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BSP pursues reforms to modernize banks
The Bangko Sentral ng Pilipinas is pursuing policy reforms to modernize Philippine banks and ensure a sustainable, digital and inclusive banking future......»»
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......»»
Delivery drivers urge Mayor Baste for business permit exemption
Title: Delivery Drivers Seek Exemption from Business Permit Requirement A group of delivery drivers in Davao is urging Mayor Sebastian Duterte to exempt them from the mandatory business permits. The drivers, including those from various delivery apps such as Grab and FoodPanda, are concerned about the financial burden imposed by the business permits, which range from P2,000 to P6,000. They argue that this requirement is unique to Davao City among all cities and provinces in the Philippines. Grab rider Rolando Atico emphasized the need for solidarity among all delivery drivers, regardless of the app they work for. He urged fellow drivers to support each other, as the financial impact may extend beyond just Grab and FoodPanda. Atico also requested Mayor Duterte to reconsider the requirement and reinstate the previous occupational permit, which only cost P125. The group is facing a 30-day deadline to obtain the business permits, and they are citing financial constraints as a reason for their request for an extension. Failure to comply could result in their removal from the delivery platforms, jeopardizing their livelihoods. Additionally, they are advocating for changes to Davao City's Revenue Code, proposing a model similar to Cebu City, where only an occupational permit is required. The drivers are also calling for an inquiry into the lack of transparency and unilateral actions of food delivery companies, particularly concerning rider capitalization and financial concerns. They believe that a thorough investigation will help ensure fairness and equity in their financial obligations and working relationship with the delivery companies. Maribel Paguican, the Business Bureau officer-in-charge, stated that non-certified delivery riders categorized as service contractors must obtain a business permit. She mentioned two permits for occupational and business activities, with a discounted structure for delivery riders. However, concerns have been raised about increased taxes, potentially ranging from P3,000 to P6,000, along with an additional tax on top of the declared income of P1,400. The delivery drivers' plea for exemption from the business permit requirement reflects their concerns about the financial impact and the potential threat to their livelihoods. Their call for solidarity and support from fellow drivers highlights the urgency of the situation. This story sheds light on the challenges faced by delivery drivers in Davao and the implications of the business permit requirement on their financial well-being. It also underscores their efforts to seek fairness and equity in their working relationship with the authorities and delivery companies......»»
PNP dismisses cop who fired gun outside QC bar from service
MANILA, Philippines — The Philippine National Police (PNP) has already dismissed from service Lt. Col. Mark Julio Abong — a police officer who was arrested for firing his gun outside a Quezon City bar in November last year. PNP chief Gen. Benjamin Acorda Jr. on Monday said he already signed Abong’s dismissal order last December 18 in.....»»
Global Dominion, RCBC Capital extend financing to the unbanked and underbanked
Both organizations aim to service the financial needs of people and organizations unable to tap the banks for their funding requirements and leave a positive impact on society through financing......»»
Global Dominion, RCBC Capital extend financing to the unbanked and underbanked
Both organizations aim to service the financial needs of people and organizations unable to tap the banks for their funding requirements and leave a positive impact on society through financing......»»
ASEAN cross-border remittance service to go live by 2026 – BSP
The Bangko Sentral ng Pilipinas along with other central banks in the region aims to operationalize multilateral cross-border fund transfers by July 2026......»»
TURNING POINT: Too Poor Against Poverty
NAAWAN, Misamis Oriental (MindaNews / 06 March) – Poverty is unquestionably the key driver of human trafficking. Crime syndicates, including religious groups, use the poor to advance their interest. Traffickers exploit women and children from rural communities, conflict- and disaster-affected areas, and impoverished urban centers in sex trafficking, forced domestic work, forced begging, and other […].....»»
Food vlogger Kevin Garcia reveals how he earns from social media
Content creator Kevin Garcia, the man behind the popular vlog Eat’s A Small World, revealed how food vloggers like him earn through social media. .....»»
‘Person with this ability’: PWDs in Aklan town earn from making Nito products
Woody Francisco says that the mission of the PWD Balete Association is to give the PWD sector in their municipality a sustainable source of livelihood.....»»
DSWD: Beggars earn up to P1,500 daily
Beggars in Metro Manila are receiving P1,000 up to P1,500 daily from empathetic motorists, a Department of Social Welfare and Development official said yesterday......»»
DFA launches e-Apostille service; first in Asean region
MANILA, Philippines — The Department of Foreign Affairs Office of Consular Affairs (DFA – OCA) announced that it launched an e-Apostille service for civil registry documents. DFA said the system will allow the public to apply online for e-documents and e-Apostilles from the Philippine Statistics Agency (PSA) without having to appear in both offices. Foreign Affairs.....»»
Seventeen leader S.Coups exempted from military service
Korean artist S.Coups, the leader of the boy band Seventeen, will not be required to undergo mandatory military service......»»
Disney, Fox, Warner Bros Discovery to create joint sports streaming platform
Fox Corp, Walt Disney’s ESPN and Warner Bros Discovery said on Tuesday they would launch a sports streaming service later this autumn to capture younger viewers who would not be tuned in to television. The media companies will form a joint venture to create a new service from their broad portfolio of professional and collegiate.....»»
SC removes lawyer from gov’t service for misconduct in Ruby Barrameda case records
The Supreme Court has perpetually disqualified for government service a lawyer who was discovered with misplaced records related to the Ruby Rose Barrameda murder case within his secured cabinet in Malacañang......»»
Parañaque government offices get service vehicles
Several government agencies in Parañaque received service vehicles from the local government yesterday......»»
Antivenom supply: ‘Crucial regional hospitals’ must have them – Tulfo
MANILA, Philippines — Adequate supply of antivenom is a need in “crucial regional hospitals’ of the country. This is according to Senator Raffy Tulfo, who noted that the Philippines is mostly composed of agricultural and rural areas. Tulfo is referring to antivenom for snake bites, particularly Philippine cobras. In his privilege speech delivered on Monday’s.....»»
Tornadoes in Oklahoma kill 4
SULPHUR, Okla. — Tornadoes killed four people in Oklahoma and left thousands without power Sunday after a destructive outbreak of severe weather flattened buildings in the heart of one rural town and injured at least 100 people across the state. More than 20,000 people remained without electricity after tornadoes began late Saturday night. The destruction.....»»
Filipino children get access to potable water thanks to innovative powdered mixture
With an average of 20 typhoons visiting the Philippines each year, rural and urban communities sustain significant damage to their sources of drinking water, including waterways and deep wells......»»
A culinary feast with a noble cause
Marriott Hotel Manila launches the calibrated Marriott Café Famsgiving Thursdays offer with Farmsgiving Market in collaboration with Rural Rising Philippines (RuRi). This features Filipino heirloom recipes of Marriott Manila’s chefs with their families, while supporting the livelihood of farmers under RuRi’s Rescue Buy Program......»»