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Lapu-Lapu road clearing: Ahong promises relocation to 53 vendors near Plaza Rizal
LAPU-LAPU CITY, Cebu – The Lapu-Lapu City Government is currently looking for an alternative vending site for approximately 53 vendors who will be displaced by a road clearing operation near Plaza Rizal in Barangay Poblacion. The planned road clearing operation was in compliance with the directive of the Department of Interior and Local Government (DILG).....»»
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......»»
Globe reports steep 73.7% decline in blocked bank-related spam, scam SMS in 2023
The telecommunications company Globe has reported a significant 73.7% decrease in the number of blocked spam and scam SMS related to banks in 2023. This reduction is a result of the interception of 21.9 million bank-related fraudulent messages, a sharp decline from the 83.39 million messages blocked the previous year. Globe attributes this achievement to its proactive strategies and strong partnerships with major banks and financial institutions in the Philippines. The company has established anti-fraud alliances with the Bankers Association of the Philippines and individual players in the finance sector, enabling the sharing of data and intelligence to prevent and investigate fraud effectively. Anton Bonifacio, Chief Information Security Officer at Globe, emphasized the company's commitment to combating financial fraud and enhancing security measures for customer protection. Globe has invested approximately US$20 million to improve its spam and scam SMS detection and blocking system and operates a 24/7 Security Operations Center to filter out unwanted messages from both international and domestic sources. Despite certain limitations, Globe remains dedicated to customer protection and emphasizes the need for a unified approach in the fight against fraud. The company is focused on leveraging technology and strengthening alliances with key stakeholders to combat fraudulent activities. As Globe continues to advance its technologies and collaborations, it aims to provide a safer and more secure digital environment for its customers. For more information about Globe and its initiatives, visit www.globe.com.ph. (SPONSORED CONTENT).....»»
Clearing operation at Bacolod Vendor’s Plaza set
Clearing operation at Bacolod Vendor’s Plaza set.....»»
MV Diamond clearing, not shipbreaking
MV Diamond clearing, not shipbreaking.....»»
Road clearing ops for March set
THE Ancillary Services Unit has scheduled dates and areas for the joint clearing of streets leading to densely populated areas in Davao City to ensure the passage of emergency or response vehicles in times of calamity or fires......»»
Road-clearing ops to ensure emergency road accessibility
THE City Government of Davao carried out a road-clearing operation on February 16, 2023, at Barangay 31-D to ensure emergency road accessibility......»»
Lapu-Lapu: 2 members of city’s clearing team fail drug test
LAPU-LAPU CITY, Cebu — Two individuals were found positive of using illegal drugs during the drug test initiated by the City of Lapu-Lapu Office of Substance Abuse Prevention (CLOSAP) on Wednesday afternoon, January 24, 2024. Twenty six personnel from the City’s Clearing Team underwent the drug test, after Lapu-Lapu City Mayor Junard “Ahong” Chan called.....»»
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.....»»
ADB approves 655,000 USD to help Philippine rural banks digitization
MANILA, Feb. 19 (Xinhua) -- The Asian Development Bank (ADB) on Monday said it will provide grants totaling 655,000 U.S. dollars for the digitization of nine rural banks and a bank consortium in the Philippines. The grants are part of ADB's Fintech for Inclusion Transformation (FIT) program. The grant awardees were chosen from among rural banks nationwide serving women, farmers, fisherfolk, and micro, sma.....»»
ADB approves 655,000 USD to help Philippine rural banks digitization
MANILA, Feb. 19 (Xinhua) -- The Asian Development Bank (ADB) on Monday said it will provide grants totaling 655,000 U.S. dollars for the digitization of nine rural banks and a bank consortium in the Philippines. The grants are part of ADB's Fintech for Inclusion Transformation (FIT) program. The grant awardees were chosen from among rural banks nationwide serving women, farmers, fisherfolk, and micro, sma.....»»
45 PUPCs of Opao police station undergo medical check-up
MANDAUE CITY, Cebu – Around 45 persons under police custody (PUPCs) of Opao Police Station in Mandaue City underwent a medical check-up on Wednesday, Feb. 28. The City Health Office (MCHO) led the medical check-up to determine the physical health of the PUPCs. They were also provided with medicines and vitamins. MCHO Kadagatan Cluster Head.....»»
More groups to establish Islamic banks in Philippines
More groups are looking at establishing Islamic banks in the Philippines as the first branch of the new banking classification is expected to open soon, according to the Bangko Sentral ng Pilipinas......»»
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......»»
Kaspersky Suggests to Add Sorting Your Digital Clutter to Your New Year’s Resolutions
This new year, you could have resolved to quit a vice, learn something new, manage your finances better, and maybe check a couple off your bucket list of places to visit. Cybersecurity company Kaspersky suggests adding another practical and smart resolution to your 2024 list: to protect your precious data by clearing your digital clutter! […].....»»
The Municipality of Baras and one Barangay in Caramoran Declared Drug-Cleared
In the deliberation conducted by the Regional Oversight Committee on Barangay Drug Clearing (ROCBDC) at nine o’clock in the morning on the 19th of January, the Municipality of Baras was officially declared a “Drug-Cleared Municipality,” while Barangay Baybay in the Municipality of Caramoran was declared a Drug-Cleared Barangay. The activity was led by Dir III […] The post The Municipality of Baras and one Barangay in Caramoran Declared Drug-Cleared appeared first on Bicol Peryodiko......»»
Check if your jeepney, UV Express route will still exist by February 1
There are 395 jeepney and 108 UV Express routes that could be wiped out in Metro Manila by February 1. Check this database to see if your route is one of them......»»
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......»»
Fitch keeps credit rating of 5 Philippine banks
Fitch Ratings has affirmed the credit rating of five of the country’s biggest banks and kept its stable outlook, on the back of a likely robust economic growth over the next two years......»»