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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......»»
Comelec may pause voter registration to verify signatures in People s Initiative
But if the People’s Initiative campaign “pushes through,” the poll body could pause its voter registration to give way to the verification of signatures as there is only one election officer per municipality and city......»»
Stocks retreat on hawkish Fed, BSP rate signals
Stock investors were turned off yesterday by policy signals from monetary authorities here and abroad, dragging the local market to a third straight day of decline......»»
Market climbs ahead of BSP meeting
The stock market climbed for the second straight day ahead of the outcome of the Bangko Sentral ng Pilipinas (BSP) policy meeting......»»
Murder case filed vs 5 tagged in slay of Lapu market collector
LAPU-LAPU CITY, Cebu- A murder case was filed against five individuals tagged in the killing of a Lapu-Lapu City market collector. Public Market Executive Assistant for Market Operations, Christopher Ceniza was shot-killed by two individuals riding a motorcycle on January 5, while collecting market fees from the vendors. Two of the suspects, who served as.....»»
Market Reels: How Stock Market Investing Aligns with Online Gaming Strategies
In the unpredictable world of finance, investors often find themselves navigating through an array of strategies and tactics to maximize their returns. Surprisingly, the stock market and online slot games share some intriguing parallels. While one is associated with the thrill of risk and the other with calculated investments, the similarities between the two might […] The post Market Reels: How Stock Market Investing Aligns with Online Gaming Strategies appeared first on Kagay An......»»
BSP rate cuts seen in lockstep with US Fed
The Bangko Sentral ng Pilipinas is expected to move in lockstep with the US Federal Reserve as it pivots to an easing cycle after emerging as the most aggressive central bank in the region......»»
Peruvian President Boluartes residence raided in luxury watch investigatio
Peruvian President Dina Boluarte’s Home Raided in Search of Luxury Watches Government agents raided the residence of Peruvian President Dina Boluarte in search of luxury.....»»
Barbie Forteza re-watches Maria Clara at Ibarra on International Women s Day
Kapuso star Barbie Forteza revealed what she did for International Women's Day last March 8......»»
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......»»
Mayor Cabaron volleyball tilt resumes on Saturday
CEBU CITY, Philippines — After a week-long pause, the 1st Mayor Inocentes Cabaron Invitational Inter-Town Volleyball Tournament resumes its hardcourt action tomorrow at the Moalboal Covered Court in south Cebu this weekend. The host town, Moalboal, and Barili, will fight for the top spot in the men’s division. Both teams have identical 3-0 (win-loss) records......»»
ERC suspends reserve market settlement
The Energy Regulatory Commission has ordered the Philippine Electricity Market Corp. and the Independent Electricity Market Operator of the Philippines Inc. to suspend settlement amounts in the reserve market......»»
Market slips ahead of US Fed meeting
Share prices pulled back yesterday as investors treaded with caution ahead of the policy meeting of the US Federal Reserve......»»
US inflation, BSP action on investors radar this week
The stock market will attempt to sustain its momentum this week as investors look to get inspiration from upcoming US economic data and the policy rate-setting meeting of the Bangko Sentral ng Pilipinas......»»
BSP sees room for further rate hike
After discounting the possibility of a rate cut in the first half of the year, the Bangko Sentral ng Pilipinas (BSP) believes there is still room to raise interest rates amid the country’s robust economic growth......»»
Ruru Madrid learns from action idols, rides high on ratings
Ruru Madrid further strengthens his foothold in the action genre with the GMA Primetime Telebabad show, “Black Rider.” It’s a follow-up to the action and adventure-filled “Lolong,” with the drama-fantasy “The Write One” as, in a way, a breather from the genre and a reminder of his versatility......»»
Cebu Daily Newscast: Rama threatens legal action against Gwen, CBRT opponents
Listen to Cebu Daily Newscast and get the latest stories in and around Cebu. Rama threatens legal action against Gwen, CBRT opponents Mayor Michael Rama announced on Thursday that he will take legal action against anyone who attempts to obstruct the Cebu bus rapid transit project. In his weekly radio program, Rama said that he is.....»»
Gaza war: Fierce fighting between Israel, Hamas continues as efforts for truce gains pace
International efforts towards a new pause in the devastating Gaza war gathered pace Wednesday, as Israel bombarded the Palestinian territory during fierce fighting with Hamas militants. Hamas was reviewing a proposal for a six-week truce in its war with Israel, a source told AFP, after mediators gathered in Paris. While talks take place, the population.....»»