Navigating Challenges in B2B Cross-Border Payments
Cross-border payments are vital to B2B operations, enabling businesses to extend their reach globally. While these transactions offer opportunities for international trade, they also present.....»»
SSS releases P257 billion in benefit payments
State-run pension fund Social Security System released P257.4 billion in benefit payments to 4.7 million members last year......»»
Philippines posts 740 mln USD deficit in January
MANILA, Feb. 20 (Xinhua) -- The Philippines' overall balance of payments (BOP) posted a 740 million U.S. dollars deficit in January 2024, a reversal from the 3.1 billion dollars BOP surplus recorded a year ago, the country's central bank has said. The Bangko Sentral ng Pilipinas (BSP) said on Monday that the BOP deficit in January reflected outflows arising mainly from the national government's payments of its f.....»»
Philippines posts 740 mln USD deficit in January
MANILA, Feb. 20 (Xinhua) -- The Philippines' overall balance of payments (BOP) posted a 740 million U.S. dollars deficit in January 2024, a reversal from the 3.1 billion dollars BOP surplus recorded a year ago, the country's central bank has said. The Bangko Sentral ng Pilipinas (BSP) said on Monday that the BOP deficit in January reflected outflows arising mainly from the national government's payments of its f.....»»
BSP hits 50 percent target in digitized payments
The Bangko Sentral ng Pilipinas managed to hit its goal of shifting half of total retail payments to digital channels in 2023, with more small businesses likely to onboard moving forward......»»
SEC-Davao advises timely submission of requirements for amnesty payments
The Securities and Exchange Commission (SEC) Davao Extension Office is reminding corporations who have participated in the amnesty program to ensure timely submission of required documents by January 31. Failure to comply will result in forfeiture of payments and incurring additional penalties as outlined in SEC Memorandum Circular No. 20, series of 2023. Non-compliant corporations must submit their latest General Information Sheet (GIS) and Annual Financial Statement (AFS) through the SEC Electronic Filing and Submission Tool (eFAST). Meanwhile, suspended or revoked corporations should submit their petitions along with necessary documents to the Extension Office via email at secdavao@gmail.com. For more information, applicant-corporations can contact SEC Davao Extension Office at 0932-973-8791. It is important to note that the Commission is planning to implement a substantial increase in basic penalties for late and non-filing of reports post-amnesty period, with penalties potentially increasing by up to 1,900 percent......»»
PDIC now accepts digital payments through Land Bank of the Philippines’ Link.BizPortal facility
PDIC now accepts digital payments through Land Bank of the Philippines’ Link.BizPortal facility.....»»
BTI Payments partners with Southstar Drug to expand Philippines footprint
BTI Payments Philippines Inc., a wholly owned subsidiary of Australia’s Banktech, has partnered with Southstar Drug to further expand its footprint in the Philippines......»»
Holy Week: A sacred journey and cross bearing
Holy Week: A sacred journey and cross bearing.....»»
Filipino villager to be nailed to a cross for the 35th time on Good Friday to pray for world peace
MANILA, Philippines (AP) — A Filipino villager plans to be nailed to a wooden cross for the 35th time to reenact Jesus Christ’s suffering in a brutal Good Friday tradition he said he would devote to pray for peace in Ukraine, Gaza and the disputed South China Sea. Ruben Enaje, a 63-year-old carpenter and sign.....»»
Tai Bundit eyes Spikers Turf title with Criss Cross King Crushers
Returning head coach Tai Bundit is setting the bar high in his first coaching stint back in the Philippines after three years, as he takes the reins over at new Spikers Turf team Criss Cross King Crushers......»»
216 flood victims fall ill after eating dinner in Red Cross outreach program
SAN FRANCISCO, Agusan del Sur (MindaNews / 20 February) – At least 216 residents in remote Barangay Tandang Sora, Esperanza town of this province, who were affected by floods, fell ill after eating dinner provided by the Philippine Red Cross (PRC) Monday evening. In a press conference Tuesday morning, Dr. Maria Theresa Labiao, Esperanza municipal […].....»»
Montemayor, Quiñones shine in 7/11 Trail Cross-Country Marathon
Emmanuel Dave Montemayor went back-to-back in the men’s division as national team mainstay Eusebia Nicole Quiñones reigned supreme in the women’s side of the highly-anticipated 7/11 Trail Cross-Country Marathon......»»
NEWS BRIEFS | 19 February 2024
DOT-10 opens historical trail in Cagayan de Oro The Department of Tourism-Region 10 (DOT-10) has launched the “Cagayan de Oro Historical Trail Walkthrough,” which covered the historical sites in the city. The trail will start at the wooden cross in front of the St. Augustine Metropolitan Cathedral in downtown Cagayan de Oro. The cross, erected in […].....»»
Toral: Digitalization is key to addressing supply chain challenges
Toral: Digitalization is key to addressing supply chain challenges.....»»
2 Basilan military commanders tackle potential challenges
2 Basilan military commanders tackle potential challenges.....»»
World Bank urges Philippines to address funding, infrastructure challenges
The Philippines need to address challenges in terms of funding, lack of digital infrastructure and technical competencies as local government units are looking to develop smart cities, the World Bank said......»»
Job insecurity, climate change pose challenges in Philippines human development – UNDP
The lack of job security and the high exposure to climate and disaster risks are seen as challenges to the country’s economic growth and human development, making it necessary to make investments in climate resilience and education, according to the United Nations Development Program......»»
Airspeed: Overcoming challenges to achieve success in 2024
Airspeed: Overcoming challenges to achieve success in 2024.....»»
Uncertainty looms over Davao-Samal Bridge project amid RoW hurdles
The construction of the Samal Island-Davao City Connector (SIDC), also known as the Davao-Samal Bridge project, has faced numerous setbacks due to right-of-way (ROW) acquisition challenges. The project was halted on January 3, 2024, due to issues with landowners near a pier in Lanang at Davao City, leading to delays in the project's implementation. While there have been conflicting statements regarding the project's status, the National Economic and Development Authority-Davao Region (Neda-Davao) aims to complete the detailed engineering plans for the substructure of the west land via dock once the Deed of Transfer Possession in Davao City is released. However, ROW issues continue to persist. Despite these challenges, the project is still considered a priority and is included in the Davao Region Development Plan (DRDP) for 2023–2028. The project is funded through China’s Official Development Assistance with an estimated budget of P23.04 billion, and negotiations with the Philippine government are ongoing with a target completion date in 2027. The uncertainty surrounding the project's timeline remains as ROW hurdles persist, impacting the much-anticipated toll-free four-lane concrete exodus bridge spanning a 3.98-kilometer distance......»»
Agri secretary, PHILSHRIMP tackle shrimp industry challenges
Agri secretary, PHILSHRIMP tackle shrimp industry challenges.....»»