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Fintech startup JazzyPay raises $500,000 to help merchants go cashless during COVID-19

JazzyPay, a Philippines-based fintech firm, announced a $500,000 seed financing round led by early-stage venture capital firm Cocoon Capital. .....»»

Category: techSource: thestandard thestandardSep 15th, 2020

ING, Unicef support 5 Philippine fintech startups

Dutch financial giant ING Bank and United Nations Children’s Fund continue to support startup companies building financial technology solutions to empower young people, children and families......»»

Category: financeSource:  philstarRelated NewsOct 17th, 2020

COVID-19 raises awareness on insurance — Manulife

The uncertainties caused by the coronavirus pandemic increased Filipinos’ awareness on the importance of insurance, according to a study by Manufacturers Life Insurance Co. Philippines Inc......»»

Category: financeSource:  philstarRelated NewsSep 26th, 2020

GCash transactions seen to breach P1 trillion this year

Mobile wallet GCash expects transactions in its platform to breach the P1-trillion mark this year as the COVID-19 pandemic pushes the economy to go cashless......»»

Category: financeSource:  philstarRelated NewsSep 11th, 2020

Mandaue logs 17 new cases, 10 recoveries in lates COVID-19 update

CEBU CITY, Philippines — Seventeen new cases were added to Mandaue City’s tally of coronavirus disease cases based on the city’s latest report released on Wednesday night, September 9, 2020. The development raises the city’s count of active cases to 188. In the city’s latest COVID-19 update, the new cases in the city are from […] The post Mandaue logs 17 new cases, 10 recoveries in lates COVID-19 update appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsSep 10th, 2020

PayMaya penetrates more market

Digital financial services firm PayMaya has penetrated more sectors as the need for cashless payments soared to new heights due to the COVID-19 pandemic......»»

Category: financeSource:  philstarRelated NewsAug 11th, 2020

PayMaya makes public commuting on UBE Express buses safe

Digital financial services PayMaya is enabling premium bus transit provider UBE Express with safer cashless payments acceptance for its fleet of buses around the country as the transportation industry moves into the “new normal” amid the effects of the COVID-19 pandemic. .....»»

Category: financeSource:  thestandardRelated NewsAug 9th, 2020

BPI raises P21.5 billion via first issuance of COVID-19 bonds

Bank of the Philippine Islands raised P21.5 billion through the first-ever COVID-19 bond offering at the domestic debt market, with proceeds aimed at helping micro, small and medium enterprises recover from the pandemic......»»

Category: financeSource:  philstarRelated NewsAug 7th, 2020

BPI raises P21.5 billion from COVID response bonds

Bank of the Philippine Islands, the third-largest lender in terms of assets, said Friday it raised P21.5 billion from the sale of COVID Action Response Bonds as subscriptions reached seven times the initial planned issue size of P3 billion......»»

Category: financeSource:  thestandardRelated NewsAug 7th, 2020

PayMaya enables over 50 government agencies

Digital financial services provider PayMaya has enabled over 50 government agencies  to streamline their services and accept cashless payments online todate. From June 2019 to June 2020, the volume of transactions processed by PayMaya from partner government agencies surged 900 per cent. This shows the government efforts to encourage digital payments for fees and services by accepting debit, credit, and e-Wallet payments has paid off. “In the span of one year, government agencies have stepped up their efforts in digitalizing their processes,” according to Orlando B. Vea, Founder and CEO of PayMaya. Because of this, many agencies have been able to continue offering relevant services despite the current crisis, he added. To date, PayMaya has already inked partnerships with the Social Security System (SSS), Bureau of Internal Revenue (BIR), Home Development Mutual Fund (HDMF) or PAG-IBIG, the Department of Trade and Industry, the Department of Foreign Affairs, the Department of Science and Technology, the Bureau of Customs, the Bureau of the Treasury through the Bonds.ph platform, the Department of Agriculture’s Agricultural Credit Policy Council, the Professional Regulation Commission, the Tourism Infrastructure and Enterprise Zone Authority (TIEZA), and the National Home Mortgage Finance Corporation (NHMFC), among  others.  As part of measures needed to be observed in the ‘new normal’, PayMaya intends to enable more government agencies, institutions, and  local government units to accept cashless payments and digital disbursements. Hence, PayMaya has launched its LGUs Embracing and Accelerating Digitalization (L.E.A.D.) program to help local governments offer digital transactions for constituents. The company likewise enabled digital disbursements for the cities of Manila, Mandaluyong, Caloocan, Pasig, and Quezon City, particularly in delivering financial aid to beneficiaries severely affected by the COVID-19 pandemic.  SSS and the Department of Social Welfare and Development (DSWD) also tapped Paymaya  to distribute financial aid to beneficiaries of its Small Business Wage Subsidy (SBWS) and Social Amelioration Program (SAP). Furthermore, it has powered the digital payment facilities of LGUs such as Valenzuela and Taguig. Through its app and wallet, PayMaya  provides millions of Filipinos with the fastest way to own a financial account with over 40,000 Add Money touchpoints nationwide, more than double the total number of traditional bank branches in the Philippines combined. Its Smart Padala by PayMaya network of over 30,000 partner touchpoints nationwide serves as last mile digital financial hubs in communities, providing the unbanked and underserved with access to services. .....»»

