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Indian banking sector continues to improve with better asset quality, high credit growth: Survey
New Delhi [India], March 21 (ANI): The health of the Indian banking sector continues to improve with better asset quality and high credit growth, a survey conducted by industry body FICCI and banking association Indian Banks' Association (IBA) showed. The eighteenth round of the survey was carried out for the period July to December 2023. Those banks that were surveyed together represent about 77 per cent of the banking i.....»»
BSP yet to finalize credit card cap review
The Bangko Sentral ng Pilipinas has yet to finalize its decision on whether to keep, raise or lower the current three percent interest rate cap on credit card transactions, a top BSP official said......»»
Hontiveros hopes for fair consideration of divorce bill in Senate
MANILA, Philippines — Sen. Risa Hontiveros expressed hope on Wednesday about the potential reintroduction of a divorce bill onto the Senate’s legislative agenda. In the House of Representatives, a bill on absolute divorce was brought for plenary consideration on Tuesday. The divorce bill in the Senate, however, remains pending for plenary discussion. “I had the.....»»
Bill pushing P100 daily wage hike gets Senate nod on 2nd reading
MANILA, Philippines — The Senate on Wednesday approved on second reading a bill pushing for a P100-daily minimum wage hike for private sector workers. Senate Bill No. 2534 under Committee Report No. 190 was unanimously approved during Wednesday’s plenary session. Senate President Juan Miguel Zubiri said that once the wage hike bill gets the final.....»»
Asialink secures P300 million credit line from Taiwanese bank
Asialink Finance Corp. has secured a P300-million credit line facility from Taiwan’s Cathay United Bank, shoring up resources that small borrowers can tap into for their expansion plans......»»
Should You Bite on Digital Credit Line Offerings?
Digital credit lines have become a prevalent offering for digital platforms like digital banks and online shopping apps. These readily available lines of credit, often so accessible, can be tempting, especially for unexpected expenses. But before you hit “apply,” it’s crucial to weigh the pros and cons to determine if a digital credit line aligns […].....»»
Moira Dela Torre highlights value of giving credit following viral copyright issue
Moira Dela Torre weighed in on the viral copyright issue and said that it is important to give credit where credit is due. .....»»
CCAP: Current credit card rate cap sufficient
The Credit Card Association of the Philippines said it fully supports the assessment process of the Bangko Sentral ng Pilipinas in adjusting or keeping the cap on credit card charges, adding that the current ceiling is sufficient......»»
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......»»
World Bank report reveals ways to improve Philippine indigenous peoples welfare
MANILA, May 27 (Xinhua) -- Increasing indigenous peoples' access to water and sanitation, education, health services, and economic opportunities while preserving their cultural identities can significantly improve their living standards, said a World Bank report released on Monday. According to census data, approximately 9.4 million people identified as indigenous live in the Philippines, about 8.7 percent of th.....»»
World Bank report reveals ways to improve Philippine indigenous peoples welfare
MANILA, May 27 (Xinhua) -- Increasing indigenous peoples' access to water and sanitation, education, health services, and economic opportunities while preserving their cultural identities can significantly improve their living standards, said a World Bank report released on Monday. According to census data, approximately 9.4 million people identified as indigenous live in the Philippines, about 8.7 percent of th.....»»
Lapu, Cebu police clearance transactions unavailable due to security ‘disturbance’
Lapu, Cebu police clearance transactions unavailable due to security ‘disturbance’ .....»»
PNP shuts down online gun transactions
The Philippine National Police has shut down gun-related online transactions due to a data breach attempt in the system of the Firearms and Explosives Office......»»
InstaPay, PESONet transactions hit P3.8 trillion in Q1
The value of online payments coursed through the automated clearing houses established by the Bangko Sentral ng Pilipinas (BSP) reached P3.81 trillion in the first three months of the year, as Filipinos continue to use digital channels for their financial transactions......»»
Coin deposit machines log P577 million transactions
The value of transactions through the coin deposit machines deployed by the the Bangko Sentral ng Pilipinas is close to reaching the P600-million mark, as more and more Filipinos use the machines to deposit their idle coins......»»
Tax Notes: BIR clarifies treatment, conversion of foreign currency transactions
Tax Notes: BIR clarifies treatment, conversion of foreign currency transactions.....»»
Murcia private cemetery warns public vs spurious transactions
Murcia private cemetery warns public vs spurious transactions.....»»
More Pinoys do buy now, pay later transactions
Nearly 50 percent of respondents in the Philippines are likely to adopt buy now, pay later services for future transactions, according to a survey from consumer research and data analytics company Milieu Insight......»»
DFA seeks passage of Magna Carta for seafarers after deadly attack
“We do believe that any law which will improve the lot of seafarers should be signed as soon as possible, but we fully respect the desire of the president and legislators to improve the bill as it is.”.....»»
Foreign chambers seek approval of Konektadong Pinoy bill
Foreign business groups are urging the government to immediately approve the Konektadong Pinoy bill to expand internet access in the country......»»