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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 […].....»»
Consumer sentiment in PH improves slightly in Q1 2024
Consumer sentiment in PH improves slightly in Q1 2024.....»»
Consumer sentiment in Philippines improves slightly in Q1 2024
Consumer sentiment in Philippines improves slightly in Q1 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......»»
Cebu City’s 87th Charter Day: A celebration of hope and optimism
CEBU CITY, Philippines – Cebu City Mayor Michael Rama led the city’s 87th Charter Day celebration on Saturday with the “hope and optimism” of a brighter future ahead. In his Charter Day message, Rama said that as the city continues to grow and evolve, the celebration should serve as a reminder of the its journey.....»»
PBBM dinidiktahan ng partido, first lady – survey
Sa survey ng PUBLiCUS Asia Inc., umaabot sa 20% hanggang 25% ng mga respondent ang naniniwalang dinidiktahan ng kanyang partido at ni First Lady Liza Araneta-Marcos ang desisyon ni Pangulong Bongbong Marcos. The post PBBM dinidiktahan ng partido, first lady – survey first appeared on Abante......»»
Pulse Asia survey sa Cha-cha pinalagan ng mga congressman
Kinondena ng mga kongresista ang survey ng Pulse Asia kaugnay ng panukalang amyendahan ang Konstitusyon dahil sa mga tanong umano na ang direksyon ay upang tutulan ng publiko ang panukalang reporma. The post Pulse Asia survey sa Cha-cha pinalagan ng mga congressman first appeared on Abante......»»
Pulse Asia stands by survey results
Pulse Asia’s president stood by the public opinion polling firm’s latest survey, which showed that 88 percent of Filipinos are against changing the country’s Constitution, after members of the House of Representatives cast doubt on the methods used to obtain answers for the survey......»»
2 `bata’ ni Martin Romualdez pumalag sa Cha-cha survey
Kinuwestiyon ng dalawang mambabatas ang resulta ng survey na ginawa ng Pulse Asia kaugnay sa Charter change (Cha-cha) kung saan lumabas na mayorya ng mga Pilipino ang hindi pabor na amiyendahan ang 1987 Constitution. The post 2 `bata’ ni Martin Romualdez pumalag sa Cha-cha survey first appeared on Abante......»»
Indian banking sector continues to improve with better asset quality, high credit growth: Survey
New Delhi [India], March 21 (ANI): The health of the Indian banking sector continues to improve with better asset quality and high credit growth, a survey conducted by industry body FICCI and banking association Indian Banks' Association (IBA) showed. The eighteenth round of the survey was carried out for the period July to December 2023. Those banks that were surveyed together represent about 77 per cent of the banking i.....»»
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.....»»
DSWD’s 4Ps gets 60% satisfaction rating in Pulse Asia Survey
The Department of Social Welfare and Development (DSWD) on Tuesday (January 23) welcomed the result of the Ulat ng Bayan survey indicating that 62 percent of the 1,200 respondents were satisfied with the implementation of the Pantawid Pamilyang Pilipino Program (4Ps). The survey, which was conducted from Dec. 3 to 7, 2023 by Pulse Asia […].....»»
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 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......»»
Eight Tips for Choosing a Domain Name for Your Small Business
Choosing a domain name for a small business requires careful consideration, as it is often the first thing people see about your business. The domain name of a business is often considered a piece of real estate on the internet, or your business home on the web. It is core to the digital presence of […].....»»
Business confidence improves in Q2 – BSP
Companies in the Philippines have a more bullish outlook for the second quarter and the next 12 months amid expectations of higher consumer demand, uptick in business activities as well as easing inflation......»»
More Pinoys hopeful for better economy, quality of life
Although still less than a majority, optimism for a better economy and personal quality of life have both increased at the end of 2023, according to a survey conducted by the OCTA Research group......»»
Finally, a complete 7-member Monetary Board
Last Friday, Jan. 26, marked a turning point for Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona, with him finally comfortably hosting this year’s annual reception for the banking community outdoors at the BSP compound’s historic Fort San Antonio Abad on a cool early evening, with a relaxed business casual suit but no tie dress code, and finally with a complete seven-member Monetary Board......»»
The Art of Time Management for Small Business Owners
Time is a small business owner’s most valuable resource as for many, time is their best capital. With countless tasks to juggle and limited hours in the day, mastering the art of time management is essential for maximizing productivity and achieving business success. So how can small business owners effectively prioritize their time and tasks […].....»»
Biz Bureau surpasses 43-K permit renewals
The Davao City Business Bureau has achieved a significant milestone by processing over 43,000 business permit renewals as of January 29, 2024, surpassing last year's numbers. Maribel Paguican, the Head of the Business Bureau, revealed this accomplishment in a radio interview on January 30, 2024. She highlighted the bureau's performance, stating that they had already exceeded the previous year's figures by 270 renewals. Despite the positive outcome, Paguican acknowledged that they are still short of reaching the 46,000 permits issued the previous year. With approximately 2,890 renewals remaining, including 291 applicants considering retirement, the bureau anticipates around 2,599 renewal applicants. Paguican emphasized the upcoming retirement deadline on January 31, urging business owners to comply to avoid penalties ranging from P1,000 to P5,000. She also advised on the required documentation for retirement, emphasizing the importance of submitting the necessary paperwork to facilitate the process......»»