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PSALM expects P100 billion from CBK privatization
The Power Sector Assets and Liabilities Management Corp. (PSALM) is expected to generate as much as P100 billon from the privatization of the 796.46-megawatt (MW) Caliraya-Botocan-Kalayaan (CBK) hydroelectric power plant complex in Laguna, bolstering the cash position of the cash-strapped state firm......»»
Kilalang personalidad may pinautang na P100-M, gusto ‘cash’ kapag ibabalik?
“NO!” ang sagot ng kilalang personalidad sa taong may malaking pagkakautang sa kanya na mahigit P100 milyon. Ayon sa aming source, ang pag-aaring magandang resort ang ibinabayad ng taong may malaking pagkakautang sa kilalang personalidad pero tumanggi ang huli dahil ang gusto niya ay cash o liquid ang ibayad. Nabanggit pa na hindi lang naman.....»»
‘The P100 plus per day minimum wage rate?’
The big issue on labor policies in the country today is the plan to enact a law to increase the existing minimum wage by P100 per day......»»
Biz groups against P100 salary hike
Biz groups against P100 salary hike.....»»
Labor groups cheer Senate’s approval of P100 wage hike bill
Labor groups cheer Senate’s approval of P100 wage hike bill.....»»
‘Informal workers to benefit from P100 wage hike’
Contrary to an employers’ group’s claim, informal workers would also benefit from the proposed P100 legislated wage increase, according to labor group Partido ng Manggagawa......»»
Senators defend P100 wage hike
Senators yesterday defended their legislated salary increase recently passed on second reading, following a comment from an Employers Confederation of the Philippines (ECOP) official who called the P100 wage hike a “catastrophe.”.....»»
Business groups oppose P100 wage hike
Business groups oppose P100 wage hike.....»»
Labor group defends proposed P100 daily minimum wage increase
Labor group defends proposed P100 daily minimum wage increase.....»»
P100-M illegal drugs seized in 3 days in Central Visayas
P100-M illegal drugs seized in 3 days in Central Visayas.....»»
Expanded centenarian law set for signing
President Marcos is set to sign the expanded centenarian law tomorrow that would give P10,000 cash aid to the elderly for each age milestone and another P100,000 when they reach 100......»»
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......»»
Boracay Water pipelines P240 million for service upgrade
Boracay Island Water Co. Inc. has earmarked P240 million to bankroll its capital expenditure this year to improve water and wastewater services in Boracay Island......»»
BrahMos missile system supplies from India continue to reach Philippines under USD375 million deal
New Delhi [India], April 21 (ANI): Supplies of the BrahMos supersonic cruise missiles from India to the Philippines under a USD 375 million deal, continue as part of the contract between the two nations, defence officials said. The missile system supplies reached at an air base in Manila from India in a chartered Ilyushin-76 transport aircraft on Sunday, they said. Officials from India and the Philippines are receiving th.....»»
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).....»»
PSE spending $11 million to upgrade trading engine
The Philippine Stock Exchange Inc., the operator of the country’s only stock market, is not letting up on its efforts to be up to par with global stock exchanges with investments of about $11 million to bolster its operations......»»
Missile system sa Northern Luzon pinalagan ng Makabayan
Nais ng tatlong kongresistang miyembro ng Makabayan bloc na mapaimbestigahan sa Kamara de Representantes ang tinanim na missile system umano ng Estados Unidos sa Northern Luzon. The post Missile system sa Northern Luzon pinalagan ng Makabayan first appeared on Abante......»»
Filing of complaints now easier with CARe System – DTI
The DTI introduced the DTI Consumer Complaints Assistance and Resolution System (CARe System) to the general public on 13 October 2023 held at the New World Hotel Manila......»»
Cebu City eyes ‘Singapore-like’ railway system to improve transport
CEBU CITY, Philippines – A Singapore-like railway system is being eyed by the Cebu City government in a bid to improve the transport system in the city. This was after Cebu City Councilor Rey Gealon, chairman of the Traffic Management Committee (TMC), penned a resolution urging the Department of Transportation (DOTr) to conduct a study.....»»
USAID to launch $30 million initiative to boost higher education in Philippines
The US Agency for International Development is set to launch this year a $30-million initiative to help strengthen the country’s higher education system, according to the National Economic and Development Authority......»»