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Bunye: BSP changes FX rules for foreign investments to make them easier

Bunye: BSP changes FX rules for foreign investments to make them easier.....»»

Category: newsSource:  sunstarRelated NewsApr 21st, 2024

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......»»

Category: newsSource:  sunstarRelated NewsJan 15th, 2024

DSWD warns 4Ps benes anew vs loan sharks, cash card pawning

The Department of Social Welfare and Development (DSWD), through the Pantawid Pamilyang Pilipino Program‘s (4Ps) National Program Management Office (NPMO), reminded all 4Ps beneficiaries to stop engaging with loan sharks or pawning their cash cards. “Nag-iispot check kami during the family development sessions na dapat dala nila [4Ps beneficiaries] ang ATM, dahil bawal yun. They […].....»»

Category: newsSource:  journalRelated NewsFeb 4th, 2024

Citing importance of internet connectivity, group urges lifting of lease fees for telcos

A consumer group has called to suspend the lease fees for telecommuncations companies, saying that internet connection in the digital era is a basic necessity......»»

Category: newsSource:  philstarRelated NewsMay 5th, 2024

SEC awaits ARTA study on proposed higher fees

The Securities and Exchange Commission is ready to implement the proposed hike in charges and fees as soon as it passes the regulatory impact assessment of the Anti-Red Tape Authority......»»

Category: financeSource:  philstarRelated NewsMay 1st, 2024

I feel like a criminal for quitting- nurses in the US fight stay or pay agreements - US healthcare

Filipino nurses for Ohio-based company say they have been forced to pay thousands in fees after signing training contracts Filipino nurses are calling for the USs top labor watchdog to review controversial stay or pay training repayment agreement provisions that have left them facing lawsuits and thousands of dollars in fees after they quit their jobs. Training repayment agreement provisions (Trap) are contracts employers.....»»

Category: newsSource:  manilanewsRelated NewsApr 18th, 2024

Globe seeks removal of lease fees on in-building telco facilities

Globe Telecom Inc. is seeking for the removal of lease fees on in-building telco facilities to support the push for inclusive connectivity......»»

Category: financeSource:  philstarRelated NewsApr 10th, 2024

Globe to property developers: Remove lease fees for in-building telco facilities

Globe to property developers: Remove lease fees for in-building telco facilities.....»»

Category: CCCCCCSource:  philstarRelated NewsApr 10th, 2024

Globe to property developers: Remove lease fees for in-building telco facilities

Globe to property developers: Remove lease fees for in-building telco facilities.....»»

Category: newsSource:  philstarRelated NewsApr 8th, 2024

Globe to property developers: Remove lease fees for in-building telco facilities

Globe to property developers: Remove lease fees for in-building telco facilities.....»»

Category: newsSource:  philstarRelated NewsApr 8th, 2024

Capitol’s share from terminal fees increases

Capitol’s share from terminal fees increases.....»»

Category: newsSource:  sunstarRelated NewsMar 21st, 2024

United Kingdom offers scholarships for ASEAN women in STEM  

Under the ASEAN-UK SAGE scholarship program by the U.K. government, women who want to pursue a master’s degree in STEM will receive support in tuition fees, stipends, travel costs, visas, and health coverage fees......»»

Category: newsSource:  philstarRelated NewsFeb 28th, 2024

SEC pushing through with higher filing fees

The Securities and Exchange Commission is hoping to push through with the proposed hike in charges and fees this year after it was met with opposition by business groups last year......»»

Category: financeSource:  philstarRelated NewsFeb 13th, 2024

IC collects over P500 million fees in 2023

The government collected more than P500 million in registration and supervision fees from insurance firms last year......»»

Category: financeSource:  philstarRelated NewsJan 28th, 2024

Bill seeks to waive review fees for indigents

A bill seeking to exempt indigent individuals from paying the review fees for board and Bar examinations on their first take have been jointly filed by five members of the House of Representatives......»»

Category: newsSource:  philstarRelated NewsJan 27th, 2024

Manila LGU extends deadline for applications for business permits and licenses, payment of taxes and fees

Manila Mayor Honey Lacuna announced that the city government has extended the deadline for the filing of applications of business permits and licenses as well as the payment of taxes and fees. This, according to Lacuna, is meant to give business owners and the taxpayers of Manila more time to settle their dues. The mayor […].....»»

Category: newsSource:  journalRelated NewsJan 24th, 2024

EDITORIAL — Pass-through fees

If the administration wants to tackle inflation and improve ease of doing business, it should scrutinize one of the contributors to high prices particularly of agricultural commodities, and a long-standing complaint of businessmen: pass-through fees collected from delivery trucks......»»

Category: newsSource:  philstarRelated NewsJan 22nd, 2024

Landbank continues to waive transfer fees below P1,000

In an advisory, Landbank said it will continue to waive fees for fund transfers to other banks sent through InstaPay and PESONet as long as it is below P1,000......»»

Category: newsSource:  philstarRelated NewsJan 17th, 2024

BSP logs 40K complaints relating to financial consumer protection; only 5% come from Mindanao

SINCE the effectivity of the Financial Consumer Protection Act (Republic Act 11765) in June 2022, the Bangko Sentral ng Pilipinas (BSP) has logged more than 40,000 complaints from customers of different BSP-supervised financial institutions from all over the Philippines. Of this number, only around 5 percent come from Mindanao, implying the Mindanaoans' unawareness of the law......»»

Category: newsSource:  sunstarRelated NewsApr 1st, 2024

BSP Governor Eyes Potential Rate Cut as Inflation Eases

In a recent interview, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. hinted at a potential rate cut later this year, signaling optimism amid the nation’s economic landscape. While cautious about the first semester, Remolona remains watchful, stating that the move could come “within the year.” The BSP, responding to escalating inflation, had hiked […].....»»

Category: newsSource:  metrocebuRelated NewsJan 30th, 2024