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JBIC’s environmental compliance arm to investigate bank’s LNG activity in Verde Island Passage
The Examiner for Environmental Guidelines of the Japan Bank for International Cooperation (JBIC) is set to commence an investigation for potential violations by the bank in relation to its support to the Atlantic Gulf & Pacific Company (AG&P), which built a liquefied natural gas import terminal in the biodiversity hotspot known as the Verde Island […].....»»
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 to issue new guidelines for MSBs
The Bangko Sentral ng Pilipinas is finalizing a new regulatory framework for money service businesses to ensure that risks remain manageable amid the evolving industry......»»
SEC strengthens push for sustainable finance
The Securities and Exchange Commission has reinforced its push for sustainable finance through the adoption of the country’s taxonomy guidelines......»»
IPOPHL issues fair use rules for copyright law
The Intellectual Property Office of the Philippines has released the fair use guidelines for Filipino creatives, educators and innovators on intellectual property rights......»»
Al-ag proposes to repeal ordinance requiring delivery riders biz permits
Davao City Councilor Bernie Al-ag has proposed the repeal of an ordinance that requires delivery riders to obtain business permits. The ordinance in question, City Ordinance 0612-21 series of 2021, classified delivery riders as independent service contractors, mandating them to apply for business permits. However, a joint memorandum circular issued by various government agencies exempts individuals providing personal services, including delivery riders, from securing business permits. Al-ag emphasized that the city government must adhere to the guidelines set forth in the memorandum. While the proposed repeal is pending, Al-ag advised delivery riders to comply with the existing ordinance. He expressed confidence in the passage of the repeal, citing the solid basis provided by the joint memorandum. Despite a group of delivery riders seeking an audience with Davao City Mayor Sebastian Duterte on the matter, Al-ag's proposal was drafted in response to a separate petition. He clarified that the repeal is not about monetary collection but aligning with national law, which exempts delivery riders from obtaining business permits. Al-ag remains optimistic about the repeal's approval, pointing to the support provided by the joint memorandum as a strong foundation for his proposal......»»
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......»»
DA to draft procurement guidelines for agricultural crises
The Department of Agriculture announced on Wednesday that they are in the process of drafting the Implementing Rules and Regulations for a law clause, seeking to stabilize necessities and commodities supply while protecting consumers from unjustified price hikes during food shortages......»»
‘NOW plea to nullify NTC circular still pending before CA’
The petition of NOW Telecom Co. Inc. to have the National Telecommunications Commission bidding guidelines for the entry of a new major player in the telco industry declared unconstitutional is still pending before the Court of Appeals, the company said yesterday......»»
EXPLAINER: When does a minor become criminally liable for an offense?
The Supreme Court issues guidelines in its latest decision involving a minor found guilty of homicide.....»»
SC sets guidelines for determining children s discernment in criminal acts
Children are not always assumed to have the ability to make sound judgments in criminal offenses, the Supreme Court said......»»
DBM releases P49.8 billion social pension for indigent seniors
The Department of Budget and Management has released nearly P50 billion in social pension for more than four million senior citizens in the country......»»
AIADMK releases first list of 16 candidates for Lok Sabha polls
Chennai (Tamil Nadu) [India], March 20 (ANI): AIADMK on Wednesday released its first list of 16 candidates for the upcoming Lok Sabha Elections 2024. The list was released by the party general secretary, Edappadi K Palaniswami. While releasing the list, he said that five constituencies have been allocated to the DMDK; and one each to Puthiya Tamilagam and SDPI. "In the AIADMK alliance, DMDMK is to contest in 5 seats, SDPI.....»»
Comelec releases withdrawal form for PI signatures
Withdrawal forms are now available for those intending to take back their signatures gathered in a signature drive by proponents of the people’s initiative to amend the 1987 Constitution......»»
PBBM releases P265M for flood, landslide victims
President Ferdinand R. Marcos Jr. has ordered the release of around P265 million to augment the relief assistance for the families affected by the recent flooding and landslides in Mindanao......»»
Mandaue City cops to undergo refresher training on checkpoints
MANDAUE CITY, Philippines — The Mandaue City Police Office (MCPO) will conduct a refresher training for station personnel regarding the conduct of checkpoints. MCPO Spokesperson, Police Lieutenant Colonel Mercy Villaro, said that they will conduct refresher training just to remind them of the guidelines and procedures in implementing police operations, especially checkpoints. Villaro said that.....»»
Guidelines for IPO cornerstone investors issued
The Securities and Exchange Commission has set the guidelines for cornerstone investors in initial public offerings as part of its continuing efforts to boost investor participation in the capital market......»»
DGCA s new guidelines mandate seats for children below 12 years near parents
New Delhi [India], April 23 (ANI): The Directorate General of Civil Aviation (DGCA) has implemented amendments to improve child seating arrangements in airlines. Now DGCA mandates the airlines to provide seats to children under age 12 near to at least one of the parent or guardian. The circular by DGCA now mandates airlines to allocate seats for children up to the age of 12 years with at least one of their parents/guardia.....»»
Boy, Alan, Pia nahirapang resolbahan ang reklamo tungkol sa pamboboso
“WE can’t really judge, we can just give guidelines,” ang sabi ni Sen. Alan Peter Cayetano sa episode ng “CIA with BA” nitong Linggo, Abril 14. Sa segment na “Case 2 Face,” dumulog si Mary Jane kasama ang asawang si June tungkol sa diumano’y paulit-ulit na pamboboso ng kapitbahay na si Jeric habang siya ay.....»»
No lottery in PBA draft
A plan to hold a special no-order, computer-generated lottery for PBA draft applicants who would’ve been eligible to join at least four years earlier isn’t pushing through after all. According to PBA commissioner Willie Marcial, any change in format will require approval from the Board of Governors and for the moment, the guidelines for the draft on July 14 remain the same as before, meaning the order will follow the reverse standings of the teams the previous season unless slots are traded......»»