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Deal only with registered entities – AMLC
The Anti-Money Laundering Council (AMLC) has reminded covered persons to deal only with registered designated non-financial businesses and professions (DNFBPs), as failure to do so may lead to sanctions......»»
Bunye: Reject any attempt to dismember our nation
Bunye: Reject any attempt to dismember our nation.....»»
Groups laud Sagay SP’s decision to reject Tambuli mining project
Groups laud Sagay SP’s decision to reject Tambuli mining project.....»»
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......»»
WATCH: Daniel Padilla shares clip of new Batangas theme park with castle
On Instagram, the actor shared its promotional clip where he is seen sleeping in his pajamas until he wakes and is transported into its fold......»»
BSP logs 40K complaints relating to financial consumer protection; only 5% come from Mindanao
SINCE the effectivity of the Financial Consumer Protection Act (Republic Act 11765) in June 2022, the Bangko Sentral ng Pilipinas (BSP) has logged more than 40,000 complaints from customers of different BSP-supervised financial institutions from all over the Philippines. Of this number, only around 5 percent come from Mindanao, implying the Mindanaoans' unawareness of the law......»»
BSP Governor Eyes Potential Rate Cut as Inflation Eases
In a recent interview, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. hinted at a potential rate cut later this year, signaling optimism amid the nation’s economic landscape. While cautious about the first semester, Remolona remains watchful, stating that the move could come “within the year.” The BSP, responding to escalating inflation, had hiked […].....»»
BSP governor says February rate cut not likely
In statements made to the press, BSP Governor Eli Remolona said that due to the “numbers we are seeing” a rate cut “is not likely (on) February 15”, which is the next scheduled meeting date for the BSP’s Monetary Board......»»
Self-confidence powers underdog FEU Lady Tamaraws to stunning sweep of No. 1 NU - Rappler
Self-confidence powers underdog FEU Lady Tamaraws to stunning sweep of No. 1 NU Rappler.....»»
Unregistered entities may face more stringent AMLC sanctions
Unregistered designated non-financial businesses and professions that failed to register on time could face more stringent sanctions from the financial intelligence unit, according to the Anti-Money Laundering Council......»»
Duterte, PDP-Laban senators to visit Cebu City on April 19
CEBU CITY, Philippines — As the 2025 midterm elections draw near, candidates are now gearing up for strategic moves, especially considering that the filing of Certificates of Candidacy is in October this year. Former President Rodrigo Roa Duterte, alongside senators from Partido Demokratiko Pilipino–Lakas ng Bayan (PDP Laban), is set to visit Cebu City this.....»»
US senators seek $500 million aid for AFP
Two American senators have filed a measure seeking to boost the alliance of the Philippines and the US through a significant increase in military financing as concerns grow over China’s aggressive acts in the South China Sea......»»
PNP, senators clash on rifle ownership
The Philippine National Police and some senators yesterday aired opposing views on civilians owning semi-automatic rifles......»»
Senators defend P100 wage hike
Senators yesterday defended their legislated salary increase recently passed on second reading, following a comment from an Employers Confederation of the Philippines (ECOP) official who called the P100 wage hike a “catastrophe.”.....»»
Senators question P26.7 billion ‘ayuda’ fund
About P26.7 billion worth of financial assistance under the Department of Social Welfare and Development was questioned by senators yesterday during the continuation of a public hearing on the people’s initiative or PI......»»
Senators praise Comelec for suspending people’s initiative proceedings
MANILA, Philippines — Senators rejoiced at the decision of the Commission on Elections (Comelec) to suspend all proceedings related to a people’s initiative aimed at amending the 1987 Constitution, saying that it is nothing but a victory for the Filipino people. Senate Majority Leader Joel Villanueva, in a statement, said the Philippine government has finally.....»»
Speaker hits senators’ ‘very toxic rhetoric’ vs House
Speaker Martin Romualdez yesterday hit back at senators, asking them to “just focus on their jobs instead of attacking the lower chamber.”.....»»
No LEDAC; Marcos Jr. meets separately with senators, congressmen
Amid feuding over the people’s initiative to amend the Constitution, President Marcos met separately yesterday with congressmen and senators instead of convening the Legislative-Executive Development Advisory Council......»»
Lady Tams clip Lady Eagles in pivotal win
The Far Eastern University Lady Tamaraws scored a crucial four-set win over the Ateneo Blue Eagles, 19-25, 25-20, 25-20, 25-22, in the UAAP Season 86 women’s volleyball Thursday at the Mall of Asia Arena to strengthen their bid for the Final Four......»»
Most Filipinos reject Charter change, lifting foreign ownership restrictions
An overwhelming majority of Filipinos oppose changing the 1987 Constitution at this time, according to a new Pulse Asia Survey, with results showing Filipinos in all regions and all socio-economic classes did not support the lifting of foreign ownership restrictions in key industries......»»