BSP Implements New Rules for Cash Transactions Above ₱500,000

The Bangko Sentral ng Pilipinas (BSP) has issued Circular No. 1218, known as the Regulation on Large Value Cash Transactions, which took effect on October 3, 2025. This new regulation aims to promote financial transparency and strengthen the integrity of the Philippine monetary system. What the Circular says Under BSP Circular 1218, all cash withdrawals […]

Can You Really Go to Jail for Not Paying Your Debt?

Many people still wonder: “What if I cannot pay my debt for a long time?” “Would I be imprisoned if I admitted that I don’t have the means to pay?” or “Could my creditor file a criminal case if I am insolvent?” Let’s break down what the law really says about these situations and understand […]