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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......»»
Adoption of Gibo’s defense concept backed by expert
The Marcos administration’s adoption of a Comprehensive Archipelagic Defense Concept is a move in the right direction and a manifestation of its seriousness in tackling external security challenges, particularly China’s growing aggressiveness in the West Philippine Sea......»»
Marcos approves adoption of 10-year Maritime Industry Development Plan
Marcos approves adoption of 10-year Maritime Industry Development Plan.....»»
Adoption made easy
Adoption made easy.....»»
SEC strengthens push for sustainable finance
The Securities and Exchange Commission has reinforced its push for sustainable finance through the adoption of the country’s taxonomy guidelines......»»
US President Biden angrily pushes back at special report questioning his memory
US President Biden angrily pushes back at special report questioning his memory.....»»
Diokno’s back, but Bangko Sentral ‘not sure’ if Ralph Recto will sit in its powerful Monetary Board
'There’s an appointed secretary of finance but me personally, I’m not sure if the secretary of finance will sit as a member of the Monetary Board,' says BSP Deputy Governor Eduardo Bobier.....»»
News in Pictures | Fil-Ams protest trilateral meeting in DC
For the progressive groups, the trilateral summit is among the series of efforts to leverage the Philippines’ strategic geo-political location for economic and military benefit as tensions rise between the U.S. and China, “at the expense of the sovereignty of the Philippines, the economic conditions of Filipino workers, and the health of the environment.” The post News in Pictures | Fil-Ams protest trilateral meeting in DC appeared first on Bulatlat......»»
Van der Valk seeks top spot in ICTSI Caliraya golf tilt
Guido van der Valk is gearing up to leverage his strong start in the first two legs of the Philippine Golf Tour in Davao as he prepares to slug it out with the country’s top pros and rising stars and a host of foreign players in the ICTSI Caliraya Springs Championship slated April 9-12 in Cavinti, Laguna......»»
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......»»
National Home Mortgage Finance Corp nadale ng hacker
Inanunsyo ng National Home Mortgage Finance Corporation (NHMFC) sa kanilang official website ang insidente ng hacking. The post National Home Mortgage Finance Corp nadale ng hacker first appeared on Abante......»»
Rep. Ralph Recto itinalagang bagong finance secretary
MAY napili na si Pangulong Bongbong Marcos na bagong uupong hepe para sa Department of Finance (DOF). Kinumpirma ng Malacañang na ang itinalagang bagong finance secretary ay ang Deputy Speaker at Batangas Representative na si Ralph Recto. Ayon kay Presidential Communications Office Secretary Cheloy Garafil, nakatakdang manumpa sa pwesto si Rep. Ralph ngayong January 12......»»
Charter Day, Prayer Rally: Cebu City police on full alert
CEBU CITY, Philippines – The Cebu City Police Office (CCPO) is now on full alert status for the Charter Day celebration and Anti-Charter Change Prayer Rally this weekend, February 24-25, 2024. Police Lieutenant Colonel Janette Rafter, CCPO spokesperson, relayed that the full alert status has been enforced starting Friday morning, February 23. According to Rafter,.....»»
The Mayor of Virac expresses gratitude to the former Chief of Police and extends full support to the new leadership of PNP Virac
Mayor Sammy Laynes conveys his appreciation for the service rendered by outgoing Chief of Police Robert Kevin Caparosso during his tenure at the Virac Municipal Police Station for several years. Meanwhile, the mayor pledges his full support to the new leadership under OIC Chief of Police Emsol Icawat. “We also thank our outgoing chief, PMAJ […] The post The Mayor of Virac expresses gratitude to the former Chief of Police and extends full support to the new leadership of PNP Virac appeared first on Bicol Peryodiko......»»
Cebu City Council pushes to suspend civil works of CBRT’s packages 2-4
Cebu City Council pushes to suspend civil works of CBRT’s packages 2-4.....»»
Guimaras PPOC pushes for collective efforts to reduce traffic accidents
Guimaras PPOC pushes for collective efforts to reduce traffic accidents.....»»
BM Mylyn pushes for Moka Wall of Honor
BM Mylyn pushes for Moka Wall of Honor.....»»
Alcover pushes for agricultural scholarships amid student decline
Alcover pushes for agricultural scholarships amid student decline.....»»