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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......»»
BSP collects P510 million via coin deposit machines
The Bangko Sentral ng Pilipinas has collected over half a billion pesos worth of coins as part of efforts to bring them back to circulation and address the shortage due to improper storage or disposal......»»
DA: P20/kilo rice remains a government aspiration
President Marcos’ election campaign pitch of P20 per kilo of rice remains an aspiration of the government, a Department of Agriculture official said......»»
Duterte: P20/K rice impossible
There is no way for rice prices to dip to P20 per kilo as promised by President Marcos, according to former president Rodrigo Duterte......»»
Rep. Wilbert Lee: P20 per kilo of rice still possible
CEBU CITY, Philippines — The promise of President Ferdinand Marcos Jr. to lower the price of rice to P20 per kilo remains doable if House Bill No. 9020 or the “Cheaper Rice Act” is passed into law, Agri Partylist Representative Wilbert Lee said. Under his proposed bill, Lee said that the government will have to.....»»
Imee: Romualdez ‘definitely’ behind P20 million for people’s initiative support
It was Speaker Martin Romualdez who was behind the distribution of cash amounting to as much as P20 million per district to bankroll the ongoing signature campaign as part of the people’s initiative for Charter change, Sen. Imee Marcos said yesterday......»»
Imee: P20 million offered per district for House Cha-cha
Up to P20 million was reportedly offered to each congressional district that could deliver by next week the needed number of signatures that support the Charter change being pushed in the House of Representatives, Sen. Imee Marcos said yesterday......»»
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......»»
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 […].....»»
BSP governor says February rate cut not likely
In statements made to the press, BSP Governor Eli Remolona said that due to the “numbers we are seeing” a rate cut “is not likely (on) February 15”, which is the next scheduled meeting date for the BSP’s Monetary Board......»»
Coin deposit machines log P577 million transactions
The value of transactions through the coin deposit machines deployed by the the Bangko Sentral ng Pilipinas is close to reaching the P600-million mark, as more and more Filipinos use the machines to deposit their idle coins......»»
Wasting our resources
I can with all honesty attest to the fact that during my entire career as a business journalist, we as a nation continue to waste our natural resources and that our farmers, miners, loggers, fishermen and most of the working population do not properly exploit the benefits and enjoy the rewards that our resources have provided us with......»»
Residents urged not to burn garbage to avoid grass, rubbish fires
MANDAUE CITY, Philippines — The Mandaue City Disaster Risk Reduction Management Office (MCDRRMO) is urging residents not to burn their garbage and to properly dispose of cigarette butts to avoid possible grass and rubbish fires. MCDRRMO Head Buddy Alain Ybañez said on Wednesday, April 10, that grass and rubbish fire incidents have been recorded almost.....»»
Think again before buying bunnies as Easter gifts
SAN DIEGO – With Easter just a week away, animal rescue groups in Southern California are urging people not to buy rabbits as holiday gifts for children. They said that what begins as a well-meaning gesture often leads to abandoned animals when the novelty wears off and families realize they’re not equipped to properly care.....»»
SBP credits Ginebra for properly handling Brownlee situation
Barangay Ginebra's decision to shelve Justin Brownlee in the PBA Commissioner’s Cup is a “big thing,” as the beloved import is now eligible to play for Gilas Pilipinas once again, the Samahang Basketbol ng Pilipinas (SBP) said......»»
NPC issues new orders on data protection
The National Privacy Commission has issued guidelines creating a system that will govern the issuance of the Philippine Privacy Mark certificates on public and private organizations and companies that handle and control personal data of Filipino subjects......»»
Singaporean embassy in India extends Holi wishes, shares images of celebrations in Barsana
New Delhi [India], March 24 (ANI): As Indians across the world geared up to ring in the festival of colours, the Singaporean embassy in the national capital extended its greetings for Holi, wishing that the festival would bring peace and joy to all. It also shared mesmerising pictures of Holi celebrations in one of India's oldest and most popular pilgrimage sites, Barsana, in Uttar Pradesh. A post on the official X handle.....»»
Singaporean embassy in India extends Holi wishes, shares images of celebrations in Barsana
New Delhi [India], March 24 (ANI): As Indians across the world geared up to ring in the festival of colours, the Singaporean embassy in the national capital extended its greetings for Holi, wishing that the festival would bring peace and joy to all. It also shared mesmerising pictures of Holi celebrations in one of India's oldest and most popular pilgrimage sites, Barsana, in Uttar Pradesh. A post on the official X handle.....»»
Interest rates to remain at 6.5% — BSP
The Bangko Sentral ng Pilipinas’ (BSP) Monetary Board (MB) decided to retain its target reverse repurchase rate at 6.5%......»»
BSP sinisipat 4.2% inflation noong Marso
Sa pagtaya ng Bangko Sentral ng Pilipinas, maaaring umabot sa 4.2% ang inflation nitong Marso. The post BSP sinisipat 4.2% inflation noong Marso first appeared on Abante......»»