BSP to propose law vs illegal money service firms
The Bangko Sentral ng Pilipinas (BSP) is set to propose legislation against illegally operating money service businesses (MSBs) and nonbank financial institutions (NBFIs) who are not registered with the central bank......»»
Suspected terror fund facilitator caught using remittance centers
Emmett Manantan of the Anti-Money Laundering Council confirmed that the suspect Myrna Mabanza used money service businesses to transfer funds to members of the Abu Sayyaf Group.....»»
Non-life insurance firms placed under conservatorship
The Insurance Commission has placed two non-life insurance firms under conservatorship amid their inability to comply with certain rules and regulations mandated by the law......»»
Sandigan affirms dismissal of forfeiture vs 3 coco levy firms
The Sandiganbayan has affirmed the finality of the dismissal of a forfeiture case against three of the firms created out of the Coconut Industry Investment Fund, also known as the coco levy funds, during martial law......»»
Responding to crimes in the fisheries sector in Small Island Developing States: Insights from the Maldives
Food. Income. Nutrition. Economic security. Fisheries are deeply entwined in the lives of many coastal communities around the world, acting as a vital source of food, employment, tradition, and culture. Yet crimes in the fisheries sector - including illegal shipments of marine resources; illegal fishing; corruption; money l.....»»
3 cops sacked over illegal gambling
Two policemen in Negros Occidental and another in Aklan have been relieved from their posts for allegedly receiving protection money from financiers of illegal gambling......»»
Visayan Electric opens service center in the City of Naga
To further enhance customer convenience and experience, Visayan Electric, the second largest distribution utility in the Philippines, yesterday opened a new service center in the City of Naga. Situated at Eugenia Square, N. Bacalso Avenue, Brgy. East Poblacion, this new service center is the seventh in the Visayan Electric’s franchise area. Operating from 9 AM.....»»
Panukala sa murang funeral service umusad
Inaprobahan ng Kamara de Representantes ang panukala sa murang funeral service upang hindi masaktan ang bulsa ng mga mahihirap na pamilya. The post Panukala sa murang funeral service umusad first appeared on Abante......»»
Government workers for 10 years may earn civil service eligibility
Job order contractual, casual and co-terminus employees who have been working in the government for at least 10 aggregate years may now apply for civil service eligibility, according to the Civil Service Commission......»»
Marcos calls for ‘Bagong Pilipinas’ and efficient service in governance brand kick-off rally
MANILA, Philippines — President Ferdinand Marcos Jr. on Sunday urged all government workers to work towards a “Bagong Pilipinas” (New Philippines) and deliver “responsive, efficient” service during the kick-off rally for his governance brand at Quirino Grandstand in Manila. Bongbong Marcos calls for ‘Bagong Pilipinas’ and efficient service in governance brand rally He also encouraged Filipinos.....»»
Lespu sugatan sa illegal gambling operation
SUGATAN ang isang pulis-Cavite nang maputukan ito ng hinihinalang look-out sa isang pasugalan na target ng anti-illegal gambling operation ng pulisya sa Dasmariñas City, Cavite noong Lunes. The post Lespu sugatan sa illegal gambling operation first appeared on Abante......»»
DCPO slams report of 37 cops dismissed due to illegal drug use
DAVAO CITY (MindaNews / 04 June) – The Davao City Police Office (DCPO) on Tuesday blasted a report in Metro Manila that 37 of their personnel had tested positive for using illegal drugs. “We want to make this clear… There are no DCPO personnel who were recently tested positive for illegal drugs,” Captain Hazel Tuazon, DCPO spokesperson, […].....»»
Cops seize illegal drugs from 16-year-old boy in Cebu City
CEBU CITY, Philippines – Cebu City police seized illegal drugs from a 16-year-old boy during a buy-bust operation in Barangay Ermita, Cebu City on Wednesday evening, May 22. The minor, who was the subject of the buy-bust operation, was reportedly caught in possession of suspected illegal drugs. According to Police Lieutenant Colonel Janette Rafter, Deputy.....»»
PBBM hinarang pagtaas ng multa sa illegal parking
Binasura ni Pangulong Bongbong Marcos ang circular ng Metro Manila Council para itaas sa P4,000 ang multa sa illegal parking mula sa dating P1,000. The post PBBM hinarang pagtaas ng multa sa illegal parking first appeared on Abante......»»
DMW-Davao hails citizens vigilance for foiled illegal recruitment in Davao City
ACTING on a Dabawenyo’s information of an alleged illegal recruitment activity on its official Facebook page, the Department of Migrant Workers-Davao Region (DMW-Davao) endorsed the report to the National Bureau of Investigation-Southeastern Mindanao Regional Office (NBI-Semro) leading to a criminal investigation of three reported illegal recruiters last March 2, 2024 in Toril, Davao City by the City Prosecution Office......»»
PSSO warns anew vs building structures atop dikes, coastal road
The Davao City Public Safety and Security Office's (PSSO) Coastal Road and Davao River Monitoring Team has issued a renewed warning to Dabawenyos against constructing buildings on top of dikes and along the coastal road. This caution follows the dismantling of 334 illegal structures from October 2020 to the third week of January 2023. PSSO Head Angel Sumagaysay emphasized that these structures, including house extensions, kitchen extensions, cages, and sala extensions, are typically found atop or attached to dikes and gabions near the Davao River. Recent operations in the Talomo District involved the removal of a hut at Purok 8 Iñigo, Matina Pangi, and a reconstructed fisherman's kiosk at the Punta Dumalag section of the Coastal Area. Sumagaysay highlighted that the PSSO collaborates with barangays to identify and address illegal structures, and owners are given the choice to self-demolish or have the PSSO carry out the demolition. Sumagaysay stressed that illegal structures on dikes and gabions pose risks to the structure's integrity, potentially leading to increased flooding and related issues. He urged residents living near the river to refrain from constructing any form of extension or additional structure on the dikes, emphasizing the need to preserve their stability to prevent flooding and overflow. The PSSO does not have a specific target number of structures to dismantle, but rather identifies them during monitoring and inspection, working in coordination with barangays and purok leaders. Sumagaysay hopes that the public comprehends the purpose behind these dismantling efforts, emphasizing the importance of safeguarding the dikes to mitigate flooding risks......»»
Around P10M in illegal drugs seized in two-day anti-drug ops in Central Visayas
CEBU CITY, Philippines – Close to 150 suspected drug personalities, and illegal drugs worth around P10 million were seized following a two-day anti-drug operation in Central Visayas. Police in the region conducted another round of Simultaneous Anti-Criminality and Law Enforcement Operations (Sacleo) over the weekend, Police Lt. Col. Gerard Ace Pelare, spokesperson of the Police.....»»
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......»»
BSP issues guidelines for payment systems
The Bangko Sentral ng Pilipinas (BSP) has released its first Manual of Regulations for Payment Systems (MORPS), a formal compilation of all payment system regulations approved by the Monetary Board as of end-December 2023......»»
BSP on guard vs inflation risks amid El Niño
The BSP chief said headline inflation likely further accelerated to 3.9 percent in March from 3.4 percent in February due to base effects, but lower than the 7.6 percent in March 2023......»»