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Earth Hour electricity savings reached 132.11 megawatts – DOE
Electricity savings from last Saturday’s Earth Hour increased by 110.73 percent to 132.11 megawatts from last year’s savings of 62.69 MW, according to the Department of Energy......»»
Enjoy big savings in S& R’s Members’ Fest
As March unfolds, S&R Membership Shopping invites shoppers to take part in their month-long extravaganza of savings with their Members’ Fest. Get ready to shop till you drop as S&R offers exclusive deals like big savings discounts and Buy 1 Take 1 offers. Whether you’re looking to restock your pantry with essentials or simply treat.....»»
Metrobank Makes Achieving Your Home Goals Easier With Its Free Appraisal Fee Promo!
This February, Metrobank is again making it easier for Filipinos to achieve their dream home as it brings back its free appraisal fee promo – giving clients up to PHP 5,500 in savings on their home loan. From February 1 to March 29, 2024, qualified clients who will submit a complete home loan application to […].....»»
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......»»
ACEN secures certification for WESM trading standards
ACEN, the Ayala Group’s listed energy platform, has received full compliance certification from Australian advisory firm Intelligent Energy System – the first among Philippine firms – for its adherence to the standards of the Wholesale Electricity Spot Market......»»
Public servants’ code of conduct, ethical standards
The Center for Global Best Practices will hold a special online training titled Code of Conduct and Ethical Standards for Public Officials and Employees to be held on Feb. 23 from 1:30 to 4:45 p.m. via Zoom......»»
Philippines urged to tighten emission standards to protect public health
The government should tighten “outdated” emission standards for sources of air pollution, including coal-fired power plants, to safeguard public health and the environment, a group said on Tuesday......»»
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 […].....»»
SSS savings scheme hits P80 billion
The savings scheme of state-run pension fund Social Security System has collected P80 billion from six million members who are looking for additional investment channels......»»
Reviving Your Savings After a Vacation
The rejuvenating power that a vacation brings can be quickly overshadowed by the reality of depleted savings and budgetary constraints. As the dust settles from your joyous escapades, it’s easy to slip into a mindset of austerity, contemplating drastic changes to your financial habits. However, before you start stringent belt-tightening, it’s important to have a […].....»»
Earn the highest interest rate on your savings up to 15% p.a. with CIMB summer promo
Until March 31, you can earn up to 15% per annum (p.a.) interest on your savings with CIMB’s Sunk15sed Promo......»»
Pag-IBIG members urged: Avail of housing, savings loans
Pag-IBIG members urged: Avail of housing, savings loans.....»»
Sun Savings Bank: Where growth is not just a goal, but a culture
Sun Savings Bank: Where growth is not just a goal, but a culture.....»»
BSP tightens crackdown vs money counterfeiters
The Bangko Sentral ng Pilipinas has intensified its anti-counterfeiting operations, leading to the confiscation of more than P35 million worth of fake banknotes since 2010......»»
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......»»
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......»»
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 […].....»»
Pag-IBIG members to get more benefits
Filipinos are expected to enjoy double savings and higher cash loan entitlements while having access to affordable home loans, according to the Home Development Mutual Fund or Pag-IBIG Fund......»»
Proposed EU Forced Labor Regulation Should Focus on Workers
European Union governments meeting today in Brussels to discuss a proposed ban on products linked to forced labor, should allow forced labor victims in companies' supply chains to receive remediation. Companies and business associations have called for remediation to be included in the draft.....»»
Solar Philippines, Indonesian partner secure $14 million loan for solar farm
Solar Philippines and its Indonesian partner have secured a $14-million bank loan for the development of a 25-megawatt solar farm in Kubu District, Karangasem Regency, East Bali......»»