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3 lotto bettors win millions in 2 days

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The Philippine Charity Sweepstakes Office (PCSO) said three lotto bettors became millionaires in a span of two days. PCSO General Manager Royina Garma said a lucky bettor from Mandaluyong guessed the winning combination 16-17-05-30-29-21 of the...

PNP officer-in-charge Lt. Gen. Archie Gamboa, in an interview with reporters on Wednesday / PNA

No looting incident reported during Taal eruption

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The Philippine National Police (PNP) said no looting incidents and other related crimes were reported at the height of Taal Volcano's eruption since Sunday. “We were happy when the deputy regional director for administration reported ...

DTI eyes sanctions vs 12 Bambang stores selling overpriced N95 masks

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At least 12 medical supply stores along Bambang Street in Sta. Cruz, Manila were issued notices of violation for selling overpriced N95 masks, according to the Department of Trade (DTI). DTI Undersecretary Ruth Castelo said the allowable price ...

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The new %u20B120 coin and the 'enhanced' %u20B15 coin / Deo Mariano Enalpe

BSP set to release P20 coins

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The Bangko Sentral ng Pilipinas is set to circulate P20 coins in place of P20 bills.

The P20 coin retains the image of former President Manuel L. Quezon on the front side, and the BSP logo and the Malacañang Palace on the flip side.

It also showcases the native flora called Nilad, believed to be the inspiration behind the Philippine capital's name Manila, the BSP said.

Replacing the P20 bill with a coin is "more cost-effective" since it will have a longer circulation life, the BSP said. It costs P2 to produce a P20 bill, which lasts for 6 months, while it costs P10 to make a P20 coin that could last for 10 years, BSP Gov. Benjamin Diokno said.

The P20 bill is also the most used denomination for payments in the country, the BSP said. The coin will co-exist as a legal tender along with the banknote, which will be removed from circulation through natural attrition, it said.

An enhanced P5 coin was also introduced featuring nine-sides to make it more distinct from other coins.

The new P20 coin will be the highest denomination in the BSP's New Generation Currency (NGC) series launched in 2018.

The BSP earlier said it would release the new P20 in circulation by 2020.

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