Category: sportsSource:  abscbnRelated NewsAug 3rd, 2020

CJ Perez happy to help out as driver-slash-model for wife s business

The year 2020 has actually been good to CJ Perez. Along with winning Rookie of the Year in the PBA, the top overall pick in the 2019 Draft officially tied the knot with now-wife Sienna and the newlyweds are expecting their second child. Aside from baby Tanisha and her soon-to-be sibling, though, the Perezes apparently have another baby that needs looking after. A month ago, CJ and Sienna opened an online store selling handmade crafts for the home - and of course, they had to name it after their firstborn. For the cornerstone of Terrafirma Dyip, he has no worries whatsoever about having a new business in the face of the continuing COVID-19 crisis. "Business partner ko asawa ko e so ang dali lang ng trabaho. Yung trust tsaka yung suporta ko, nasa kanya lang lagi," he said. He then continued, "Kung saan siya masaya, dun din ako. I-try lang namin 'to, malay natin, lumaki." Tanisha's specializes in rattan baskets, drawers, hampers, planters, organizers, racks, trays as well as pots made by locals in Nueva Ecija. One thing the startup has going for it is its driver-slash-model. "CJ is my driver, delivery guy, kargador, and model all at the same time," Sienna said, with a laugh. He then continued, "His positivity keeps me going. He believes in me so I promised myself I wouldn't let him down." Yes, every Monday, Wednesday, and Friday, Gilas Pilipinas member CJ Perez may very well be seen bringing over their goods to Balintawak where delivery services would then be the ones to take them to clients. While the 6-foot-1 playmaker, for sure, is the main man in Tanisha's, just as important are the Nueva Ecija craftsmen who make it all possible. "We decided to go home to my province as we thought it would be safer. Once we were here, I started redecorating my bedroom and found myself fascinated with our local products," his wife shared. She then continued, "I asked a local craftsman if they can do the designs of baskets, organizers, wall decors, and hanging lamps I wanted and they did them. I fell in love with each of them and posted them on social media. It gained so much attention so I thought maybe I could make this my business." Deciding to push through with it once and for all was far from easy, of course. "I was hesitant at first. I asked him, 'What if walang bumili?'" Mrs. Perez narrated. She then continued, "But CJ was so supported. He told me na, 'It's okay. If nobody buys it, then it's not for us. We'll just try another business." And so, with funds from his first year in Columbian (now Terrafirma) as well as all his games for Gilas Pilipinas and winnings from individual awards, the Perezes launched Tanisha's. Just a month into its launch, the online store has nearly two thousand followers. And the newlyweds are nothing but hopeful that this is just the start for them in business. "For now, taga-support muna ako sa gusto ng asawa ko. Sana nga, magkaroon pa kami ng malaking business," the husband said. --- Follow this writer on Twitter, @riegogogo......»»

Category: sportsSource:  abscbnRelated NewsAug 2nd, 2020

‘Do not litter your face masks!’ — EcoWaste Coalition

CEBU CITY, Philippines — While the wearing of face masks may protect a person from the coronavirus disease 2019 (COVID-19), irresponsible disposal of the single-use masks may also cause harm to others, humans and animals alike. This was the warning of the EcoWaste Coalition, a waste and pollution watchdog group, as it also raises alarm […] The post ‘Do not litter your face masks!’ — EcoWaste Coalition appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsJul 29th, 2020

