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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......»»

Category: financeSource:  philstarRelated NewsJan 24th, 2024

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......»»

Category: financeSource:  philstarRelated NewsJan 24th, 2024

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......»»

Category: newsSource:  sunstarRelated NewsJan 15th, 2024

BPI renews alliance with Mizuho Bank

The Bank of the Philippine Islands has renewed its alliance with Japan’s Mizuho Bank Ltd., expanding and strengthening the scope of business cooperation between the two banks......»»

Category: financeSource:  philstarRelated NewsFeb 14th, 2024

Philippines, US eye wider space tech cooperation for maritime security

In a joint statement on Tuesday, Manila and Washington said both governments agreed that Earth observation is a priority area for bilateral cooperation during their first bilateral space dialogue earlier this month. .....»»

Category: newsSource:  philstarRelated NewsMay 14th, 2024

Phlilippines eyes deeper maritime cooperation with EU

The Philippines is ready to deepen cooperation with the European Union and EU member states on maritime safety and security, maritime domain awareness and ocean governance......»»

Category: newsSource:  philstarRelated NewsMay 3rd, 2024

Ayala Group inks cooperation deal with New Zealand trade agency

Conglomerate Ayala Corp. has entered into a cooperation agreement with the New Zealand Trade and Enterprise to explore potential business and collaborative opportunities. The agreement was signed during the visit of New Zealand Prime Minister Christopher Luxon on Ayala’s headquarters as part of his recent official state visit to the Philippines......»»

Category: financeSource:  philstarRelated NewsMay 1st, 2024

Philippines eyes stronger cooperation, economic ties with Germany

The Philippines and Germany are looking to step up cooperation in areas like minerals processing and investment financing to boost economic ties, according to the Department of Trade and Industry......»»

Category: newsSource:  philstarRelated NewsApr 3rd, 2024

EAM Jaishankar discusses security, maritime cooperation with his Philippine counterpart in Manila

Manila [Philippines], March 26 (ANI): External Affairs Minister S Jaishankar, who is on an official visit to Manila, held a 'warm and productive' meeting with Philippines Secretary for Foreign Affairs, Enrique Manalo on Tuesday and discussed wide-ranging issues of security and maritime cooperation. During the meeting, both leaders exchanged views on global, regional, and multilateral issues, including Indo-Pacific, ASEAN,.....»»

Category: newsSource:  manilanewsRelated NewsMar 26th, 2024

Philippines, Germany eye cyber, maritime defense cooperation

The Philippines and Germany are eyeing to expand their defense cooperation to include cyber and maritime domains, President Marcos said, in light of China’s continued dangerous maneuvers and harassment of Filipino supply vessels in the West Philippine Sea......»»

Category: newsSource:  philstarRelated NewsMar 13th, 2024

Labor, maritime cooperation tabled in President Marcos’ Europe visit

The Philippines will sign several agreements, including on maritime and labor cooperation, during President Marcos’ five-day visit to Germany and the Czech Republic next week, an official of the Department of Foreign Affairs said on Friday......»»

Category: newsSource:  philstarRelated NewsMar 8th, 2024

Top Putin ally meets Cuba’s Raul Castro to discuss security cooperation – Interfax

'Various issues of Russian-Cuban cooperation in the field of security were discussed,' Russia's security council says, adding Moscow 'remains committed to the spirit of strategic partnership between the two countries'.....»»

Category: newsSource:  rapplerRelated NewsFeb 27th, 2024

US-Phl-Japan trilateral security cooperation essential

During the state visit of Japanese Prime Minister Fumio Kishida to the Philippines last November where he delivered a speech before a joint session of Congress, he highlighted the trilateral cooperation between the United States, the Philippines and Japan to protect the freedom of the South China Sea......»»

Category: newsSource:  philstarRelated NewsFeb 18th, 2024

Backpedaling

In reiterating my appeal to President Marcos Jr. to flesh out his policy declaration of non-cooperation with the International Criminal Cooperation into a legal document, a colleague commented that my call is “nakakalalaki na.” .....»»

Category: newsSource:  philstarRelated NewsFeb 16th, 2024

Philippine president leaves for Vietnam for 2-day state visit

MANILA, Jan. 29 (Xinhua) -- Philippine President Ferdinand Romualdez Marcos left for Vietnam on Monday for a two-day state visit to boost cooperation. "Maritime cooperation will be one of the cornerstones of the strategic partnership which we are going to forge, and we hope to strengthen this aspect during my visit to promote peace and stability in our region," Marcos said in his departure speech. He adde.....»»

Category: sportsSource:  abscbnRelated NewsFeb 1st, 2024

Xinhua world news summary at 0730 GMT, Jan. 29

MANILA -- Philippine President Ferdinand Romualdez Marcos left for Vietnam on Monday for a two-day state visit to boost cooperation. "Maritime cooperation will be one of the cornerstones of the strategic partnership which we are going to forge, and we hope to strengthen this aspect during my visit to promote peace and stability in our region," Marcos said in his departure speech. (Philippines-Vietnam-Visit).....»»

Category: sportsSource:  abscbnRelated NewsFeb 1st, 2024

Philippines, Vietnam to boost SCS cooperation, incident prevention

The Philippines and Vietnam yesterday agreed to boost cooperation between their coast guards and to prevent untoward incidents in the disputed South China Sea in light of Beijing’s continued aggression in one of the world’s most important trade routes......»»

Category: newsSource:  philstarRelated NewsJan 31st, 2024

US tells Marcos: Ask and we are here

The United States is ready to assist the Philippines during times of need, US Ambassador MaryKay Carlson assured President Marcos on Tuesday, as the envoy highlighted how the Enhanced Defense Cooperation Agreement between the two countries has helped the Philippines in the delivery of urgently needed aid......»»

Category: newsSource:  philstarRelated NewsFeb 15th, 2024

Capitol offers financial aid for Palaro

Capitol offers financial aid for Palaro.....»»

Category: newsSource:  sunstarRelated NewsMay 15th, 2024

Manpower trainees get cash aid from Capitol

Manpower trainees get cash aid from Capitol.....»»

Category: newsSource:  sunstarRelated NewsMay 15th, 2024