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Canlaon City bags top Sinulog de Cebu festival awards
Canlaon City bags top Sinulog de Cebu festival awards.....»»
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......»»
SM Group bags 20 Quill awards
The SM Group, led by SM Investments Corp., with BDO Unibank, SM Foundation and SM Supermalls, won 20 awards for excellence in communications at the prestigious 20th Philippine Quill Awards. SM Foundation was also hailed as 2nd runner up for Company of the Year......»»
DBM releases P900 million crop insurance funding
To cover the crop insurance premium of subsistence farmers and fisherfolk in the country, the Department of Budget and Management has released P4.5 billion and its corresponding Notice of Cash Allocation for the 1st Quarter of the year in the amount of P900 million to the Philippine Crop Insurance Corp......»»
Insurance commission OKs doubling of vehicular accident indemnity claims
The Insurance Commission has doubled the indemnity claims for vehicular accident victims as part of government efforts to improve overall insurance coverage in the country......»»
Clark Aurora Festival partners with FWD to provide insurance to attendees
Aurora Music Festival Clark 2024 announced that FWD Life Insurance as its official partner providing insurance to its attendees......»»
PDIC settles P614 million in deposit insurance claims
State-run Philippine Deposit Insurance Corp. has settled P614 million in deposit insurance covering 15,796 accounts from padlock banks in 2023......»»
GSIS non-life insurance premiums hit record high P9.8 billion in 2023
State-run pension fund Government Service Insurance System saw its collection of non-life insurance premiums rise to an all-time high of P9.8 billion in 2023......»»
Why Insurance is Gonna be a Lifesaver for You
Ever stopped to think about how you’d handle life’s unexpected twists – health scares, accidents, or sudden home hassles? Well, that’s where insurance swoops in – your trusty sidekick for keeping your money secure. 1. Financial Safety Blanket Life can throw curveballs, right? Well, insurance is like wrapping yourself in a snug blanket. It’s there […].....»»
ERC OKs limited use of LNG for Meralco, FGEN
The Energy Regulatory Commission has allowed First Gas Power Corp. and FPG Corp. to use liquefied natural gas as an alternative fuel supply source for the Sta. Rita and San Lorenzo gas plants “in the case of the occurrence of a fuel supply force majeure event.”.....»»
Mang Inasal wins big at 20th Philippines Quill Awards
Mang Inasal wins big at 20th Philippines Quill Awards.....»»
Aloguinsan nabs back-to-back wins in Cabaron hoops
Aloguinsan nabs back-to-back wins in Cabaron hoops.....»»
SB Finance bags Asian Management Excellence Awards 2024
SB Finance has been recognized by the Asian Management Excellence Awards 2024 with the citation “Philippines - Team of the Year - Financial Services” during the awarding ceremony held recently in Bangkok, Thailand......»»
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......»»
Acido bags NCAA Jrs. MVP plum
Perpetual Junior Altas gained their share of individual awards in the National Collegiate Athletic Association Season 99 Juniors Basketball awards ceremony Wednesday at the FilOil EcoOil Center in San Juan City......»»
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......»»
SunStar Davao bags 2 PPI awards
SUNSTAR Davao bagged two awards from the 2023 Civic Journalism Community Press Awards of the Philippine Press Institute (PPI) on Thursday, April 25, 2024, at the Century Park Hotel in Manila on April 25, 2024......»»
DSWD: Giving cash more practical than bags of rice
The Department of Social Welfare and Development stands by its position that it is “more practical and efficient” to give the P600/month rice subsidy to beneficiaries of the Pantawid Pamilyang Pilipino Program in cash rather than actual bags of rice......»»
South Cotabato, Sultan Kudarat, Maguindanao Sur stakeholders ink pledge to protect Marbel Buluan Watershed
KORONADAL CITY (MindaNews / 6 March)– After seven years, various stakeholders from the public and private sectors formalized their commitment Wednesday for the protection and preservation of the Marbel Buluan Watershed, a vital biodiversity area spanning 121,000 hectares in the provinces of South Cotabato, Sultan Kudarat and Maguindanao del Sur. Catholic Church leaders expressed their […].....»»