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BSP onboards 1st nonbank electronic money issuer
The Bangko Sentral ng Pilipinas (BSP) achieved a significant milestone by welcoming OmniPay, Inc. as the first nonbank electronic money issuer (EMI) participant in its Real Time Gross Settlement (RTGS) payment system, PhilPaSSplus. This move aligns with the National Payment Systems Act and signifies a more inclusive national payment system, allowing nonbank financial institutions to conduct efficient and low-risk funds transfers directly through the central bank. Assistant Governor Mary Anne P. Lim emphasized the BSP's commitment to safeguarding the entire Peso RTGS payment system amidst global trends of diversified participation. With 236 institutions, including various banks and nonbank entities, utilizing PhilPaSSplus for large value transactions and retail payment clearing, the BSP's initiative reflects a broader trend of central banks facilitating direct access for nonbank entities to settlement services. This development comes as international standard-setting bodies work on access guidelines to manage risks in evolving payment systems with new players and financial technologies......»»
Philippines, German central banks partner on capacity-building
The central banks of the Philippines and Germany have formalized their partnership on capacity-building through the signing of a memorandum of understanding......»»
Public sector banks doing better in managing NPAs vis-a-vis their private counterparts: FICCI-IBA survey
New Delhi [India], March 21 (ANI): Public sector banks in India are doing better in comparison to their private sector counterparts in terms of non-performing assets, a survey conducted by industry body FICCI and banking association Indian Banks' Association (IBA) found. A nonperforming asset refers to loans or advances that are on the brink of default. According to the survey, a large majority (77 per cent) of the respon.....»»
ADB approves 655,000 USD to help Philippine rural banks digitization
MANILA, Feb. 19 (Xinhua) -- The Asian Development Bank (ADB) on Monday said it will provide grants totaling 655,000 U.S. dollars for the digitization of nine rural banks and a bank consortium in the Philippines. The grants are part of ADB's Fintech for Inclusion Transformation (FIT) program. The grant awardees were chosen from among rural banks nationwide serving women, farmers, fisherfolk, and micro, sma.....»»
ADB approves 655,000 USD to help Philippine rural banks digitization
MANILA, Feb. 19 (Xinhua) -- The Asian Development Bank (ADB) on Monday said it will provide grants totaling 655,000 U.S. dollars for the digitization of nine rural banks and a bank consortium in the Philippines. The grants are part of ADB's Fintech for Inclusion Transformation (FIT) program. The grant awardees were chosen from among rural banks nationwide serving women, farmers, fisherfolk, and micro, sma.....»»
How to Avoid Procrastination, A Must Read
Ever find yourself juggling tasks at the last minute, heart pounding as deadlines creep closer? Well, you’re not alone. Let’s chat about how to kick procrastination to the curb and make work life a bit smoother. Start by breaking tasks into bite-sized chunks. It’s like tackling a pizza slice instead of the whole pie. Trust […].....»»
Navigating Holy Week Travels: A Pilgrim’s Guide
As the solemnity of Holy Week draws near, many embark on journeys, seeking spiritual solace or simply a break from the daily grind. Yet, traversing the roads during this sacred time requires a mindful approach. Here, we offer a compass to navigate the seas of travel during this revered period. First and foremost, foresight is […].....»»
Dyowa ni Selena Gomez binengga nang okrayin ang Pinoy fast food chain
BUGBOG-SARADO ang American record producer na si Benny Blanco sa mga netizens matapos mag-viral ang pambabarubal nito sa isang Pinoy fast food chain. Pinutakti ng hate comments si Benny dahil sa hindi makatarungang pagre-review nito sa food and drinks mula sa sikat na fast food dito sa Pilipinas. Napanood din namin ang TikTok video ng.....»»
Lab-grown proteins, edible containers, and other food innovations we’ll eat in 2024
San Miguel Foods Culinary Center recently presented “Food Forward: A Taste of 2024 Food Trends” hosted by Paolo Abrera and chef Llena Tan-Arcenas, who saw these trends at the 2023 Thailand Food Expo, as well as from SMFCC’s research and observations......»»
