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SEC affirms P2M fine vs NOW Corp., CEO

The case concerns the alleged misleading disclosures of NOW Corp. on the supposed P2.6 billion unpaid obligation to the Philippine government......»»

Category: newsSource:  philstarRelated NewsFeb 23rd, 2024

SSS pushed P300 million into REITs in Q4

Government-run pension funds like SSS and GSIS have significant PSE portfolios, and it is possible to track changes in these portfolios over time using the Top 100 Shareholder disclosures released quarterly by each company......»»

Category: financeSource:  philstarRelated NewsJan 24th, 2024

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......»»

Category: newsSource:  sunstarRelated NewsApr 1st, 2024

BSP: Digitizing microfinance services will boost financial inclusion

Digitizing microfinance institutions could promote further financial inclusion in the country as borrowers from the unserved and underserved segments of the population will be able to access a wider range of financial services......»»

Category: financeSource:  philstarRelated NewsMar 30th, 2024

A Quick Guide to Online Gambling and Financial Responsibility

With the rise of PAGCOR accredited online gambling platforms, many individuals are drawn to the allure of quick wins and entertainment. However, the world of online gambling will require extreme caution and financial responsibility to avoid potential pitfalls and safeguard one’s financial well-being. Understanding the Risks Online gambling can be enticing, but it comes with […].....»»

Category: newsSource:  metrocebuRelated NewsFeb 13th, 2024

Mandaue senior citizens allowance to go up by P2K

MANDAUE CITY, Philippines – Registered Mandaue senior citizens will soon receive a P2,000 increase in their yearly financial assistance. Currently, elders in Mandaue City are receiving P8,000 in financial assistance annually. With the increase, their take home incentive will go up to P10,000. Mayor Jonas Cortes on Thursday, April 18, said that this is to.....»»

Category: newsSource:  inquirerRelated NewsApr 18th, 2024

Striking drivers, operators face financial woes

For single-unit operators like Chel Mallonga, 45, the impact of the government’s Public Utility Vehicle Modernization Program (PUVMP) would be drastic. Once consolidation pushes through, single-unit operators will no longer be granted franchises. The post Striking drivers, operators face financial woes appeared first on Bulatlat......»»

Category: newsSource:  bulatlatRelated NewsApr 17th, 2024

Philippines financial sector expands by 8 percent in February

The total resources of banks and non-bank financial institutions rose by 7.9 percent to P30.87 trillion as of end-February from P28.58 trillion in the same period a year ago, based on preliminary data from the Bangko Sentral ng Pilipinas......»»

Category: financeSource:  philstarRelated NewsApr 16th, 2024

CARD MRI clinches Digital Financial Inclusion Award

CARD Mutually Reinforcing Institutions (CARD MRI) was selected as one of the five microfinance institution (MFI) winners at the 2nd Digital Financial Inclusion Awards......»»

Category: newsSource:  inquirerRelated NewsApr 8th, 2024

Unregistered entities may face more stringent AMLC sanctions

Unregistered designated non-financial businesses and professions that failed to register on time could face more stringent sanctions from the financial intelligence unit, according to the Anti-Money Laundering Council......»»

Category: financeSource:  philstarRelated NewsApr 6th, 2024

CIMB boosts financial inclusion with Lazada

Digital-only commercial bank CIMB Bank Philippines has teamed up with e-commerce platform Lazada Philippines to further advance financial inclusion and digital payments among Filipinos, targeting to onboard 500,000 borrowers within six months......»»

Category: financeSource:  philstarRelated NewsApr 5th, 2024

Skyro reports strong 2023 performance

Skyro, a fast-growing fintech provider in the Philippines, continues its commitment to transform the local financial landscape by delivering accessible and affordable digital financial solutions to Filipinos......»»

Category: newsSource:  philstarRelated NewsApr 3rd, 2024

Solo parents get P3K financial assistance

Solo parents get P3K financial assistance.....»»

Category: newsSource:  sunstarRelated NewsMar 31st, 2024

The Mystery of Post-Inflation Stability: Exploring Economic Uncertainty

Inflation, a sneaky force eating away at our financial stability, makes us wonder: what happens after its rampage? Do things settle back to normal, or are we stuck dealing with the aftermath? Inflation is simply prices creeping up over time, quietly changing our financial landscape. Think of your favorite café inching up its prices or […].....»»

Category: newsSource:  metrocebuRelated NewsMar 26th, 2024

What is the future of Philippine Financial Literacy?

What is the future of Philippine Financial Literacy?.....»»

Category: newsSource:  sunstarRelated NewsMar 24th, 2024

Bacolod Yuhum Foundation to submit audited financial report this month

Bacolod Yuhum Foundation to submit audited financial report this month.....»»

Category: newsSource:  sunstarRelated NewsMar 21st, 2024

DSWD introduces 3 schemes to distribute financial aid

LAPU-LAPU CITY, Cebu — To fast-track the distribution of financial assistance to social pension beneficiaries, the Department of Social Welfare and Development (DSWD) issued Memorandum Circular No. 17, introducing three delivery schemes. This includes cash advances of special disbursing officers (SDOs) of the agency, door-to-door delivery for beneficiaries in critical condition, and the transfer of.....»»

Category: newsSource:  inquirerRelated NewsMar 20th, 2024

Financial system resources up 9 percent in January

The total resources of the country’s financial system continued to breach the P30-trillion level, rising by almost nine percent as of end-January, preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed......»»

Category: newsSource:  philstarRelated NewsMar 15th, 2024

Bacolod to launch ‘Bayad Agad’ system for releasing of financial assistance

Bacolod to launch ‘Bayad Agad’ system for releasing of financial assistance.....»»

Category: newsSource:  sunstarRelated NewsMar 15th, 2024

BSP to banks, financial institutions: Prioritize national ID as top identification

The central bank said that institutions should “adopt enhanced measures to ensure the broad acceptance of the PhilID” whether its physical or electronic version as a valid proof of identity and age for all financial transactions. .....»»

Category: newsSource:  philstarRelated NewsMar 13th, 2024