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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......»»
Philippines says it can overtake Singapore next year as Asia s No. 2 casino hub
Philippines says it can overtake Singapore next year as Asia's No. 2 casino hub The Star Online.....»»
DavNor vice guv denies involvement in ayuda scam
The Vice Governor of Davao del Norte has denied any involvement in the alleged ayuda scam following claims made during a Senate hearing chaired by Senator Ronald Bato Dela Rosa. The hearing revealed that public officials in Davao de Oro and Davao del Norte were linked to illegally using cash assistance from the Department of Social Welfare and Development (DSWD) and funds from the Department of Labor and Employment (DOLE) for political campaigns. Vice Governor De Carlo Oyo Uy refuted the allegations, stating that there is no truth to the claims. In response, Governor Edwin Kuya Gov Jubahib emphasized that he was protecting the welfare of his constituents and the country's budget. He called for the punishment of those involved. The governor had previously requested an investigation into the ayuda scam after individuals in the provinces received less than the intended assistance. The vice governor announced plans for a separate investigation to clear his name and clarified that the DSWD is solely responsible for the identification, assessment, validation, and distribution of cash assistance to beneficiaries......»»
'India, Russia have taken extra care to look after each other s interests': EAM Jaishankar
Singapore, March 25 (ANI): External Affairs Minister S. Jaishankar on Sunday stressed that Russia is a country with which India has always had a positive relationship. While addressing the members of the Indian Community in Singapore, Jaishankar said that both countries have taken extra care to look after each other's interests. "I will ask myself...Has Russia helped us or harmed us?...Are there gains to be made from Russ.....»»
'India, Russia have taken extra care to look after each other s interests': EAM Jaishankar
Singapore, March 25 (ANI): External Affairs Minister S. Jaishankar on Sunday stressed that Russia is a country with which India has always had a positive relationship. While addressing the members of the Indian Community in Singapore, Jaishankar said that both countries have taken extra care to look after each other's interests. "I will ask myself...Has Russia helped us or harmed us?...Are there gains to be made from Russ.....»»
DTI Chief Pascual highlights Philippine investment opportunities at Milken Asia Summit in Singapore
DTI Secretary Fred Pascual highlighted the Philippines' readiness to welcome global investors, emphasizing the nation's strategic trade policies and investment priorities at the 10th Milken Institute Asia Summit held on September 14 in Singapore......»»
DPWH tallies 268 gov’t and school buildings partially destroyed in Hinatuan quake
The Department of Public Works and Highways (DPWH) in Davao Region reported that a total of 268 school and national government buildings were partially destroyed by the magnitude 7.4 earthquake that struck Hinatuan, Surigao del Sur on December 2. The estimated damage amounted to P108,497,894.84 for school buildings and P1,899,365.60 for national government buildings. The damages included cracks on walls and falling debris such as ceilings. According to Engr. Alexander Turingan of DPWH XI, there were no reported damages in Davao Occidental and Davao del Sur. Franz Irag, Office of Civil Defense (OCD) XI operations head, emphasized the importance of addressing damages to school buildings, which also serve as evacuation centers during calamities. Dean Ortiz, spokesperson of DPWH XI, highlighted the agency's focus on national roads and bridges, clarifying that they will respond to requests to inspect private and government buildings. Architect Kashagar Toghyani, officer-in-charge of the Office City Building Official (OCBO) of Davao City, urged private building owners to promptly engage professional engineers to assess structural integrity, especially for buildings housing more than 10 individuals. He emphasized the necessity of fire inspections and transparency with building occupants to ensure their safety. The recent earthquakes did not affect government buildings in the Davao Region, and DPWH is committed to conducting thorough assessments and ensuring the safety of buildings and their occupants in the aftermath of the quake......»»
Cebu City eyes ‘Singapore-like’ railway system to improve transport
CEBU CITY, Philippines – A Singapore-like railway system is being eyed by the Cebu City government in a bid to improve the transport system in the city. This was after Cebu City Councilor Rey Gealon, chairman of the Traffic Management Committee (TMC), penned a resolution urging the Department of Transportation (DOTr) to conduct a study.....»»
Duterte’s P.S. to Cebu supporters: support Sara’s bid for the Presidency
DAVAO CITY (MindaNews / 26 February) – After bidding the crowd goodbye during the “candlelight prayer rally”of Hakbang ng Maisug in Cebu City on Sunday evening, former President Rodrigo Duterte made a pitch for his daughter Sara, currently the Vice President, urging them to support her bid for the Presidency in 2028. Duterte did not […].....»»
Jetstar Asia launches Clark- Singapore Route
Jetstar Asia launches Clark- Singapore Route.....»»
Jetstar Asia launches Clark- Singapore Route
Jetstar Asia launches Clark- Singapore Route.....»»
Futuristic cable car cabins launched in Singapore
Exclusively designed for the Singapore Cable Car, the SkyOrb Cabin is said to be the world's first chrome-finished spherical cable car cabin......»»
Jetstar Asia resumes Clark-Singapore flights
One of the most popular carriers in Asia Pacific is reinstating its weekly flights between Clark and Singapore, responding to the booming demand for connections in the region......»»
MFC Cebu-Makati FC young booters dominate Asia’s biggest youth football tilt
CEBU CITY, Philippines — The combined teams of Makati Football Club Cebu and Makati FC (MFC) dominated the recently concluded Junior Soccer School and League (JSSL) over the weekend in Singapore. MFC sent 14 teams to Singapore’s premier youth football competition. Many players who suited up for MFC were from the Makati Football Club Cebu.....»»
Pia Wurtzbach s wax figure moves to Singapore temporarily
The wax figure of Miss Universe 2015 Pia Wurtzbach by Madame Tussauds is on display at the museum's Singapore branch until the first of September......»»
'How do you deal with a neighbour...': Jaishankar slams Pakistan over 'industry level' terrorism
Singapore, March 24 (ANI): Emphasising the complex situation of dealing with a neighbour like Pakistan, External Affairs Minister S Jaishankar said that Islamabad uses terrorism as an instrument of statecraft and does not even hide from the fact. He affirmed that India will not skirt this problem anymore and the mood in the country is not to overlook the issue of terrorism. The EAM, who is in Singapore as part of his thre.....»»
'How do you deal with a neighbour...': Jaishankar slams Pakistan over 'industry level' terrorism
Singapore, March 24 (ANI): Emphasising the complex situation of dealing with a neighbour like Pakistan, External Affairs Minister S Jaishankar said that Islamabad uses terrorism as an instrument of statecraft and does not even hide from the fact. He affirmed that India will not skirt this problem anymore and the mood in the country is not to overlook the issue of terrorism. The EAM, who is in Singapore as part of his thre.....»»
Filo Swifties reveal how much they spent on Taylor Swift Eras Tour Singapore
Filipino Swifties revealed how much they spent on watching Taylor Swift's "The Eras Tour" in Singapore. .....»»
Philippines bets big on dethroning Singapore as region s No 2 casino hub
Philippines bets big on dethroning Singapore as region's No 2 casino hub South China Morning Post.....»»
Tell it to SunStar: OK lah, Singapore! Champagne problems?
Tell it to SunStar: OK lah, Singapore! Champagne problems?.....»»