We are sorry, the requested page does not exist
Moody’s: Philippines highly exposed to food security risks
Food security risks will likely remain elevated in Asia-Pacific even if prices of food ease this year, with the Philippines among the most exposed to shocks and risks in the region, Moody’s Investors Service said......»»
Fair weather in Metro Cebu; El Niño to persist until May — Pagasa
CEBU CITY, Philippines — Cebuanos will continue to experience the blazing summer heat this week. According to the Philippine Atmospheric, Geophysical and Astronomical Services Administration (Pagasa) station in Mactan, Metro Cebu will have a generally fair weather in the next five days. “Padayon ta’ng makasinati og init ug igang nga panahon or generally fair weather.....»»
‘Byaheng Ayos’ on Lenten season generally peaceful
THE Davao Coast Guard District Southeastern Mindanao (DCGDS) said that Oplan Byaheng Ayos: Semana Santa 2024 was generally peaceful, saying that there were no casualties reported among the beachgoers......»»
Metro Cebu will have generally fair weather until weekend — Pagasa Mactan
CEBU CITY, Philippines — Metro Cebu will experience “generally fair weather” until Monday, March 4, according to a weather specialist in Mactan. Jhomer Eclarino, weather specialist of the Philippine Atmospheric, Geophysical and Astronomical Services Administration (Pagasa) in Mactan, confirmed this to CDN Digital on Thursday, February 29. Eclarino said that the temperature will range from.....»»
Traslacion generally peaceful – NCRPO
This year’s traslacion or the traditional procession of the Black Nazarene, which drew over six million devotees, was “generally peaceful,” the National Capital Region Police Office (NCRPO) reported on Wednesday......»»
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......»»
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.....»»
Globe reports steep 73.7% decline in blocked bank-related spam, scam SMS in 2023
The telecommunications company Globe has reported a significant 73.7% decrease in the number of blocked spam and scam SMS related to banks in 2023. This reduction is a result of the interception of 21.9 million bank-related fraudulent messages, a sharp decline from the 83.39 million messages blocked the previous year. Globe attributes this achievement to its proactive strategies and strong partnerships with major banks and financial institutions in the Philippines. The company has established anti-fraud alliances with the Bankers Association of the Philippines and individual players in the finance sector, enabling the sharing of data and intelligence to prevent and investigate fraud effectively. Anton Bonifacio, Chief Information Security Officer at Globe, emphasized the company's commitment to combating financial fraud and enhancing security measures for customer protection. Globe has invested approximately US$20 million to improve its spam and scam SMS detection and blocking system and operates a 24/7 Security Operations Center to filter out unwanted messages from both international and domestic sources. Despite certain limitations, Globe remains dedicated to customer protection and emphasizes the need for a unified approach in the fight against fraud. The company is focused on leveraging technology and strengthening alliances with key stakeholders to combat fraudulent activities. As Globe continues to advance its technologies and collaborations, it aims to provide a safer and more secure digital environment for its customers. For more information about Globe and its initiatives, visit www.globe.com.ph. (SPONSORED CONTENT).....»»
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......»»
Terrorists are jokers
The Anti-terror Law is a product of hysteria and paranoia of the previous administration. It aims to fight terrorism, but it is by itself the mother of all terrors, so it seems. From it emerge the awkward, leery stunts and exploits of those in the corridors of power. One big reason why I have never […].....»»
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.....»»
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......»»
BSP to be more cautious on lowering rates – S& P
The Bangko Sentral ng Pilipinas, along with other emerging market central banks, would be more cautious about cutting borrowing costs this year amid external risks, according to S&P Global Ratings......»»
Blazers emerge as masters of NCAA lawn tennis
College of St. Benilde flexed its muscle in lawn tennis after it mightily swept both the men’s and women’s division of the recently concluded NCAA Season 99 edition at the PCA courts in Paco, Manila......»»
Bound for Paris: Nesthy Petecio, Aira Villegas punch Olympic tickets
Boxers Nesthy Petecio and Aira Villegas emerge triumphant in their respective divisions in the World Qualification Tournament, increasing the Philippines' athlete roster for the Paris Games to six.....»»