More groups to establish Islamic banks in Philippines
More groups are looking at establishing Islamic banks in the Philippines as the first branch of the new banking classification is expected to open soon, according to the Bangko Sentral ng Pilipinas......»»
ADB approves 655,000 USD to help Philippine rural banks digitization
MANILA, Feb. 19 (Xinhua) -- The Asian Development Bank (ADB) on Monday said it will provide grants totaling 655,000 U.S. dollars for the digitization of nine rural banks and a bank consortium in the Philippines. The grants are part of ADB's Fintech for Inclusion Transformation (FIT) program. The grant awardees were chosen from among rural banks nationwide serving women, farmers, fisherfolk, and micro, sma.....»»
ADB approves 655,000 USD to help Philippine rural banks digitization
MANILA, Feb. 19 (Xinhua) -- The Asian Development Bank (ADB) on Monday said it will provide grants totaling 655,000 U.S. dollars for the digitization of nine rural banks and a bank consortium in the Philippines. The grants are part of ADB's Fintech for Inclusion Transformation (FIT) program. The grant awardees were chosen from among rural banks nationwide serving women, farmers, fisherfolk, and micro, sma.....»»
Public sector banks doing better in managing NPAs vis-a-vis their private counterparts: FICCI-IBA survey
New Delhi [India], March 21 (ANI): Public sector banks in India are doing better in comparison to their private sector counterparts in terms of non-performing assets, a survey conducted by industry body FICCI and banking association Indian Banks' Association (IBA) found. A nonperforming asset refers to loans or advances that are on the brink of default. According to the survey, a large majority (77 per cent) of the respon.....»»
Philippines Says Catholic Mass Bombing Mastermind Is Dead
Manila, Philippines - The alleged mastermind of a bombing at a Catholic Mass in the southern Philippines has died after a clash between members of a pro-Islamic State group and government troops, officials said Monday.Four people were killed and dozens wounded in the Dec. 3 attack on worshippers inside a university gym in Marawi, the country's largest Muslim city, that was later claimed by the Islamic State grou.....»»
Philippines Says Catholic Mass Bombing Mastermind Is Dead
Manila, Philippines - The alleged mastermind of a bombing at a Catholic Mass in the southern Philippines has died after a clash between members of a pro-Islamic State group and government troops, officials said Monday.Four people were killed and dozens wounded in the Dec. 3 attack on worshippers inside a university gym in Marawi, the country's largest Muslim city, that was later claimed by the Islamic State grou.....»»
Globe reports steep 73.7% decline in blocked bank-related spam, scam SMS in 2023
The telecommunications company Globe has reported a significant 73.7% decrease in the number of blocked spam and scam SMS related to banks in 2023. This reduction is a result of the interception of 21.9 million bank-related fraudulent messages, a sharp decline from the 83.39 million messages blocked the previous year. Globe attributes this achievement to its proactive strategies and strong partnerships with major banks and financial institutions in the Philippines. The company has established anti-fraud alliances with the Bankers Association of the Philippines and individual players in the finance sector, enabling the sharing of data and intelligence to prevent and investigate fraud effectively. Anton Bonifacio, Chief Information Security Officer at Globe, emphasized the company's commitment to combating financial fraud and enhancing security measures for customer protection. Globe has invested approximately US$20 million to improve its spam and scam SMS detection and blocking system and operates a 24/7 Security Operations Center to filter out unwanted messages from both international and domestic sources. Despite certain limitations, Globe remains dedicated to customer protection and emphasizes the need for a unified approach in the fight against fraud. The company is focused on leveraging technology and strengthening alliances with key stakeholders to combat fraudulent activities. As Globe continues to advance its technologies and collaborations, it aims to provide a safer and more secure digital environment for its customers. For more information about Globe and its initiatives, visit www.globe.com.ph. (SPONSORED CONTENT).....»»
Senior citizens, disabled among mujahideen to get allowance from BARMM
COTABATO CITY (MindaNews / 27 February)— An initial P500-million fund coming from the office of the chief minister will finance allowances for former Moro combatants who are already senior citizens or permanently disabled. This was after the Bangsamoro Parliament approved a measure to establish an office that will provide financial aid to Moro Islamic Liberation […].....»»
Russia says 40 dead, 145 injured in concert hall raid; Islamic State group claims responsibility
Russia says 40 dead, 145 injured in concert hall raid; Islamic State group claims responsibility.....»»
