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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......»»
DBP cited for good governance
The Development Bank of the Philippines (DBP) has received recognition for its exemplary corporate governance practices. The government's chief corporate regulator, the Governance Commission for GOCCs (GCG), has honored DBP with the Corporate Governance Scorecard (CGS) Hall of Fame award for consistently ranking in the top ten of the CGS ratings since 2017. DBP President and CEO, Michael O. de Jesus, highlighted the significance of this accolade, emphasizing the bank's unwavering commitment to best practices in corporate governance. Established under the GOCC Governance Act of 2011, the GCG utilizes the CGS to evaluate and assess the corporate governance initiatives of government-owned and controlled corporations. Moreover, DBP was also recognized as a Top 4 performer in the Corporate Governance Scorecard for 2022, attaining a high score of 100. De Jesus reaffirmed the bank's dedication to fortifying its corporate governance mechanisms, aligning with its core values and the national agenda for good governance. He emphasized DBP's resolve to uphold the highest standards in corporate governance, underscoring its support for the government's efforts to foster sustainable and inclusive economic growth......»»
Chinabank’s 9-month net income reaches P16.2B
China Banking Corporation, also known as Chinabank, reported a net income of P16.2 billion for the first nine months of 2023, a 10% increase compared to the same period last year. The bank's strong performance was attributed to growth in core businesses and lower loan loss provisions. In the third quarter alone, Chinabank recorded profits of P5.4 billion, a 16% increase from the previous year. The bank's President and CEO, Romeo D. Uyan, Jr., credited the success to effective business strategies and efficient operations. Net interest income grew by 16% to P39.2 billion, while total credit provisions were reduced to P1.3 billion. Despite this, Chinabank maintained a better-than-industry non-performing loans (NPL) cover of 126%. Operating expenses increased by 14% to P20.5 billion, driven by manpower and inflation-related expenses. Chinabank remains the 4th largest private domestic bank with total assets of P1.4 trillion. Gross loans grew by 10% to P765 billion, with consumer loans experiencing a 19% expansion. The bank's NPL ratio remained manageable at 2.2%. Total deposits increased by 14%.....»»
First relief convoy enters Gaza devastated by ‘nightmare’ war
The first aid trucks arrived in war-torn Gaza from Egypt on Saturday, bringing urgent humanitarian relief to the Hamas-controlled Palestinian enclave suffering what the UN chief labelled a "godawful nightmare". Israel has vowed to destroy Hamas after the Islamist militant group carried out the deadliest attack in the country's history on October 7. Hamas militants killed at least 1,400 people, mostly civilians who were shot, mutilated or burnt to death, and took more than 200 hostages, according to Israeli officials. Israel has retaliated with a relentless bombing campaign on Gaza that has killed more than 4,300 Palestinians, mainly civilians, according to the Hamas-run health ministry. An Israeli siege has cut food, water, electricity and fuel supplies to the densely populated and long-blockaded territory of 2.4 million people, sparking fears of a humanitarian catastrophe. AFP journalists on Saturday saw 20 trucks from the Egyptian Red Crescent, which is responsible for delivering aid from various UN agencies, pass through the Rafah border crossing from Egypt into Gaza. The crossing -- the only one into Gaza not controlled by Israel -- closed again after the trucks passed. The lorries had been waiting for days on the Egyptian side after Israel agreed to a request from its main ally the United States to allow aid to enter. UN chief Antonio Guterres warned Friday that the relief supplies were "the difference between life and death" for many Gazans, more than one million of whom have been displaced. "Much more" aid needs to be sent, he told a peace summit in Egypt on Saturday. US Secretary of State Antony Blinken welcomed the aid and urged "all parties" to keep the Rafah crossing open. But a Hamas spokesman said "even dozens" of such convoys could not meet Gaza's needs, especially as no fuel was being allowed in to help distribute the supplies to those in need. 'Reeling in pain' Tens of thousands of Israeli troops have deployed to the Gaza border ahead of an expected ground offensive that officials have pledged will begin "soon". As international tensions soar, Egyptian President Abdel Fattah al-Sisi was hosting a peace summit in Cairo on Saturday attended by regional and some Western leaders. "The time has come for action to end this godawful nightmare," Guterres told the summit, calling for a "humanitarian ceasefire". The region "is reeling in pain and one step from the precipice", he said. Guterres said "the grievances of the Palestinian people are legitimate and long" after "56 years of occupation with no end in sight". But he stressed that "nothing can justify the reprehensible assault by Hamas that terrorised Israeli civilians". "Those abhorrent attacks can never justify the collective punishment of the Palestinian people," he added. Egypt, historically a key mediator between Hamas and Israel, has urged "restraint" and the relaunch of the long-frozen peace process. But diplomatic efforts to end the violence have made little headway, without the participation of Israel and its enemy Iran, a supporter of Hamas and other armed groups. 'Sliver of hope' A full-blown Israeli ground offensive carries many risks, including to the hostages Hamas took and whose fate is shrouded in uncertainty. So the release of two Americans among the hostages -- mother and daughter Judith and Natalie Raanan -- offered a rare "sliver of hope", said Mirjana Spoljaric, president of the International Committee of the Red Cross. US President Joe Biden thanked Qatar, which hosts Hamas's political bureau, for its mediation in securing the release. He said he was working "around the clock" to win the return of other Americans being held. Natalie Raanan's half-brother Ben told the BBC he felt an "overwhelming sense of joy" at the release after "the most horrible of ordeals". Hamas said Egypt and Qatar had negotiated the release and that it was "working with all mediators to implement the movement's decision to close the civilian (hostage) file if appropriate security conditions allow". Traumatised families with loved ones missing in Gaza demanded more action. "We ask humanity to interfere and bring back all those young boys, young girls, mothers, babies," Assaf Shem Tov, whose nephew was abducted from a music festival where Hamas killed hundreds, said Friday. Devastation Almost half of Gaza's residents have been displaced, and at least 30 percent of all housing in the territory has been destroyed or damaged, the United Nations says. Thousands have taken refuge in a camp set up in the city of Khan Yunis in southern Gaza. Fadwa al-Najjar said she and her seven children walked for 10 hours to reach the camp, at some points breaking into a run as missiles struck around them. "We saw bodies and limbs torn off and we just started praying, thinking we were going to die," she told AFP. In Al-Zahra in central Gaza, Rami Abu Wazna was struggling to take in the destruction wreaked by Israeli missile strikes. "Even in my worst nightmares, I never thought this could be possible," he said. Israel's operation will take not "a day, nor a week, nor a month" and will result in "the end of Israel's responsibilities in the Gaza Strip", Defence Minister Yoav Gallant warned on Friday. Regional tensions flare In Gaza, retired general Omar Ashour said the destruction was "part of a clear plan for people to have no place left to live". "This will cause a second Nakba," he added, referring to the 760,000 Palestinians who were expelled from or fled their homes when Israel was created in 1948. The United States has moved two aircraft carriers into the eastern Mediterranean to deter Iran or Lebanon's Hezbollah, both Hamas allies, amid fears of a wider conflagration. Fire across Israel's border with Lebanon continued overnight, with one Israeli soldier killed, Israeli public radio said. The military said it hit Hezbollah targets after rocket and missile fire. Violence has also flared in the West Bank, where 84 Palestinians have been killed since October 7, according to the Palestinian health ministry. The post First relief convoy enters Gaza devastated by ‘nightmare’ war appeared first on Daily Tribune......»»
