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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......»»

Category: newsSource:  sunstarRelated NewsJan 15th, 2024

PhilHealth members’ contribution rises to 5% in 2024

MANILA, Philippines — Philippine Health Insurance Corp. (PhilHealth) members will see a premium contribution hike from four to five percent this year. The increase is in line with the Universal Health Care (UHC) law, according to PhilHealth President and Chief Executive Officer Emmanuel Ledesma, Jr. “Kailangan natin ng pondo para matugunan ang ating mga nasimulang.....»»

Category: newsSource:  inquirerRelated NewsJan 12th, 2024

PhilHealth premium hike still under review — Palace

Communications Secretary Cheloy Garafil said President Ferdinand Marcos Jr. has yet to greenlight any increase in PhilHealth’s premium rates to ensure the fairness of any additional cost for its members......»»

Category: newsSource:  philstarRelated NewsFeb 23rd, 2024

DOT To Launch Tourism Program for OFWs

The Department of Tourism (DOT) and Department of Migrant Workers (DMW) have teamed up for the Balik Bayani sa Turismo program, recognizing the key role OFWs play in boosting the Philippine economy. Aligned with the National Government’s OFWs Reintegration Program, it focuses on providing livelihood and financial literacy opportunities through tourism training for OFWs and their […].....»»

Category: newsSource:  metrocebuRelated NewsJan 26th, 2024

Marcos Jr. studying suspension of hike in PhilHealth rates premium hike

President Marcos is studying a proposal to suspend the implementation of the five percent increase in premium rates of the Philippine Health Insurance Corp.this year, Malacañang said yesterday......»»

Category: newsSource:  philstarRelated NewsJan 17th, 2024

Unless stopped by Palace, PhilHealth premium hike proceeds

The Philippine Health Insurance Corp. has started implementing the increase in premium contributions this month, in the absence of an order from Malacañang stopping the hike......»»

Category: newsSource:  philstarRelated NewsJan 12th, 2024

DOH supak sa umento sa Philhealth premium

DOH supak sa umento sa Philhealth premium.....»»

Category: newsSource:  sunstarRelated NewsJan 18th, 2024

Premium sa Philhealth misaka sa Enero 1

Premium sa Philhealth misaka sa Enero 1.....»»

Category: newsSource:  sunstarRelated NewsJan 14th, 2024

Group seeks suspension of PhilHealth premium hike

With the financial difficulties that workers continue to face, the labor group Federation of Free Workers is seeking suspension of the increase in premiums for the Philippine Health Insurance Corp. or PhilHealth this year......»»

Category: newsSource:  philstarRelated NewsJan 15th, 2024

Government decision on PhilHealth premium hike out soon

The government will come out with a decision on whether or not to push through with the Philippine Health Insurance Corp. premium contribution rate increase “very soon,” President Marcos said yesterday......»»

Category: newsSource:  philstarRelated NewsFeb 28th, 2024

BSP issues guidelines for payment systems

The Bangko Sentral ng Pilipinas (BSP) has released its first Manual of Regulations for Payment Systems (MORPS), a formal compilation of all payment system regulations approved by the Monetary Board as of end-December 2023......»»

Category: financeSource:  philstarRelated NewsMar 23rd, 2024

India s neighbors adopt its digital payment system

New Delhi has launched its Unified Payment Interface in Sri Lanka and Mauritius, bolstering its influence in the region The leaders of India, Mauritius, and Sri Lanka have virtually launched New Delhi's Unified Payment Interface (UPI) system. The move allows Indian tourists to pay with the app while visiting t.....»»

Category: newsSource:  philippinetimesRelated NewsFeb 13th, 2024

Solon wants to pause PhilHealth contributions for minimum wage earners

A lawmaker is seeking a temporary suspension of the PhilHealth premium contributions for minimum wage earners to utilize the unspent funds of the state insurer to subsidize the premiums of low-income individuals......»»

Category: newsSource:  philstarRelated NewsFeb 20th, 2024

Rio Locsin nahirapang huminga sa taping ng Black Rider?

TRULILI kaya na wala pa ring medic sa location shoot ang GMA 7? May sitsit sa amin na sa sobrang intense raw ng eksena ni Rio Locsin sa seryeng “Black Rider” na pinagbibidahan ni Ruru Madrid ay nahirapan umanong huminga ang aktres at wala man lang daw medic na umalalay sa kanya. “Actually, nasa TikTok na.....»»

Category: newsSource:  inquirerRelated NewsMar 8th, 2024

Rio Locsin nahirapang huminga, GMA walang ‘medic’ sa mga location shoot?

TRULILI kaya na wala pa ring medic sa location shoot ang GMA 7? May sitsit sa amin na sa sobrang intense raw ng eksena ni Rio Locsin sa seryeng “Black Rider” na pinagbibidahan ni Ruru Madrid ay nahirapang huminga ang aktres at wala man lang medic na umalalay sa kanya. “Actually, nasa tiktok na nga.....»»

Category: newsSource:  inquirerRelated NewsMar 8th, 2024

Angel Locsin no plans to return to showbiz yet — Ogie Diaz

Veteran showbiz reporter Ogie Diaz revealed that Angel Locsin has no plans to return to showbiz as of the moment. .....»»

Category: entertainmentSource:  philstarRelated NewsJan 24th, 2024

Angel Locsin wala pa ring balak bumalik sa showbiz, ayon kay Ogie Diaz

MAY update ang talent manager at vlogger na si Ogie Diaz tungkol sa batikang aktres na si Angel Locsin. Ayon kasi sa kanyang latest YouTube vlog na “Showbiz Update,” maraming fans na ang naghahanap kay Angel. May iilan pa nga raw ang nagtatanong kung sila pa rin ng kanyang mister na si Neil Arce. Ang.....»»

Category: newsSource:  inquirerRelated NewsJan 22nd, 2024

UP to Marcos to suspend PhilHealth premium hike– DOH

The decision to implement or suspend the scheduled increase in the members’ contributions in the Philippine Health Insurance Corp. is up to President Marcos, according to the Department of Health......»»

Category: newsSource:  philstarRelated NewsJan 18th, 2024

Manila LGU extends deadline for applications for business permits and licenses, payment of taxes and fees

Manila Mayor Honey Lacuna announced that the city government has extended the deadline for the filing of applications of business permits and licenses as well as the payment of taxes and fees. This, according to Lacuna, is meant to give business owners and the taxpayers of Manila more time to settle their dues. The mayor […].....»»

Category: newsSource:  journalRelated NewsJan 24th, 2024

OFWs drive demand for real property

OFWs drive demand for real property.....»»

Category: newsSource:  sunstarRelated NewsFeb 24th, 2024