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Marcos to BCDA: Ensure timely completion of airport access road
Marcos to BCDA: Ensure timely completion of airport access road.....»»
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......»»
Mixed adjustments in oil prices today
Local oil firms made mixed adjustments in petroleum prices today, with the prices of diesel and kerosene rolled back while that of gasoline increased.?.....»»
Fuel price adjustments forecast after Holy Week
Fuel price adjustments forecast after Holy Week.....»»
Mixed adjustments in pump prices expected during first week of April
Oil companies are anticipated to introduce mixed adjustments in pump prices during the first week of April......»»
Mixed adjustments in oil prices set before Holy Week
Oil firms will implement mixed adjustments in oil prices on Tuesday, ahead of Holy Week. .....»»
Mixed adjustments on fuel today
Separate advisories from oil companies announced mixed price adjustments on fuel products effective today......»»
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 […].....»»
Lagged impact of high rates to take toll on economy – BSP
The lagged effects of monetary policy adjustments last year will continue to take its toll on the economy, with growth likely to fall below government targets anew......»»
NMP nabs 'Outstanding e-NGAs User Entity Award'
NMP's remarkable use of the Electronic New Government Accounting System (e-NGAs) received recognition for its commitment to transparency and the timely submission of financial statements and other reports for FY 2022, as mandated by the Commission on Audit (COA)......»»
When it comes to access to medicines, no one should be left behind
For millions of people around the world, the full enjoyment of the right to health remains an elusive goal, partly because medical care — in the event of sickness, prevention and treatment — depends largely on timely and appropriate access to quality medicines......»»
UST gets timely boost from role player Gula in hard-fought win vs UE
The UST Golden Tigresses needed to dig deep to overcome a grittier, upset-seeking UE Lady Warriors squad in just their second game of UAAP Season 86 at the Smart Araneta Coliseum on Wednesday......»»
ULAP Leads Insightful Webinar on Enhancing Marine Resources and Maritime Spaces in the Philippines
The Union of Local Authorities of the Philippines (ULAP), in partnership with The Asia Foundation and Waypoints, successfully hosted a timely webinar entitled “Advancing the Interest of an Archipelagic Nation: The Role of Local Government in Enhancing the Country’s Marine Resources and Maritime Spaces” last January 22. The webinar featured distinguished panelists shedding light on […].....»»
Climate talk: Marcos s contradictory policies on reclamation, energy, mining
AS ALL eyes are on the COP28 conference in Dubai, reports in the country continue to highlight climate change and environmental concerns; in the process exposing the Marcos administration's policy directions on climate issues as inconsistent, even contradictory.Timely reports on reclamation, energy, and mining flag the problems that persist. Media coverage reveal that the Marcos administration's policy direction.....»»
Climate talk: Marcos s contradictory policies on reclamation, energy, mining
AS ALL eyes are on the COP28 conference in Dubai, reports in the country continue to highlight climate change and environmental concerns; in the process exposing the Marcos administration's policy directions on climate issues as inconsistent, even contradictory.Timely reports on reclamation, energy, and mining flag the problems that persist. Media coverage reveal that the Marcos administration's policy direction.....»»
BSP issues guidelines for payment systems
The Bangko Sentral ng Pilipinas (BSP) has released its first Manual of Regulations for Payment Systems (MORPS), a formal compilation of all payment system regulations approved by the Monetary Board as of end-December 2023......»»
Trial court convicts officers of Cooperative Bank of Benguet Inc. for BSP violations
Trial court convicts officers of Cooperative Bank of Benguet Inc. for BSP violations.....»»
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......»»