Nina Lim-Yuson — A lifetime of girl scouting
The president of the Girl Scouts of the Philippines, Nina Lim-Yuson, grew up in a family and home of Girl Scouts. Her grandmother, Pilar Hidalgo-Lim, was one of the co-founders of the GSP. “It was actually my Lola Pilar who suggested to Josefa Llanes Escoda, the GSP founder, to go to America to learn about girl scouting.” This tidbit of history, Nina shared in an online interview with the DAILY TRIBUNE. Pilar Hidalgo-Lim became GSP president, and so did Nina’s mother, Estefania Aldaba-Lim, who served as secretary of the Department of Social Welfare and Development. Nina’s sister too, the eminent broadcast journalist, Cheche Lazaro, was a Girl Scout. Coming from a lineage of women achievers, Nina could not have chosen a different path. It was scouting that formally introduced the family to social responsibility, skills development and citizenship. Her brothers were also Boy Scouts. “I started when I was six years old and it was my Lola Pilar who inducted me as a Brownie. It used to be called Brownie because we were still using the American pattern,” she related. She belonged to Troop Number One, the first to be organized by the GSP national headquarters. In high school at the Jose Abad Santos Memorial School of the Philippine Women’s University, she became a junior and later a senior Girl Scout. College would briefly end her Girl Scouting as she focused on her studies. Along the way, she also danced with the Bayanihan Folk Dance Company. It was not unexpected that she would return to scouting, her first love, and her first extra-curricular activity. For the last 36 years, she has been active in various organizations and volunteer work. She founded the Museong Pambata. She is a recipient of The Outstanding Women in the Nation’s Service and is active in its various social development efforts. What Nina brings to her post is the legacy of leadership that had been passed on to her through generations of women leaders in the family. “My Lola Pilar was my idol. She was such a nice person and I never knew her totally as a president. I knew her more as a loving lola from all the stories she related when we rode up to Baguio. “My mother, on the other hand, was the opposite. She was very career-minded. I learned naman from her a lot of things, like being thrifty and having a list of things to do. In terms of organization, she was like that. Because she was in government. And, you know, when we started Museo, while it was actually my concept, I learned a lot from her. She would call me up at 5 o’clock in the morning and she would rattle off what needed to be done, like ‘number one, number two and so on.’ That was her. And I’m glad that I worked with her for six years in Museo. She was the president and I was the executive director for six years. I took over in 2000 as president and chief executive officer. And then, I stepped down in 2017.” Girl Scouts who read and tell stories Nina was elected president of the Girl Scouts of the Philippines for the term 2021-2024 during its 2021 national convention. From day one, she shared, “My purpose was to reach out to the community-based troops because we have always been school-based. Many young women now have social problems so we need to reach out to the communities through our community-based troops.” Also on top of her priorities is literacy development, a cause that she addressed even in the Museo Pambata. She explained, “My advocacy has always been education. So, I was very concerned because the Asian Development Bank reported in 2022 that the World Bank found out that our Filipino children at ages 9 and 10 cannot read. So, I felt that because girl scouting is all over the country, with 96 local councils, the organization could serve as a vehicle for improving literacy in our country. “We started the Girl Scout Storyteller project because storytelling affects the heart first before the mind. When young people start with storytelling, they will love the stories and then the written word. They would then want to read. “We now have storytelling in economically challenged communities and we have partners. We sent out 2,500 books throughout the country with the help of our partner couriers.” Initially, she sought the help of her family foundation “to give a donation. I also sought the help of Ging Montinola, who is into literacy development. Together, we founded the literacy program. We are building this fund to cover the cost of buying children’s books. We will have a storytelling contest next year.” Raising funds for Camp Escoda Nina then shifted the conversation to another major endeavor that she is spearheading as GSP president — fundraising for the 27-hectare Camp Josefa Llanes Escoda in Palayan City, Nueva Ecija, which was donated by the provincial government during the term of Governor Amado Aleta, the father of consul and civic leader Fortune Ledesma. “Palayan is beautiful because it has rolling hills, but it doesn’t have electrical and water facilities and roadworks. It doesn’t have a swimming pool, and it’s so hot in Nueva Ecija. It also does not have a conference hall. This is a big one-time fundraising project because it’s for the future of the girls who are going to the camp. Because as of now, if you go camping there, you have to walk up the hills to get your drinking water. You have to make buhos to take a bath.” She recalled, “In my time as a young Girl Scout, which was of another era, we had to walk in the dark to fetch water to fill up two drums. I was so scared because there were tuko in Los Baños. That taught me to be courageous. Camps really build up your lifetime skills and attitude. Camping is very integral in girl scouting and boy scouting. So, this camp will serve a purpose. It just needs various basic facilities to make it world-class and convenient with the proper amenities, but the girls will continue to learn all those survival techniques and appreciate nature right on the camp.” She praised architect Pippo Carunungan, “who is an environmental planner. He surveyed the site and drew up everything. It will be a beautiful camp, he said, because it’s a gift of nature.” First Lady as Chief Girl Scout Nina recently led the Girl Scouts in a fundraising ball attended by the “First Lady, Liza Araneta-Marcos, who is our Chief Girl Scout. It’s mandated in the GSP constitution that whoever is the female president of the country or the First Lady is the Chief Girl Scout. In the past, we had Imelda Marcos, Gloria Macapagal Arroyo. All the first ladies were all Chief Girl Scouts. “Mrs. Liza Marcos spoke before us and she promised to help. She said, ‘We will make it the best campsite.’ Everyone was excited to see her and she obliged everyone who asked to have selfie with her. She is very friendly. She is really a Girl Scout.” Nina shared, “A generous couple is sponsoring the swimming pool at P6 million, while a gentleman entrepreneur is sponsoring the perimeter fence at P1.5 million. Many other businessmen and leaders have pledged to help build this dream GSP project. “We really need to raise about 50 million to have a very good camp. But when the First Lady heard about it, she said, ‘It has to be P250 million.’ But, really, when we have the funds, we can have deep toilets that have running water instead of tabo-tabo. Since we have a little Pampanga river that runs across the camp, we can build a bridge that crosses it and then the girls can have white-water rafting there in the Pampanga river. “Camp Escoda will be a very important and significant venue for our Girl Scouts to gather, bond, learn new skills and develop as morally upright citizens of the country and the world. It is especially so because camping is integral in any Girl Scout’s life. If you don’t have camping, it’s like half of your scouting life is missing. Every Girl Scout remembers that time of her youth. And being the national camp, it will welcome Girl Scouts representing the 96 councils from Luzon, Visayas and Mindanao who will participate in various events and trainings.” Girl Scouts of all ages As GSP president, Nina travels to various parts of the country. “We have regional conferences aside from the meeting of the Central Board when regional heads and executives come to Manila. “I had just come from Baguio where I stayed for two-and-a-half days. I met our young Girl Scout representatives from ages 14 to 18. I enjoyed listening to them and exchanging ideas with them. I am so happy that we have a wealth of intelligent girls who want to serve the country. They are the ones who are going to take over. “It’s amazing that GSP is no longer limited to old people on the board. We finally have young ones on the board. Our Escoda committee is headed by Jade Delgado from Iloilo. Then we have Justine Bautista. She’s a psychometrician. She heads the Program Committee, which is a big committee because when we were in Baguio, we had 86 girls from all the councils throughout the country. Many of them are running for SK. “So, in my 70s now, which I don’t feel at all, I don’t take any medicines or something like that. Being with young people is what inspires me. Because at 15, 16 or 17, they already know that they have some kind of a mission.” Nina proudly shared that the venue of the Baguio conference, 'Ating Tahanan' on the South Drive was bought during the tenure of my Lola Pilar. We have four buildings there, including the houses of Senator and actor Rogelio de la Rosa and Carlos Valdes, the accountant. Lola Pilar, according to Carlos Valdes, twisted his arm to get a low price. I’m so thankful for all those who preceded me because they bought these places. It’s on South Drive which is so valuable. We even have a reserved forest behind us.” As she looks forward to the next camping and gets even busier raising funds for Camp Escoda, Nina feels elated that “every one of us in the Girl Scouts has been together in our various undertakings. The nice thing is we are now intergenerational because we try to bring in the old with experience, institutional memory and their wisdom born of their long life, and the young who are full of enthusiasm, energy and new ideas.” A star scout for a granddaughter While Nina does her part for the bright future of girl scouting in the country, her personal family too has not stopped contributing to the roster of members to this worldwide organization. Today, a granddaughter of hers, seven-year-old Rocio Yuson de Guzman, is a Star Scout. She is the daughter of Nina’s daughter, Nicky. No grandmother could have been prouder. Nina said, “Rufio loves being a star scout. When I arrived from the recent world conference in Cyprus, I came back with some badges and I gave some to Rufio who is very proud of the little badges that I got for her.” For sure, Nina will pass on not just the badges to Rufio. More importantly, she will give her granddaughter the once-in-one’s-childhood experience of being a Girl Scout and learning “the values that are identified in the Girl Scout Promise and Laws. I think that while there is so much to enjoy and learn, it is the inculcation of these values that would mold her into a well-rounded human being. As we all know, a Girl Scout’s honor is to be trusted. A Girl Scout is loyal, thrifty, courteous… and so on. It’s like a mantra -- the values that one lives by. “I have reached that point when it is not about success or what one accumulates in life, whether awards or accomplishments or material things. It is more about what I can share and scouting gives me that honor and privilege — to do my part in helping mold our young girls and making them aware even at an early age that they have a mission and worthy purpose in life. It is not just about being good and outstanding on your own but it is also about helping others to become better in what they’re doing and live better lives. “And I need not look far. As a grandmother, I dote on my Star Scout granddaughter, Rufio. There’s a world out there for her to discover and in which she has a role to play and use the skills and values she will learn from scouting.” The post Nina Lim-Yuson — A lifetime of girl scouting appeared first on Daily Tribune......»»
