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Cebu Chess Hub to revive standard games in local scene with cash-rich tourney
CEBU CITY, Philippines — The Cebu Chess Hub will organize a cash-rich woodpushing tournament on February 23-25, at the Gmall of Cebu. The tournament aptly dubbed the “Cebu Chess Hub: Open Chess Tournament” will have a total of P88,000 prize money for the winning woodpushers. READ: UC Webmasters bag 3 gold medals in Cebu City.....»»
Cash-rich Mayor Cabaron intertown twin sports tilts set in May
CEBU CITY, Philippines — Moalboal town mayor Inocentes Cabaron will once again treat sports fans in southwest Cebu with a cash-rich inter-town men’s basketball and men’s & women’s volleyball tournament for their fiesta celebration in May. The town has been active in sports, hosting a Cebu Schools Athletic Foundation Inc. pre-season basketball tilt featuring Cebu’s.....»»
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.....»»
Cebu-Based Filipino Homes Launches Global Partners Facility Against Scammers in Real Estate
Cebu-based Filipino Homes intensified its campaign against scammers in buying real estate properties with the launching of their “Global Partners” facility in Dubai, United Arab Emirates (UAE). The facility will help in particular Overseas Filipino Workers (OFWs) or Filipinos living abroad access to right information pertaining to property investments in the Philippines and other related […].....»»
Public sector banks doing better in managing NPAs vis-a-vis their private counterparts: FICCI-IBA survey
New Delhi [India], March 21 (ANI): Public sector banks in India are doing better in comparison to their private sector counterparts in terms of non-performing assets, a survey conducted by industry body FICCI and banking association Indian Banks' Association (IBA) found. A nonperforming asset refers to loans or advances that are on the brink of default. According to the survey, a large majority (77 per cent) of the respon.....»»
ADB approves 655,000 USD to help Philippine rural banks digitization
MANILA, Feb. 19 (Xinhua) -- The Asian Development Bank (ADB) on Monday said it will provide grants totaling 655,000 U.S. dollars for the digitization of nine rural banks and a bank consortium in the Philippines. The grants are part of ADB's Fintech for Inclusion Transformation (FIT) program. The grant awardees were chosen from among rural banks nationwide serving women, farmers, fisherfolk, and micro, sma.....»»
ADB approves 655,000 USD to help Philippine rural banks digitization
MANILA, Feb. 19 (Xinhua) -- The Asian Development Bank (ADB) on Monday said it will provide grants totaling 655,000 U.S. dollars for the digitization of nine rural banks and a bank consortium in the Philippines. The grants are part of ADB's Fintech for Inclusion Transformation (FIT) program. The grant awardees were chosen from among rural banks nationwide serving women, farmers, fisherfolk, and micro, sma.....»»
BSP pursues reforms to modernize banks
The Bangko Sentral ng Pilipinas is pursuing policy reforms to modernize Philippine banks and ensure a sustainable, digital and inclusive banking future......»»
Moalboal inter-town hoopla unfolds on March 9
CEBU CITY, Philippines— The Municipality of Moalboal will once again roll out the red carpet for sports as the cash-rich 2nd Mayor Inocentes Cabaron Invitational Inter-town tournament unfolds on March 9 at the town’s sports complex. A dozen teams will compete for a whopping P500,000 worth of cash prizes in this annual cage fest. For.....»»
NorthPort’s Flores responds to PBA All-Star showcase snub with solid game vs Converge
NorthPort Batang Pier rookie Cade Flores admitted feeling “disrespected” after not being chosen to take part in the Rookie-Sophomors-Juniors (RSJ) game of the PBA All-Star in Bacolod later this month......»»
Senate panel summons Quiboloy after probe snub
Sen. Risa Hontiveros, the chairperson of the Senate Committee on Women, Children, Family Relations and Gender Equality, said that the panel sent two invitations to Apollo Quiboloy for a probe in the alleged abuses committed by him and KOJC, but was snubbed. .....»»
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......»»
Tagle to parents: Choose ‘spiritually rich’ Godparents
Parents should choose “spiritually rich” godparents for their children, noting that their financial status is unimportant, Cardinal Luis Antonio Tagle said recently......»»
DSWD allots Php537M emergency cash aid to shear line, quake-hit families in Samar, Mindanao
Three Field Offices of the Department of Social Welfare and Development (DSWD) started on January 18 the simultaneous payout of cash assistance, through the Emergency Cash Transfer (ECT) program, for the families affected by a triad of disasters that occurred in the last quarter of 2023 to help them recover and resume their normal lives. […].....»»
New facility to cut IRRI rice breeding process to 2 years
Rice breeding at the International Rice Research Institute could be as fast as two years compared to conventional breeding that takes a decade once its new facility operates, an official said......»»
Romualdez, Villarica break ground for NCMH facility
A mental health facility for women and children has been inaugurated in Mandaluyong City......»»
Ayala Corp cold storage JV to start construction on massive facility
GMAC Logitech Refrigeration Corporation, the cold storage joint venture between Ayala Corp [AC 675.00 ?1.2%] and private cold storage player Glacier Megafridge, announced it would break ground in a few weeks on a new 11,798-pallet position temperature-controlled facility in Panabo City, Davao del Norte......»»
1st BUCAS facility opens in new JBL Sto. Tomas
1st BUCAS facility opens in new JBL Sto. Tomas.....»»