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45 crore Jan Dhan accounts have accumulated Rs 2.1 lakh crore: Anurag Thakur
New Delhi [India], February 17 (ANI): Union Minister Anurag Thakur on Friday inaugurated the 2024 Annual Government and Institutional Business Meet of the Federal Bank and asserted that under the Jan Dhan scheme around 45 crore bank accounts have been opened. Addressing an audience of the officials and employees of the bank, the Minister at the very outset, congratulated Federal Bank for an all-time high share price. Reca.....»»
45 crore Jan Dhan accounts have accumulated Rs 2.1 lakh crore: Anurag Thakur
New Delhi [India], February 17 (ANI): Union Minister Anurag Thakur on Friday inaugurated the 2024 Annual Government and Institutional Business Meet of the Federal Bank and asserted that under the Jan Dhan scheme around 45 crore bank accounts have been opened. Addressing an audience of the officials and employees of the bank, the Minister at the very outset, congratulated Federal Bank for an all-time high share price. Reca.....»»
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......»»
2 Korean nationals charged for robbing businessman in Cebu City
CEBU CITY, Philippines – Police here have filed charges against the two Korean nationals who allegedly robbed a businessman in Barangay Banilad, Cebu City last Tuesday, April 2, 2024. According to police, the suspects were charged for robbery with homicide, frustrated homicide, and direct assault. The arrested persons were identified as Yong Hee Kim, 45;.....»»
Clergy woman tells UN how Anti-Terror Act is used vs rights defenders
Human rights group Karapatan, said there are at least 91 individuals who have been charged with violations of the ATA and Republic Act No. 10168 or the law on the prevention and suppression of terrorist financing. There are also at least 27 political prisoners charged under both laws. The post Clergy woman tells UN how Anti-Terror Act is used vs rights defenders appeared first on Bulatlat......»»
Ex-Google engineer charged with stealing AI trade secrets
Ex-Google engineer charged with stealing AI trade secrets.....»»
Pinoys charged for abandoning corpses arrested anew for murder
Two Filipinos earlier charged for allegedly abandoning the dead bodies of a Japanese couple in Tokyo in January have again been arrested, this time on murder charges. .....»»
Chinese charged with kidnapping arrested
Chinese charged with kidnapping arrested.....»»
Extortionist nabbed, charged with estafa in Mandaue
CEBU CITY, Philippines – A 53-year-old extortionist was arrested and charged with estafa for extorting money from old female victims by pretending to have personal connections at the Bureau of Internal Revenue in Mandaue City, Cebu. After one of her victims sought the help of authorities, the woman was arrested during an entrapment operation on.....»»
2 filmmakers charged
2 filmmakers charged.....»»
Minister charged with corruption took tickets to F1 races, musicals
Minister charged with corruption took tickets to F1 races, musicals.....»»
2 Pasig hotel execs charged over senior’s discount
Two executives of a hotel in Pasig were charged by the city prosecutor’s office for not giving a senior citizen her 20-percent discount......»»
177 cops charged for drug offenses
More than 170 police officers have been charged with drug-related offenses in Metro Manila and about 120,000 people have been placed behind bars under the administration’s war on drugs, President Marcos reported yesterday......»»
Get your crowns ready: SIX the Musical hitting Manila in October
The award-winning production "SIX the Musical" will be staged in the Philippines this October......»»
LANY to return to Philippines in October 2024
Pop-rock band LANY fulfilled their promise to return to Manila as they announced that they will bring their "A Beautiful Blur World Tour" to Philippine Arena on October 12. .....»»
2.4M Dabawenyos working as of Oct 2023
The October 2023 Preliminary Employment report by the Philippine Statistics Authority-Davao Region (PSA-Davao) reveals that 64 percent of the 3.780 million Dabawenyos aged 15 and above are part of the labor force, indicating that 2.42 million individuals are employed. This represents a 1.8 percentage point increase from the previous year. The report also highlights a 97.1 percent employment rate in the Davao Region as of October 2023, with a 2.9 percent unemployment rate, lower than the national average. Despite this, the region still maintains the highest employment rate in the Philippines. Additionally, the report compares employment rates across different regions, with Soccsksargen, Barmm, Central Luzon, CAR, Caraga, Western Visayas, Cagayan Valley, Mimaropa, and Central Visayas surpassing the national average. The Bangsamoro Autonomous Region in Muslim Mindanao (Barmm) records the highest labor force participation rate among 17 regions, while the Zamboanga Peninsula has the lowest rate. The data is collected through the Labor Force Survey (LFS) conducted quarterly and monthly by the PSA central office and its regional statistical services offices. The Davao Region, with nearly 6 million inhabitants, remains the 7th most populous region in the country......»»
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......»»
Philippines central bank keeps key interest rates unchanged
MANILA, April 8 (Xinhua) -- The Philippine central bank opted Monday to keep the bank's target reverse repurchase rate at 6.5 percent, and the interest rates on the overnight deposit and lending facilities at 6 percent and 7 percent respectively. In a press conference, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona said the latest inflation path has shifted slightly higher but still remains within targe.....»»
PH Remains One of the Fastest Growing Economies in East Asia and Pacific, World Bank Says
The World Bank retains its positive outlook on the Philippine economy despite foreseen challenges. According to their April 2024 East Asia and Pacific Economic Update, the World Bank projects a 5.8 percent economic growth for the Philippines this year — the East Asia and Pacific region’s second fastest-growing economy. Moreover, the said update also adjusted […].....»»
UnionDigital Bank revenue grows to over P5 billion
UnionDigital Bank, the digital banking arm of Aboitiz-led Union Bank of the Philippines, saw its revenue grow to over P5 billion in 2023 mainly driven by higher deposits and loans......»»