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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......»»
LRT-2 offers free rides on April 9
The Light Rail Transit Line 2 will let passengers ride its trains for free on April 9, a public holiday......»»
LRT-1 operator names new execs
The MVP Group continues to shake up the corporate ladder, this time with the appointment of new executives at Light Rail Manila Corp......»»
LRT-2 operator expects higher revenue this year
The Light Rail Transit Authority is tracking a path to higher revenue this year as ridership is expected to rise further......»»
lRT-1 Cavite extension 97% complete
The first phase of the Light Rail Transit Line 1 Cavite Extension is 97 percent complete......»»
Metro Pacific exploring purchase of Ayala Corp.’s LRT-1 stake
Back in mid-January, news broke that Ayala Corp. was looking to sell its 35% stake in Light Rail Manila Corp. to the Villar Group, but that AC’s co-investor, Metro Pacific Investments, had the right of first refusal under its shareholders agreement......»»
MPIC to pursue buyout of Ayala stake in LRT-1
Metro Pacific Investments Corp. plans to buy out the 35 percent stake of the Ayalas in the operator of Light Rail Transit Line 1 to beef up MPIC’s portfolio for its eventual bid for other railways......»»
LRT-2, MRT-3 give free rides to commemorate DOTr s 125th year
The Light Rail Transit Line 2 and Metro Rail Transit Line 3 will be giving commuters free rides on Wednesday during the two line's peak hours......»»
Ayala Corp. is interested in selling LRT-1 stake to Villar Group
Bilyonaryo is reporting from a source that Ayala Corp. is interested in selling its 35% stake in Light Rail Manila Corp. to Manny Villar, but that Metro Pacific Investments, AC’s co-investor in LRMC, has a right of first refusal......»»
Defending the Philippines via alliances
It is time we understand that the Russian invasion of Ukraine, the increasing tension in the Taiwan Strait caused by China and the increasing pressure on the Philippines regarding the illegal possession of Philippine sovereign territory are interconnected and not isolated events......»»
Bloody rido in isolated Cotabato barangay waning down
Guns are silent in Barangay Matilac in Pigcawayan, Cotabato since last week after the military had repositioned away from each other two Moro groups that figured in deadly gunfights in the area in recent months......»»
Easterlies persist nationwide bringing hotter days ahead — Pagasa
MANILA, Philippines — The easterlies or warm winds blowing from the Pacific Ocean continue to dominate nationwide bringing hotter temperaturs in the days ahead. That is according to the state weather bureau. Even if there would be a possibility of isolated rain showers and thunderstorms in Eastern Visayas and Mindanao, hot and humid weather would.....»»
Cebu weather: Fair and pleasant in the coming days says Pagasa
CEBU CITY, Philippines – Cebu weather will be fair and pleasant over the next five days, the state weather bureau said on Saturday, April 13. The Pagasa Visayas Regional Services Division has forecasted that the Visayas, including the whole of Cebu, will experience cloudy to partly cloudy skies with a chance of isolated rain showers.....»»
Hot weather to prevail nationwide on Saturday — Pagasa
MANILA, Philippines — Hot weather and high humidity are expected nationwide on Saturday, according to the state weather bureau. However, isolated rain showers and thunderstorms could still occur in the afternoon and evening, according to Ana Clauren-Jorda, weather specialist of the Philippine Atmospheric, Geophysical and Astronomical Services Administration (Pagasa). “We will continue to experience hot.....»»
Cebu weather: Partly cloudy to cloudy skies in the next five days
CEBU CITY, Philippines — Metro Cebu and the rest of Cebu province will have partly cloudy to cloudy skies with isolated rainshowers due to the easterlies or localized thunderstorms in the next five days, according to the Philippine Atmospheric, Geophysical and Astronomical Services Administration (Pagasa) in Mactan. In a weather forecast released on Saturday morning,.....»»
Remains of widower found in mountain area of Sibonga
CEBU CITY, Philippines – The remains of a 78-year-old man, Juan Palmero Ordanieza, were discovered in a mountainous area in Barangay Banlot, Sibonga, Cebu on Thursday afternoon, February 29, 2024. Juan reportedly lived alone in the mountainous area of the barangay, isolated from neighbors. According to Cereno, Juan was last seen by his relatives on.....»»
All set for transfer of first 8 Philippine eagles to new breeding sanctuary
DAVAO CITY (MindaNews / 10 February) – Preparations are now in full swing for the transfer of the first eight Philippine eagles to the isolated National Bird Breeding Sanctuary (NBBS) in Barangay Eden, Toril District on Tuesday, February 13, a Philippine Eagle Foundation (PEF) official said Friday. PEF communications officer Nathaniele Noelle Nuelan told MindaNews the raptors […].....»»
Universal Health Care Program to benefit 288,000 Lumads in Agusan Sur
SAN FRANCISCO, Agusan del Sur (MindaNews / 31 January)—The Universal Health Care (UHC) program launched by the Philippine Health Insurance Corporation (PhilHealth) here starting January 1 this year is set to benefit the 288,353 indigenous peoples (IPs) in this landlocked province. The UHC beneficiaries—hailing from the Manobo, Higaonon, Banwaon, and Tala-andig tribes—reside in geographically isolated, […].....»»
Trough of LPA to bring isolated rain showers in Mindanao — PAGASA
In its 4 a.m. bulletin, PAGASA said that the SOCCSKSARGEN region may experience cloudy skies with moderate to heavy rains, which may result in possible flash floods or landslides due to the trough of the LPA or the extension of LPA......»»
2 motorcycle thieves, shabu dealers face raps in Maguindanao del Norte
Two men tagged in 13 motorcycle thefts and known for distributing shabu in isolated barangays in Maguindanao del Norte are now both detained, awaiting prosecution......»»