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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......»»
Consumers express mixed reactions on slight power rate increase
Consumers of Davao Light and Power Co., Inc. have expressed mixed reactions to a slight increase in the overall power rate starting January 2024. The increase is attributed to higher market prices affecting the generation rate. Noriza Mabanding, a virtual assistant, noted the impact on her energy usage and the need to schedule appliance usage to save energy. Jenalyn Manguiob, a small business owner, expressed dissatisfaction with the increase's effect on her business but acknowledged the global market's influence and the importance of conserving energy. The increase amounts to P0.0774 per kWh, resulting in a minor increase in electricity bills for residential customers......»»
Exploring a world of creativity
FROM portraits to makeup to cosmetic tattoos and clothing, 26-year-old Dabawenya artist Goldie Siglos, known for her brand Bulawan (which means ‘gold’ in Bisaya), explores a diverse array of creative expressions. Goldie attended Brokenshire College of Toril for her basic education before pursuing a bachelor's degree in Fine Arts Major in Fashion Design at the Philippine Women's College......»»
FPRRD to deal with ICC probe, won’t seek help from PBBM
FORMER President Rodrigo Duterte will be dealing with the International Criminal Court’s (ICC) probe regarding his administration's war on drugs, and won't seek any help from his successor, President Ferdinand "Bongbong" Marcos Jr......»»
Newborn found, rescued in Calinan
A newborn baby boy was discovered and rescued at Apigo Farm in Calinan, Davao City on January 22, 2024. Elmer Cawayan, a caretaker at the farm, found the infant wrapped in a black cloth and promptly alerted the authorities. The baby is currently under the care of the Calinan Police Station, City Social Welfare and Development Office, and Barangay Disaster Risk Reduction and Management Council. A video posted online expressed outrage at the parents' abandonment of the child, while the newborn is receiving medical attention at Dr. Lorenzo Principe Clinic. The Calinan Police Station is actively investigating to identify the infant's parents......»»
DPWH tallies 268 gov’t and school buildings partially destroyed in Hinatuan quake
The Department of Public Works and Highways (DPWH) in Davao Region reported that a total of 268 school and national government buildings were partially destroyed by the magnitude 7.4 earthquake that struck Hinatuan, Surigao del Sur on December 2. The estimated damage amounted to P108,497,894.84 for school buildings and P1,899,365.60 for national government buildings. The damages included cracks on walls and falling debris such as ceilings. According to Engr. Alexander Turingan of DPWH XI, there were no reported damages in Davao Occidental and Davao del Sur. Franz Irag, Office of Civil Defense (OCD) XI operations head, emphasized the importance of addressing damages to school buildings, which also serve as evacuation centers during calamities. Dean Ortiz, spokesperson of DPWH XI, highlighted the agency's focus on national roads and bridges, clarifying that they will respond to requests to inspect private and government buildings. Architect Kashagar Toghyani, officer-in-charge of the Office City Building Official (OCBO) of Davao City, urged private building owners to promptly engage professional engineers to assess structural integrity, especially for buildings housing more than 10 individuals. He emphasized the necessity of fire inspections and transparency with building occupants to ensure their safety. The recent earthquakes did not affect government buildings in the Davao Region, and DPWH is committed to conducting thorough assessments and ensuring the safety of buildings and their occupants in the aftermath of the quake......»»
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.....»»
NEWS BRIEFS | 06 March 2024
6 Army engineering battalions harnessed for combat CAGAYAN DE ORO (MindaNews / 06 March) – The Philippine Army activated six reorganized engineering battalions into combat units as the Armed Forces of the Philippines shifts its attention from internal to territorial defense. The engineering battalions are currently deployed around Marawi City, helping in the rehabilitation and […].....»»
Myanmar’s military gov’t. to start drafting 5K people a month for military service
Myanmar’s military gov’t. to start drafting 5K people a month for military service.....»»
North Korea’s leader says he has no desire for talks with South Korean gov’t
North Korea’s leader says he has no desire for talks with South Korean gov’t.....»»
UN expert calls for abolition of NTF-ELCAC, tolerance of PH gov’t to dissent
“The whole concept of freedom of expression is to be able to say what you want even if it offends the other side. The government should encourage a greater culture of tolerance.” -- Special Rapporteur on Free Expression and Opinion Irene Khan The post UN expert calls for abolition of NTF-ELCAC, tolerance of PH gov’t to dissent appeared first on Bulatlat......»»
CSF gov t extends deadline for business permit renewal
CSF gov t extends deadline for business permit renewal.....»»
Low subsidy forces LRTA to cut budget for train rehab
The Light Rail Transit Authority is cutting its budget for the restoration of trains to make the most of the lower subsidy given to the agency this year......»»
Espinoza: No budget for coastal roads?
Espinoza: No budget for coastal roads?.....»»
Marcos approves release of P9.7 billion unprogrammed funds for DPWH projects
President Marcos has approved the release of P9.7 billion from the unprogrammed funds for public works and road repair whose original budget was slashed and included in the P60 billion in last-minute insertions in the 2024 national budget by some members of the House of Representatives......»»
GMA reveals inadequacy of government plan and budget for climate change
GMA reveals inadequacy of government plan and budget for climate change.....»»
GMA reveals inadequacy of government plan and budget for climate change
GMA reveals inadequacy of government plan and budget for climate change.....»»
Council-approved 2024 annual budget ‘ready for implementation’
Council-approved 2024 annual budget ‘ready for implementation’.....»»
Boys Over Flowers star Oguri Shun, Han Hyo Joo to star in romantic series — reports
Korean actress Han Hyo-joo is reportedly going to star with Japanese star Oguri Shun in a romantic comedy series......»»
Charter Day bonus for gov’t employees may be more than P25k
CEBU CITY, Philippines – Casual and regular employees of the Cebu City government may receive a Charter Day bonus exceeding P25,000. This was revealed by Cebu City Councilor Noel Wenceslao, who chairs the committee on budget and finance. In an interview over a Teleradyo program earlier this week, Wenceslao mentioned the possibility of city hall.....»»