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Government sticks to 6.5-7.5 percent growth target for 2024
Despite global and domestic headwinds, the government is still aiming to attain a 6.5 to 7.5 percent economic growth for this year, according to National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan......»»
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......»»
Axelum to expand global reach
With the entry of Manuel V. Pangilinan-led Metro Pacific Investments Corp. as a strategic investor, Axelum Resources Corp. is now looking to embark on a strategic program that includes expanding its global reach and product portfolio to anchor long-term growth......»»
Philippines joins global coalition on social justice
The Philippines has joined an initiative that aims to improve global cooperation in advancing social justice, decent work and inclusive growth, the International Labour Organization (ILO) announced Thursday......»»
X owner Musk says opposed to US ban of competitor TikTok
Elon Musk on Friday came out against banning TikTok in the United States, even if it would mean less competition for his social media platform X, formerly Twitter, as the initiative sees fresh bipartisan momentum in Congress......»»
Taiwan’s indispensability in preparing for future pandemics
The three years of the COVID-19 pandemic resulted in a terrible loss of life and exacerbated health inequalities. The global economy slumped and, worldwide, people’s lives were affected. This experience demonstrated that the present global health governance framework is not effective in responding to threats to global health......»»
On its 10th year, Virtual Playground rebrands to VP Global
Virtual Playground recently rebranded to VP Global Athlete and Artist Management as part of its 10th-anniversary celebration. Formed by veteran movie producer Dondon Monteverde and sports agent/businessman Charlie Dy, VP Global has been overseeing the careers of “champions and idols” in the fields of sports and showbiz......»»
Global Dominion Joins The Fight Against Scammers and Fake Accounts
Before 2023 ended, Global Dominion reported a case of unauthorized use of the company’s name in what appeared to be a mobile application. This concern was brought up by a concerned individual via Global Dominion’s customer service and complaints division (CSC). The company then submitted a report to the National Bureau of Investigation’s (NBI) Cyber.....»»
Race for global economic dominance sees striking turn of fortunes - ex-IMF official
The assumption that China will eventually overtake the US as the world's largest economy now seems less certain, Eswar Prasad has said The US has extended its lead over China in the race for the globe's largest economy, Bloomberg reported on Friday. The American economy defied forecasts in outperfo.....»»
Herro scores 24 and the Heat beat Boston 111-101 to even the series 1-1
Herro scores 24 and the Heat beat Boston 111-101 to even the series 1-1.....»»
Quiboloy not ‘armed and dangerous’ even with 19 guns – PNP
MANILA, Philippines — Kingdom of Jesus Christ (KJC) founder Apollo Quiboloy, who has an arrest warrant for sexual abuse, is not considered “armed and dangerous” even though he has 19 assorted firearms, the spokesman of the Philippine National Police (PNP), Col. Jean Fajardo said, in a press conference on Monday. Fajardo explained that under the.....»»
F1 great Lewis Hamilton kept his Ferrari move so quiet even his parents didn t know
F1 great Lewis Hamilton kept his Ferrari move so quiet even his parents didn t know.....»»
Any ‘Galentine’s Day’ ideas?
CEBU CITY, Philippines– Girls will always find a reason to spend time together, gossiping, and having the best time of their lives. Even during this love month when everyone is thinking about the perfect dates with their partners, single and in a relationship ladies are always ready to spend time with their main B’s even.....»»
Political noises that hurt peace
Being sworn to uphold the 1987 Constitution when he became the highest elected official of the land, President Ferdinand “Bongbong” Marcos Jr. (PBBM) reiterated his commitment to never to allow dismemberment of Mindanao from the rest of the Philippines, nor diminish even a square inch of the country’s territory. During his Constitution Day speech last Thursday, PBBM vowed “to defend it against any and all threats, external and internal” even up to his dying breath......»»
PEACETALK: Room for the human element in the GRP-NDFP peace framework?
NAGA CITY (MindaNews / 9 January) – As we enter the New Year, it has been noted by Satur C. Ocampo that “by all indications, the coming year will see the continuation and even intensification of devastating wars in the world… Even here in the Philippines, deadly hostilities are taking place.” Some of these recent […].....»»
Our future stands strong with the trilateral agreement
The upcoming trilateral meeting between the United States, Japan and the Philippines at the White House is perhaps one of the most consequential and significant official trips ever – perhaps even the most important engagement of President Ferdinand Marcos Jr. – mainly because it will not only strengthen our relationship with the US and Japan, but will advance economic growth and boost efforts to promote peace and security not only in the Indo-Pacific region but all around the world......»»
‘Philippines elevating to upper-middle income status next year’
The Philippines remains on track to become an upper-middle income economy in 2025, even as the government trimmed its economic growth target for this year, according to the National Economic and Development Authority......»»
Worker shortage, rising costs to slow healthcare growth
The expansion of the country’s healthcare industry may slow this year on rising costs and shortage of medical practitioners even as the demand for health services among Filipinos is on an uptrend......»»
Infrastructure spending hits lowest level in November
Government spending for infrastructure dropped to a year-low in November last year even after state agencies were ordered to catch up on their expenses to boost economic growth......»»
Consumption seen to remain under pressure
Consumption, a key driver of the country’s economic growth, is expected to be challenged this year even with easing inflation, according to UK-based think tank Pantheon Macroeconomics......»»