BSP to banks, financial institutions: Prioritize national ID as top identification
The central bank said that institutions should “adopt enhanced measures to ensure the broad acceptance of the PhilID” whether its physical or electronic version as a valid proof of identity and age for all financial transactions. .....»»
Banks’ bad loans swell in 2023
The soured loans of Philippine banks picked up to 3.23 percent in 2023 from the almost two-year low in 2022, according to the Bangko Sentral ng Pilipinas......»»
‘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......»»
PSA opens PhilSys registration for ages 1 to 4
Children ages one to four years old can now register with the Philippine Identification System (PhilSys) for the national ID......»»
PSA-7: Report to us if PhilSys ID not accepted
CEBU CITY, Philippines — The Philippine Statistics Authority in Central Visayas (PSA-7) urged Philippine Identification System (PhilSys) ID holders to report to the agency if some entities do not accept their IDs. PSA-7 chief administrative officer of Edwina Carriaga told CDN Digital in a phone interview that the agency is urging PhilSys ID (National ID).....»»
Big SCAM : Matteo Guidicelli warns vs fake promo using him, Sarah Geronimo
Matteo and Sarah are ambassadors of PSA, the authority who issues the national ID under Philippine Identification System (PhilSys)......»»
Matteo, Sarah ginagamit ng sindikato sa socmed: Big SCAM…mag-ingat!
MAY bagong scam na kumakalat ngayon online na sangkot ang celebrity couple na sina Sarah Geronimo at Matteo Guidicelli. Makikita sa viral post ang litrato ng mag-asawa bilang ambassadors ng Philippine Identification System (Philsys), kalakip ang balitang mabibigyan umano ng ayudang P5,000 ang lahat ng may National ID. Para sa kaalaman ng marami, taong 2021.....»»
Bodies in Masara landslide undergo DNA testing for identification
THE Provincial Local Government Unit of Davao de Oro (PLGU-Davao de Oro) has confirmed that the remaining 14 unidentified and unclaimed bodies in the Masara landslide tragedy are currently undergoing deoxyribonucleic acid (DNA) testing at the National Bureau of Investigation (NBI) Central Office......»»
BSP wants stricter policies vs erring bank personnel
he Bangko Sentral ng Pilipinas (BSP) is looking to require its supervised financial institutions to have a policy in determining the process and criteria on when to file legal cases against erring personnel, including dismissed directors, officers and employees......»»
As global economy slows, Philippines bats for intensified financing solutions
The Philippines has called on multilateral financial institutions to step up support and financing solutions to developing nations as the global economy hits a critical point of further slowdown......»»
GCash lending arm Fuse empowers underbanked Filipinos with P118 billion loans disbursed
Fuse Lending Inc., the credit arm of GCash, surpasses the P118 billion mark in life-to-date disbursed loans through the country’s number one finance app as of the end of 2023. This puts both institutions well on their way toward their shared mission of financial inclusion......»»
GCash lending arm Fuse empowers underbanked Filipinos with P118 billion loans disbursed
Fuse Lending Inc., the credit arm of GCash, surpasses the P118 billion mark in life-to-date disbursed loans through the country’s number one finance app as of the end of 2023. This puts both institutions well on their way toward their shared mission of financial inclusion......»»
DOF: GFIs can seek extended relief after Maharlika infusion
Government financial institutions Land Bank of the Philippines and Development Bank of the Philippines will likely seek an extension of its regulatory relief following contributions to the country’s sovereign wealth fund......»»
Small businesses may make up 60% of Philippines GDP – Visa
Small businesses in the Philippines may produce as much as 60 percent of the country’s gross domestic product (GDP) if financial institutions and the government could help the sector grow in the coming years, according to global digital payments platform Visa......»»
A Quick Guide to Online Gambling and Financial Responsibility
With the rise of PAGCOR accredited online gambling platforms, many individuals are drawn to the allure of quick wins and entertainment. However, the world of online gambling will require extreme caution and financial responsibility to avoid potential pitfalls and safeguard one’s financial well-being. Understanding the Risks Online gambling can be enticing, but it comes with […].....»»
ASEAN cross-border remittance service to go live by 2026 – BSP
The Bangko Sentral ng Pilipinas along with other central banks in the region aims to operationalize multilateral cross-border fund transfers by July 2026......»»
Top taekwondo jins test mettle SMART/MVPSF CPJ national tilt
The country’s top and seasoned players, including members of the national team, and rising stars from the various clubs and schools, will see action in the SMART/MVPSF National CPJ (Carlos Palanca Jr.) Taekwondo Championships on March 23-24......»»
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......»»