We are sorry, the requested page does not exist
Diokno turns over DOF helm to Recto
Secretary Ralph Recto started the ball rolling as he formally took over the helm of the Department of Finance, with former DOF chief and now Monetary Board member Benjamin Diokno handing over the agency in a simple ceremony yesterday......»»
Diokno as Monetary Board member: I’m now cooling down
Former finance secretary Benjamin Diokno says he is now on a cooling down mode as he was sworn in as the last member of the Monetary Board......»»
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 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......»»
Diokno’s back, but Bangko Sentral ‘not sure’ if Ralph Recto will sit in its powerful Monetary Board
'There’s an appointed secretary of finance but me personally, I’m not sure if the secretary of finance will sit as a member of the Monetary Board,' says BSP Deputy Governor Eduardo Bobier.....»»
DOE to NGCP, DUs: Be ready for ILP
The Department of Energ has directed the National Grid Corp. of the Philippines and all distribution utilities to be “fully ready” to implement the Interruptible Load Program amid the dry season......»»
Davao police ready to arrest Quiboloy once order comes out
DAVAO CITY (MindaNews / 7 March) – The Police Regional Office – Region 11 (PRO-11) is ready to implement the arrest order for Kingdom of Jesus Christ (KOJC) founder Pastor Apollo Quiboloy, an official said. Catherine Dela Rey, PRO-11 spokesperson, said they will apprehend Quiboloy once they have the copy of the arrest order. Last […].....»»
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......»»
Warrantless arrest on Jade Castro ‘baseless’ — FLAG chair
Diokno, who is also a law professor, said that the requisites for performing a warrantless arrest against Castro and the other accused are not met. .....»»
San Carlos to implement mitigating measures vs El Niño
San Carlos to implement mitigating measures vs El Niño.....»»
DSWD vows to intensify efforts, collab with agency partners vs hunger
The Department of Social Welfare and Development (DSWD) recognizes that addressing hunger is a continuing effort that is why there is a need to implement innovative strategies to combat involuntary hunger, Asst. Secretary for Strategic Communications Romel Lopez said on Tuesday (January 23). “This is why we continue to implement innovative programs to address hunger […].....»»
BSP explores impact of Gen AI in banking
The Bangko Sentral ng Pilipinas is studying the impact of generative artificial intelligence in the banking industry as it seeks to implement some “guardrails” to mitigate potential risks......»»
12,246 law graduate sasabak sa 2024 online Bar exam
MAY kabuuang 12,246 na law graduate sa bansa ang nagparehistro para sa 2024 online Bar examination na pangangasiwaan ng Supreme Court (SC) sa Setyembre. The post 12,246 law graduate sasabak sa 2024 online Bar exam first appeared on Abante......»»
Some firms still violate ease of doing biz law despite Arta
The Anti-Red Tape Authority-Eastern Mindanao Region (Arta-EastMin) revealed that there are still several businesses in their jurisdiction that violate the implementation of the Ease-of-Doing-Business Law and other red tape concerns despite the agency’s comprehensive collaboration with other security and law enforcement......»»
Marcos signs expanded Centenarian Law
President Ferdinand Marcos Jr. signed into law Republic Act 11982 on Monday granting benefits to octogenarians and nonagenarians. The law covers Filipinos residing in the Philippines or abroad......»»
College of Law sa CatSU, matutupad na – Dr. Azanza
Malapit ng maisakatuparan sa Catanduanes State University (CATSU) ang makasaysayang pagbubukas ng College of Law. Sa isang pahayag kamakailan sa kanyang facebook, ibinahagi ni CatSU President Patrick Alain T. Azanza na malapit na ang pagbubukas ng kursong Juris Doctor o Bachelor of Laws sa lalawigan ng Catanduanes na matagal ng inaabangan. Ayon kay Dr. Azanza, […] The post College of Law sa CatSU, matutupad na – Dr. Azanza appeared first on Bicol Peryodiko......»»
Ralph Recto sworn in as new Secretary of Department of Finance
House Deputy Speaker Ralph Recto [link] was sworn in as the new Secretary of the Department of Finance on Friday, replacing the former Secretary, Benjamin Diokno, in a move that has been seemingly in the works for quite some time......»»
Diokno proud to leave DOF in better state of affairs
"I am proud knowing that I will be leaving my post at a time when the Philippine economy, in general, and the DOF, in particular, are in a better state of affairs than when I inherited them.".....»»
EDITORIAL - Cabinet changes
Validating rumors that have been circulating since late last year, former Batangas congresswoman Vilma Santos-Recto confirmed yesterday that President Marcos is replacing Benjamin Diokno with her husband, House Deputy Speaker Ralph Recto as secretary of finance......»»