Latest news with #P1.5
GMA Network
03-06-2025
- GMA Network
Fishers found P1.5B worth of shabu off Zambales waters —PDEA
Ten fishermen from Bataan discovered ten sacks of shabu worth P1.5 billion floating off the waters of Masinloc, Zambales, the Philippine Drug Enforcement Agency (PDEA) said Monday evening. In a statement, PDEA said the fishermen found the illegal drugs on May 29 and turned them over to authorities on Monday, June 2. Inside the ten sacks were 223 assorted vacuum-sealed transparent plastic packs containing the illegal drugs. In a separate statement, the Philippine Coast Guard (PCG) said the agency received a report about the sacks of suspected narcotics from a fisherman. Out of fear of possible reprisal, the PCG said the fisherman secured the contraband aboard a grounded barge in Mariveles, Bataan. Coast Guard K9 units inspected the items and confirmed the presence of suspected illegal drugs. The Coast Guard Station Bataan immediately coordinated with the PDEA-Bataan that conducted an on-site assessment and confirmed that the recovered items were indeed illegal drugs. The PDEA Regional Office 3 ordered a probe into the origin of the drugs. Anti-illegal drug agents in Bataan and Zambales are collaborating with other law enforcement agencies and local governments. According to the PDEA, the recovered drugs will undergo forensic examination.—Joviland Rita/AOL, GMA Integrated News
GMA Network
16-05-2025
- Business
- GMA Network
BSP to suspend ops of coin deposit machines in select malls next month
The Bangko Sentral ng Pilipinas said on Friday that it will temporarily suspend the operations of its coin deposit machines (CoDMs) in select Metro Manila malls starting June 17, 2025. 'The BSP is implementing the temporary suspension to conduct a thorough review of how to re-circulate idle coins and serve Filipinos' coin exchange needs even better. Following the review, the BSP will relaunch the Coin Deposit Machines as part of its commitment to enhancing its coin recirculation program,' the BSP said in an advisory. The BSP said the public can still deposit their coins until June 16. The central bank noted that almost P1.5 billion worth of coins have been processed in the machines since the CoDMs were launched in 2023. Further, the BSP advised that the public can still deposit their fit coins in banks. It added that those with no bank accounts may exchange their fit, unfit, and mutilated coins in banks and other financial institutions serving as currency exchange centers under the BSP Piso Caravan program. 'Unfit coins may be presented for exchange at any bank as part of their duties to promptly remove unfit currency from circulation,' the BSP said. — BAP, GMA Integrated News
