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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......»»
Japanese national nabbed for ‘lewd act’ released after posting bail
LAPU-LAPU CITY, Cebu – A Japanese national, who was arrested for allegedly committing a lewd act while on a plane to Cebu, was released on Friday after he posted bail of P3,000. Police Lieutenant Colonel Christian Torres, spokesperson of the Lapu-Lapu City Police Office (LCPO), said that the 20-year-old suspect was charged for the violation.....»»
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......»»
PH Remains One of the Fastest Growing Economies in East Asia and Pacific, World Bank Says
The World Bank retains its positive outlook on the Philippine economy despite foreseen challenges. According to their April 2024 East Asia and Pacific Economic Update, the World Bank projects a 5.8 percent economic growth for the Philippines this year — the East Asia and Pacific region’s second fastest-growing economy. Moreover, the said update also adjusted […].....»»
NewJeans prepares for comeback with Japanese debut, teases world tour
K-pop girl group NewJeans is gearing up for a number of comeback projects this year, including a Japanese debut eyed to kick off a world tour......»»
NegOcc LGUs to form technical working groups for water security plan
NegOcc LGUs to form technical working groups for water security plan.....»»
Producers Savings Bank acquires Leyte rural bank
Producers Savings Bank Corp. has completed its merger with one more rural bank, bolstering the bank’s assets and profit growth via its branch network expansion......»»
UnionDigital Bank revenue grows to over P5 billion
UnionDigital Bank, the digital banking arm of Aboitiz-led Union Bank of the Philippines, saw its revenue grow to over P5 billion in 2023 mainly driven by higher deposits and loans......»»
Carcar rape: Bank employee claims 17-year-old girl flirted with him
CEBU CITY, Philippines – The two bank employees, who were accused of raping a 17-year-old girl in Carcar City, Cebu on Friday, had refuted the victim’s allegations against them. Bank account officer Chandie Canadalla alleged that the girl asked him to accompany her to the bathroom and went along with his flirting. From the bathroom,.....»»
BPI renews alliance with Mizuho Bank
The Bank of the Philippine Islands has renewed its alliance with Japan’s Mizuho Bank Ltd., expanding and strengthening the scope of business cooperation between the two banks......»»
Worldwide Central Breaks Ground on Vitale Suites, Bringing Singapore-inspired Living to Mandaue
Worldwide Central Properties, Inc. proudly unveiled its latest venture, Vitale Suites, during a groundbreaking ceremony that marked the beginning of a new era for mixed-use residential and hotel developments in Mandaue City. Vitale Suites aims to redefine the landscape of urban living by bringing Singapore-inspired elegance to the heart of Mandaue. Worldwide Central Properties joined.....»»
BSP onboards OmniPay as 1st non-bank in settlement platform
The Bangko Sentral ng Pilipinas has onboarded OmniPay Inc. in the roster of financial institutions that settle high value transactions safely and instantly through the central bank-owned and operated national payment system......»»
Biden to Host Japan PM Kishida, Philippines President Marcos
WASHINGTON - President Joe Biden will host Japanese Prime Minister Fumio Kishida and Philippines President Ferdinand Marcos Jr. for a White House summit next month amid growing concerns about North Korea's nuclear program, provocative Chinese action in the South China Sea and differences over a Japanese company's plan to buy an iconic American steel company.White House press secretary Karine Jean-Pierre in a sta.....»»
Vitor, PMI eyes rematch against Japanese tormentor
CEBU CITY, Philippines — Hard-hitting Boholano Virgel “Valiente” Vitor of the PMI Bohol Boxing Stable is gunning for a rematch against Japanese Toshihiro Suzuki after reclaiming the World Boxing Organization (WBO) Oriental super featherweight title. This was announced by his promoter and manager, Floriezyl Echavez Podot, the head of PMI Bohol Boxing Promotions. Podot made.....»»
Voltes V: Legacy, GMA-7 lauded for promoting Japanese pop culture
Director Mark Reyes V was flattered, while his stars, Radson Flores and Matt Lozano, were honored to be part of the show "Voltes V: Legacy," which received a commendation from the Japanese ambassador to the Philippines Kazuhiko Koshikawa......»»
Voltes V, Slam Dunk, Detective Conan lead Japanese Film Festival 2024 lineup
14 films will be screening for free at the 2024 Japanese Film Festival, which will take place in Manila, Cebu, Baguio, Iloilo and Davao......»»
Quezon City Public Library resumes free Japanese language classes
The Quezon City Public Library (QCPL) has relaunched its offering of free online basic Japanese language classes for 2024......»»
There are more singles than married couples in Central Visayas but…
CEBU CITY, Philippines – Did you know that there are more singles compared to married people in Central Visayas? In fact, there are more singles in the entire Philippines, based on the 2020 census, and Central Visayas, one of the most populous regions in the country, is no exception. State statisticians identified approximately 6.4 million.....»»
2.4M Dabawenyos working as of Oct 2023
The October 2023 Preliminary Employment report by the Philippine Statistics Authority-Davao Region (PSA-Davao) reveals that 64 percent of the 3.780 million Dabawenyos aged 15 and above are part of the labor force, indicating that 2.42 million individuals are employed. This represents a 1.8 percentage point increase from the previous year. The report also highlights a 97.1 percent employment rate in the Davao Region as of October 2023, with a 2.9 percent unemployment rate, lower than the national average. Despite this, the region still maintains the highest employment rate in the Philippines. Additionally, the report compares employment rates across different regions, with Soccsksargen, Barmm, Central Luzon, CAR, Caraga, Western Visayas, Cagayan Valley, Mimaropa, and Central Visayas surpassing the national average. The Bangsamoro Autonomous Region in Muslim Mindanao (Barmm) records the highest labor force participation rate among 17 regions, while the Zamboanga Peninsula has the lowest rate. The data is collected through the Labor Force Survey (LFS) conducted quarterly and monthly by the PSA central office and its regional statistical services offices. The Davao Region, with nearly 6 million inhabitants, remains the 7th most populous region in the country......»»
Jerusalem strips Japanese foe of WBC crown
Filipino boxer Melvin Jerusalem captured the WBC minimumweight championship after dealing Japanese foe Yudai Shigeoka his first professional loss last night in Nagoya, Japan......»»