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USD3.32-B Loan Approved by BSP
On Monday, the Bangko Sentral ng Pilipinas (BSP) announced that the Monetary Board approved USD 3.32 billion in medium-to-long-term (MLT) foreign borrowings for Q4 2023. From October to December 2023, the public sector’s foreign borrowings rose by 65.8%, reaching USD3.32 billion, up from USD2 billion in the same period in 2022. This brought the total […].....»»
Cebuana s Kanegosyo, Taxumo partner to boost financial inclusion for MSMEs
Cebuana s Kanegosyo, Taxumo partner to boost financial inclusion for MSMEs.....»»
ADB, iSON ink deal to boost Philippines digital connectivity
MANILA, March 4 (Xinhua) -- The Asian Development Bank (ADB) said Monday that it has signed a 2.4 billion pesos (42.85 million U.S. dollars) loan with the telecom towers building and managing company iSON Tower Limited Inc. as part of a ADB-led co-financing package to enhance digital connectivity in the Philippines. The loan will support the construction, development, and operation of 800 shared telecommunicatio.....»»
ADB, iSON ink deal to boost Philippines digital connectivity
MANILA, March 4 (Xinhua) -- The Asian Development Bank (ADB) said Monday that it has signed a 2.4 billion pesos (42.85 million U.S. dollars) loan with the telecom towers building and managing company iSON Tower Limited Inc. as part of a ADB-led co-financing package to enhance digital connectivity in the Philippines. The loan will support the construction, development, and operation of 800 shared telecommunicatio.....»»
South Cotabato urges public to patronize MSMEs, buy local products
KORONADAL CITY (MindaNews / 7 March) – The provincial government of South Cotabato has launched a convergence initiative to bring more growth and market opportunities for the province’s micro, small and medium enterprises (MSMEs). Tyronn Jan Villanueva, head of the South Cotabato Economic, Investment and Promotions Center (SCEIPC), said they have launched a series of […].....»»
DTI, Google to Empower MSMEs and Jobseekers to be Digitally Ready
The Department of Trade and Industry (DTI) and Google Philippines announced their collaboration to help Micro, Small and Medium Enterprises (MSMEs) and jobseekers to be more digitally adept in a US Trade Mission meeting last March 11, 2024, held in Malacañang. DTI Secretary Fred Pascual expressed his appreciation of the partnership with Google and said […].....»»
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......»»
Trader wants refund for ‘wrong’ package
Trader wants refund for ‘wrong’ package.....»»
Capitation rate for PhilHealth s Konsulta package raised; new screening services added
The board of directors of the Philippine Health Insurance Corp. approved on Wednesday an increase in the capitation rate for its outpatient benefits package called Konsulta, along with the inclusion of more screening services......»»
CBRT for use soon; Cuenco to stop Package 2
CBRT for use soon; Cuenco to stop Package 2.....»»
Cebu Daily Newscast: Remittances soar to P33.5 billion in 2023 – BSP
Listen to Cebu Daily Newscast and get the latest stories in and around Cebu. Here’s what you need to know on Friday, February 16. Remittances soar to P33.5 billion in 2023 – BSP Filipinos abroad sent a record amount of money back home in 2023 as remittances hit $33.5 billion, boosted by a stronger peso......»»
Remittances soar to P33.5 billion in 2023 – BSP
MANILA, Philippines — Filipinos abroad sent a record amount of money back home in 2023 as remittances hit $33.5 billion, boosted by a stronger peso. This increase in the value of remittances helped households cope with high inflation. According to the Bangko Sentral ng Pilipinas (BSP), cash remittances through banks totaled $33.5 billion, marking a.....»»
For aspiring entrepreneurs: Mister Donut offers 90-day business trial package
Mister Donut, a strong international brand with 40 years of proven franchising track record in the Philippines, is encouraging budding entrepreneurs or those who want to test the viability of a new location to pursue their franchising plans via its 90-day business trial package......»»
Mandaue council oks new traffic scheme
Mandaue council oks new traffic scheme.....»»
500 MPUV drivers fear income loss after CBRT package 1 s completion
500 MPUV drivers fear income loss after CBRT package 1 s completion.....»»
PhilHealth ordered to cover ultrasound, mammogram in Konsulta package
In a release Tuesday, the department said that Health chief Teodoro Herbosa has directed the state health insurer to add these screening services to the current Konsulta package......»»
New sanctions package against Russia
Foreign Minister Winston Peters today announced a new package of sanctions as part of the ongoing international sanction response to Russia's illegal invasion of Ukraine in February 2022. The new sanctions are: "Increasingly sophisticated methods are being used in the effort to evade sanctions. By targeting evasion methods, the Governmen.....»»
DOH eyes inclusion of oral health package in Universal Health Care services
DOH eyes inclusion of oral health package in Universal Health Care services.....»»
1st package sa CBRT 60% nga nakompleto
1st package sa CBRT 60% nga nakompleto.....»»
Suroy i-package uban sa Palarong Pambansa
Suroy i-package uban sa Palarong Pambansa.....»»