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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......»»
Cebu Daily Newscast: Ando punches second Olympics ticket as Hidilyn Diaz-Naranjo misses
Listen to Cebu Daily Newscast to know the latest news inside and outside Cebu City. Here’s what you need to know on Thursday, April 4, 2024. Ando punches second Olympics ticket as Hidilyn Diaz-Naranjo misses Cebuana weight-lifter Elreen Ando is the latest Filipino athlete to qualify for the 2024 Paris olympics, after a strong.....»»
Yeung At Heart: Jewelle Yeung Paints Motherhood and Astronauts at Qube Gallery
On February 8, Qube Gallery presented ‘Familiar Echoes,’ which showcased the diverse stories of Cebuana artists through photographs and paintings. Among these paintings was Jewelle Yeung’s ‘Same Place, Different Time,” a favorite of art patrons at the exhibit opening. Cebu-based artist Jewelle Yeung has never been to space, but she is an astronaut. Yeung started.....»»
“This little weirdo made it!”: Art and Design with Amanda LuYm at Qube Gallery
Purpose is not easy to find, but at the age of nine, Amanda LuYm already declared hers to her family. A proud Cebuana, LuYm was among the four Cebu-based artists whose works were featured in Qube Gallery’s ‘Familiar Echoes’ show on February 8. “I told my dad I’m going to be a designer, and then.....»»
Filipinas’ U-17 squad bows to England in MIMA Cup
CEBU CITY, Philippines —The Philippine Women’s National Football Team’s U-17 squad opened their MIMA Cup 2024 campaign with a 0-2 defeat against England on Monday evening at the Pinatar Arena in Murcia, Spain. The PWNFT’s U-17 squad, where one Cebuana, Jelena Loren Soon, suited up, fell short despite their defensive efforts throughout the match. They.....»»
Cebu’s Elreen Ando bags two silver medals in Olympic qualifiers
CEBU CITY, Philippines—Cebuana Olympian Elreen Ando claimed two silver medals in the women’s 59-kilogram division of the ongoing 2024 Asian Weightlifting Federation (AWF) Asian Championships-Olympic Qualifiers on Monday, February 5, in Tashkent, Uzbekistan. Ando, who was accompanied by her coach Ramon Solis and was with four other Filipina weightlifters, lifted a total of 213 kilograms......»»
PFDA commits to increased dividend payments to Treasury
Department of Agriculture’s Philippine Fisheries Development Authority announced in a statement that it would remit 75% of its dividend payouts coming from the prior 50% after Finance Secretary Ralph Recto requested the government firm to increase its remittances to the government. .....»»
Japan credit rater bullish on Philippine growth this year
The Philippine economy is likely to grow by six percent this year, mainly driven by robust private consumption amid easing prices and stable remittances, Japan Credit Rating Agency Ltd. said......»»
Dollar remittances hit record high
The strong finish in December due to the holiday season boosted dollars sent home by Filipinos abroad to reach an all-time high of $37.2 billion in 2023, the Bangko Sentral ng Pilipinas said......»»
India’s biggest port operator eyes Bataan for expansion
India’s largest commercial port operator is eyeing to expand its operations in the Philippines, citing the country’s “stable” regulations and business environment under President Marcos......»»
SM Prime to expand mall footprint in China
The SM Group is keen on further expanding its mall presence in China......»»
Honoring a Philippine Human Rights Icon - Human Rights Watch
Click to expand Image Human rights lawyer and former senator Rene Saguisag holds a copy of a book about the martial law period in the Philippines while describing his ordeal in detention, Manila, September 26, 2018. 2018 Bullit Marquez-AP Photo The Philippines on April 23 lost a human rights stalwart. Rene Saguisag, a human rights lawyer and former senator, defended victims of abuses during the Ferdinand Marcos dictatorsh.....»»
Should You Have a New Product Line Already?
So you’ve opened up your small business and launched your first product line, be it coffee, a certain perfume or scent, or a range of pastries. Now you’re seeing that many people are buying your product. Now you see yourself asking ‘is it time to develop another product?’ The urge to expand and diversify your […].....»»
PPA readies P1.5 billion for Leyte, Bohol port projects
The Philippine Ports Authoritywill spend more than P1.5 billion to construct a new port in Leyte and expand an existing one in Bohol to boost trade activities in Visayas......»»
AEV seeks to grow non-power businesses
Conglomerate Aboitiz Equity Ventures Inc. (AEV) aims to significantly expand the contribution of its non-power business in the coming years as part of the group’s diversification strategy......»»
ATI to spend P2.7 billion for ports upgrade
The operator of some of the largest ports in the Philippines is increasing its capital expenditures to P2.7 billion this year, seeing the need to expand its capacity as trade recovers here and abroad......»»
Road flaring to be implemented at Mandaue runabout system
MANDAUE CITY, Philippines — A few changes will be implemented at the intersection of U.N. Avenue and D.M. Cortes St. in Mandaue City to improve the roundabout system. Mandaue City Mayor Jonas Cortes announced on Monday that road flaring will be conducted to expand the cross section, allowing vehicles to smoothly make right turns. Additionally,.....»»
Tobacco output seen surpassing 42 million kg this year
The country’s tobacco production this year could expand to a three-year high of over 42 million kilograms on the back of higher demand and better prices, the National Tobacco Administration (NTA) said......»»
Over 20 local brands eye overseas expansion
Over 20 Filipino brands intend to expand and bring their products and services overseas, according to the Philippine Franchise Association......»»
Angkas backs Marcos’ openness to expand motorcycle taxi industry
President Marcos in the Bagong Pilipinas Townhall Meeting on Traffic Concerns held recently in San Juan underscored the significance of motorcycle taxis in the daily lives of Filipinos......»»