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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......»»
COBI welcomes water district’s offer to negotiate
The Cagayan de Oro Bulk Water Inc. has welcomed the recent announcement of Cagayan de Oro Water District to negotiate to settle its unpaid obligations and water rate dispute......»»
P23.4 billion COVID-19 allowance claims still unpaid
At least P23.4 billion is still needed to pay the allowance of health workers who served during the COVID pandemic, according to the Department of Health......»»
Lawmaker pokes fun at unpaid domestic work traditionally done by women
'Handa na ‘yung laundry soap namin, handa na ‘yung mga plantsa namin, handa na ‘yung mantika at kaserola dahil isang buwan kaming maghuhugas, maglalaba, magsasampay, mamamalantsa, at magluluto sa aming mga tahanan,' Quezon 2nd District Representative David Suarez says in jest.....»»
Saudi Arabia: Migrant Workers Long Overdue Wages at Risk
(Beirut) - Representatives of two construction companies in Saudi Arabia announced recently that migrant workers will get their long overdue unpaid wages, but gaps in the repayment scheme puts the payments at risk, Human Rights Watch said today.Saudi authorities should ensure all former workers of these companies receive the full amount they.....»»
Saudi Arabia: Migrant Workers Long Overdue Wages at Risk
(Beirut) - Representatives of two construction companies in Saudi Arabia announced recently that migrant workers will get their long overdue unpaid wages, but gaps in the repayment scheme puts the payments at risk, Human Rights Watch said today.Saudi authorities should ensure all former workers of these companies receive the full amount they.....»»
SEC affirms P2M fine vs NOW Corp., CEO
The case concerns the alleged misleading disclosures of NOW Corp. on the supposed P2.6 billion unpaid obligation to the Philippine government......»»
Analysts paint rosier economic picture for 2024
The country’s strong economic growth is likely to be sustained this year on the back of rising exports and robust private consumption, according to the Department of Trade and Industry as well as private banks......»»
Filinvest, KMC answer rising demand for co-working spaces
Gotianun–led property developer Filinvest Land Inc. (FLI) is teaming up with global co-working space provider KMC Community Inc. to address rising demand for co-working spaces in the Philippines......»»
Global pathways driving Asian rising stars to reach golf’s promised land
The establishment of strategic alliances between many of the regional golf circuits and the DP World Tour has provided new impetus for Asia’s rising stars to shoot for coveted places in golf’s promised land, known otherwise as the PGA Tour......»»
Rising tennis talents eye top finish in PPS Paulino tourney
The Mayor Rolen Paulino Jr. National Juniors Tennis Championships kick off in Olongapo City Thursday, drawing the nation’s top and rising young talents to compete for honors and valuable ranking points across nine age categories......»»
Worker shortage, rising costs to slow healthcare growth
The expansion of the country’s healthcare industry may slow this year on rising costs and shortage of medical practitioners even as the demand for health services among Filipinos is on an uptrend......»»
The Rising Sun emerges in Davao City
The Rising Sun emerges in Davao City.....»»
Rising OPM stars owe spotlight to TikTok
For rising artists Lola Amour, Denise Julia, TONEEJAY, and Maki, TikTok undoubtedly played a vital role in making their songs become today’s biggest Original Pinoy Music hits......»»
BFAR: Fish population is simply rising
BFAR: Fish population is simply rising.....»»