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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......»»
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......»»
Rama washes hands of MCWD lockdown
Rama washes hands of MCWD lockdown.....»»
Arrojado urges Alisasis to join hands for peace
ROXAS CITY – Libas village chief Richard Arrojado urged his predecessor to join hands with him to attain peace and order that would stop the series of killings involving their supporters......»»
Chie Filomeno, Jake Cuenca ‘spotted’ na magka-holding hands, sila na ba?
ANO na kaya ang relationship status ng aktres na si Chie Filomeno at aktor na si Jake Cuenca? Usap-usapan kasi ngayon sa social media ang viral video ng dalawa na makikitang spotted silang nagka-holding hands habang naglalakad sa Rockwell sa Makati. Mapapanood sa isang TikTok post na tila naka-business wear ang dalawa at kitang-kita na.....»»
Samsungs Vision of a Flatter Future Revealed in Leaked Galaxy S24 Ultra Hands-On Video
Title: Leaked Video Confirms Samsung Galaxy S24 Ultra’s New Flat Display Design [City], [Date] – In an exciting turn of events, a leaked hands-on video.....»»
Where do you need to experience good news?
Where do you need to experience good news? When has God’s good news replaced your fear and worry with joy?.....»»
Seal of Good Housekeeping, nasungkit ng PLGU Catanduanes at 10 bayan
Napasakamay ng local Government Unit ng Catanduanes at ng sampung mga bayan sa lalawigan ang Seal of Good Housekeeping award 2023. Sa report ng Department of Interior and Local Government (DILG), maliban sa lalawigan ng Catanduanes, pasok sa awarda ang mga bayan ng Bagamanoc, Baras, Bato, Caramoran, Gigmoto, Panganiban, San Andres, San Miguel, Viga, and […] The post Seal of Good Housekeeping, nasungkit ng PLGU Catanduanes at 10 bayan appeared first on Bicol Peryodiko......»»
President Marcos gets ‘good’ satisfaction rating, Vice President Sara ‘very good’
Satisfaction with President Marcos decreased over the past year, but remained “good” at the end of 2023, a survey conducted by Social Weather Stations found. .....»»
Pro Tip: If It’s Too Good To Be True, It’s Probably a Scam
The allure of seemingly unbeatable opportunities can and will always be tempting, especially for those willing to risk it all for the promise of financial freedom with minimal effort. However, there’s a fundamental saying that can serve as a very good reality check against these opportunities: If it’s too good to be true, it probably […].....»»
Jake thankful sa pag-aalaga ni Philmar kay Ellie: ‘She’s in good hands’
HINDI naging problema para kay Jake Ejercito ang pagkakaroon ng “stepdad” ng anak na si Ellie. Sigurado kasi si Jake na inaalagaang mabuti ng celebrity surfer na si Philmar Alipayo ang unica hija nila ni Andi Eigenmann. Noong March 1, nag-open up ang aktor tungkol sa co-parenting setup nila ng dating partner sa isang interview.....»»
Ultra-high-net-worth wealth management? Make sure you re in good hands
Metrobank offers extensive wealth products and services that cater to Filipinos across all life stages—with different goals, risk appetite and financial capacity......»»
Interest rates to remain at 6.5% — BSP
The Bangko Sentral ng Pilipinas’ (BSP) Monetary Board (MB) decided to retain its target reverse repurchase rate at 6.5%......»»
BSP sinisipat 4.2% inflation noong Marso
Sa pagtaya ng Bangko Sentral ng Pilipinas, maaaring umabot sa 4.2% ang inflation nitong Marso. The post BSP sinisipat 4.2% inflation noong Marso first appeared on Abante......»»
BSP issues guidelines for payment systems
The Bangko Sentral ng Pilipinas (BSP) has released its first Manual of Regulations for Payment Systems (MORPS), a formal compilation of all payment system regulations approved by the Monetary Board as of end-December 2023......»»
BSP on guard vs inflation risks amid El Niño
The BSP chief said headline inflation likely further accelerated to 3.9 percent in March from 3.4 percent in February due to base effects, but lower than the 7.6 percent in March 2023......»»
GCash gets BSP nod to enter Europe, ME
E-wallet leader GCash has received the green light from the Bangko Sentral ng Pilipinas (BSP) to offer financial services to overseas Filipino workers (OFWs) in Europe and the Middle East......»»
Cebu Daily Newscast: Remittances soar to P33.5 billion in 2023 – BSP
Listen to Cebu Daily Newscast and get the latest stories in and around Cebu. Here’s what you need to know on Friday, February 16. Remittances soar to P33.5 billion in 2023 – BSP Filipinos abroad sent a record amount of money back home in 2023 as remittances hit $33.5 billion, boosted by a stronger peso......»»