Security Plant Complex

Security Plant Complex

An organization in the Philippines that issues legal tender coins for general use. It was established in 1978 and is controlled by the Central Bank of the Philippines. It is based in Manila.
References in periodicals archive ?
Luna, in-charge of the BSP Security Plant Complex (SPC) in Quezon City, said the first batch of national IDs or about 16 million is scheduled to be released within the first quarter next year.
Luna, who is also head of the BSP's Security Plant complex, said that the central bank's Monetary Board has instructed the department to finalize the design of the proposed P20 coin.
Dominguez had said that 'with this new tax rate and the possible reduction both in the assay fee and in the processing of gold payments in the Security Plant Complex, small-scale gold miners have committed to sell back their gold produce to the BSP.'
'Those individuals may, during office hours, either at its head office in Manila or its Security Plant Complex in Quezon City, visit the BSP.
The General Luna coin shall be available starting 24 November 2017 at the Cash Department-BSP Main Office (Manila) and Security Plant Complex (Quezon City), La Union, Davao and Cebu Regional Offices.
The lectures were also live streamed to audiences in the Security Plant Complex as well as the BSPs regional offices and provincial branches.
"(We will print) sometime towards the end of the year." The IDs will be printed at the BSP's Security Plant Complex in Quezon City, where they print banknotes, mint coins and refines gold.
The BSP managing director appealed to the individuals affected to turn over misprinted notes toBSP Head Office in Manila, its security plant complex in Quezon City or regional branches.
Together with the reduction of assay fees and processing of gold payments at the BSP's Security Plant Complex, the new tax rate would thus boost the small-scale gold industry, he added.
In 2003, COA assessed that, the BSP deductions totaled P3.1 billion from its net earnings, of which P800 million was for property insurance and P2.3 billion was for the Security Plant Complex, which needed P5.8 billion for its rehabilitation.
However, sources said it is possible that the BSP, which has upgraded its Security Plant Complex in Quezon City with new superliner printers and modernized facilities, could produce the passports from here and not require outside printers.
The Bangko Sentral ng Pilipinas used to print the passports at its security plant complex in Quezon City.
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