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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 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......»»
DOTr: 2.2 million more plastic cards to be delivered
Transportation Secretary Jaime Bautista inspected yesterday the one million delivered plastic cards to be used for the printing of driver’s licenses, at the Land Transportation Office central office in Quezon City......»»
PSA reports 60% of national IDs printed
Still don't have the printed version of your national ID? The Philippine Statistics Authority said on Friday that it has already completed printing over 60% of the "physical cards" of national identification cards (IDs)......»»
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 […].....»»
Senate hearing on bills vs online piracy slated next week
The Senate Trade and Industry Committee will tackle on April 23 two bills on amending the Intellectual Property Code of the Philippines to enable online site blocking and safeguard intellectual property rights......»»
Mandaue Councilor to MCWD: Allow consumers to pay water bills on staggered basis
MANDAUE CITY, Cebu – A Mandaue City Councilor is urging the Metropolitan Cebu Water District (MCWD) to allow city residents to pay on a staggered basis their bills for the months of March and April. Councilor Jennifer Del Mar, chairperson of the committee on Disaster Risk Reduction Management, said that doing so would lighten the.....»»
DOST seeks Mindanaoans’ support for priority S& T bills
THE Department of Science and Technology (DOST), in a consultative forum, recently sought support from the scientific and legislative communities in Mindanao for the passage of five priority scientific bills......»»
Senate to prioritize LEDAC bills, not Cha-cha
The Senate would rather prioritize bills listed in the Legislative-Executive Development Advisory Council than rush the passage of the proposed measure to amend the 1987 Constitution – at least based on the chamber’s agenda and schedule for the last week of session.....»»
Panagbenga merchants warned vs circulation of fake P1K bills
Counterfeit P1,000 bills might be circulating around the Baguio Flower Festival’s (Panagbenga) famous promenade area “Session Road in Bloom”......»»
SC affirms conviction of man caught with fake bills
The Supreme Court has upheld the conviction of a man arrested for possession and use of counterfeit Philippine peso bills......»»
Bimby kailangan nang mag-work para sa medical bills ni Kris Aquino, true ba?
MATAPOS ang kanyang health update, sinabi ng Queen of All Media na si Kris Aquino na uuwi na ng Pilipinas ang bunso niyang anak na si Bimby sa susunod na buwan. Ibinunyag ni Kris na kailangan nang magtrabaho ni Bimby dahil tumataas na ang bills niya sa pagpapagamot. ‘Yan ang inihayag ng dating TV host.....»»
Taylor Swift s NFL playoff tour takes her to Buffalo for Chiefs game against Bills
Taylor Swift s NFL playoff tour takes her to Buffalo for Chiefs game against Bills.....»»
Meralco warns vs discounts in paying bills via social media
The Manila Electric Co. has warned the public against scammers claiming that customers can pay their electric bills through social media accounts to get discounts......»»
QR Codes: A Scan Towards Simpler Transactions
Quick Response codes (QR codes), those ubiquitous black and white squares, are now more than just a shortcut to websites. They’re now revolutionizing the way we pay, offering a faster, more secure, and surprisingly error-free alternative to traditional methods. For those still on the fence about using QR codes, Here’s how they can streamline your […].....»»
BBM, Duterte threats and sleep deprivation
In December 2023, President Marcos Jr. scored an approval rating of 71 percent, up six points from 65 percent in October 2023, according to OCTA Research Group which polled 1,200 respondents during Dec. 10-14. Error margin was three percentage points, quite high, if you ask statisticians......»»
7 Common Myths About Weight Loss Debunked
Losing weight can be a challenging process full of trial and error. With so much confusing and conflicting information out there on the best methods.....»»
53% drop in Davao City’s road accidents: DCPO-TEU
The Davao City Police Office-Traffic Enforcement Unit (DCPO-TEU) has reported a significant 53% decrease in road accidents during the first 16 days of 2024 compared to the same period in 2023. Deputy Chief Pcpt. Raymundo B. Bacera Jr. revealed these statistics during the ISpeak media forum, citing 213 recorded incidents in 2023, compared to only 102 in 2024. He noted a reduction in the number of vehicles involved, from 120 to 51. Human error was identified as the primary cause of accidents, accounting for 97% of cases, while vehicle defects and road defects contributed to 2% and 1% of incidents, respectively. Private vehicles were involved in 40% of the accidents, with common human errors including texting/calling while driving, overtaking, and speeding. The peak hours for accidents were identified as between 2 pm to 4 pm. Despite the implementation of the New Speed Limit Ordinance, which came into effect on January 11, 2024, Dionisio Abude, head of the City Transport and Traffic Management Office (CTTMO), emphasized that the ordinance cannot guarantee the absence of road incidents, highlighting the critical role of driver behavior and driving habits. Since the ordinance's enforcement, CTTMO and DCPO-TEU have issued citations to 730 violators, with private vehicles constituting 49% of the total, followed by motorcycles, taxis, trucks, public utility jeepneys, buses, and public utility vans......»»
SSS targets 20% profit hike to P100 billion
State-run pension fund Social Security System is expecting at least a 20-percent hike in its bottomline to breach the P100-billion mark this year on increased investment returns and enhanced collection efforts......»»