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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......»»
Sayonara and Kon’nichiwa
“Most challenging, most wonderful, most exciting, most valuable, and most meaningful,” was how former Toyota Motor Philippines president Atsuhiro Okamoto described his four-year stint in the Philippines as he gave his farewell speech last Tuesday, Feb. 20, at the Grand Hyatt Hotel during the formal turnover of the TMP presidency to his successor, Masando Hashimoto......»»
BPI sells shares in GoTyme Bank
The Bank of the Philippine Islands sold its 752 million common shares of GoTyme Bank Corp. to GoTyme Financial Pte. Ltd. and Giga Investment Holdings Pte. Ltd, the bank said yesterday......»»
45 crore Jan Dhan accounts have accumulated Rs 2.1 lakh crore: Anurag Thakur
New Delhi [India], February 17 (ANI): Union Minister Anurag Thakur on Friday inaugurated the 2024 Annual Government and Institutional Business Meet of the Federal Bank and asserted that under the Jan Dhan scheme around 45 crore bank accounts have been opened. Addressing an audience of the officials and employees of the bank, the Minister at the very outset, congratulated Federal Bank for an all-time high share price. Reca.....»»
45 crore Jan Dhan accounts have accumulated Rs 2.1 lakh crore: Anurag Thakur
New Delhi [India], February 17 (ANI): Union Minister Anurag Thakur on Friday inaugurated the 2024 Annual Government and Institutional Business Meet of the Federal Bank and asserted that under the Jan Dhan scheme around 45 crore bank accounts have been opened. Addressing an audience of the officials and employees of the bank, the Minister at the very outset, congratulated Federal Bank for an all-time high share price. Reca.....»»
Non-banks’ domestic claims up by 15 percent in Q4
The domestic claims of non-bank financial institutions increased by 15 percent to P9.05 trillion in the fourth quarter of 2023 from P7.87 trillion in the same quarter in 2022, based on a survey of the Bangko Sentral ng Pilipinas (BSP)......»»
Poll: Pinoys still most concerned with inflation
Seven in 10 Filipinos have identified inflation as among their most urgent national concerns, a recent survey conducted by Pulse Asia showed......»»
Sweltering heat across Asia was 45 times more likely because of climate change, study finds
Sweltering heat across Asia was 45 times more likely because of climate change, study finds.....»»
Despite survey, Cha-cha should proceed, says congressman
Both houses of Congress should pursue economic Charter amendments despite a Pulse Asia survey early last month showing that 88 percent of Filipinos do not support the initiative, Cagayan de Oro City 2nd District Rep. Rufus Rodriguez said yesterday......»»
Survey says...
Filipinos don’t want Charter change, according to the latest Pulse Asia Survey......»»
House leaders question Cha-cha survey results
Two House leaders yesterday questioned the latest Pulse Asia survey results which showed that 88 percent of Filipinos are opposed to the amendment of economic provisions in the 1987 Constitution......»»
Survey shows Cha-cha still unpopular with Filipinos — Senate leaders
Senate President Juan Miguel Zubiri said that the findings of the survey by private pollster Pulse Asia, which was released on Wednesday, show that Charter change is an "unpopular move.".....»»
Valentine’s 2024: Survey says more Filipinos want money over love
The same SWS survey says the number of people who have no love life has gradually increased through the years.....»»
DepEd, DOH, DSWD top performing agencies – survey
The Department of Education received the highest satisfaction rating and remained the most trusted among government agencies included in a survey conducted by the OCTA Research group......»»
‘Presidentiables’ surveys
What if you are included in a survey of potential presidential aspirants, and you land in the top three of the most preferred, but you sincerely don’t intend to run and don’t want to be included in the survey?.....»»
Party-list rep: Concerted effort to discredit Pulse survey?
Unlike most of her colleagues in the House of Representatives, ACT Teachers party-list Rep. France Castro thinks the Pulse Asia survey results on Charter change are “valid.”.....»»
ASEAN expands regional payment connectivity
The Association of Southeast Asian Nation has onboarded Brunei Darussalam Central Bank and Bank of the Lao PDR in ramping up cross-border payments in the region, bringing the number of total central banks participating in the regional payment connectivity initiative to eight......»»
Trump opens up lead over Biden in rematch many Americans don’t want
A survey finds 67% of Americans are 'tired of seeing the same candidates in presidential elections and want someone new.' But only 18% said they would not vote if Biden and Trump were their choice......»»
Moody’s outlook: Philippine banks remain on stable footing
Moody’s Investors Service has maintained a stable outlook for Philippine banks as interest rate cuts from the Bangko Sentral ng Pilipinas this year are seen to support economic recovery......»»
Banks’ bad loans swell in 2023
The soured loans of Philippine banks picked up to 3.23 percent in 2023 from the almost two-year low in 2022, according to the Bangko Sentral ng Pilipinas......»»