Javi GDL trying to turn dream into reality with sporting goods business

Not only is Javi Gomez de Liano making sure to remain in game shape in the continuing COVID-19 crisis, he is also making it happen outside of basketball. With Cole's Sporting Goods, the University of the Philippines' sweet-shooting swingman has been giving an assist to more than a few people who themselves want to stay in shape. "I started building my own gym at home so I would contact different suppliers for equipment," he shared of the business's origin story. "One of those suppliers told me why don't I do a business since in demand ang gym equipment. I thought it over for a week and true enough, I decided to make it a business." For GDL, this is all about trying to turn another one of his dreams into reality. "Actually, nung bata pa ako, dream ko is to own a fitness gym and a basketball court. I wanna be a businessman and a trainer or a basketball coach after I retire from basketball so I see this as a stepping stone to my future goals," he said. Of course, the 21-year-old's basketball career is still ahead of him - as he is all set to see action for Nueva Ecija in the MPBL as well as the Gilas Pilipinas pool. With the pandemic putting a pause in play, though, GDL has just turned the lemons given him into lemonade. "This is my passion talaga. I'm from CHK rin kaya all the more I love that I'm doing right now," the BS Physical Education student in UP College of Human Kinetics said. Even better, Cole's has been yet another milestone for him and beau Einica Buhain. After all, the name of the business came from her. "At first, I didn't wanna let anyone know I was opening a business because I was uncomfortable. I named it after my girlfriend's second name, which is Nicole, kaya naging Cole," he said. And Buhain means much more to the business than just the name. Cole's is actually a business partnership between Javi and Einica, who is the daughter of former national swimmer and PSC Chairman Eric Buhain. "Nung simula, it was just my business, but siyempre, it was her who always supports me. She'd always offer to help out so eventually, she joined me na rin talaga," he said. He then continued, "We split the investments and all so naging business partners na rin kami in the end." Not only is the couple getting to know each other better and better, they are also getting to know more and more about life thanks to their startup. "This is all good practice actually. We get to learn a lot of life skills especially in financing and business," GDL said. He then continued, "Just like in basketball, we would make mistakes, of course, but we learn from them eventually." --- Follow this writer on Twitter, @riegogogo......»»

Category: sportsSource:  abscbnRelated NewsJul 11th, 2020

Metrobank raises $500 million from offshore debt market

The Metropolitan Bank & Trust Co. raised $500 million through the issuance of dollar-denominated senior unsecured notes to optimize the bank’s capital structure amid the COVID-19 pandemic......»»

Category: financeSource:  philstarRelated NewsJul 8th, 2020

Public Should Not Be Alarmed by Jump in Covid-19 Cases

Malacañang urged the public not to be frightened by the report that the country has recorded the highest single-day spike in coronavirus disease (Covid-19) cases in the country at 2,434 which raises the total number of cases to 44,254 as of Sunday. Presidential Spokesperson Harry Roque said while the Palace is “saddened” by the jump […].....»»

Category: newsSource:  metrocebuRelated NewsJul 8th, 2020

Palace advises quarantine, COVID-19 test in case of contact with MRT-3 staff

"If you have physical contact with ticket sellers, although there is a policy on (cashless transactions) and minimum contact, but if somehow you had contact (with MRT employees), you have to go on quarantine because we don't know who you are," Roque said......»»

