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ADB approves 655,000 USD to help Philippine rural banks digitization
MANILA, Feb. 19 (Xinhua) -- The Asian Development Bank (ADB) on Monday said it will provide grants totaling 655,000 U.S. dollars for the digitization of nine rural banks and a bank consortium in the Philippines. The grants are part of ADB's Fintech for Inclusion Transformation (FIT) program. The grant awardees were chosen from among rural banks nationwide serving women, farmers, fisherfolk, and micro, sma.....»»
ADB approves 655,000 USD to help Philippine rural banks digitization
MANILA, Feb. 19 (Xinhua) -- The Asian Development Bank (ADB) on Monday said it will provide grants totaling 655,000 U.S. dollars for the digitization of nine rural banks and a bank consortium in the Philippines. The grants are part of ADB's Fintech for Inclusion Transformation (FIT) program. The grant awardees were chosen from among rural banks nationwide serving women, farmers, fisherfolk, and micro, sma.....»»
Public sector banks doing better in managing NPAs vis-a-vis their private counterparts: FICCI-IBA survey
New Delhi [India], March 21 (ANI): Public sector banks in India are doing better in comparison to their private sector counterparts in terms of non-performing assets, a survey conducted by industry body FICCI and banking association Indian Banks' Association (IBA) found. A nonperforming asset refers to loans or advances that are on the brink of default. According to the survey, a large majority (77 per cent) of the respon.....»»
Taylor Swift isa nang ‘bilyonaryo,’ ayon sa Forbes magazine
MAPAPA-SANA ALL ka nalang talaga sa latest update tungkol sa sikat na international pop star na si Taylor Swift. Kinumpirma kasi ng Forbes magazine na isa nang bilyonaryo si Taylor! Yes, yes, yes, mga ka-BANDERA, opisyal nang naging miyembro ang singer sa tinatawag na “three-comma-club.” Ang malupit pa riyan, si Taylor ang kauna-unahang artist na.....»»
Jericho Rosales full support kay Kim Jones sa kabila ng chikang hiwalay na
NAGPAKITA ng pagsuporta ang Kapamilya actor na si Jericho Rosales sa kanyang asawang si Kim Jones sa bagong magazine cover nito. Sa kanyang Instagram story ay ibinandera ng actor-model ang larawan ni Kim na kuha mula sa mga BTS o behind-the scenes ng kanyang photoshoot para sa Mega Magazine. “‘Grats, Kimboley! Btw game on fayah.....»»
Confirmed: Catriona and Sam, on the verge breaking up
Confirmed: Catriona and Sam, on the verge breaking up.....»»
Catriona Gray unfazed by relationship woes with Sam Milby
Finally, we HAD a Miss Universe sighting!.....»»
Rihanna joins Catriona Gray in Madame Tussauds Hong Kong
Globally acclaimed singer Rihanna, who is widely regarded as one of the most prominent and important singers of the 21st century, is the latest addition to Madame Tussauds Hong Kong’s roster of international celebrities......»»
SEC moves to help Philippines exit from FATF gray list
The Securities and Exchange Commission (SEC) plans to further raise the compliance rate among corporations for reporting beneficial ownership, a move that will support the country’s bid to exit the global ‘dirty money’ gray list this year......»»
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......»»
Philippines remains on FATF gray list
The Philippines failed anew to exit the gray list or list of jurisdictions under increased monitoring after falling short in addressing the remaining concerns on its anti-money laundering and counter-terrorist financing regime, according to global dirty money watchdog Financial Action Task Force......»»
INTERACTIVE MAP | Davao flood updates, low pressure area, February 1, 2024
We’re monitoring the progress of roads, floods, bridges, and landslides around the areas affected by this week’s low pressure area. To toggle the map, use two fingers to move around and pinch to zoom in or out. Each clickable element leads to a link to vetted sources of information on floods, roads, bridges, and landslides […].....»»
Kiko Estrada ‘destined’ to be an action star, says director
‘I’m very focused. Like I said in past interviews, this project took a lot out of me in preparing for it... conditioning my everything to become this character who lost everything. Yes, I did and I can relate but not to the extremes that Norman dela Cruz had to go through.’.....»»
Globe reports steep 73.7% decline in blocked bank-related spam, scam SMS in 2023
The telecommunications company Globe has reported a significant 73.7% decrease in the number of blocked spam and scam SMS related to banks in 2023. This reduction is a result of the interception of 21.9 million bank-related fraudulent messages, a sharp decline from the 83.39 million messages blocked the previous year. Globe attributes this achievement to its proactive strategies and strong partnerships with major banks and financial institutions in the Philippines. The company has established anti-fraud alliances with the Bankers Association of the Philippines and individual players in the finance sector, enabling the sharing of data and intelligence to prevent and investigate fraud effectively. Anton Bonifacio, Chief Information Security Officer at Globe, emphasized the company's commitment to combating financial fraud and enhancing security measures for customer protection. Globe has invested approximately US$20 million to improve its spam and scam SMS detection and blocking system and operates a 24/7 Security Operations Center to filter out unwanted messages from both international and domestic sources. Despite certain limitations, Globe remains dedicated to customer protection and emphasizes the need for a unified approach in the fight against fraud. The company is focused on leveraging technology and strengthening alliances with key stakeholders to combat fraudulent activities. As Globe continues to advance its technologies and collaborations, it aims to provide a safer and more secure digital environment for its customers. For more information about Globe and its initiatives, visit www.globe.com.ph. (SPONSORED CONTENT).....»»
Why Jake Cuenca pursued anew ‘TOTGA’ Chie Filomeno
Jake Cuenca previously described Chie Filomeno in interviews as The One That Got Away, but now it seems she’s the one that got back. While he said he’s not putting any label yet on his relationship with the actress-dancer, the two have happily rekindled their aborted romance......»»
On April 2, Rappler interviews Patricia Evangelista on the craft of storytelling
Watch the interview and get to ask Patricia a question by registering as a Rappler user and downloading the Rappler Communities app.....»»
Anya Alindada and Rubby Coyiuto share their artistic journeys
This week’s piece is devoted to interviews with two female artists: a ballerina and a visual artist......»»
A Practical Guide for Post-Impulse Purchase Reflection
Hey, listen, we’ve all been there – the irresistible temptation of a “You Only Live Once” (YOLO) moment that leads to an unplanned, perhaps extravagant, purchase. Then, before you know it, the thrill fades and you’re left with a “what did I just do?” moment. As the initial thrill of that “want” fades, the reality […].....»»
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......»»
Banks’ bad loans rise in February
The soured loans of Philippine banks picked up for the 14th straight month in February, bringing the gross non-performing loan ratio to a steady 3.44 percent, amid high interest rates......»»