Insolvency and Bankruptcy Code helped banks to recover from NPA: Nirmala Sitharaman
New Delhi [India], May 30 (ANI): The Insolvency and Bankruptcy Code (IBC), introduced by the PM Modi-led government, is a landmark reform that introduced a legal unified framework for resolving issues of financially-stressed companies, said Finance Minister Nirmala Sitharaman. Sitharaman, in a post on social media platform X, added that the code has played an important role in resolving insolvencies. "The code has brought.....»»
CPP dismisses military’s deadline for annihilation of NPA
The Central Committee of the CPP, in a statement on the 55th founding anniversary of the NPA, said that the Party’s third rectification movement is frustrating government plans to annihilate the NPA, adding that all 14 NPA regional commands remain intact. The post CPP dismisses military’s deadline for annihilation of NPA appeared first on Bulatlat......»»
Nearly 50,000 UK businesses on verge of collapse - report
Construction and real estate are among the hardest hit sectors, researchers say The number of UK businesses on the brink of bankruptcy skyrocketed by more than a quarter at the end of last year amid a "debt storm" triggered by a series of interest rate hikes, a report from a group of insolvency specialists re.....»»
Fisker reportedly hires bankruptcy consultants [Updated statement from Fisker]
Electric vehicle manufacturer Fisker is facing financial turmoil as it reportedly hires restructuring advisers to navigate a potential bankruptcy filing, as reported by the Wall.....»»
Fabric and craft company JOANN Inc. files for bankruptcy – The Daily Guardia
JOANN Inc., a popular fabric and craft company based in Hudson, has recently filed for bankruptcy in Delaware State. The Chapter 11 petition listed assets.....»»
Mga sinungaling! : Eat Bulaga denies shutting down due to bankruptcy
"Eat Bulaga" hosts Tito Sotto and Joey de Leon addressed naysayers spreading that the noontime show is ending soon due to bankruptcy......»»
Philippines declares 'strategic defeat' of NPA rebels
MANILA, March 26 (Xinhua) -- The Philippines declared on Tuesday a "strategic defeat" of the New People's Army (NPA) rebels, who have been fighting against the government since the 1960s, saying there is no more active guerilla fronts in the country. Eduardo Ano, National Security Adviser and former chief of staff of the Armed Forces of the Philippines, said "thousands" of NPA insurgents have decided to return t.....»»
Philippines declares 'strategic defeat' of NPA rebels
MANILA, March 26 (Xinhua) -- The Philippines declared on Tuesday a "strategic defeat" of the New People's Army (NPA) rebels, who have been fighting against the government since the 1960s, saying there is no more active guerilla fronts in the country. Eduardo Ano, National Security Adviser and former chief of staff of the Armed Forces of the Philippines, said "thousands" of NPA insurgents have decided to return t.....»»
Bomb maker ng CPP-NPA timbog
ARESTADO ang isang opisyal ng Communist Party of the Philippines-New People's Army (CPP-NPA) na siya ring bomb maker ng grupo habang iba't ibang sangkap at gamit sa paggawa ng bomba ang nasamsam sa bahay nito sa ikinasang operasyon ng mga awtoridad noong Sabado sa Pio Duran, Albay. The post Bomb maker ng CPP-NPA timbog first appeared on Abante......»»
Alleged female NPA leader in Western Mindanao killed in Zamboanga Sur
ILIGAN CITY (MindaNews / 28 February) – An alleged senior leader of the New People’s Army (NPA) in Western Mindanao was killed during a clash with soldiers in Dumingang, Zamboanga del Sur Tuesday morning, February 27. Maj. Gen. Gabriel C. Viray III, Philippine Army’s 1st Infantry “Tabak” Division commander, identified the slain NPA official as […].....»»
SC junks developer’s bid to recover lands from PCGG
The Supreme Court has denied a petition by property developer Ortigas & Co. Limited Partnership to recover two properties that it claimed it was forced to sell to the Marcoses......»»
ADB approves 655,000 USD to help Philippine rural banks digitization
MANILA, Feb. 19 (Xinhua) -- The Asian Development Bank (ADB) on Monday said it will provide grants totaling 655,000 U.S. dollars for the digitization of nine rural banks and a bank consortium in the Philippines. The grants are part of ADB's Fintech for Inclusion Transformation (FIT) program. The grant awardees were chosen from among rural banks nationwide serving women, farmers, fisherfolk, and micro, sma.....»»
ADB approves 655,000 USD to help Philippine rural banks digitization
MANILA, Feb. 19 (Xinhua) -- The Asian Development Bank (ADB) on Monday said it will provide grants totaling 655,000 U.S. dollars for the digitization of nine rural banks and a bank consortium in the Philippines. The grants are part of ADB's Fintech for Inclusion Transformation (FIT) program. The grant awardees were chosen from among rural banks nationwide serving women, farmers, fisherfolk, and micro, sma.....»»
