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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.....»»
DTI, Google to Empower MSMEs and Jobseekers to be Digitally Ready
The Department of Trade and Industry (DTI) and Google Philippines announced their collaboration to help Micro, Small and Medium Enterprises (MSMEs) and jobseekers to be more digitally adept in a US Trade Mission meeting last March 11, 2024, held in Malacañang. DTI Secretary Fred Pascual expressed his appreciation of the partnership with Google and said […].....»»
South Cotabato urges public to patronize MSMEs, buy local products
KORONADAL CITY (MindaNews / 7 March) – The provincial government of South Cotabato has launched a convergence initiative to bring more growth and market opportunities for the province’s micro, small and medium enterprises (MSMEs). Tyronn Jan Villanueva, head of the South Cotabato Economic, Investment and Promotions Center (SCEIPC), said they have launched a series of […].....»»
Cebuana s Kanegosyo, Taxumo partner to boost financial inclusion for MSMEs
Cebuana s Kanegosyo, Taxumo partner to boost financial inclusion for MSMEs.....»»
Health targets will deliver better outcomes for New Zealanders
The coalition Government's commitment to five key health targets will drive better outcomes for all New Zealanders, in the concluding announcement to its 100 day plan.Health Minister Dr Shane Reti announced the targets in Whangrei, saying they represented a vigorous new direction in health from a Government determined to deliver for all New Zealanders. "These five.....»»
Nickel Asia sets net zero targets
Mining firm Nickel Asia Corp. is strengthening its commitment toward sustainability as it submitted its emissions reduction targets to the global Science Based Targets Initiative......»»
Bank loans used as RRR compliance hit P6.4 billion
Mid-sized and small banks have extended around P6.4 billion loans to micro, small and medium enterprises (MSMEs) as well as large companies, and booked these loans in compliance with their reserve requirement ratios, according to the Bangko Sentral ng Pilipinas......»»
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.....»»
Producers Savings Bank acquires Leyte rural bank
Producers Savings Bank Corp. has completed its merger with one more rural bank, bolstering the bank’s assets and profit growth via its branch network expansion......»»
Rural Missionaries of Philippines: Can we get back to our ministries?
For more than two years, the Rural Missionaries of the Philippines is unable to access their funds in the bank and use them for their mission activities......»»
BFP feeds, orients rural school children in San Carlos
BFP feeds, orients rural school children in San Carlos.....»»
Moalboal s native chicken production project set to boost rural incomes, agricultural productivity
Moalboal s native chicken production project set to boost rural incomes, agricultural productivity.....»»
Maharlika fund eyes JV for rural telco towers
The Maharlika Investment Corp.is in the process of tapping foreign partners for a joint venture in building telecommunication towers in rural areas in a bid to address the digital gap......»»
PLDT arm strengthens tieup with Tarlac rural bank
The business arm of PLDT Inc. has strengthened its partnership to further boost the digitalization journey of Signabank Rural Bank of Sta. Ignacia based in Tarlac......»»
PLDT arm strengthens partnership with tarlac rural bank
The business arm of PLDT Inc. has strengthened its partnership to further boost the digitalization journey of Signabank Rural Bank of Sta. Ignacia based in Tarlac......»»
Agribank now on LazMall
Agribusiness Rural Bank Inc., one of the most established and trusted rural banks in the Philippines, has announced the official launch of its official flagship store on Lazada Philippines’ LazMall, the country’s biggest online shopping mall......»»
This Pinoy company is making an impact through financial technology
“We started by looking at transforming and [digitizing] rural banks. Along the way we discovered a number of pain points, one of which is how to improve their credit process.” Tapiador said......»»
Globe reports steep 73.7% decline in blocked bank-related spam, scam SMS in 2023
The telecommunications company Globe has reported a significant 73.7% decrease in the number of blocked spam and scam SMS related to banks in 2023. This reduction is a result of the interception of 21.9 million bank-related fraudulent messages, a sharp decline from the 83.39 million messages blocked the previous year. Globe attributes this achievement to its proactive strategies and strong partnerships with major banks and financial institutions in the Philippines. The company has established anti-fraud alliances with the Bankers Association of the Philippines and individual players in the finance sector, enabling the sharing of data and intelligence to prevent and investigate fraud effectively. Anton Bonifacio, Chief Information Security Officer at Globe, emphasized the company's commitment to combating financial fraud and enhancing security measures for customer protection. Globe has invested approximately US$20 million to improve its spam and scam SMS detection and blocking system and operates a 24/7 Security Operations Center to filter out unwanted messages from both international and domestic sources. Despite certain limitations, Globe remains dedicated to customer protection and emphasizes the need for a unified approach in the fight against fraud. The company is focused on leveraging technology and strengthening alliances with key stakeholders to combat fraudulent activities. As Globe continues to advance its technologies and collaborations, it aims to provide a safer and more secure digital environment for its customers. For more information about Globe and its initiatives, visit www.globe.com.ph. (SPONSORED CONTENT).....»»
Recto sets sights on ‘more realistic’ targets
Nearly a month in office, the head of the government’s economic team is already looking at a review of growth and fiscal targets this year and over the medium term, noting that global developments should prompt for “more realistic” expectations......»»
2 high-value targets nabbed, P6.8-M shabu seized
2 high-value targets nabbed, P6.8-M shabu seized.....»»