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Ralph Recto sworn in as new Secretary of Department of Finance
House Deputy Speaker Ralph Recto [link] was sworn in as the new Secretary of the Department of Finance on Friday, replacing the former Secretary, Benjamin Diokno, in a move that has been seemingly in the works for quite some time......»»
Ralph Recto named as new Finance secretary
In a statement, Senate President Juan Miguel Zubiri said that he welcomes Recto’s appointment as the new Finance chief, remarking that Recto was known in the Senate as the “resident numbers genius.”.....»»
Another green loan on the table for PLDT
Telco giant PLDT Inc. is planning to acquire another sustainable loan within the year, this time to help finance some of its initiatives in bridging the digital divide......»»
Indian firms to offer solutions for finance, agri, health at tech summit
Over 57 Indian tech companies will present their digital products and solutions in areas like fintech, agritech, and healthtech at the first ever India-Philippines Tech Summit on March 5 in Taguig City. .....»»
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).....»»
Explained: PDIC and How It Works
At some point, I’m sure you’ve seen the acronym “PDIC” and “PHP500,000” together somewhere, especially if you’re constantly in digital banking apps or physical branches up and about. In the world of finance, understanding mechanisms that safeguard your hard-earned money is of utmost importance. One key player in this domain is the Philippine Deposit Insurance […].....»»
Traders, middlemen blamed for soaring commodity prices
The soaring prices of basic commodities in the market despite the wide gap in farmgate and retail prices are brought by as much as 200 percent profit of middlemen and traders, according to administration lawmakers......»»
Budget gap widens to P273 billion in 3 months
The country’s budget shortfall slightly increased in the first quarter as the government continued to spend more than what it generated from revenues......»»
House to probe farmgate, retail prices gap
he House of Representatives will conduct an inquiry into the spiraling cost of basic commodities amid low farmgate prices when session resumes on April 29......»»
Philippine daily wage insufficient to meet family living expenses
MANILA, Philippines — The nationwide daily wage disparity averaged P762 as of March 2024, with the daily minimum wage averaging only P440, the think tank Ibon Foundation said on Wednesday. Data from the Ibon Foundation showed that the wage gap was computed based on the average daily minimum wage and the average family living wage.....»»
Lady Tamaraws, Lady Falcons collide in pivotal match
Far Eastern University tries to widen its gap from multiple chasers for the coveted fourth spot, while Adamson wants to stay in the thick of the race when they figure in a crucial duel in the UAAP women’s volleyball tournament......»»
Bridging the Gap: Navigating Europe’s Growing Rural-Urban Divide
In an era defined by relentless challenges, the European Union (EU) stands at a critical juncture. Described as a ‘permacrisis,’ this period is marked by.....»»
Government budget back to deficit in February
The government reverted back to a budget deficit in February after a quick surplus at the start of the year, but a narrower gap can still be expected as the tax season draws near......»»
Xinhua world economic news summary at 0900 GMT, April 1
MANILA -- The Philippine government's budget deficit increased to 164.7 billion pesos (2.93 billion U.S. dollars) in February, the country's Bureau of the Treasury said Monday. "The wider budget gap stemmed from the 22.14 percent year-over-year increase in expenditures, matched with moderate revenue growth of 5.73 percent," the bureau said. With the February turnout, the bureau said the year-to-date fiscal balan.....»»
What makes Ricci Rivero and Leren Bautista compatible
Ricci Rivero and Leren Bautista crossed paths in the feeding program held last year in Los Baños, Laguna in celebration of Ricci’s birthday. Leren, a councilor in Los Baños, was invited to participate in the event. That meeting led to something beautiful and romantic. The five-year gap between the two is like a magnet for other people to make snippy comments. The couple is handling it well. The beauty queen-turned-politician answers back by using her wit, while Ricci doesn’t care much about the criticism......»»
Heart mamahaling mga damit ang regalo kay Chiz, ang kapalit…sardinas
NAPAKARAMI na ring pinagdaanang pagsubok at problema nina Heart Evangelista at Sen. Chiz Escudero bilang mag-asawa. Aminado ang Kapuso actress, tulad ng mga ordinaryong married couples, nagkakaroon din sila ng hindi pagkakaunawaan at issues sa kanilang relasyon. Naniniwala si Heart na naging big factor sa pagsasama nila as husband and wife kanilang age gap –.....»»
PWDs, elderly want more employment opportunities
Some establishments are hiring persons with disabilities and the elderly. But the Philippines still has a long way to go to close the gap......»»
Education s old problems, new stop-gap measures: Why media need to look at the bigger picture
THE CRISIS in education may not be the only serious challenge facing the new year. But it has certainly captured media coverage and more public attention engaging stakeholders, not just students, teachers and parents but also business and industry leaders.Unfortunately, the government has responded not with a comprehensive plan or strategy to address the failure of Filipino students to learn basic skills and ins.....»»
Trade deficit narrows to $4 billion in December
The country’s trade deficit narrowed in December as both exports and imports declined, bringing the full-year 2023 trade gap to $52.42 billion, down from the previous year’s shortfall of $57.65 billion, the Philippine Statistics Authority said......»»
Trade gap expected to widen further
The Philippines’ trade deficit is expected to widen further this year amid weaker exports and stronger imports, according to Dutch financial giant ING......»»