‘Total frenzy’: Swift fever grows in Latin America
Excitement is building among Taylor Swift fans in Latin America who have endured months-long queues, expensive tickets and, in one case, assault to realize their dream of seeing the pop superstar. The 33-year-old singer-songwriter, who holds the women's record for most number one albums, will bring her "Eras" tour to the region from Thursday starting in Mexico, followed by Argentina and Brazil. In Rio de Janeiro, Renan Rodrigues camped out for several nights to buy tickets for Swift's November 17-19 concerts at the Nilton Santos stadium. The 24-year-old DJ, who performs at parties for Swifties, as the pop star's devoted fans are known, got tickets to all three performances. But he paid a high price -- an assailant hit him on the head with a bottle for resisting an attempted robbery while he was waiting. "They wanted to take my cellphone, and inside the case was my card from the only bank authorized for ticket sales. I just thought: they won't take my card," said Rodrigues, who suffered superficial injuries. Tickets for Taylor Swift shows in Brazil cost between $35 and $468. In Mexico, where young people earn an average salary of $366 a month according to official data, fans had to pay between $55 and $614. Ingrid Cruz, founder of the official Mexican fan club, described the high cost as "abuse" and complained that VIP packages were prioritized over regular tickets. Fans also reported problems with the platform of US retail giant Ticketmaster. The vendor operates in Mexico as part of the powerful CIE entertainment and media group, which in turn controls around two-thirds of the local market for live shows. Pre-sales for the four concerts in Mexico City were based on a previous registration of "verified fans" by email. But even Joel Aguilar, creator of Taylor Swift MX, a fan site with some 20,000 followers from 20 countries, failed to qualify, he said. Denisse Castro, 26, who has been unemployed for six months, hoped that building a credit history and obtaining a card from the bank sponsoring the concert would help her to secure good seats. Unfortunately for her, the bank recently tightened its credit restrictions, so Castro could only afford the cheapest tickets. In the Argentine capital Buenos Aires, a group set up camp outside the River stadium in June, five months before the concert, to ensure they have places near the stage. "It's going to be a total frenzy," said Iara Palavencino, one of the fans, who take it in turns to reserve their spots. Tickets sold out quickly in Argentina, despite the country's serious economic crisis. In Chile, President Gabriel Boric, a self-proclaimed Swiftie, made an unsuccessful appeal to Swift to include his country on her tour. And in Mexico, proving that the pop star's popularity transcends age, a 64-year-old Supreme Court judge outed himself as a Swiftie earlier this year. "There's nothing trivial about Taylor Swift," Arturo Zaldivar wrote in a newspaper in June. The post ‘Total frenzy’: Swift fever grows in Latin America appeared first on Daily Tribune......»»
Bogus DoTr liaison entrapped
The police reported yesterday the arrest of a 37-year-old man in Muntinlupa City for allegedly posing as a liaison coordinator for the Department of Transportation to dupe a businessman. Identified as Peejay Giganto Durano, the suspect was arrested by elements of the Criminal Investigation and Detection Group in a sting operation last 31 July. Durano allegedly introduced himself to complainant Rholand Dindo Sioson, a businessman from Valenzuela City, as a liaison Officer from the Office of the President with a special letter of endorsement bearing what turned out to be the forged signature of DoTr Secretary Jaime Bautista. The suspect reportedly convinced Sioson that he could facilitate the processing of the latter’s application for a franchising business, specifically the licensing and registration of motor vehicles with the LTO. With the fake credentials, Durano was able to get from Sioson a total of P405,000 supposedly as the required processing fee, which the latter sent to him through a bank transfer. Durano asked for an additional P100,000 from Sioson which he said was for the release of a department order for the latter’s LTO franchise. Acting on Sioson’s formal complaint, the CIDG-NCR set up an entrapment and gave Sioson marked money to hand to Durano. The exchange took place in Alabang, where Durano was arrested. Durano is now facing charges of violating Article 315 (Large-scale Estafa) in relation to Republic Act 10175, or the Cybercrime Prevention Act, specifically Article 177, on “Usurpation of Authority or Official Function,” and Article 172, on the “Falsification by Private Individual and Use of Falsified Document” of the Revised Penal Code. Sioson presented his case to the Chief Prosecutor of Mandaluyong City, assisted by CIDG investigators Patrolmen Roberto Felipe and Jodar Capati. Four PNP officers based in Camp Crame — P/MSg. Arcadio Manganas Jr. of the Forensic Group; and P/SSg. Jeck Ryan Olarte, P/SSg. Jerome Vicente, and Patrolman Jericho Dela Cruz of the CIDG-NCR Regional Field Unit — handled the booking documentation and disposition of the case. DoTr Secretary Jaime Bautista urged the public not to fall prey to scams using his name because his administration does not condone any illegal activities. The post Bogus DoTr liaison entrapped appeared first on Daily Tribune......»»
DOTr liaison poser nabbed for usurpation, estafa
Police nabbed a 37-year-old man who posed as liaison coordinator for the Department of Transportation (DOTr) and duped a businessman who wanted to have a franchise for motor vehicle registration with the Land Transportation Office (LTO). Elements of Criminal Investigation and Detection Group - National Capital Region (CIDG-NCR) of the Philippine National Police (PNP) pounced on Peejay Giganto Durano of Muntinlupa City at a sting operation on 31 July in Susana Heights. CIDG-NCR Chief P/Col. Hansel Marantan said on 22 May of this year, Durano introduced himself to complainant Rholand Dindo Sioson, a businessman from Valenzuela City, as a liaison officer from the Office of the President with a special letter of endorsement bearing the forged signature of the Department of Transportation (DOTr) Secretary Jaime Bautista. Marantan said Durano convinced Sioson that he can facilitate the processing of the latter’s application for a franchising business, specifically the licensing and registration of motor vehicles with the LTO. The CIDG-NCR chief said, with fake credentials, Durano was able to get from Sioson a total of P405,000 supposedly as the required processing fee, which the latter sent to him through a bank transfer. Durano even asked for an additional P100,000 from Sioson which he said was for the release of a department order for the latter’s LTO franchise. Acting on Sioson’s formal complaint, Marantan and his men set up an entrapment and gave Sioson marked money to hand to Durano on Alabang, where the exchange was to take place in Alabang where they netted Durano. According to Marantan, Durano is now facing charges of violating Article 315 (“Large-scale Estafa”) in relation to Republic Act 10175 (“Cybercrime Prevention Act”), Article 177 (“Usurpation of Authority or Official Function”), and Article 172 (“Falsification by Private Individual and Use of Falsified Document”) of the Revised Penal Code (RPC). Sioson presented his case to the chief prosecutor of Mandaluyong City, assisted by CIDG investigators Patrolmen Roberto Felipe and Jodar Capati. Four PNP officers based in Camp Crame – P/MSg Arcadio Manganas Jr. of the Forensic Group; and P/SSg Jeck Ryan Olarte, P/SSg Jerome Vicente, and Patrolman Jericho Dela Cruz of the CIDG-NCR Regional Field Unit (RFU) – handled the booking documentation and disposition of the case. CIDG, the primary investigation arm of the PNP, is tasked with investigating and prosecuting all crimes involving economic sabotage and other large-scale crimes that may be committed by highly placed or professional criminal syndicates or organizations. Bautista, on the other hand, issued a stern warning to everyone not to fall prey to scams like this because his administration does not condone any illegal activities. The post DOTr liaison poser nabbed for usurpation, estafa appeared first on Daily Tribune......»»
