Unang Balita is the news segment of GMA Network's daily morning program, Unang Hirit. It's anchored by Arnold Clavio, Susan Enriquez, Ivan Mayrina, Connie Sison, and Mariz Umali, and airs on GMA-7 Mondays to Fridays at 5:30 AM (PHL Time). For more videos from Unang Balita, visit http://www.gmanetwork.com/unangbalita.
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Breaking news and stories from the Philippines and abroad:
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NewsTranscript
00:00 A working student was in tears after discovering that his mother ate the money he saved.
00:05 He lost P14,000.
00:08 Here is the first news of Jamie Santos.
00:11 It was hard. After what happened, my mother ate it.
00:19 Randy, a student, was in tears after he saved money from being a working student.
00:27 He has nothing left. He's going to be a fool.
00:30 He hid P20,000 in a box made of cardboard and covered with plastic.
00:37 His mother ate more than half of it, equivalent to P14,000.
00:42 I was just laughing at that time. I was blanking.
00:46 Randy's friend was the one who discovered what happened.
00:49 When he left, the box was broken.
00:55 When he went to the balcony, he found something.
00:59 It was like something was moving.
01:03 Randy is now graduating from the course of Information Technology.
01:07 But the problem now is his enrollment in the school.
01:11 What happened to Randy's money?
01:13 As part of the mutilated banknote,
01:17 according to BSP Circular No. 829, Series of 2014, there are three requirements to replace the money that was lost.
01:26 60% of the money should still be left.
01:30 Any part of the signature of the BSP Governor or President of the Philippines should be left.
01:36 Third, the security thread that should be seen in the money that was lost.
01:42 Aside from the fact that the security thread was lost or damaged due to fire, chemical, wetness,
01:48 and water or like a plague, the money that was lost should be brought to the authorized bank.
01:54 The bank will bring it to the BSP for inspection.
01:58 If the money that was lost exceeds the requirements, the BSP will deposit the money in the account of the bank
02:04 so that it can be returned to their client.
02:07 The problem is that Randy's money is getting more and more expensive and the land is getting more and more.
02:13 Only P6,000 is left in his savings.
02:17 Before, the public was begging the BSP to deposit the money in formal accounts like banks, e-money issuers, microfinance institutions, and cooperatives.
02:28 It is said that these are regulated by the BSP and other agencies.
02:32 That's why the money can be more protected than saved at home.
02:36 Since she was a child, she has been saving in installments.
02:40 She tried using the allowance but she stopped.
02:44 That's why the money that she saved is directly deposited in the bank.
02:47 The mother has a house.
02:49 Second, when the money comes in another year, it is no longer usable.
02:56 You have to exchange it to the bank and sometimes it gets damaged.
03:00 So you don't trust the allowance holders?
03:04 Yes. And there is a tendency for the money to be stolen.
03:08 Unlike the banks, it is safe.
03:11 Day was the one who brought the allowance.
03:14 It was said that the typhoon Ondoy destroyed all of his brothers' allowances.
03:19 That's why the money he saved was lost.
03:21 The typhoon Ondoy was the one that destroyed our brothers' allowances and we lost our savings.
03:27 That's why after that, we learned, our parents taught us to use the bank.
03:33 This is the first news.
03:35 Jamie Santos for GMA Integrated News.
03:39 [News broadcast]
03:52 [BLANK_AUDIO]