Islamic religion student slain near scene of deadly Maguindanao Sur ambush
Relatives want an extensive probe on the brutal killing of a 16-year-old Islamic religion student, found dead on Monday in Barangay Tuayan in Datu Hoffer, Maguindanao del Sur near where four soldiers were fatally ambushed by local terrorists the day before......»»
What is Ramadan and how do Muslims observe the Islamic holy month?
CAIRO (AP) — Observant Muslims the world over will soon be united in a ritual of daily fasting from dawn to sunset as the Islamic holy month of Ramadan starts. For Muslims, it’s a time of increased worship, charity and good deeds. Socially, it often brings families and friends together in festive gatherings around meals.....»»
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......»»
UBS sees 2-digit credit growth for Philippines banks
Banks operating in the Philippines are expected to post a double-digit credit growth this year on the back of robust economic expansion, according to banking giant UBS......»»
Philippines, German central banks partner on capacity-building
The central banks of the Philippines and Germany have formalized their partnership on capacity-building through the signing of a memorandum of understanding......»»
Digital banks seen profitable in 5-7 years
Digital banks in the Philippines need five to seven years to become profitable, as only two out of six online lenders are doing well so far, according to the Bangko Sentral ng Pilipinas......»»
RCBC the best PH bank by network uptime, and UBP ranks at the bottom
Brankas, a Singapore-based fintech software and services provider, published its first annual ASEAN Bank Stability Report to measure the network uptime performance of ASEAN-region banks, and RCBC finished in the top spot among banks in the Philippines with an uptime of 98.3% (31 hours total downtime) including a stretch of seven months with zero downtime events......»»
Rights groups denounce bombing of communities in Abra, Ilocos Sur
By ANNE MARXZE D. UMIL Bulatlat.com MANILA – Human rights groups condemned the recent series of bombings in Sta. Maria, Ilocos Sur and Pilar, Abra. A news report revealed that at least 137 families of Pilar, Abra fled their homes due to the military operations. According to rights group Kaammoyo ti Kappia (KTK), the clashes… The post Rights groups denounce bombing of communities in Abra, Ilocos Sur appeared first on Bulatlat......»»
Rights groups denounce bombing of communities in Abra, Ilocos Sur
By ANNE MARXZE D. UMIL Bulatlat.com MANILA – Human rights groups condemned the recent series of bombings in Sta. Maria, Ilocos Sur and Pilar, Abra. A news report revealed that at least 137 families of Pilar, Abra fled their homes due to the military operations. According to rights group Kaammoyo ti Kappia (KTK), the clashes… The post Rights groups denounce bombing of communities in Abra, Ilocos Sur appeared first on Bulatlat......»»
Rights groups denounce bombing of communities in Abra, Ilocos Sur
By ANNE MARXZE D. UMIL Bulatlat.com MANILA – Human rights groups condemned the recent series of bombings in Sta. Maria, Ilocos Sur and Pilar, Abra. A news report revealed that at least 137 families of Pilar, Abra fled their homes due to the military operations. According to rights group Kaammoyo ti Kappia (KTK), the clashes… The post Rights groups denounce bombing of communities in Abra, Ilocos Sur appeared first on Bulatlat......»»
Rights groups denounce bombing of communities in Abra, Ilocos Sur
By ANNE MARXZE D. UMIL Bulatlat.com MANILA – Human rights groups condemned the recent series of bombings in Sta. Maria, Ilocos Sur and Pilar, Abra. A news report revealed that at least 137 families of Pilar, Abra fled their homes due to the military operations. According to rights group Kaammoyo ti Kappia (KTK), the clashes… The post Rights groups denounce bombing of communities in Abra, Ilocos Sur appeared first on Bulatlat......»»
Rights groups denounce bombing of communities in Abra, Ilocos Sur
By ANNE MARXZE D. UMIL Bulatlat.com MANILA – Human rights groups condemned the recent series of bombings in Sta. Maria, Ilocos Sur and Pilar, Abra. A news report revealed that at least 137 families of Pilar, Abra fled their homes due to the military operations. According to rights group Kaammoyo ti Kappia (KTK), the clashes… The post Rights groups denounce bombing of communities in Abra, Ilocos Sur appeared first on Bulatlat......»»