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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......»»
Turkey conducts airstrikes in Iraq and Syria, demolishing bunkers, shelters, and oil facilities
Title: Turkey Launches Airstrikes in Iraq and Syria in Response to Attack on Military Base Date: [Insert Date] Byline: [Your Name] (Word count: 376) ISTANBUL.....»»
BSP logs 40K complaints relating to financial consumer protection; only 5% come from Mindanao
SINCE the effectivity of the Financial Consumer Protection Act (Republic Act 11765) in June 2022, the Bangko Sentral ng Pilipinas (BSP) has logged more than 40,000 complaints from customers of different BSP-supervised financial institutions from all over the Philippines. Of this number, only around 5 percent come from Mindanao, implying the Mindanaoans' unawareness of the law......»»
Tartaria farmers defend their land, resist entry of armed goons
At least 60 armed personnel have been reportedly building fences in the farmlands of barangay Tartaria, Silang, Cavite since April 16, prompting farmers to defend their community. The post Tartaria farmers defend their land, resist entry of armed goons appeared first on Bulatlat......»»
Journalists harassed, threatened by armed men while covering demolition
At least 12 men, all with guns and wearing bonnets, forced their way inside the gates during the demolition. One of the men pointed a gun at Rowena “Weng” Quejada and told her to stop taking videos. The armed men proceeded to forcibly take her cellphone and bag, including all her IDs and her wallet which contained cash. The post Journalists harassed, threatened by armed men while covering demolition appeared first on Bulatlat......»»
Charter change could mean more US troops in the PHL – Fil-Am activists
By JANESS ANN J. ELLAOBulatlat.com NEW YORK — Filipino-American activists here denounced ongoing attempts to change the Philippine Constitution as this may result in increased US military presence in the Philippines and worsen the geopolitical tension in the West Philippine Sea. In an interview with Bulatlat, Michelle Thiele of Gabriela-New York stressed that for US… The post Charter change could mean more US troops in the PHL – Fil-Am activists appeared first on Bulatlat......»»
DLSU is top PHL private university in global rankings Mirror
DLSU is top PHL private university in global rankings BusinessMirror.....»»
PHL team sulod sa finals sa Dubai basketball
PHL team sulod sa finals sa Dubai basketball.....»»
PHL gross gaming revenues breach P200B in 2 straight years
PHL gross gaming revenues breach P200B in 2 straight years.....»»
BSP Governor Eyes Potential Rate Cut as Inflation Eases
In a recent interview, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. hinted at a potential rate cut later this year, signaling optimism amid the nation’s economic landscape. While cautious about the first semester, Remolona remains watchful, stating that the move could come “within the year.” The BSP, responding to escalating inflation, had hiked […].....»»
BSP governor says February rate cut not likely
In statements made to the press, BSP Governor Eli Remolona said that due to the “numbers we are seeing” a rate cut “is not likely (on) February 15”, which is the next scheduled meeting date for the BSP’s Monetary Board......»»
Salt Substitutes Lower Risk of High Blood Pressure by 40% – The Daily Guardian
New Study Finds Salt Substitutes Can Lower the Risk of High Blood Pressure Excessive salt consumption has long been recognized as a major risk factor.....»»
Cebu’s Buytrago suits up for PHL in AVC beach v’ball tour
CEBU CITY, Philippines — Cebu will be well-represented in the upcoming international beach volleyball tilt billed as the Smart Asian Volleyball Confederation (AVC) Beach Tour Nuvali Open on April 4-7. Cebuano veteran beach volleyball player James Buytrago will play for the men’s team under the Philippine National Volleyball Federation (PNVF). This will be Buytrago’s first.....»»
USD3.32-B Loan Approved by BSP
On Monday, the Bangko Sentral ng Pilipinas (BSP) announced that the Monetary Board approved USD 3.32 billion in medium-to-long-term (MLT) foreign borrowings for Q4 2023. From October to December 2023, the public sector’s foreign borrowings rose by 65.8%, reaching USD3.32 billion, up from USD2 billion in the same period in 2022. This brought the total […].....»»
Admin critics urged: Spare armed services from politics amid withdrawal calls for Marcos
National Security Adviser Eduardo Año called on administration detractors to keep the armed services out of political maneuvering after a lawmaker urged the military to withdraw its support for President Ferdinand Marcos Jr......»»
Quiboloy not ‘armed and dangerous’ even with 19 guns – PNP
MANILA, Philippines — Kingdom of Jesus Christ (KJC) founder Apollo Quiboloy, who has an arrest warrant for sexual abuse, is not considered “armed and dangerous” even though he has 19 assorted firearms, the spokesman of the Philippine National Police (PNP), Col. Jean Fajardo said, in a press conference on Monday. Fajardo explained that under the.....»»
Police arrest armed man in Lapu
Police arrest armed man in Lapu.....»»
US warns China against armed attack on Philippines
Washington, DC [US], March 19 (ANI): US Secretary of State Antony Blinken warned China on Tuesday, stating that any "armed" attack on Philippine vessels in the South China Sea would activate a mutual self-defence agreement between Washington and Manila, underscoring the escalating tensions in the region that could potentially embroil the United States in conflict with Beijing, as reported by The New York Times. Despite th.....»»
DSWD tackles peace initiatives with AFP
MANILA, Philippines — The Department of Social Welfare and Development (DSWD) revealed that they have discussed cooperation and peace initiatives with the Armed Forces of the Philippines (AFP). DSWD Assistant Secretary Arnel Garcia said the meeting on Monday was to discuss the program that will cover members of non-state armed groups and victims of terrorism. “We have.....»»
Gilas in tough bracket for FIBA U17
The battlefield – and the stacked opposition on the way – is set for the Gilas Pilipinas youth in its anticipated return to the FIBA U17 World Cup in Turkey on June 29 to July 7......»»