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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......»»
Mindanao Tourism Expo 2024 set on Apr 26-28 in CDO
THE Mindanao Tourism Expo (MTEx) 2024 is all set for the second biggest travel expo in Mindanao, highlighting the entire eco-tourism spots, products, and activities in the island on April 26 to 28 at Atrium of Limketkai Center, Cagayan de Oro City......»»
Christopher Nolan rebuilt Los Alamos in secret for Oppenheimer
An entire town filled with nuclear laboratories, built from scratch in the remote mountains of New Mexico, with every single person involved sworn to secrecy?.....»»
53 Mindanao lawmakers oppose secession
Describing it as a “step backward,” 53 of former president Rodrigo Duterte’s congressmen-friends in Mindanao have signed a manifesto in the House of Representatives rejecting his call for the secession of the whole region from the entire country......»»
Baguio chill drops to 9.8 degrees Celsius
Baguio City recorded the coldest temperature for the entire country so far this year at 9.8 degrees Celsius yesterday morning, as temperatures continued to drop in various parts of the country......»»
Canada urged to reconsider travel advisory
Canada should reconsider its travel advisory for its nationals regarding security risks in some parts of Mindanao, as it is inaccurate and unfairly affects the entire region, Cagayan de Oro City Rep. Rufus Rodriguez said yesterday......»»
China slams Germany for meddling in South China Sea row
Insisting anew on its claim of owning almost the entire South China Sea China has lashed back at other non-Association of Southeast Asian Nations countries allegedly meddling in the maritime disputes of the region......»»
SC opens one-stop shop for court concerns
The Supreme Court has opened a one-stop shop for court concerns to systematize and organize the workflow of processes in the SC......»»
Liberal laws, policy gaps: Rappler, ANC question need for Cha-cha to open economy
CHEERS TO Rappler and ANC's Market Edge for reviewing current laws that have opened up the economy to foreign investments. In doing so, the accounts question the purpo.....»»
Liberal laws, policy gaps: Rappler, ANC question need for Cha-cha to open economy
CHEERS TO Rappler and ANC's Market Edge for reviewing current laws that have opened up the economy to foreign investments. In doing so, the accounts question the purpo.....»»
Cebu Province declares state of calamity due to El Niño
CEBU CITY, Philippines – The Cebu Provincial Government has declared the entire province under a state of calamity. This decision follows the submission of initial reports to the provincial government, detailing the damage and losses to crops and livestock in several areas of the province caused by the ongoing drought from the El Niño phenomenon.....»»
China Coast Guard empowered to detain South China ‘trespassers’
China is now looking at detaining for 60 days without trial suspected violators of its exit and entry laws covering what it considers its territorial waters, including almost the entire South China Sea......»»
State of calamity in Iloilo due to El Niño
With damage to agriculture and livelihood breaching P1 billion, the entire province of Iloilo has been placed under a state of calamity due to El Niño......»»
PHL Jiu-Jitsu team clinches 2 silver medals in JJIF Asian Youth tilt
CEBU CITY, Philippines — The Philippine Jiu-Jitsu team finished with two silvers in the Jiu-Jitsu International Federation (JJIF) Asian Youth Jiu-Jitsu Championships held in Abu Dhabi, United Arab Emirates earlier this week. Cebuana Jiu-Jitsu ace Ellise Xoe Malilay clinched the first silver medal for the entire team in the under-18 -40 kilograms division. Completing their.....»»
City’s economic prospects in peril
Zamboanga City is proud to have the biggest and fastest-growing economy in the entire Zamboanga Peninsula......»»
Raw sugar output highest in 3 years
Local raw sugar production in the current crop year expanded to 1.86 million metric tons (MT), surpassing the previous crop year’s entire output, due to more sugarcane milled and better sweetener content......»»
El Niño: Negros Oriental under state of calamity
The entire province of Negros Oriental is now under a state of calamity because of the effects of El Niño......»»
Rain forecast, heat caution for Davao
THE state weather bureau announced on Sunday, April 21, that the entire regions of Davao and Caraga will experience slight to moderate rains due to a trough of a low-pressure area (LPA) persisting for 24 hours......»»
Government urged to lift ecozone ban in Metro Manila
The government may consider lifting the moratorium on the establishment of economic zones based in Metro Manila in order to spur more economic activity and growth for the entire country, a local official said......»»
Wasting our resources
I can with all honesty attest to the fact that during my entire career as a business journalist, we as a nation continue to waste our natural resources and that our farmers, miners, loggers, fishermen and most of the working population do not properly exploit the benefits and enjoy the rewards that our resources have provided us with......»»