Public sector banks doing better in managing NPAs vis-a-vis their private counterparts: FICCI-IBA survey
New Delhi [India], March 21 (ANI): Public sector banks in India are doing better in comparison to their private sector counterparts in terms of non-performing assets, a survey conducted by industry body FICCI and banking association Indian Banks' Association (IBA) found. A nonperforming asset refers to loans or advances that are on the brink of default. According to the survey, a large majority (77 per cent) of the respon.....»»
Delivery drivers urge Mayor Baste for business permit exemption
Title: Delivery Drivers Seek Exemption from Business Permit Requirement A group of delivery drivers in Davao is urging Mayor Sebastian Duterte to exempt them from the mandatory business permits. The drivers, including those from various delivery apps such as Grab and FoodPanda, are concerned about the financial burden imposed by the business permits, which range from P2,000 to P6,000. They argue that this requirement is unique to Davao City among all cities and provinces in the Philippines. Grab rider Rolando Atico emphasized the need for solidarity among all delivery drivers, regardless of the app they work for. He urged fellow drivers to support each other, as the financial impact may extend beyond just Grab and FoodPanda. Atico also requested Mayor Duterte to reconsider the requirement and reinstate the previous occupational permit, which only cost P125. The group is facing a 30-day deadline to obtain the business permits, and they are citing financial constraints as a reason for their request for an extension. Failure to comply could result in their removal from the delivery platforms, jeopardizing their livelihoods. Additionally, they are advocating for changes to Davao City's Revenue Code, proposing a model similar to Cebu City, where only an occupational permit is required. The drivers are also calling for an inquiry into the lack of transparency and unilateral actions of food delivery companies, particularly concerning rider capitalization and financial concerns. They believe that a thorough investigation will help ensure fairness and equity in their financial obligations and working relationship with the delivery companies. Maribel Paguican, the Business Bureau officer-in-charge, stated that non-certified delivery riders categorized as service contractors must obtain a business permit. She mentioned two permits for occupational and business activities, with a discounted structure for delivery riders. However, concerns have been raised about increased taxes, potentially ranging from P3,000 to P6,000, along with an additional tax on top of the declared income of P1,400. The delivery drivers' plea for exemption from the business permit requirement reflects their concerns about the financial impact and the potential threat to their livelihoods. Their call for solidarity and support from fellow drivers highlights the urgency of the situation. This story sheds light on the challenges faced by delivery drivers in Davao and the implications of the business permit requirement on their financial well-being. It also underscores their efforts to seek fairness and equity in their working relationship with the authorities and delivery companies......»»
Women-owned businesses getting more loans; non-performing assets less than 2.5 pc: Smriti Irani at WEF
Davos [Switzerland], January 17 (ANI): Union Women and Child Development Minister Smriti Irani said her government in New Delhi is working with a mantra of women-led development, and it has helped in empowering them. She said the PM Awas housing scheme, where a majority of the beneficiaries are women, and the Ujjwala gas connection for poor women have helped empower them. The total number of gas connections in India rose.....»»
Women-owned businesses getting more loans; non-performing assets less than 2.5 pc: Smriti Irani at WEF
Davos [Switzerland], January 17 (ANI): Union Women and Child Development Minister Smriti Irani said her government in New Delhi is working with a mantra of women-led development, and it has helped in empowering them. She said the PM Awas housing scheme, where a majority of the beneficiaries are women, and the Ujjwala gas connection for poor women have helped empower them. The total number of gas connections in India rose.....»»
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).....»»
PSC working on WADA Code
The Philippines faces the risk of being barred from competing at the Paris Olympics and the Paralympic Games and in all regional and continental meets, including the Asian Games and Southeast Asian Games and the world championships, unless the Philippine Sports Commission (PSC) complies with the World Anti-Doping Agency (WADA) Code......»»
Public servants’ code of conduct, ethical standards
The Center for Global Best Practices will hold a special online training titled Code of Conduct and Ethical Standards for Public Officials and Employees to be held on Feb. 23 from 1:30 to 4:45 p.m. via Zoom......»»
Constitutionality of Bangsamoro Local Government Code challenged at SC
COTABATO CITY (MindaNews / 01 March) — Three governors from the Bangsamoro Autonomous Region in Muslim Mindanao filed this week a petition before the Supreme Court challenging the constitutionality of the recently passed Bangsamoro Local Government Code (BLGC). Governor Abdusakur Tan of Sulu, Governor Mamintal Adiong of Lanao del Sur and Governor Bai Mariam Mangudadatu […].....»»