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PSE EASy platform now accepts online banking for payment of IPO subscriptions
The PSE announced that it added some new features to the PSE EASy platform that allow Local Small Investors (their words, not mine) to buy IPO and follow-on offering shares using an online banking payment system......»»
Authentic System Solutions streamlines processes and workflows
Discover how Authentic System Solutions can help streamline your construction business processes & workflows. Founded in 2013, Authentic System Solution is a Cebu-based Software Company with over 100 active clients nationwide and is compliant with BIR Computerized Accounting System (CAS) requirements. “Our goal is to help our client’s process and workflows in-place based on the.....»»
UnionBank income plummets in Q1
Union Bank of the Philippines booked a net income of P2 billion in the first quarter, down by 41.2 percent from the same period a year ago, as the bank continued to allocate resources toward its takeover of the retail banking business of global banking giant Citi in the Philippines......»»
UnionBank profit down 28 percent to P9.2 billion in 2023
The earnings of Union Bank of the Philippines dropped by 27.8 percent to P9.2 billion in 2023 from P12.74 billion in 2022, as the listed bank booked higher provisioning and integration costs from the takeover of the retail banking business of global banking giant Citi in the Philippines......»»
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......»»
Official statement of Aksyon Klima Pilipinas on the 10th anniversary of super-typhoon Yolanda
Parties at the 2023 UN climate negotiations in Dubai, United Arab Emirates must set up a L and D Fund and associated funding arrangements that is aligned with the imperative of preventing even more peoples and ecosystems from experiencing extreme climate change impacts......»»
Advocates call for climate emergency in Mindanao
PMCJ urged the local governments in Mindanao to strengthen the capacity of localities to deal with the impacts of climate change, provide adequate shelter to displaced communities, and review current disaster prevention and response programs......»»
Change: 5 reasons why we should not fear it, embrace the shift
CEBU CITY, Philippines— Change is the only constant thing in the world. Change can sometimes be a menace or it can sometimes be a blessing. Just a mere mention of this word sends shivers down our spine with the thought of uncertainty or the chaos that comes from our doubting thoughts. Change isn’t scary like.....»»
ICTSI to build $800 million terminal in Batangas
International Container Terminal Services Inc., the listed ports giant led by tycoon Enrique Razon, has no desire of slowing down its domestic expansion, as it will invest $800 million to build a container terminal in Batangas......»»
Nestle, Danone see price hikes slowing after years of sharp increases
LONDON/PARIS (Reuters) -Two of the world’s top consumer goods companies, Danone and Nestle, said on Thursday they will slow price increases in 2024 after two years of hikes that prompted many shoppers to seek cheaper alternatives for basic goods like yoghurt and coffee. But Danone, which owns brands including Evian and Badoit waters and Activia.....»»
PLDT buys 35% of Meralco unit
Telco giant PLDT Inc. is showing no signs of slowing down its broadband expansion, this time investing P2.12 billion to acquire more than a third of shares in a sister subsidiary......»»
More banks keen on green financing – BSP
More banks in the Philippines have expressed interest to finance green and sustainable projects in the country amid the need to fund efforts that would mitigate impacts of climate change......»»
IFC investing $500 million to address Philippines development challenges
The private sector arm of the World Bank Group is aiming to invest up to $500 million in the current fiscal year in the Philippines to support efforts to address climate change, financial inclusion and infrastructure development......»»
Phl boxers gird for Olympic qualifiers
Five male and five female boxers are out to join Eumir Marcial in representing the country in the coming Olympics but their road to Paris will go through tough qualifiers in Busto Arsizio, Italy, on Feb. 29-March 12 and in Bangkok, Thailand, on May 23-June 3......»»
Climate change erodes education outcomes: World Bank
Washington [US], May 11 (ANI/WAM): A new World Bank policy note presents latest evidence on how climate change is eroding education outcomes, including through increased school closures, and what to do about it. Over the past 20 years, schools were closed during around 75 percent or more of the extreme weather events that impacted 5 million people or more. It's now common for a country to close their schools multiple time.....»»
‘Climate change inaction cost to reach P1.4 trillion by 2030’
The cost of inaction against climate change could reach P1.4 trillion by 2030, or about eight percent of the 2020 gross domestic product, the Department of Environment and Natural Resources said yesterd.....»»
Critical minerals are key to the green movement
Given the effects of climate change that are already being felt around the globe especially among the most vulnerable countries like the Philippines, there is now greater urgency in finding fast and high- impact solutions that would at least slow down, if not reverse, global warming......»»
Taking the first steps towards an Asean Food Security Alliance
In the face of climate change and the realization of how fragile our global food supply chains are, I think it is high time we took the first steps to ensure food security not just for our country but also for our neighbors in the ASEAN......»»
Vanishing Ice, Vanishing Giants: The Urgent Tale of Polar Bears on International Polar Bear Day
by: Assaf Levy, BioDB International Polar Bear Day, celebrated on February 27th, highlights the plight of polar bears amidst the melting Arctic ice and climate change. It's a day that calls for global awareness and action towards preserving these majestic creatures and their h.....»»
Data centers: Phl’s new investment magnet
When we opened the new year, the country celebrated significant gains in foreign direct investment in 2023 and recognized the imperative to fortify its appeal to global investors. In a statement by Philippine Economic Zone Authority director general Tereso Panga, it was highlighted that the country was able to surpass our conservative 10 percent growth target this year, with investment approvals.....»»