.
Bureau of Fisheries and Aquatic Resources – CAR
Congressman Ronald M. Cosalan
Department of Health – CAR
Grab
John Hay Management Corporation
National Grid Corporation of the Philippines
New Media Services
Pag–IBIG Fund
Pines City Colleges
Sangguniang Panlungsod
SiTEL

ABC360
Assumption Medical Diagnostic Center
Baguio Center Mall
Baguio Water District
Choobi Choobi
Congressman Mark O. Go
Councilor Leandro B. Yangot Jr.
Curamed Pharmacy
Department of Environment and Natural Resources – CAR
Department of Public Works and Highways – CAR
Department of Science and Technology
Fabulo Beauty and Image Salon
Far East Pacific Commercial
Filipino–Japanese Foundation of Northern Luzon, Inc.
Ganza & Solibao Restaurants
Gen. Benjie B. Magalong
GMS Technology
Governor Crescencio C. Pacalso
Maybank
Mayor Mauricio G. Domogan
Mayor Romeo K. Salda
Mother Earth Deli Basket
Nagomi Spa
Narda’s / Sunflower Ridge
NIIT
Northern Luzon School for the Visually Impaired, Inc.
Our Lady of Mt. Carmel Montessori, Inc.
Philex Mining Corporation
Police Regional Office – CAR
Regional Development Council – CAR and National Economic and Development Authority – CAR
Regional Tripartate Wages and Productivity Board – CAR
SN Aboitiz
Tony Boy Tabora
Veterans Bank

Home | About Us | Editorial Policy | Contact Us  
News | Opinion | Snapshots | Week's Mail | Obituaries  
Copyright © 2007-2015. All Rights Reserved. baguiomidlandcourier.com.ph