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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......»»
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......»»
Choco too much for winless SGA
Like a cold-blooded assassin, Choco Mucho crushed Strong Group Athletics, 25-17, 25-15, 25-15, yesterday to remain unshakeable at the helm and inch closer to the semis of the PVL All-Filipino Conference at the PhilSports Arena......»»
Lady Tamaraws stay on semis hunt
The Far Eastern University Lady Tamaraws continue to inch closer to the last remaining Final Four spot of the UAAP Season 86 women’s volleyball tournament after sweeping the Adamson Lady Falcons, 25-19, 25-23, 25-23 Tuesday at the Smart Araneta Coliseum......»»
Lapu-Lapu killing: Construction worker stabbed dead by man with 23-inch bolo
LAPU-LAPU CITY, Cebu — A 52-year-old construction worker died after he was stabbed by another construction worker in Purok Thunder, Timpolok, Barangay Babag in Lapu-Lapu City on Sunday evening, March 10, 2024. The victim was identified as Victor Franco Tolo, with a live-in partner, a resident of the place. READ: Senior citizen hacked to death.....»»
Government borrowings inch up to P2.19 trillion
The Philippines slightly increased its borrowings to P2.19 trillion last year amid a high interest rate environment here and abroad, with the government almost hitting its entire financing program......»»
China 'Pushes the Boundaries' with its expanding borders
Beijing [China], February 13 (ANI): In late 2021, Chairman Xi Jinping famously told President Joe Biden, "Aggression or hegemony is not in the blood of the Chinese nation. Since the founding of the people's republic, China has never started a single war or conflict, and has never taken one inch of land from other countries." However, such a claim is demonstrably false, as China recklessly pushes forward its boundaries on.....»»
China 'Pushes the Boundaries' with its expanding borders
Beijing [China], February 13 (ANI): In late 2021, Chairman Xi Jinping famously told President Joe Biden, "Aggression or hegemony is not in the blood of the Chinese nation. Since the founding of the people's republic, China has never started a single war or conflict, and has never taken one inch of land from other countries." However, such a claim is demonstrably false, as China recklessly pushes forward its boundaries on.....»»
Political noises that hurt peace
Being sworn to uphold the 1987 Constitution when he became the highest elected official of the land, President Ferdinand “Bongbong” Marcos Jr. (PBBM) reiterated his commitment to never to allow dismemberment of Mindanao from the rest of the Philippines, nor diminish even a square inch of the country’s territory. During his Constitution Day speech last Thursday, PBBM vowed “to defend it against any and all threats, external and internal” even up to his dying breath......»»
Why mounting a 2024 plebiscite on charter change will be a daunting task for Comelec
Charter change advocates are eyeing a plebiscite this year to ratify their proposed amendment to the 1987 Constitution, but the Comelec says it doesn't have enough time, manpower, and resources to mount a nationwide vote, as the 2025 elections inch closer.....»»
Thanks to donors
We launched “Pasko Sa Enero” in partnership with the Philippine Sports Commission yesterday and we’re excited to choose the 20 winners to receive cash, food, basketballs, shirts, caps, portable bluetooth speakers, 8-inch and handyfans, smart cups, coffee press pots, umbrellas, travel trollies, laptop bags, cosmetics and a lot more during our awarding program on Sunday, Jan. 21, 10 a.m. at Starbucks Molito, Alabang.....»»
Power rates slightly inch up in January — Meralco
Meralco said that it will have a slight increase in power rates by P0.0846 per kiloWatt-hour (kWh) which brings the overall rate for a household to P11.3430 per kWh this month......»»
Cebu Daily Newscast: Fuel prices: Big time hikes for gasoline, diesel start Tuesday
Listen to Cebu Daily Newscast and get the latest stories in and around Cebu. Here’s what you need to know on Monday, February 19, 2024. Fuel prices: Big time hikes for gasoline, diesel start Tuesday Local oil firms have announced big-time increases in the pump prices of petroleum products effective on Tuesday, February 20, and.....»»
4 international films na babandera sa big screen ngayong Abril
MOVIEGOERS, excited na ba kayo sa mga bagong pelikula na ipapalabas ngayong buwan ng Abril? Nako, mala-roller coaster ride ang naka-lineup dahil iba-ibang genre ang mapapanood sa mga lokal na sinehan. Narito ang apat na international films na tiyak na hindi dapat palampasin: ‘Ghostbusters: Frozen Empire’ Sa darating na April 10, magbabalik sa big screen.....»»
4 international films na babandera sa big screen ngayong Abril
MOVIEGOERS, excited na ba kayo sa mga bagong pelikula na ipapalabas ngayong buwan ng Abril? Nako, mala-roller coaster ride ang naka-lineup dahil iba-ibang genre ang mapapanood sa mga lokal na sinehan. Narito ang apat na international films na tiyak na hindi dapat palampasin: ‘Ghostbusters: Frozen Empire’ Sa darating na April 10, magbabalik sa big screen.....»»