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Another money changer gets license revoked by BSP

The Bangko Sentral ng Pilipinas (BSP) has cancelled the registration of another money changer as the regulator continues to ramp up its campaign against illegally operating money service businesses (MSBs)......»»

Category: financeSource:  philstarRelated NewsApr 21st, 2024

Valentine’s Day tips for talking about money as a couple

NEW YORK (AP) — Money might not be the most romantic topic for Valentine’s Day, but talking about finances with your significant other is a key element of a healthy relationship. Money problems are one of the most common reasons couples separate, said Emily Simonian, head of clinical learning at Thriveworks, a mental health company......»»

Category: newsSource:  inquirerRelated NewsFeb 11th, 2024

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......»»

Category: newsSource:  sunstarRelated NewsJan 15th, 2024

Covid lowered life expectancy by 1.6 years worldwide — study

COVID-19 caused the average life expectancy of people worldwide to fall by 1.6 years during the first two years of the pandemic, a more dramatic decline than previously thought, a major study said Tuesday. This marked a sharp reversal during a decades-long rise in global life expectancy, according to hundreds of researchers sifting through data.....»»

Category: newsSource:  inquirerRelated NewsMar 12th, 2024

EDITORIAL Stuck in the gray list

While moving heaven and Earth to amend the Constitution ostensibly to attract more foreign investments, the government is taking its sweet time getting out of the so-called gray list of jurisdictions under increased monitoring for money laundering and counterterrorist financing......»»

Category: newsSource:  philstarRelated NewsFeb 26th, 2024

LIST: 21 medicines added to VAT-exempt list

The Bureau of Internal Revenue has expanded its list of medicines which are exempt from the value added tax......»»

Category: financeSource:  philstarRelated NewsJan 31st, 2024

Kartzone Cebu Racing Team celebrates recent wins, eyes bigger races in 2024

CEBU CITY, Philippines — There’s a new racing team in Cebu that will surely give everyone a run for their money.  They’re no other than the KartZone Cebu Racing Team that recently made waves in the national karting scene.  Amazingly, this team isn’t composed of veteran and hard-nosed drivers, but a bunch of talented kids.....»»

Category: newsSource:  inquirerRelated NewsMar 17th, 2024

China sending probe to less-explored far side of moon

TAIPEI, Taiwan - China is preparing to launch a lunar probe Friday that would land on the far side of the moon and return with samples that could provide insights into geological and other differences between the less-explored region and the better-known near side.The unprecedented mission would be the latest advance in the increasingly sophisticated and ambitious space exploration program that is now competing.....»»

Category: newsSource:  manilanewsRelated NewsMay 3rd, 2024

China launches probe to get samples from less-explored far side of the moon

China launches probe to get samples from less-explored far side of the moon.....»»

Category: newsSource:  sunstarRelated NewsMay 3rd, 2024

MCWD: Supply Dropped, expect less water

MCWD: Supply Dropped, expect less water.....»»

Category: newsSource:  sunstarRelated NewsApr 4th, 2024

[Two Pronged] My mom keeps asking me to send money for my sister’s gambling debts

'Two years ago I said enough was enough and sent money only for my mother’s expenses, no matter how much she asked me to help, no matter how big my sister’s gambling problem seemed. She did not talk to me for two months.'.....»»

Category: newsSource:  rapplerRelated NewsJan 14th, 2024

Philippines will increase military presence in islands facing Taiwan

MANILA, The Philippines: The Philippines is set to bolster its military presence on islands adjacent to Taiwan, aiming to enhance its territorial defense capabilities, as announced by Defense Secretary Gilberto Teodoro. During his visit to naval facilities on the remote Batanes islands, less than 125 miles from Taiwan, Teodoro instructed the military to increase troop deployments and called for the development o.....»»

Category: newsSource:  philippinetimesRelated NewsFeb 10th, 2024

Philippines Defense Secretary wants more troops in islands near Taiwan

MANILA, The Philippines: The Philippines is set to bolster its military presence on islands adjacent to Taiwan, aiming to enhance its territorial defense capabilities, as announced by Defense Secretary Gilberto Teodoro. During his visit to naval facilities on the remote Batanes islands, less than 125 miles from Taiwan, Teodoro instructed the military to increase troop deployments and called for the development o.....»»

Category: newsSource:  manilanewsRelated NewsFeb 10th, 2024

China urges Philippines not to play with fire on Taiwan question

The Chinese Foreign Ministry on Thursday urged the Philippines not to "play with fire" on the Taiwan question. According to reports, the Philippines' defense chief has ordered the military to boost the number of troops and structures on the Batanes islands which are less than 200 km from China's Taiwan region. In response at a daily press briefing, Wang Wenbin, a spokesperson for the Chinese Foreign Minis.....»»

Category: newsSource:  manilanewsRelated NewsFeb 9th, 2024

China urges Philippines not to play with fire on Taiwan question

The Chinese Foreign Ministry on Thursday urged the Philippines not to "play with fire" on the Taiwan question. According to reports, the Philippines' defense chief has ordered the military to boost the number of troops and structures on the Batanes islands which are less than 200 km from China's Taiwan region. In response at a daily press briefing, Wang Wenbin, a spokesperson for the Chinese Foreign Minis.....»»

Category: sportsSource:  abscbnRelated NewsFeb 9th, 2024

‘Business as usual’ for FDCP after Tirso Cruz III resigns as chair

It’s “business as usual” for the Film Development Council of the Philippines amid the surprise resignation of Tirso Cruz III, who served as chair of the government agency for film for less than two years......»»

Category: entertainmentSource:  philstarRelated NewsMar 14th, 2024

How to make money from your talents: Sharon Cuneta shares ideas

Want to pursue your passion but don’t know if you can make money from it?.....»»

Category: entertainmentSource:  philstarRelated NewsMar 22nd, 2024

Comelec registration hits 1 million new voters in less than a month

The Commission on Elections (Comelec) said there are more than a million registration applicants, barely a month after the registration period started on Feb. 12. Comelec Chair George Erwin Garcia said on Saturday as of March 6, a total of 1,027,572 applications were processed nationwide in Comelec offices, satellite centers and “Register Anywhere Program” (RAP).....»»

Category: newsSource:  inquirerRelated NewsMar 10th, 2024

Infectious pertussis disease rising in Philippines with 54 deaths

MANILA, April 9 (Xinhua) -- The Philippines' Department of Health (DOH) on Tuesday said that the contagious bacterial disease called pertussis continues to spread in the country, noting that 54 children have died from the respiratory disease. From Jan. 1 to March 30, the DOH tallied 1,112 cases, or "almost 34 times that of the same period last year," with 54 deaths. "All 54 deaths are less than 5 years old," DOH.....»»

Category: newsSource:  manilanewsRelated NewsApr 13th, 2024

Plugging loopholes and leakages

Less than two years after it took effect, Republic Act 11900, or the Vaporized Nicotine and Non-Nicotine Products Regulation Act, may already need a thorough review in order for our legislators to find out whether indeed there are serious flaws and loopholes in the law and in its implementation and enforcement......»»

Category: financeSource:  philstarRelated NewsJan 26th, 2024