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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......»»
BDO to raise P5 billion via sustainability bonds
BDO Unibank Inc. is raising at least P5 billion as it returned to the domestic debt market via the issuance of peso-denominated fixed-rate sustainability bonds......»»
Mixed movements in oil prices seen next week
Pump prices of fuel products may see mixed movements next week, with gasoline continuing its downward trend and an uptick in diesel and kerosene prices following a recent rally in global oil prices......»»
At least naalala niya : Vice Ganda quips on Showtime contestant s birth certificate
Vice Ganda showed that he keeps updated with the news and social issues in the country as seen in recent episodes of "It's Showtime.".....»»
Maggie Wilson says protection order barred her from seeing, posting about son
Model Maggie Wilson revealed that she has not seen her son Connor for almost two years. .....»»
Project S.O.S. seen to enhance services for seniors in Mandaue
MANDAUE CITY, Cebu – Mandaue City is implementing a One-Stop-Shop project to further enhance its services for senior citizens. Called “Project S.O.S” or “Solving Mandaue City’s Ageing Problem Tomorrow, Today,” this will focus on making sustainable services more accessible to the city’s elderly residents. “Targeted na atoang mga programa because we want to give more.....»»
Mother s Day: Angelica Panganiban, Maxine Medina share how motherhood changed them
Celebrity mothers Angelica Panganiban and Maxine Medina have seen their lives take a brief but necessary pause since becoming moms......»»
Oil prices seen to decline again next week
Pump prices for fuel products could decline again next week, as oil prices in the Asian market fell amid favorable global political and economic conditions, according to the Department of Energy......»»
Industrial Northwest Redevelopment Plan Includes Streetcar Extension and Housing
The Montgomery Park Area draft plan envisions a new neighborhood in an underutilized part of the city. by Taylor Griggs Northwest Portland has seen significant changes over the last several decades. The Pearl District and Slabtown neighborhoods, formerly dominated by industry, are now some of the citys chicest enclaveswith an impressive number of affordable housing developments and public transit options to boot. But Nort.....»»
Surge in consumer spending seen this year
Consumer spending in the Philippines is expected to surge this year due to easing inflationary pressures, healthy employment conditions and lower borrowing costs, according to BMI Country Risk & Industry Research......»»
Catriona Gray removes Sam Milby engagement photos on Instagram
Social media users are asking what is happening between Miss Universe 2018 Catriona Gray and actor Sam Milby after the host-beauty queen's engagement photo was not seen on her Instagram account. .....»»
More mines seen to open amid push for e-vehicles
The Philippines will likely see more mines opening up within as early as three years as the government expedites its push for electronic vehicles......»»
Marcos hopes for Philippines-EU FTA by 2027
President Marcos is hoping to conclude negotiations for a free trade agreement between the Philippines and the European Union by 2027 that is seen to further boost trade and investments between the country and the EU......»»
April inflation seen breaching 4 percent target
Inflation likely picked up and breached the four percent upper target for the first time in five months in April, which will prompt the Bangko Sentral ng Pilipinas (BSP) to keep its hawkish stance, a poll of economists showed......»»
Another oil price cut seen next week
Another rollback of pump prices may be implemented next week, according to Department of Energy (DOE) – Oil Industry Management Bureau assistant director Rodela Romero......»»
DavNor tourism dips; new Senate probe on power outages pressed
A GOVERNMENT agency has noted that the usual strong inflow of tourists in Davao del Norte still needs to be seen deep into the summer season......»»
Search on for woman last seen at viral stall
Police are searching for a woman from Taytay, Rizal who has been missing for two weeks after she visited the viral food stall Diwata Pares in Pasay City......»»
WATCH: Daniel Padilla shares clip of new Batangas theme park with castle
On Instagram, the actor shared its promotional clip where he is seen sleeping in his pajamas until he wakes and is transported into its fold......»»
Challenge accepted : Marian Rivera teases Marimar dance in new post
Marian uploaded a short clip on TikTok where her silhouette is seen dancing the hip-swinging steps of Marimar against a red backdrop. .....»»
Different types of mentors
The renowned English scientist Sir Isaac Newton famously remarked, “If I have seen further, it is by standing on the shoulders of giants.” Newton expressed gratitude for the intellectual foundation laid by those who preceded him. He acknowledged that his discoveries were built upon the contributions and insights of those before him......»»