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Davao Light pushes for paperless billing
The Davao Light and Power Co., Inc. (Davao Light) is advocating for paperless billing, citing its positive impact on the environment. Fermin Edillon, the head of the Reputation Enhancement Department at Davao Light, emphasized the company's large customer base and the significant paper consumption associated with traditional billing. He highlighted the environmental benefits of opting for paperless bills, urging Dabawenyos to consider this eco-friendly alternative. Despite the availability of paperless billing options, Edillon acknowledged that some still prefer traditional paper bills. However, Davao Light has enhanced its paperless bill services, offering options such as the MobileAP app for internet users and the Ebill text option for those without internet access. While promoting paperless billing, Edillon clarified that traditional paper bills will still be available. Residents expressed support for paperless billing, citing its convenience, but also emphasized the need for considerations, especially for those less proficient with technology. The push for paperless billing aligns with efforts to reduce environmental impact and enhance customer convenience......»»
The Importance of Still Keeping Loose Change
In the Philippines, the convenience of digital payments is quickly becoming the norm. There are now fewer lines to the ATMs every payday, people are now using their phones more for payments, and digital banks are becoming more prevalent. Amidst the digital transformation the country is undergoing, we often hear “I don’t have cash” from […].....»»
BSP hits 50 percent target in digitized payments
The Bangko Sentral ng Pilipinas managed to hit its goal of shifting half of total retail payments to digital channels in 2023, with more small businesses likely to onboard moving forward......»»
SEC-Davao advises timely submission of requirements for amnesty payments
The Securities and Exchange Commission (SEC) Davao Extension Office is reminding corporations who have participated in the amnesty program to ensure timely submission of required documents by January 31. Failure to comply will result in forfeiture of payments and incurring additional penalties as outlined in SEC Memorandum Circular No. 20, series of 2023. Non-compliant corporations must submit their latest General Information Sheet (GIS) and Annual Financial Statement (AFS) through the SEC Electronic Filing and Submission Tool (eFAST). Meanwhile, suspended or revoked corporations should submit their petitions along with necessary documents to the Extension Office via email at secdavao@gmail.com. For more information, applicant-corporations can contact SEC Davao Extension Office at 0932-973-8791. It is important to note that the Commission is planning to implement a substantial increase in basic penalties for late and non-filing of reports post-amnesty period, with penalties potentially increasing by up to 1,900 percent......»»
The Wellness Hub at Maayo, your one-stop shop for healthcare in Cebu IT Park
The Wellness Hub at Maayo officially opens to the public, affirming its mission to provide the people in Cebu with quality and convenient healthcare during a ribbon cutting ceremony on February, 28, 2024, at the ground floor of the i2 Building, IT Park, Cebu City. Maayo Health Group executives led the ceremony, including Medical Director.....»»
Visayan Electric calls on more biz customers to enroll in ILP
To lessen the impact of possible power shortages in the Visayas Grid on Visayan Electric customers, the electric utility is calling for more of its commercial and industrial customers to enroll in the Interruptible Load Program (ILP). ILP is a voluntary, demand-side management program where business customers of a distribution utility with loads of at.....»»
Further improvement in Philippines external position seen
The Bangko Sentral ng Pilipinas (BSP) sees a further improvement in the country’s external payments position this year due to a likely higher balance of payments (BOP) surplus and a narrower current account (CA) deficit......»»
SSS releases P257 billion in benefit payments
State-run pension fund Social Security System released P257.4 billion in benefit payments to 4.7 million members last year......»»
Philippines posts 740 mln USD deficit in January
MANILA, Feb. 20 (Xinhua) -- The Philippines' overall balance of payments (BOP) posted a 740 million U.S. dollars deficit in January 2024, a reversal from the 3.1 billion dollars BOP surplus recorded a year ago, the country's central bank has said. The Bangko Sentral ng Pilipinas (BSP) said on Monday that the BOP deficit in January reflected outflows arising mainly from the national government's payments of its f.....»»
Philippines posts 740 mln USD deficit in January
MANILA, Feb. 20 (Xinhua) -- The Philippines' overall balance of payments (BOP) posted a 740 million U.S. dollars deficit in January 2024, a reversal from the 3.1 billion dollars BOP surplus recorded a year ago, the country's central bank has said. The Bangko Sentral ng Pilipinas (BSP) said on Monday that the BOP deficit in January reflected outflows arising mainly from the national government's payments of its f.....»»
PDIC now accepts digital payments through Land Bank of the Philippines’ Link.BizPortal facility
PDIC now accepts digital payments through Land Bank of the Philippines’ Link.BizPortal facility.....»»
Navigating Challenges in B2B Cross-Border Payments
Cross-border payments are vital to B2B operations, enabling businesses to extend their reach globally. While these transactions offer opportunities for international trade, they also present.....»»
BTI Payments partners with Southstar Drug to expand Philippines footprint
BTI Payments Philippines Inc., a wholly owned subsidiary of Australia’s Banktech, has partnered with Southstar Drug to further expand its footprint in the Philippines......»»
Approval of anti-online piracy bills sought
A citizens’ rights group has renewed its calls for the Senate to expedite the passage of anti-online piracy bills, saying that each day of delay translates into significant tangible and intangible losses for the creatives industry while scammers get richer with each victim......»»
Senate hearing on bills vs online piracy slated next week
The Senate Trade and Industry Committee will tackle on April 23 two bills on amending the Intellectual Property Code of the Philippines to enable online site blocking and safeguard intellectual property rights......»»
Mandaue Councilor to MCWD: Allow consumers to pay water bills on staggered basis
MANDAUE CITY, Cebu – A Mandaue City Councilor is urging the Metropolitan Cebu Water District (MCWD) to allow city residents to pay on a staggered basis their bills for the months of March and April. Councilor Jennifer Del Mar, chairperson of the committee on Disaster Risk Reduction Management, said that doing so would lighten the.....»»
DOST seeks Mindanaoans’ support for priority S& T bills
THE Department of Science and Technology (DOST), in a consultative forum, recently sought support from the scientific and legislative communities in Mindanao for the passage of five priority scientific bills......»»
Senate to prioritize LEDAC bills, not Cha-cha
The Senate would rather prioritize bills listed in the Legislative-Executive Development Advisory Council than rush the passage of the proposed measure to amend the 1987 Constitution – at least based on the chamber’s agenda and schedule for the last week of session.....»»
Panagbenga merchants warned vs circulation of fake P1K bills
Counterfeit P1,000 bills might be circulating around the Baguio Flower Festival’s (Panagbenga) famous promenade area “Session Road in Bloom”......»»
SC affirms conviction of man caught with fake bills
The Supreme Court has upheld the conviction of a man arrested for possession and use of counterfeit Philippine peso bills......»»