Category: newsSource:  philstarRelated NewsJul 7th, 2020

Pro basketball, football clearance raises hope for volleyball

Commercial volleyball league stakeholders have high hopes that their activities will also resume soon following the government’s clearance for professional basketball and football leagues to start training. Presidential Spokesperson Harry Roque in a press briefing on Friday announced that the Inter-Agency Task Force (IATF) on Emerging Infectious Diseases gave the green light for the resumption of training for PBA and the Philippine Football League teams. The Philippine Sports Commission, Games and Amusement Board and the Department of Health drafted the guidelines for the resumption of training. Roque made no mention of volleyball in the announcement. The country’s second most popular sport next to basketball has no professional league. The Premier Volleyball League and the Philippine Superliga are both categorized as amateur or semi-professional along with the collegiate leagues including the UAAP and NCAA. “We’re preparing a request. Ang sinasabi kasi nila ay professional sports muna and sa amateurs parang wala pa eh but we’re working on it,” PVL organizer Sports Vision president Ricky Palou told ABS-CBN Sports. PSL president Dr. Ian Laurel expressed optimism that volleyball will follow suit. “Ang expectation natin ay susunod na tayo,” he said. “It’s a step in the right direction or signal that sports are being discussed in the IATF.” “That’s already a step in the right direction for us. Hindi naman mahalaga kung sino ang unang papayagan eh. Ang importante yung konsepto na yung sports eh kino-consider at napag-uusapan. Pero susunod na yan very optimistic ako,” added Laurel. While PBA and the PFL sought help from GAB, commercial leagues course their IATF request through the PSC.   “Kami ang PSC ang kailangan naming lapitan. Kapag amateur kasi PSC. What will happen is PSC will endorse it to IATF. Bahala na ang IATF kung papayag sila o hindi,” Palou said. In a separate request to the IATF last month, national sports association leaders from athletics, basketball, volleyball, football, rugby, gymnastics and karate crafted a one-month trial program for athletes to resume training under a strict health and safety protocol. The IATF has yet to decide on their requests aside from the clearance they gave to the PBA and the PFL. “We don’t know what they’re thinking on amateur sports eh kasi right now ang pinayagan lang ‘yung football and basketball professional league lang. Eh kami di naman kami pro, we’re amateurs so we’re going to PSC,” Palou said. PSL halted its ongoing Grand Prix last March at the onset of the coronavirus (COVID-19) pandemic while the PVL’s fourth season was supposed to begin last May but was pushed back because of the health crisis. Both leagues hope to resume activities once volleyball gets the go-signal from the IATF.   “We’re hoping [na mapayagan na rin ang volleyball]. They’ve already allowed football and basketball siguro naman there’s no reason why [volleyball should not be allowed to resume] as long we comply with what they want and we comply with their protocols. I don’t see why [volleyball] shouldn’t be allowed,” said Palou.     ---    Follow this writer on Twitter, @fromtheriles    .....»»

Category: sportsSource:  abscbnRelated NewsJul 3rd, 2020

IATF clears basketball, football to resume training

PBA teams can now return to practice after the government gave the green light for basketball and football training to resume after months of halt due to the coronavirus (COVID-19) pandemic. The two team sports were cleared to resume activities by the Inter-Agency Task Force (IATF) on Emerging Infectious Diseases according to Presidential Spokesperson Harry Roque. “Pinayagan na po ang practice at yung conditioning ng basketball at football sang-ayon po sa request ng PBA at ng iba pang football associations,” said Roque in a press briefing on Friday. The clearance was given to the professional basketball and football leagues with the Philippine Sports Commisision, the Games and Amusement Board and Department of Health drafting the guidelines for training.    The PBA last month submitted a request to the IATF to allow teams to resume training under strict health and safety protocols during the general community quarantine in Metro Manila.     According to the protocol submitted by the PBA, practices will be strictly for conditioning purposes only. Coaches will be barred from attending while teams will be holding practices by batches of four players, with one trainer and one health officer. Tune-up games and scrimmages are not allowed. The training clearance could pave the way for the return of the PBA’s single-conference season late this year as well as for the Philippine Football League’s resumption. Earlier, national sports association leaders from athletics, basketball, volleyball, football, rugby, gymnastics and karate crafted a one-month trial program for athletes to resume training under a strict health and safety protocols. The IATF’s approval for the resumption of basketball and football training also raises hopes for other sports to return to training activities especially another popular team sport in volleyball......»»

Category: sportsSource:  abscbnRelated NewsJul 3rd, 2020

9 new COVID-19 cases in Talisay City on June 25

CEBU CITY, Philippines — Talisay City recorded 9 new cases of Coronavirus Disease 2019 (COVID-19) according to a report from the Talisay City Public Information Office’s (PIO) Facebook page on June 25, 2020. This raises the total new number of cases in the city to 215, although only 105 of these are active. In the […] The post 9 new COVID-19 cases in Talisay City on June 25 appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsJun 26th, 2020

LTO, LTFRB to Use Online/Cashless Transactions

The Land Transportation Office (LTO) and Land Transportation Franchising and Regulatory Board (LTFRB) are going to adopt some changes to ease customer experience under the “new normal” as the global pandemic on the coronavirus disease 2019 (COVID-19) continues. On June 16, 2020, the two agencies will push for online/cashless transactions to lessen physical contact in […].....»»

Category: newsSource:  metrocebuRelated NewsJun 10th, 2020

Pandemic raises unemployment to 15-year high

Emelda Razon Aguillon, a massage therapist from Quezon City, lost her main source of income when the spa she had worked for suspended operations during the enhanced community quarantine (ECQ) in Metro Manila due to the COVID-19 pandemic. She told the Inquirer on Friday she received a P600 weekly allowance from her employer during the […] The post Pandemic raises unemployment to 15-year high appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsJun 5th, 2020