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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......»»
Higher GOCC remittances to help reduce debt – Marcos
Higher remittances from government-owned or controlled corporations will help cut the country’s borrowings and avoid the imposition of higher taxes, President Marcos said yesterday......»»
Japan to strengthen ties with EU to counter China s increasing market dominance
Tokyo [Japan], April 29 (ANI): Several agreements will be soon made between Japan and the European Union to ensure better cooperation on economic security, including strengthening supply chain resilience for semiconductors and other critical materials, Japanese news organization Kyodo News stated quoting its government sources on Sunday. The initiative is being pursued as a way to reduce dependency on countries like China.....»»
Experts discuss reasons why 15 percent of people may not see weight loss results on Ozempic – are you a non-responder?
Millions of Americans prescribed fat-burning shots to combat obesity In an effort to combat obesity and reduce the risk of diseases, millions of Americans have.....»»
Best-served vegetables and fruits to reduce the risk of hypertension
Hypertension, commonly known as high blood pressure, is a health issue most people experience given the constant rise in today’s temperature. Since the raging heat is not calming anytime soon, it is best that healthy alternatives, such as consuming vegetables and fruits with natural nutrients that can aid in reducing the risk of hypertension, be.....»»
Palace orders agencies’ support for crime prevention
President Marcos has ordered all government entities and encouraged local governments to support the implementation of the 2024 National Crime Prevention Program (NCPP), which seeks to provide strategies to keep communities safe, protect the rights of Filipinos and reduce crimes in the country......»»
Private firms urged to tap EWA services
The private sector is urged to tap earned wage access services to reduce financial stress among Filipinos who often run low in cash as they await the next paycheck......»»
NEDA cuts PHL additional rice import for 2016 by 25%
By Leslie D. Venzon MANILA, Dec. 17 (PNA) — The government will reduce by roughly one-fourth its planned additional volume of rice imports for the first semester of 2016 meant to boost........»»
Understanding Stress: Expert Advice from a Doctor
CNN is offering a six-part mindfulness guide in their Stress, But Less newsletter to help people reduce stress and learn to harness it. Stress can.....»»
Landbank eyes digital expansion
State-run Land Bank of the Philippines is targeting to reduce over-the-counter transactions as it moves to expand its digital services for customers......»»
Xinhua Headlines: What China s new economic pivot means for the world
by Xinhua writer Liu Bowei BOAO, China, March 30 (Xinhua) -- On a flat ground in the Mymensingh district in north-central Bangladesh, some 169,000 solar panels are laid in rows, converting sunrays into electrical power. Now, the 50 MW photovoltaic power plant serves as an epitome of Bangladesh's booming green power development, as the South Asian country has announced the decision to reduce carbon dioxide.....»»
Opinion - South China Sea- Philippines must softly manage disputes or miss out economically
Manilas assertive transparency strategy is touted as a model for managing maritime disputes but it diminishes key economic opportunities. As Chinese investment pours into other Southeast Asian countries, the Philippines must reduce geopolitical risks without acquiescing to Beijing......»»
PAGCOR cuts e-game rates to encourage more investments
State-run Philippine Amusement and Gaming Corp. will reduce remittance rates for online and on-site betting platforms by next month in a bid to encourage more investments in the gambling sector......»»
Wegovy Approved By FDA to Reduce Heart Attack Risk – The Daily Guardian
The FDA has recently approved the popular weight loss drug Wegovy for use in reducing the risk of heart attacks, strokes, and cardiovascular-related death in.....»»
Urban Agricultural Council in Baguio City sought
Urban agriculture that could thrive in Baguio City is eyed to reduce poverty, promote ecological integrity and food security......»»
Government urged to develop natural gas industry
Developing the country’s natural gas industry is critical to driving investments that will enhance national energy security, reduce electricity costs and create more jobs for Filipinos, according to the Senate committee on energy technical working group......»»
The Eco-Friendly Guide to Energy-Efficient Appliances: Tips for a Greener Home
In recent years, environmental sustainability has become a central concern for many and the concept of socially conscious consumerism has gained considerable ground. More and more, individuals are seeking ways to live in harmony with the planet and make lifestyle choices that reduce their ecological footprint. This shift towards eco-awareness isn’t just about what they […].....»»
Mandatory rainwater system in houses to reduce flooding sought
With the regular recurrence of dry spells, it is time to make the installation of a rainwater collection system “mandatory” in all buildings, residential or commercial, if only to mitigate flooding, according to a senior administration lawmaker......»»
Philippines, IRRI ink MOU to boost rice output
MANILA, Feb. 19 (Xinhua) -- The Philippines' Department of Agriculture (DA) on Monday said it has signed a memorandum of understanding (MOU) with the International Rice Research Institute (IRRI) to help boost rice production in the Philippines. The DA said the five-year MOU seeks to boost the country's rice industry through sustainable practices that enhance yield, reduce production costs, minimize post-harvest.....»»
Philippines, IRRI ink MOU to boost rice output
MANILA, Feb. 19 (Xinhua) -- The Philippines' Department of Agriculture (DA) on Monday said it has signed a memorandum of understanding (MOU) with the International Rice Research Institute (IRRI) to help boost rice production in the Philippines. The DA said the five-year MOU seeks to boost the country's rice industry through sustainable practices that enhance yield, reduce production costs, minimize post-harvest.....»»