Teves eyes remedies for terror designation
Available remedies are being eyed by the camp of suspended Negros Oriental Representative Arnolfo “Arnie” Teves Jr. after the Anti-Terrorism Council or ATC designated the lawmaker as a terrorist. Atty. Ferdinand Topacio, counsel of Teves, said they had expected the designation as it was mentioned earlier by Justice Secretary Jesus Crispin Remulla. “On our part, we were just waiting for a formal declaration by the ATC so we can file the appropriate remedies, either administrative or court,” Topacio said. On 26 July, ATC Resolution Number 43 was approved and was signed by Executive Secretary Lucas Bersamin designating Teves, his brother former governor Pryde Henry Teves, and 11 others as terrorists over several alleged killings and harassment in Negros Oriental. The ATC said their violations included committing terrorism; planning, training, preparing, and facilitating the commission of terrorism; recruitment to and membership in a terrorist organization; and providing material support to terrorists. With the designation, the Anti-Money Laundering Council froze Representative Teves’ assets. “The Anti-Money Laundering Council’s issuance of a freeze order was based on the Anti-Terrorism Act’s Section 25 in relation to Section 36,” AMLC legal officer Luis Anthony Warren said at a Palace press briefing. He added: “Upon the designation of an individual or organization, it is ministerial upon the part of the Anti-Money Laundering Council to issue an ex parte order to freeze without delay the assets of the subjects in this case. So, that’s all.” Topacio said their camp had no knowledge yet of the matter but that they would have remedies for it under the law. The solon was tagged as the mastermind of the assassination of the late Negros Oriental Governor Roel Degamo on 4 March which also left nine others dead and several wounded. Degamo’s widow, Pamplona town Mayor Janice Degamo, said the designation of Teves as a terrorist gave hope and a sense of security to the people of Negros Oriental and it vindicated the victims who had given their testimonies. Light at the end of tunnel She said they are seeing the light at the end of a dark tunnel, and this will have a ripple effect. Meanwhile, DoJ Assistant Secretary and spokesperson, Atty. Mico Clavano, yesterday said all the assets, including bank deposits, of Rep. Teves, his brother Henry, and the 11 other persons designated as terrorists are expected to be frozen within the week. Clavano said this type of process is meant to be quick “precisely because we want to prevent the dissipation of assets.” Also designated terrorists, aside from the Teves brothers, were Marvin H. Miranda, Rogelio C. Antipolo, Rommel Pattaguan, Winrich B. Isturis, John Louie Gonyon, Dahniel Lora, Eulogio Gonyon Jr., Tomasino Aledro, Nigel Electona, Jomarie Catubay and Hannah Mae Sumero Oray. Clavano, who is also the ATC deputy spokesperson, said the council will issue a Sanction Freeze Order or SFO to banks relative to all assets of the designees. The post Teves eyes remedies for terror designation appeared first on Daily Tribune......»»
PNP-ACG beefs up drive vs cybercrime
The Philippine National Police Anti-Cybercrime Group or PNP-ACG on Monday vowed to step up its campaign against cybercrimes, like scams and fraud, through a massive information dissemination. This according to PNP-ACG Director Brig. Gen. Sidney Hernia following increased cybercrime incidents in Metro Manila. Records showed 6,250 reported incidents of cybercrime from January to June this year, reflecting an increase of 152 percent compared to 2,477 incidents in the same period last year. “What we are doing as far as PNP is concerned is that we really have to address these different forms of scams. We have to invest more in massive information dissemination, and awareness of the public. They don’t know that the message sent to them is a scam like a link saying that bank details should be updated,” Hernia told reporters during a press briefing at Camp Crame. He lamented that many people were naïve and clueless. He said the PNP has tapped stakeholders, like mobile wallet provider GCash, for intensified information dissemination as part of its corporate social responsibility. GCash is among the commonly used platforms by scammers. There is a need to conduct training to boost cybercops’ investigation skills and to procure more equipment. The post PNP-ACG beefs up drive vs cybercrime appeared first on Daily Tribune......»»
Israel ends West Bank raid
Israel withdrew its troops from the occupied West Bank on Wednesday after dismantling militants’ explosive factories and operational situation rooms, and seizing large quantities of weapons in a refugee camp there. The two-day raid of Jenin killed a dozen Palestinians and one Israeli soldier, an Israel military spokesperson told Agence France-Presse. Prime Minister Benjamin Netanyahu ordered the raid on Monday that saw hundreds of troops deployed, drone strikes and army bulldozers ripping up streets in Jenin. Israel’s army also said it had uncovered militant hideouts, arms depots and an underground shaft used to store explosives. Meanwhile, Israel launched air strikes on the Gaza Strip on Wednesday, in retaliation for five rockets fired from the blockaded Palestinian territory. A Palestinian security source said the attack hit a military site of the militant group Hamas in northern Gaza but caused no injuries. Israel has occupied the West Bank since the Six-Day War of 1967. Excluding annexed east Jerusalem, the territory is now home to around 490,000 Israelis in settlements considered illegal under international law. The Palestinians, who seek their own independent state, want Israel to withdraw from all land it seized in 1967 and to dismantle all Jewish settlements. WITH AFP The post Israel ends West Bank raid appeared first on Daily Tribune......»»
