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DFA backs Magna Carta for Seafarers
The Department of Foreign Affairs has expressed support for the enactment of the proposed Magna Carta of Filipino Seafarers, as the maritime industry grapples with security risks sparked by missile attacks by Yemen-based Houthi rebels on shipping in the Gulf of Aden and the Red Sea......»»
BSP explores impact of Gen AI in banking
The Bangko Sentral ng Pilipinas is studying the impact of generative artificial intelligence in the banking industry as it seeks to implement some “guardrails” to mitigate potential risks......»»
Smart money decisions
Minimizing risks is key for all individuals who want to grow their money......»»
BSP to issue new guidelines for MSBs
The Bangko Sentral ng Pilipinas is finalizing a new regulatory framework for money service businesses to ensure that risks remain manageable amid the evolving industry......»»
Converting ponds to salt farms threatens mangrove restoration, conservationists warn
As the government seeks to revitalize the country's struggling salt industry, conservationists warn that allowing abandoned, undeveloped, and underutilized (AUU) fishponds to be converted into salt farms risks exacerbating the degradation of mangroves......»»
Go aids Davao fire victims
In observance of Fire Prevention Month, Sen. Bong Go has emphasized the importance of safeguarding homes against fire risks......»»
Your Data, Your Rights: Proactive Steps for Personal Data Protection
Safer Internet Day 2024 comes amid data fears about limited access imposed on various popular apps, causing users to circumvent the new rules by downloading replacements. In an era where vast amounts of data are constantly being collected and analyzed, the risks of data breaches, identity theft, and invasion of privacy are more pronounced than […].....»»
Why you should take cholesterol control to heart
Just because you’re skinny doesn’t mean you’re healthy. While there are higher risks for heavier people, thinner individuals are not immune to health issues, particularly heart diseases, diabetes, and dyslipidemia......»»
Measles infections pose far more risks than most realize, including a fatal neurological complication – The Daily Guardia
Tragedy Strikes as Unvaccinated Travelers Spark Measles Outbreaks in the US In a heartbreaking turn of events, Erica Finkelstein-Parker’s plans for her daughter Emmalee’s eighth.....»»
China’s Wang Yi tells Blinken US should lift sanctions on Chinese firms
The Biden administration has imposed bans on the sale of certain technologies to Chinese companies, citing national security risks.....»»
MUP pensions, Maharlika Fund pose risks to PH economy, says new study
Dr. Margarita Debuque-Gonzales, a former senior research fellow of government think-tank PIDS, says the Filipino people ‘should be the ones to monitor the Maharlika Fund because this is your fund’.....»»
BSP keeps policy rate at 6.5%
In the MB’s first policy rate meeting in 2024, the MB held steady at a 6.5% benchmark interest rate as the country’s inflation risks continued to lean on the upside. .....»»
A Quick Guide to Online Gambling and Financial Responsibility
With the rise of PAGCOR accredited online gambling platforms, many individuals are drawn to the allure of quick wins and entertainment. However, the world of online gambling will require extreme caution and financial responsibility to avoid potential pitfalls and safeguard one’s financial well-being. Understanding the Risks Online gambling can be enticing, but it comes with […].....»»
Gaza: Suspending UNRWA Aid Risks Hastening Famine
(New York) - Governments should continue funding the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA), given its vital role in averting a humanitarian catastrophe and the risk of famine in the Gaza Strip, while the agency investigates allegations that 12 of its staff were involved in the Hamas-led October 7.....»»
Duterte says Marcos risks same fate as dictator father amid charter change push
In a fiery speech Sunday evening, Duterte accused his predecessor of being a “drug addict” and of trying to amend the Constitution to prolong his term of office. .....»»
Canada urged to reconsider travel advisory
Canada should reconsider its travel advisory for its nationals regarding security risks in some parts of Mindanao, as it is inaccurate and unfairly affects the entire region, Cagayan de Oro City Rep. Rufus Rodriguez said yesterday......»»
Shipping giant warns of global transport disruptions
Maersk has put customers on notice that risks in the Red Sea may persist for months Danish shipping major AP Moller-Maersk has warned of significant disruptions to the global shipping network due to the elevated risk of attacks in the Red Sea. "While we hope for a sustainabl.....»»
Russian economy on sustainable growth trajectory - Mishustin
The country's GDP expanded above expectations last year Russia has not only withstood the pressure of Western sanctions and outside risks but has also managed to steer its economy toward sustainable growth, Prime Minister Mikhail Mishustin said on Tuesday. Every sector of industry registered positive dev.....»»
Travel agencies group warns about cheap, illegal operators
The Davao Travel Agencies Association (DTAA) has issued a warning about unregistered and illegal travel and tour operators in their area. These operators have been found to be offering travel and tour services without proper licensing, leading to issues such as lack of refunds, scheduling problems, and other travel arrangement discrepancies. Pia Partoza Montano, a travel agency owner and Vice-President for the Travel and Tours Sector of DTAA, emphasized the prevalence of these unauthorized operators, particularly in inbound tourism, and the challenges in monitoring and regulating them due to their large numbers. Montano also highlighted the potential risks associated with using these unregistered agencies, as they may offer cheaper rates but could lead to problems in case of incidents. To address this issue, the Department of Tourism-Davao (DOT-Davao) has introduced a QR code system to help the public verify the legitimacy of travel agencies by accessing data on authorized and registered operators. The DOT-Davao encourages travelers to transact with accredited enterprises to ensure the quality and reliability of their travel arrangements. Currently, there are at least 109 registered travel and tour agencies in Davao City under DOT-Davao's accreditation. The DOT-Davao also provides information on the requirements for registration and renewal for travel agencies on their official website. This warning serves as a reminder for the public to be cautious and discerning when engaging with travel and tour operators to avoid falling victim to unauthorized and illegitimate services......»»
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......»»