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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......»»
PAGSS awarded by JDL Express of China for service excellence
Jiangsu Jingdong Cargo Airlines, a subsidiary of one of the biggest freighter and cargo operators, JDL Express of China, recently awarded the Philippine Airport Ground Support Solutions, Inc (PAGSS), its Ground Handling and Cargo Handling partner in Manila. The award was given in commemoration of its successful launch and excellence in service. The said award […].....»»
Customs revives declaration forms for arriving international passengers at NAIA
THE filled out Customs declaration forms for arriving international passengers at the NAIA Terminals is being revived by the Bureau of Customs (BOC) at the Ninoy Aquino International Airport (NAIA) and is now under pilot testing. BOC-NAIA district collector Atty Yasmin Mapa said that international passengers arriving in the country are now obliged to submit […].....»»
Exporters laud creation of customs consultative body
The Philippine Exporters Confederation Inc. has lauded the establishment of a consultative body composed of the Bureau of Customs and its industry partners aimed at providing a forum for addressing issues and concerns related to customs and industry matters......»»
Globe rolls out local prepaid eSIM
Globe rolls out local prepaid eSIM.....»»
Globe rolls out local prepaid eSIM
Globe rolls out local prepaid eSIM.....»»
Globe rolls out local prepaid eSIM
Globe rolls out local prepaid eSIM.....»»
Globe rolls out local prepaid eSIM
Globe rolls out local prepaid eSIM.....»»
Customs collections overshoot target in Q1
The Bureau of Customs collected P219 billion in the first quarter as it sustained its streak of surpassing targets on the back of an enhanced assessment system......»»
Landbank, BOC streamline payment system
The Bureau of Customs and the Land Bank of the Philippines have teamed up to facilitate a digital payment scheme for various customs processes......»»
Video shows FedEx cargo plane landing on its nose in Istanbul after landing gear fails
A FedEx Boeing-767 cargo plane made headlines on Tuesday as it successfully landed at Istanbul Airport in Turkey without its front landing gear. The plane,.....»»
Beached cargo vessel removed from position
After three days of being stuck in the shallow waters off Davao Oriental, a cargo vessel was removed from its position yesterday, according to the Philippine Coast Guard......»»
Cargo ship lost power and issued mayday before hitting Baltimore s bridge, governor says
Cargo ship lost power and issued mayday before hitting Baltimore s bridge, governor says.....»»
Baltimore bridge collapses after cargo ship rams it
A major bridge in the US city of Baltimore almost entirely collapsed Tuesday after being struck by a cargo ship, sending multiple vehicles and up to 20 people plunging into the harbor below. Dramatic footage shows a container ship hitting a footing of the Francis Scott Key Bridge, sending the steel-built structure into the Patapsco.....»»
Philippines confirms 2 nationals killed in Houthi missile attack
MANILA, March 7 (Xinhua) -- The Philippine government on Thursday confirmed the death of two seafarers in a recent missile strike by Houthi militants on a cargo ship in the Gulf of Aden, off southern Yemen. In a statement, the Department of Migrant Workers (DMW) said two other Filipino sailors were also severely injured. The cargo ship True Confidence on Wednesday was hit by several anti-ship ballistic mi.....»»
13 rescued as cargo vessel tilts off Zamboanga del Norte
Thirteen crewmembers of a cargo vessel that tilted off the coast of Zamboanga del Norte amid rough seas were rescued on Monday......»»
BI to modernize even more in 2024 – Tansingco
The Bureau of Immigration (BI) is set to replace 25% of its manual operations to electronic gates in 2024 and expects that half of the bureau’s operations will be electronic by 2026. BI Commissioner Norman Tansingco announced that the bureau is gearing up for more modernization projects for 2024, owing to expectation that the number […].....»»
Xinhua Asia-Pacific news summary at 1600 GMT, March 11
SEOUL -- South Korea's export fell in double digits in the first 10 days of March due to fewer business days, customs office data showed Monday. Export came to 13.54 billion U.S. dollars in the 10 days, down 13.4 percent compared to the same period of last year, according to Korea Customs Service. (South Korea-Exports) - - - - VIENTIANE -- Participants in the 30th ASEAN Economic Ministers' Retreat.....»»
Customs lists firms allegedly abandoning balikbayan boxes
Customs officials reported yesterday 16 companies suspected of abandoning balikbayan boxes sent by overseas Filipino workers......»»
Customs collects P884B, files 90 criminal cases
Customs collects P884B, files 90 criminal cases.....»»