Israeli drone strikes kill 5
The Israeli army launched drone strikes in the occupied West Bank neighborhood of Jenin on Monday as part of an “extensive counterterrorism effort,” killing five residents. Two weeks prior, an Israeli army raid in the Jenin refugee camp resulted in the rare use of helicopter missile fire, killing seven people. Israel has stepped up operations in the northern West Bank, home to Jenin city and its adjacent refugee camp, which is a stronghold of Palestinian armed groups. There has been a spate of attacks on Israelis, as well as attacks by Jewish settlers on Palestinian communities in Jenin. The Palestinian health ministry said that in Monday’s operation, five people were killed and 27 injured. “There is bombing from the air and an invasion from the ground,” Mahmoud al-Saadi, director of the Palestinian Red Crescent in Jenin, told AFP. “Several houses and sites have been bombed... smoke is rising from everywhere.” The Israeli army said its forces had struck a “joint operations center,” which served as a command post for the “Jenin Brigade,” a local militant group. The area is nominally under the control of President Mahmud Abbas’s Palestinian Authority, which has partial administrative control in the West Bank. An “observation and reconnaissance” site, a weapons storage facility, and a hideout for individuals allegedly responsible for recent attacks on Israeli targets were all targets of the early-Monday operation, according to the army. Violence between Israelis and Palestinians has gotten worse since the beginning of last year. This is true even under Prime Minister Benjamin Netanyahu’s new government, which came to power in December and is made up of his Likud party and extreme-right and ultra-Orthodox Jewish allies. Netanyahu’s coalition contains hardline settlers, including extreme-right National Security Minister Itamar Ben-Gvir. “People were aware that we were probably going in but the method of striking from the air and our target was right in the core of the camp basically caught them by surprise,” army spokesman Richard Hecht told reporters in an online briefing. “We are still inside the camp. We are still seizing weapons and ammunitions” and “infrastructure” He said the army was after “specific targets” and “not trying to hold ground.” There was no specific timeline as to when the ongoing operation would end, Hecht said, adding its primary focus is on the Jenin camp. “The aerial platforms were UAVs (unmanned aerial vehicles),” Hecht said, adding it was a “brigade level” operation. Israel has occupied the West Bank since the Six-Day War of 1967. The post Israeli drone strikes kill 5 appeared first on Daily Tribune......»»
Korean fugitive Arrested at NAIA
The Bureau of Immigration (BI) at the Ninoy Aquino International Airport (NAIA) arrested a South Korean fugitive wanted for involvement in telecommunications fraud in South Korea. In a report given to BI Commissioner Norman Tansingco, the BI Border Control and Intelligence Unit (BI-BCIU) identified the arrested fugitive as Jeon Jihoon, 37, who was intercepted on June 2 at the NAIA 1 terminal upon his arrival via China Eastern Airways flight from Shanghai, China. BI-BCIU Deputy Chief for Operation Joseph Cueto said that his men arrested the Korean after the BI officer who processed him noticed that Jeon's name was on the Interpol hit list of wanted foreign fugitives. Cueto added that after conferring with the BI Interpol unit, the immigration supervisors on duty were able to confirm Jeon's identity as the same person whose name registered a hit in the Interpol database. Jeon was later brought to the BI Warden Facility in Camp Bagong Diwa, Taguig, pending deportation proceedings. Tansingco has reportedly ordered that the Korean immediately undergo deportation for being an undesirable alien, so he could be sent back to Korea to stand trial for his alleged crime. He will then be placed on the immigration blacklist, which will ban him from entering the country in perpetuity. According to Interpol’s National Central Bureau (NCB) in Manila, Jeon was charged with telecom fraud before the Busan District Court in South Korea and issued a warrant of arrest on Feb. 24 last year against him. Jeon is accused of allegedly being a member of a voice phishing syndicate that impersonates himself as an agent of financial institutions by making random calls to other victims who are promised huge returns on their money. Hundreds of victims were reportedly lured into the scheme and enticed to deposit money, totaling more than 4.5 billion won, or roughly US$3.5 million, into the syndicates’ bank accounts. The post Korean fugitive Arrested at NAIA appeared first on Daily Tribune......»»
Wanted Korean intercepted at NAIA
The Bureau of Immigration at the Ninoy Aquino International Airport has arrested a Korean national wanted for a string of criminal cases in his country. In a report given to BI Commissioner Norman Tansingco, BI Intelligence Division chief Fortunato Manahan Jr. identified the arrested passenger as Kim SeonJeong, who was intercepted at NAIA Terminal 3 on 27 May. Manahan said that Kim had just arrived in the country via a Cebu Pacific flight from Ho Chi Minh City, Vietnam, when he was accosted by elements of the BI Border Control and Intelligence Unit at the airport. BI supervisors alerted the BCIU agents after the immigration officer who processed Kim upon his arrival discovered that his name was included in the Interpol database. Tansingco immediately ordered the conduct of summary deportation proceedings against Kim to stand trial for his crimes. Information obtained from Interpol’s National Central Bureau in Manila revealed that Kim is a convicted felon and is wanted in Korea to serve his sentence for fraud, inflicting physical injuries and drunken driving. Korean authorities said that in October 2018, Kim defrauded a compatriot by enticing the victim to give him 30 million won, or nearly US$23,000, which he would pay in the amount of 100 million won within three months. Kim claimed that he would invest the funds in the casino business, but he reneged on his promise and instead pocketed the money that the victim had deposited in his bank account. It also reported that Kim presented a Korean passport, which was already reported as a stolen and lost travel document to the Interpol. The suspect is presently detained at the BI Warden Facility in Camp Bagong Diwa, Taguig City, pending deportation proceedings. The post Wanted Korean intercepted at NAIA appeared first on Daily Tribune......»»
