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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......»»
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......»»
Banks’ bad loans swell in 2023
The soured loans of Philippine banks picked up to 3.23 percent in 2023 from the almost two-year low in 2022, according to the Bangko Sentral ng Pilipinas......»»
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).....»»
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......»»
‘Philippine banks to ride wave of robust economic growth’
The projected robust economic growth this year could shape up into a better year for Philippine banks, S&P Global Ratings said......»»
Banks expect higher consumer, corporate loan demand in Q1
Despite the higher for longer interest rate scenario, Philippine banks still expect a stronger loan demand from companies and households in the first quarter of the year, according to the Bangko Sentral ng Pilipinas......»»
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......»»
BSP pursues reforms to modernize banks
The Bangko Sentral ng Pilipinas is pursuing policy reforms to modernize Philippine banks and ensure a sustainable, digital and inclusive banking future......»»
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......»»
Oliver crush na crush si Kim, wish makatrabaho sina Piolo at Kathryn
IPINAKILALA na sa media/vloggers ang hottie lawyer ng Cebu na si Oliver Moeller bilang talent ng Cornerstone Entertainment headed by Erickson Raymundo at Jeff Vadillo. Unang exposure ni Oliver sa “It’s Showtime” at kaya siya sumali pala sa “Expecially For You” segment ay dahil crush niya si Kim Chiu kaya tinutukso na agad siya sa.....»»
PAGASA warns of dangerous heat index in 11 areas on Black Saturday
PAGASA warned of heat indexes reaching "danger levels" in almost a dozen areas in the Philippines on Black Saturday, with continued exposure possibly causing heat cramps, heat exhaustion or heat stroke......»»
Razon unit strengthens exposure in water infrastructure
The Razon Group’s joint venture with a privately owned Australian construction company plans to beef up its presence in the water infrastructure space to support its growth in the coming years......»»
‘Social media partly to blame for teenage pregnancies’
Too much social media exposure is partly to blame for the alarming rise in teenage pregnancies in the country, the Commission on Population said yesterday......»»
Japanese firm to double stake in REDC
Japanese conglomerate Tokai Corp. will double its equity exposure in Repower Energy Development Corp., a subsidiary of Pure Energy Holdings Corp......»»
Bong hindi na keri ang butt exposure sa pelikula; CC6 tuloy ang pagtulong
BUKOD sa pinaplanong entry para sa Metro Manila Film Festival 2024, inaabangan na rin ng fans ang reunion movie nina Sen. Bong Revilla at Sharon Cuneta. Wala pang maibigay na mga detalye ang actor-public servant tungkol sa naturang proyekto pero wishing and hoping siya sa muling pagtatambal nila sa big screen ng nag-iisang Megastar. Pero.....»»
Job insecurity, climate change pose challenges in Philippines human development – UNDP
The lack of job security and the high exposure to climate and disaster risks are seen as challenges to the country’s economic growth and human development, making it necessary to make investments in climate resilience and education, according to the United Nations Development Program......»»
The Daily Guardian: Montgomery County Reports First Confirmed Measles Case Since 2005
Officials Warn of Potential Measles Exposure at One Children’s Plaza Dayton, OH – Health officials are urging individuals who visited the emergency department at One.....»»
Goorjian bats for exposure
Strong Group Athletics coaching consultant Brian Goorjian is convinced playing in EASL will improve the standards in the domestic leagues where the participating teams are seeing action and lead to raising the competitive level of national squads. .....»»
Anti-piracy IP code revision gains backing
A think tank is supporting the revision of the Intellectual Property Code to help crack down on piracy, noting the negative effects it causes on the country's economy and creative industry......»»