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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......»»
Philippine UPR Watch refutes PH envoy’s claims in UNHRC
“Things are no better under the Ferdinand Marcos Jr. government.” The post Philippine UPR Watch refutes PH envoy’s claims in UNHRC appeared first on Bulatlat......»»
Marcos greets Brazilian envoy in Portuguese
President Marcos showed that he can speak some Portuguese during the presentation of credentials of the new envoy of Brazil although he admitted that he is now “rusty” with the language......»»
BPI AIA named best life insurer in Philippines
BPI AIA Life Assurance Corp. has been recognized as the best life insurance company in the Philippines......»»
Jose Javier Reyes named new FDCP chairman
Veteran director Jose Javier Reyes was designated as the new chairman of Film Development Council of the Philippines (FDCP), replacing Tirso Cruz III......»»
Jose Javier Reyes named new FDCP chairman
Veteran director Jose Javier Reyes was designated as the new chairman of Film Development Council of the Philippines (FDCP), replacing Tirso Cruz III......»»
Philippines lodges strong protest with China over water cannon attack in disputed South China Sea
Manila [Philippines], March 25 (ANI): In the wake of accusation by the Philippines that the Chinese Coast Guard wounded three of its soldiers during a water cannon attack in the disputed South China Sea, Manila on Monday summoned Beijing's envoy to lodge its strong protest, Al Jazeera reported. The Philippines Department of Foreign Affairs, in a statement said that Manila conveyed its "strong protest against the aggressiv.....»»
Philippines lodges strong protest with China over water cannon attack in disputed South China Sea
Manila [Philippines], March 25 (ANI): In the wake of accusation by the Philippines that the Chinese Coast Guard wounded three of its soldiers during a water cannon attack in the disputed South China Sea, Manila on Monday summoned Beijing's envoy to lodge its strong protest, Al Jazeera reported. The Philippines Department of Foreign Affairs, in a statement said that Manila conveyed its "strong protest against the aggressiv.....»»
Cebu Daily Newscast: Barangay Councilor, SK chairman caught inside motel in Lapu-Lapu, detained, freed
Listen to Cebu Daily Newscast and get the latest stories in and around Cebu. Here’s what you need to know on Wednesday, April 3, 2024. Barangay Councilor, SK chairman caught inside motel in Lapu-Lapu, detained, freed A barangay councilor and Sangguniang Kabataan (SK) chairman of a northern Cebu town were apprehended inside a motel room.....»»
Basic Energy’s chairman steps down due to health concerns
Basic Energy disclosed that its chairman, Ramon Villavicencio, will step down as chairman and vacate his position as a board member effective March 31 due to personal health concerns......»»
Basic Energy’s chairman steps down due to health concerns
Basic Energy disclosed that its chairman, Ramon Villavicencio, will step down as chairman and vacate his position as a board member effective March 31 due to personal health concerns......»»
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......»»
VP Sara ready to face ICC charges only before a Filipino court
Vice President Sara Duterte expressed her readiness to confront any allegations against her but insisted that she would only do so in front of a Filipino judge and within the jurisdiction of a Filipino court. In a statement on her Facebook page, she emphasized her refusal to participate in any process that could tarnish the reputation and integrity of the Philippine judiciary system. Duterte adamantly opposed the involvement of foreign entities in the country's legal affairs, citing it as a dishonor to the sacrifices made by Filipino heroes for the nation's freedom. Duterte, who previously served as vice mayor and mayor of Davao City, vehemently denied any involvement in the Davao Death Squad during her terms in office. She expressed dismay over the sudden appearance of a witness against her in the International Criminal Court (ICC) after assuming the vice presidency. Duterte dismissed the accusations and questioned the motives behind the allegations, asserting her capability to accomplish tasks without resorting to unlawful means. In a related development, President Ferdinand Marcos Jr. voiced his refusal to acknowledge the ICC's jurisdiction in the Philippines, considering it a threat to the country's sovereignty. He issued a directive for all government agencies to refrain from cooperating with the ICC, emphasizing the nation's non-recognition of the court's authority. Former senator Antonio Trillanes IV claimed that ICC investigators had gathered substantial evidence against former President Rodrigo Duterte regarding his administration's war on drugs. He anticipated an imminent issuance of an arrest warrant against the former president. Former President Rodrigo Duterte condemned the ICC's decision to initiate a preliminary investigation into the war on drugs, labeling it an insult to the Philippines and challenging the court's jurisdiction within the country. During his presidency, he initiated the withdrawal of the Philippines' membership from the Rome Statute, the treaty that established the ICC. The ICC appeals chamber recently granted a request to resume the investigation into alleged crimes against humanity related to the Philippines' controversial drug campaign, spanning from November 2011 to March 2019. The developments surrounding the ICC's probe into the Philippines' internal affairs have sparked a contentious debate, with key political figures and rights groups expressing divergent views on the matter. The ongoing tensions between the Philippines and the ICC underscore the complex intersection of international law, national sovereignty, and human rights issues......»»
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......»»
China summons Philippines envoy as Manila congratulates Taiwan s President-elect
Beijing [China], January 16 (ANI): In swift action after the Taiwan election results, China summoned the Philippines ambassador as Manila congratulated the winner of Taiwan's presidential election, Al Jazeera reported on Tuesday. It reported that the Chinese side on Tuesday lashed out at the Philippines after President Ferdinand Marcos sent Taiwanese President-elect Lai Ching-te a note on his victory in the recent vote. T.....»»
China summons Philippines envoy as Manila congratulates Taiwan s President-elect
Beijing [China], January 16 (ANI): In swift action after the Taiwan election results, China summoned the Philippines ambassador as Manila congratulated the winner of Taiwan's presidential election, Al Jazeera reported on Tuesday. It reported that the Chinese side on Tuesday lashed out at the Philippines after President Ferdinand Marcos sent Taiwanese President-elect Lai Ching-te a note on his victory in the recent vote. T.....»»
Pru Life UK expands presence in key Philippine metros with new general agency offices
Leading life insurer, Pru Life UK, continues to make life and health protection products even more accessible to Filipinos by opening several agency offices across the country......»»
Artes humingi ng sorry Summer MMFF ‘di na gagawin
SHOWBIZ KONEKni Maricris Valdez Nicasio HUMINGI ng paumanhin ang pamunuan ng Metropolitan Manila Development Authority (MMDA) dahil walang magaganap na Summer Metro Manila Film Festival (MMFF) ngayong taon. Ito ang inanunsiyo ni MMDA Chairman at concurrent MMFF ExeComm Chairman na si Don Artes noongMartes ng umaga sa isinagawang media conference sa kanilang tanggapan. Ani Artes, gusto nilang bigyang atensiyon ang paghahanda ….....»»
‘Summer MMFF 2024’ hindi matutuloy, pag-arangkada ng PPP pag-aaralan pa
WALANG Summer Metro Manila Film Festival (MMFF) ngayong taon. ‘Yan ang inanunsyo ng Metropolitan Manila Development Authority (MMDA), ang organizer ng nasabing event, sa kabila ng patuloy na record-breaking streak ng 49th MMFF na umani na ng mahigit P1 billion sa takilya. Ayon sa MMDA Chairman at concurrent MMFF ExeComm Chairman na si Don Artes,.....»»