UnionBank recognized for IP Awareness and Protection
At the culminating activity of National Intellectual Property Month, the Intellectual Property Office of the Philippines recognized the UnionBank of the Philippines for its support for intellectual property awareness and protection. The 2023 Gawad Yamang Isip Awards and Fashion Night, themed “Women and IP: Accelerating Innovation and Creativity,” was held at The Manila Hotel last 26 April 2023. It highlighted the IP protection of Filipino textiles and fabrics through a fashion showcase. UnionBank was presented with a plaque of recognition for its partnership with (IPOPHL) in championing the protection of digital innovation technology intellectual properties. UnionBank’s senior vice president and head of Blockchain and API Business Group, Metaverse Center of Excellence and Government Projects, Catherine Anne Bautista-Casas, accepted the citation for the bank. “One thing we always talk about at the UnionBank Innovation Camp is that, for us, IP patents aren’t just legalities or papers on the wall… it represents the creative ideas of our employees and the values that we had established as a bank when we decided not just to digitize, but innovate,” Casas said. “When we innovate, we don’t just create something for our customers. We promote our society’s development, give people opportunities to create new things, and inspire other companies to do the same.” “As a digital innovator, IP protection is important to us, naturally, because of the numerous patents we file for our solutions and products. But more than that, IP protection safeguards employees’ ideas, who work hard to develop solutions that greatly benefit our customers,” Casas shared. “Whether in technology, science, engineering, or the arts…IP protection gives creators the credit they deserve for their societal contributions.” The 2023 Gawad Yamang Isip Awards and Fashion Night, attended by other distinguished guests, including Sen. Maria Imelda Josefa Remedios “Imee” Romualdez Marcos and Department of Trade and Industry Secretary Alfredo E. Pascual, was meant to underscore the importance of IP protection in the creative industry and emphasize the significance of IP about the country’s social, cultural, economic and technological development. UnionBank is known for its digital banking innovations. It was the first to introduce numerous industry solutions like selfie banking, an open-source application programming interface platform, and the country’s first-ever fully digital and paperless banking branch, The Ark. UnionBank has consistently been introducing innovative solutions that continue redefining how Filipinos view banking. With the bank’s expertise in a wide range of emerging technologies, including data science, artificial intelligence and machine learning, blockchain, cloud computing, and extended reality, UnionBank is on the way to building a digital banking dynasty as it has collected numerous awards including a 6-time Best Digital Bank recognition from The Asset among others. The post UnionBank recognized for IP Awareness and Protection appeared first on Daily Tribune......»»
Gaza ceasefire takes effect after five days of deadly fighting
A ceasefire took effect in and around the Gaza Strip on Saturday after five days of cross-border exchanges that have killed at least 33 Palestinians in Gaza and two people in Israel. The truce was due to take effect at 1900 GMT, Egyptian and Palestinian sources said. But in the final 30 minutes running up to 1900 GMT, dozens of rockets were fired from Gaza towards Israel, prompting renewed air strikes, AFP correspondents in the territory said. Most of the rockets were intercepted by Israeli air defences. Egypt, a longtime mediator in Gaza, secured the agreement of both Israel and the Palestinian militant group Islamic Jihad to its latest ceasefire proposal, an Egyptian security official said. "Israel's National Security Adviser Tsahi Hanegbi... thanked Egyptian President Abdel Fattah al-Sisi, and expressed the State of Israel's appreciation for Egypt's vigorous efforts to bring about a ceasefire," a statement from the Israeli prime minister's office said. He said Israel's response to the Egyptian initiative means "quiet will be answered by quiet, and if Israel is attacked or be threatened it will continue to do everything it needs to do in order to defend itself". A Palestinian source confirmed Islamic Jihad's agreement. "We want to thank Egypt for its efforts," Islamic Jihad political department official Mohammad al-Hindi told AFP. He has been in Cairo since the fighting erupted on Tuesday. On Saturday, Israel had again pounded Gaza with air strikes targeting the Palestinian militant group Islamic Jihad following a new barrage of rocket fire into Israel to mark the funeral of its military commander Iyad al-Hassani, who was killed on Friday. 'What have we done?' For days, life in Gaza and in Israeli communities near the border has been a daily routine of air strikes and sirens warning of incoming rocket fire. Residents in the crowded Gaza Strip cowered indoors as the fighting raged, with streets empty and only a few shops and pharmacies open. "The whole Palestinian people are suffering," Muhammad Muhanna, 58, told AFP in the ruins of his home. "What have we done?" In Deir al-Balah in the central Gaza Strip, a dead donkey lay in the ruins of a row of buildings levelled in an Israeli strike. "No one is safe in their homes," said Imad Rayan, 64. A spokesman for the interior ministry in Gaza said on the final day of its campaign the Israeli military had concentrated on "targeting civilians, residential and civilian buildings". There had been mounting calls for a ceasefire to be agreed, including from Israel's closest ally, the United States. US Deputy Secretary of State Wendy Sherman, in a call to Israeli Strategic Affairs Minister Ron Dermer, "stressed the urgency of reaching a ceasefire agreement in order to prevent any further loss of civilian life", the State Department said. Egypt had kept up its mediation effort despite repeated setbacks. On Saturday, shrapnel from a rocket fired from Gaza hit a building site in Sdot Negev, just over the border into Israel, killing one man and wounding another. Both were day labourers from Gaza. Islamic Jihad said its fighters were pursuing "missile strikes on Israeli cities" in revenge for Israeli "assassinations" of their commanders and strikes on populated areas. The exchange of fire came after the Palestinian health ministry reported the death of two men aged 19 and 32 in an Israeli army raid on a refugee camp in the occupied West Bank city of Nablus. The Fatah movement of Palestinian President Mahmud Abbas said the two men killed in the raid were members of its armed wing, the Al-Aqsa Martyrs Brigades. Deadliest fighting since August The current bout of violence erupted on Tuesday when Israeli strikes on Gaza killed three leading Islamic Jihad members. Three other senior figures from the Palestinian militant group were killed in later strikes. They are among at least 33 lives lost in the fighting inside Gaza, according to the territory's health ministry. There have been two deaths in Israel, one of them the Gazan day labourer. The army said nearly 1,100 rockets had been fired from Gaza towards Israel in the current fighting, including 300 intercepted by its air defences. Gaza, a coastal enclave that is home to 2.3 million Palestinians, has been plagued by poverty and unemployment since Israel imposed a blockade in 2007 when the Islamist movement Hamas took control. The territory has seen numerous wars between militant groups and Israel since the Hamas takeover. This week's fighting was the worst in the Israeli-Palestinian conflict since an August flare-up that killed nearly 50 Palestinians. The conflict has escalated since veteran Israeli politician Benjamin Netanyahu returned to power late last year, heading a coalition with the extreme right and ultra-Orthodox parties. The post Gaza ceasefire takes effect after five days of deadly fighting appeared first on Daily Tribune......»»
