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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......»»
CCAP: Current credit card rate cap sufficient
The Credit Card Association of the Philippines said it fully supports the assessment process of the Bangko Sentral ng Pilipinas in adjusting or keeping the cap on credit card charges, adding that the current ceiling is sufficient......»»
Security Bank, Epson partner for financing
Security Bank Corp. has partnered with Epson Philippines Corp. for a special financing program for Epson’s distributors and dealers to help them fulfill big-ticket orders which usually tighten liquidity......»»
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 […].....»»
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......»»
Pork sumirit presyo sa P400 per kilo – Agri exec
Binabantayan ngayon ng Department of Agriculture (DA) ang pagtaas ng presyo ng karneng baboy sa mga palengke kung saan may umaabot na umano sa P400 per kilo. The post Pork sumirit presyo sa P400 per kilo – Agri exec first appeared on Abante......»»
Esmi ng ex-gov’t exec inalila mall staff
Mistulang ginawang kasambahay ng asawa ng dating government official ang isang staff ng department store nang mag-shopping ito ng kanyang mga gamit. The post Esmi ng ex-gov’t exec inalila mall staff first appeared on Abante......»»
Respect solemnity of Maleldo -- CSF exec
Respect solemnity of Maleldo -- CSF exec.....»»
DepEd exec urges teachers: Avoid corporal punishment
DepEd exec urges teachers: Avoid corporal punishment.....»»
Teen pregnancy rise alarms Popcom 7 exec
Teen pregnancy rise alarms Popcom 7 exec.....»»
BSP sees room for further rate hike
After discounting the possibility of a rate cut in the first half of the year, the Bangko Sentral ng Pilipinas (BSP) believes there is still room to raise interest rates amid the country’s robust economic growth......»»
AFP exec’s promotion bypassed after wife’s physical abuse accusation
An aspiring Armed Forces of the Philippines brigadier general accused of domestic abuse by his wife was bypassed by the Commission on Appointments yesterday.....»»
55% in SEA ready for domestic travel for safe, budget-friendly destinations
55% in SEA ready for domestic travel for safe, budget-friendly destinations.....»»
They treated me like an animal- how Filipino domestic workers become trapped podcast
Migrants from the Philippines make up a huge percentage of domestic workers around the world. But when their employers are abusive, visa restrictions force them to choose between enduring more suffering or becoming illegal. By Margaret Simons Continue reading........»»
EDITORIAL - Victims of domestic violence
On National Women’s Month, advocates of women’s welfare are glad that a general in the Armed Forces of the Philippines is seeing his career derailed by accusations of domestic violence hurled by his estranged wife......»»
Bunye: Expectation of strong domestic bond market in 2024
Bunye: Expectation of strong domestic bond market in 2024.....»»
Domestic trade expected to improve this year
Domestic trade is seen improving this year on expectations of strong economic activity and continued slowdown in inflation, according to economists......»»
Domestic workers in 13 regions get pay hike
Domestic workers in 13 regions have received an increase in their salary, according to the Department of Labor and Employment......»»
Calabarzon domestic workers to get pay hike
Domestic workers in Calabarzon will get an increase in their monthly salary......»»