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Digital banks seen profitable in 5-7 years
Digital banks in the Philippines need five to seven years to become profitable, as only two out of six online lenders are doing well so far, according to the Bangko Sentral ng Pilipinas......»»
Philippines, German central banks partner on capacity-building
The central banks of the Philippines and Germany have formalized their partnership on capacity-building through the signing of a memorandum of understanding......»»
Banks’ bad loans swell in 2023
The soured loans of Philippine banks picked up to 3.23 percent in 2023 from the almost two-year low in 2022, according to the Bangko Sentral ng Pilipinas......»»
RCBC the best PH bank by network uptime, and UBP ranks at the bottom
Brankas, a Singapore-based fintech software and services provider, published its first annual ASEAN Bank Stability Report to measure the network uptime performance of ASEAN-region banks, and RCBC finished in the top spot among banks in the Philippines with an uptime of 98.3% (31 hours total downtime) including a stretch of seven months with zero downtime events......»»
More groups to establish Islamic banks in Philippines
More groups are looking at establishing Islamic banks in the Philippines as the first branch of the new banking classification is expected to open soon, according to the Bangko Sentral ng Pilipinas......»»
BSP pursues reforms to modernize banks
The Bangko Sentral ng Pilipinas is pursuing policy reforms to modernize Philippine banks and ensure a sustainable, digital and inclusive banking future......»»
State of free speech will affect PH standing in the United Nations
If the Philippines wants to be a member of the United Nations Security Council it has to raise its standards, says UN special rapporteur.....»»
Group bats for lease-free broadband connectivity for digital economy growth
A digital advocacy network said that the Philippines should lift the lease payments for the setup of internet connection, emphasizing that it will have a positive impact on Filipino web users......»»
As global economy slows, Philippines bats for intensified financing solutions
The Philippines has called on multilateral financial institutions to step up support and financing solutions to developing nations as the global economy hits a critical point of further slowdown......»»
Altamirano bats for 3x3 hoops as better fit for Filipino ballers
If you were to ask Coach Eric Altamirano, Filipinos have a “better shot” in 3x3 basketball compared to the usual five-a-side games......»»
Security Bank, Helios team up for solar energy in households
Security Bank Corp. has tied up with climate fintech firm Helios to boost the access of Filipino homeowners to clean and sustainable energy......»»
Lapu-Lapu City signs agreement with private firm for socialized housing project
LAPU-LAPU CITY, Cebu —The Lapu-Lapu City Government has entered into an agreement with a private firm for a socialized housing project in Barangay Calawisan that is scheduled to be realized this year. On Thursday, April 4, Mayor Junard “Ahong” Chan and Johndorf Ventures Corporation President/CEO Richard Lim formally signed a Deed of Donation for the.....»»
City deploys more than 7K safety, security personnel for Araw ng Dabaw
TIGHT security will be strictly implemented for the opening of the 87th Araw ng Dabaw as 7,050 integrated personnel from the Davao City Public Safety and Security Office (PSSO) will be deployed on the opening of the event on March 1, 2024......»»
Police: No truth to bomb threat at PI’s prayer rally
The Davao City Police Office (DCPO) has debunked a text message claiming a bomb threat at the People's Initiative (PI) “Unity for One Nation, One Prayer” rally in San Pedro Square. The message warned of possible explosions at Rizal Park, one of the rally venues. Despite the lack of credible threats, the police urged vigilance and cooperation from the public for safety. Approximately 300 police personnel were deployed to secure various rally points, with additional support from volunteers and security clusters. Task Force Davao also activated a high alert status as part of the city's security measures. Captain John Louie Dema-ala confirmed that the circulating threat was unfounded and aimed at intimidating rallyists. Despite this, nearly 17,000 Dabawenyos joined the rally to oppose the proposed Charter change (Cha-cha) movement. The police and security forces remain vigilant and are conducting ongoing investigations into the social media threat......»»
Groups slam media security chief for red-tagging ahead of UN expert’s visit
Altermidya and the NUJP said Presidential Task Force on Media Security executive director Paulino Gutierrez’s attack against journalist Frenchie Mae Cumpio also proves the absurdity of his agency’s continued existence. The post Groups slam media security chief for red-tagging ahead of UN expert’s visit appeared first on Bulatlat......»»
Korean firm Miru Systems bags vote counting machine contract for 2025 polls
The Commission on Elections has awarded Korean firm Miru Systems with the contract to supply the vote counting machines for the 2025 midterm elections......»»
Over 14K security personnel to be deployed for Davraa 2024
THE Davao City Public Safety and Security Office is all set to ensure the security and safety of delegates to the Davao Regional Athletics Association (Davraa) to be held from April 1 to 7, 2024......»»
Lapses in water security
There is no way around it, because for sure, lapses in water security could lead to problems in food security......»»
More than 3,500 security forces deployed for Sinulog 2024
CEBU CITY, Philippines – More than 3,500 security forces were sent off on Wednesday, January 10, 2024, to secure the 495th Fiesta Señor and Sinulog Festival celebrations. The send-off ceremony was held at the SM Seaside Concert Ground and was attended by Cebu City Mayor Michael Rama. The troops, who were from the different security.....»»
Training on ICC model for international sales contracts
The Center for Global Best Practices will host an in-person training on the International Chamber of Commerce model for international sales and contracts, its relevant rules, standards and practices, on April 23, from 9 a.m. to 5 p.m. at the EDSA Shangri-La Hotel, Mandaluyong City......»»