Wanted Japanese ‘thief’ collared
The Bureau of Immigration announced the arrest of a Japanese national who is wanted in Tokyo for involvement in financial fraud. BI Commissioner Norman Tansingco identified the fugitive as Sato Shohei, who was nabbed last 24 April in Pasay City by the BI Fugitive Search Unit operatives. Tansingco said the arresting agents were armed with a warrant, which he issued pursuant to a summary deportation order that the BI Board of Commissioners issued against Shohei in February this year. The BI chief added that suspect was ordered deported after Japanese authorities sought their assistance in locating and arresting Shohei, whose name was already placed on the immigration blacklist. BI-FSU acting chief Rendel Ryan Sy, meantime, disclosed that Shohei was issued an arrest warrant by a summary court in Tokyo, where a case for theft was filed against him in October last year. Japanese authorities have reportedly alleged that Shohei conspired with several other accomplices to steal money from the bank accounts of victims whose ATM cards they obtained by misrepresenting themselves as police officers or financial service agency representatives. The fugitive is currently detained at the BI warden facility in Camp Bagong Diwa, Taguig City while awaiting deportation The post Wanted Japanese ‘thief’ collared appeared first on Daily Tribune......»»
Israeli forces shoot 7 in West Bank raid
Seven Palestinians were injured in an Israeli army operation in the occupied West Bank, the Palestinian health ministry said Tuesday, hours after two Israeli men were injured by gunfire near a Jewish site in annexed east Jerusalem. The shooting comes amid a period of deadly attacks and military raids across the West Bank, along with killings in Israel. The Palestinian ministry reported six people with "minor injuries from live fire" had gone to Jenin governmental hospital, while another person shot had been admitted to a nearby hospital following the raid in the northern West Bank city. A statement from the Israeli military confirmed that an operation was underway in the Jenin refugee camp, without giving further details. Earlier Tuesday, Israeli authorities said a suspected Palestinian gunman had wounded two Israeli men in the Sheikh Jarrah neighbourhood of east Jerusalem after firing at their car. "Police officers are at the scene conducting searches for the suspect who fled," the police said in a statement. Israeli security forces closed off streets in the neighbourhood, where an AFP journalist saw officers entering a Palestinian home, with a drone and helicopter as well as police dogs aiding the search. Officers enforcing the shutdown prevented cars and people from moving in the centre of the neighborhood, as heavily armed forces combed the area. Police announced they had found the perpetrator's gun near the scene of the attack, which took place near the tomb of Simeon the Just -- Shimon Hatzadik in Hebrew -- a site frequented by religious Jews. The weapon was identified as a Carlo makeshift submachine gun, which Palestinians manufacture in the West Bank. Hadassah Hospital said they received a 48-year-old gunshot victim lightly wounded, and Shaare Zedek medical centre said it was treating a man in his 50s in moderate condition. The search was punctuated by the 10:00 am (0700 GMT) two-minute siren marking Israel's Holocaust Remembrance Day, honouring more than six million Jews killed by the Nazis during World War II. Jerusalem mayor Moshe Lion, speaking at a city hall ceremony, said one of the Holocaust's main lessons was "to never be helpless in the face of those seeking to harm us". Later in the morning, most of the security forces had left Sheikh Jarrah, with roads reopened and traffic flowing as normal, the AFP journalist said. Sheikh Jarrah was the focal point of protests against the eviction of Palestinian residents by Israeli settler organisations in the build up to and during the May 2021 war between Israel and Gaza militants. It is also the site of a weekly Israeli demonstration against the occupation of the Palestinian territories. The attack took place a day after a Palestinian woman stabbed and moderately wounded an Israeli man at the Gush Etzion junction in the southern West Bank. The woman was shot by security forces and taken to hospital in moderate condition. The conflict has this year claimed the lives of at least 96 Palestinians, 19 Israelis, one Ukrainian and one Italian, according to an AFP count based on Israeli and Palestinian official sources. These figures include, on the Palestinian side, combatants and civilians, including minors, and on the Israeli side, mostly civilians, including minors, and three members of the Arab minority. The post Israeli forces shoot 7 in West Bank raid appeared first on Daily Tribune......»»
ED attaches asset worth Rs 70 lakh in bank fraud implicating Hyderabad-based Jasleen Enterprises
New Delhi [India], March 28 (ANI): The Directorate of Enforcement (ED) has attached an immovable property valued at Rs 70 lakh in a bank fraud case involving Jasleen Enterprises headquartered in Hyderabad. The Hyderabad division of the ED attached the fixed asset in accordance with the stipulations outlined in the Prevention of Money Laundering Act (PMLA) of 2002. ED initiated investigation on the basis of First Informati.....»»
ANZ raises Philippine inflation forecast to 3.8% this year
ANZ Research hiked its inflation forecast for the Philippines to 3.8 percent this year, from 3.5 percent previously, as risks may drive inflation up to above the central bank’s two to four percent target in the coming months......»»