Delight in the future of healthy and convenient eating as FOODPhilippines joins Gulfood 2024
A delegation of 25 food exhibitors will rally behind FOODPhilippines, the country’s collective food promotions program, to showcase an array of nutritious food options at the 29th edition of Gulfood. The Philippine delegation will return for the 19th consecutive time to one of the world’s biggest and most relevant trade shows for food and beverage […].....»»
ICTSI remains on expansion mode even as risks abound
Ports tycoon Enrique Razon Jr. is keeping an eye out for expansion opportunities in four regions as the billionaire indicated he has no plans of standing idle even in the face of emerging risks......»»
Putin: Sending Western troops to Ukraine risks global nuclear war
Putin: Sending Western troops to Ukraine risks global nuclear war.....»»
PSSO warns anew vs building structures atop dikes, coastal road
The Davao City Public Safety and Security Office's (PSSO) Coastal Road and Davao River Monitoring Team has issued a renewed warning to Dabawenyos against constructing buildings on top of dikes and along the coastal road. This caution follows the dismantling of 334 illegal structures from October 2020 to the third week of January 2023. PSSO Head Angel Sumagaysay emphasized that these structures, including house extensions, kitchen extensions, cages, and sala extensions, are typically found atop or attached to dikes and gabions near the Davao River. Recent operations in the Talomo District involved the removal of a hut at Purok 8 Iñigo, Matina Pangi, and a reconstructed fisherman's kiosk at the Punta Dumalag section of the Coastal Area. Sumagaysay highlighted that the PSSO collaborates with barangays to identify and address illegal structures, and owners are given the choice to self-demolish or have the PSSO carry out the demolition. Sumagaysay stressed that illegal structures on dikes and gabions pose risks to the structure's integrity, potentially leading to increased flooding and related issues. He urged residents living near the river to refrain from constructing any form of extension or additional structure on the dikes, emphasizing the need to preserve their stability to prevent flooding and overflow. The PSSO does not have a specific target number of structures to dismantle, but rather identifies them during monitoring and inspection, working in coordination with barangays and purok leaders. Sumagaysay hopes that the public comprehends the purpose behind these dismantling efforts, emphasizing the importance of safeguarding the dikes to mitigate flooding risks......»»
Chemicals in counterfeit, fake fragrances may pose health risks
Chemicals in counterfeit, fake fragrances may pose health risks.....»»
Extreme weather, economic downturn top risks for Philippines – WEF
Extreme weather events, an economic downturn and shortage in energy supply are the top risks seen in the Philippines for the next two years, according to the World Economic Forum......»»
Local hopes and global risks
In national development as in personal life, hopes and expectations at the start of a new year are also fraught with risks......»»
ASEAN expands regional payment connectivity
The Association of Southeast Asian Nation has onboarded Brunei Darussalam Central Bank and Bank of the Lao PDR in ramping up cross-border payments in the region, bringing the number of total central banks participating in the regional payment connectivity initiative to eight......»»
Balancing Your 9-to-5 and Side Hustle with Grace
If you’ve stumbled upon this, chances are you’re acquainted with the challenge of managing a full-time job and a side hustle. It’s no small feat. This article is here to provide straightforward advice for finding equilibrium without adding unnecessary drama to the mix. Let’s recognize the daily balancing act. Juggling a 9-to-5 with a side […].....»»
5 Movies and Series that will let you remember how much you ‘love being a woman’
CEBU CITY, Philippines – Let’s face it – as modern-day women juggling work and life, just summoning the energy to do anything beyond the daily grind feels like a small victory. We often forget to take a moment for ourselves, to embrace our femininity, and to love being a woman. For us hardworking gals, winding.....»»
The Harmony of 9-to-5 and Freelance Finesse
Balancing the demands of a regular job and freelancing is a juggling act that many of us are familiar with. Crafting a seamless harmony between the structured routine of the nine-to-five and the creative chaos of freelancing requires strategic finesse. Create a Schedule and Set Priorities Firstly, establishing a well-thought-out schedule is pivotal. It’s akin […].....»»