
BSP Davao withholds millions of miners’ money
The gold mining cooperatives in Davao de Oro had broken their silence over the delay of the release of multi-million pesos retained by Bangko Sentral ng Pilipinas [BSP]representing 3.5 percent of the total value of gold they sold to BSP on a weekly basis. By rough estimates about ₱42-million is retained for every 200 kilograms…