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Philippines FDI net inflows drop by 29.6 pct in October

MANILA, Jan. 10 (Xinhua) -- Foreign direct investment (FDI) that flowed into the Philippines declined year-on-year by 29.6 percent in October 2023 to 655 million U.S. dollars, the country's central bank said Wednesday. The Bangko Sentral ng Pilipinas (BSP) said the latest figure brought the country's FDI net inflows from January to October 2023 to 6.5 billion dollars, a 17.5 percent decline from the same period.....»»

Category: newsSource:  manilanewsRelated NewsJan 12th, 2024

Filing of complaints now easier with CARe System – DTI

The DTI introduced the DTI Consumer Complaints Assistance and Resolution System (CARe System) to the general public on 13 October 2023 held at the New World Hotel Manila......»»

Category: newsSource:  samarnewsRelated NewsMar 22nd, 2024

2.4M Dabawenyos working as of Oct 2023

The October 2023 Preliminary Employment report by the Philippine Statistics Authority-Davao Region (PSA-Davao) reveals that 64 percent of the 3.780 million Dabawenyos aged 15 and above are part of the labor force, indicating that 2.42 million individuals are employed. This represents a 1.8 percentage point increase from the previous year. The report also highlights a 97.1 percent employment rate in the Davao Region as of October 2023, with a 2.9 percent unemployment rate, lower than the national average. Despite this, the region still maintains the highest employment rate in the Philippines. Additionally, the report compares employment rates across different regions, with Soccsksargen, Barmm, Central Luzon, CAR, Caraga, Western Visayas, Cagayan Valley, Mimaropa, and Central Visayas surpassing the national average. The Bangsamoro Autonomous Region in Muslim Mindanao (Barmm) records the highest labor force participation rate among 17 regions, while the Zamboanga Peninsula has the lowest rate. The data is collected through the Labor Force Survey (LFS) conducted quarterly and monthly by the PSA central office and its regional statistical services offices. The Davao Region, with nearly 6 million inhabitants, remains the 7th most populous region in the country......»»

Category: newsSource:  sunstarRelated NewsJan 30th, 2024

BPI, DSWD teach 4Ps beneficiaries how to save

BPI, DSWD teach 4Ps beneficiaries how to save.....»»

Category: newsSource:  philstarRelated NewsApr 8th, 2024

BPI, DSWD teach 4Ps beneficiaries how to save

BPI, DSWD teach 4Ps beneficiaries how to save.....»»

Category: newsSource:  philstarRelated NewsApr 8th, 2024

BPI, DSWD teach 4Ps beneficiaries how to save

BPI, DSWD teach 4Ps beneficiaries how to save.....»»

Category: newsSource:  philstarRelated NewsApr 8th, 2024

BPI, DSWD teach 4Ps beneficiaries how to save

BPI, DSWD teach 4Ps beneficiaries how to save.....»»

Category: newsSource:  philstarRelated NewsApr 8th, 2024

BPI to hold annual stockholders meeting on April 23

Notice is hereby given that the annual meeting of stockholders of Bank of the Philippine Islands (BPI) will be conducted virtually on April 23......»»

Category: newsSource:  philstarRelated NewsApr 2nd, 2024

BPI unit targets to onboard more wealthy clients

The wealth management arm of Ayala-led Bank of the Philippine Islands (BPI) aims to onboard more clients with high to ultra-high net worth by the end of the year......»»

Category: financeSource:  philstarRelated NewsMar 22nd, 2024

BPI strengthens partnership with ACEN to promote renewable energy

BPI strengthens partnership with ACEN to promote renewable energy.....»»

Category: newsSource:  sunstarRelated NewsFeb 20th, 2024

BPI AIA named best life insurer in Philippines

BPI AIA Life Assurance Corp. has been recognized as the best life insurance company in the Philippines......»»

Category: financeSource:  philstarRelated NewsJan 21st, 2024

Authentic System Solutions streamlines processes and workflows

Discover how Authentic System Solutions can help streamline your construction business processes & workflows. Founded in 2013, Authentic System Solution is a Cebu-based Software Company with over 100 active clients nationwide and is compliant with BIR Computerized Accounting System (CAS) requirements.  “Our goal is to help our client’s process and workflows in-place based on the.....»»

Category: newsSource:  inquirerRelated NewsFeb 3rd, 2024

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......»»

Category: newsSource:  sunstarRelated NewsJan 15th, 2024

Your favorite appliance store gets a fresh upgrade!

Your favorite appliance store gets a fresh upgrade!.....»»

Category: newsSource:  sunstarRelated NewsApr 24th, 2024

San Carlos hog raisers urged to upgrade farm biosecurity

San Carlos hog raisers urged to upgrade farm biosecurity.....»»

Category: newsSource:  sunstarRelated NewsApr 2nd, 2024

Misamis Oriental s pilgrimage site closes for tourism upgrade

Misamis Oriental s pilgrimage site closes for tourism upgrade.....»»

Category: newsSource:  sunstarRelated NewsMar 15th, 2024

Provincial airports get P14 billion for upgrade

The Department of Transportation is allocating P14 billion this year for the development and upgrade of regional airports to support the recovery of domestic tourism......»»

Category: financeSource:  philstarRelated NewsFeb 7th, 2024

USAID, Victorias LGU collaboration to upgrade local governance

USAID, Victorias LGU collaboration to upgrade local governance.....»»

Category: newsSource:  sunstarRelated NewsJan 25th, 2024

CARD Inc. Medical Services opens in Tanauan, Leyte

CARD, Inc. - CARD MRI’s Microfinance and Health Protection (MaHP) opens a clinic and laboratory facility that offers medical services in Tanauan, Leyte on October 5, 2023......»»

Category: newsSource:  samarnewsRelated NewsMar 22nd, 2024

Travel agencies group warns about cheap, illegal operators

The Davao Travel Agencies Association (DTAA) has issued a warning about unregistered and illegal travel and tour operators in their area. These operators have been found to be offering travel and tour services without proper licensing, leading to issues such as lack of refunds, scheduling problems, and other travel arrangement discrepancies. Pia Partoza Montano, a travel agency owner and Vice-President for the Travel and Tours Sector of DTAA, emphasized the prevalence of these unauthorized operators, particularly in inbound tourism, and the challenges in monitoring and regulating them due to their large numbers. Montano also highlighted the potential risks associated with using these unregistered agencies, as they may offer cheaper rates but could lead to problems in case of incidents. To address this issue, the Department of Tourism-Davao (DOT-Davao) has introduced a QR code system to help the public verify the legitimacy of travel agencies by accessing data on authorized and registered operators. The DOT-Davao encourages travelers to transact with accredited enterprises to ensure the quality and reliability of their travel arrangements. Currently, there are at least 109 registered travel and tour agencies in Davao City under DOT-Davao's accreditation. The DOT-Davao also provides information on the requirements for registration and renewal for travel agencies on their official website. This warning serves as a reminder for the public to be cautious and discerning when engaging with travel and tour operators to avoid falling victim to unauthorized and illegitimate services......»»

Category: newsSource:  inquirerRelated NewsJan 17th, 2024