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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......»»
China accuses US of 'stoking military confrontation' with missile deployment in Philippines
Beijing [China], April 22 (ANI): China has accused the United States of escalating military tensions in the region following the recent deployment of a powerful missile launcher in the Philippines capable of firing weapons with a range of up to 1,600 kilometers, CNN reported on Monday. The US Army's Mid-Range Capability (MRC) ground-based missile system, also known as the Typhon system, has been deployed to the Indo-Pacif.....»»
House: RBH6 won’t lead to parliamentary system
Introducing “economic only” changes in the 1987 Constitution, as contained in Resolution of Both Houses 6, can never be a basis for a shift to parliamentary form of government, according to House leaders......»»
Mission impossible: Embracing the nuclear ‘explosion’
A nuclear “explosion” of sorts could be on the horizon for the Philippines – one which could ensure a sustainable, sufficient and clean source of electricity for future generations, or one which could put the country in a deep hole......»»
Charter change could bring back dictatorship, intensify rights abuses — survivor
For Medy De Jesus, 74, a martial law survivor and member of human rights group Hustisya, the impending charter change could bring back another dictatorship and more human rights violations. The post Charter change could bring back dictatorship, intensify rights abuses — survivor appeared first on Bulatlat......»»
Charter change could worsen destructive mining impact
By DOMINIC GUTOMAN AND ZYSA MEI ELLORAN Bulatlat.com MANILA – For environmental defenders, the government’s push for charter change (cha-cha) could worsen the already dire impacts of destructive mining corporations on vulnerable communities. The Kalipunan ng Katutubong Mamamayan ng Pilipinas (Katribu) and Youth Advocates for Climate Action Philippines (YACAP) held a protest in front of… The post Charter change could worsen destructive mining impact appeared first on Bulatlat......»»
Where have all the nurses gone?
I could write about the country’s female tycoons who have grown their fathers’ businesses to dizzying heights, including Tessie Sy-Coson, Helen Yuchengco-Dee, Robina Gokongwei and Josephine Gotianun-Yap; or I could write about the Dumaliang sisters who staunchly defend that piece of paradise known as Masungi Georeserve; or I could write about our Filipina athletes waving the flag around the globe......»»
India s $1 pill could be key to curing cancer - report
Researchers at the TATA Institute have developed a medicine that could prevent the recurrence of cancer and reduce the side effects of treatment by 50% The TATA Institute in Mumbai has developed a pill that could prevent the recurrence of cancer and reduce the side effects of treatment by 50%, the Economic Tim.....»»
MAV suspension could lead to higher pork prices – importers
Meat importers have warned that pork prices could rise if the government would not immediately resolve the issues surrounding the minimum access volume (MAV) as import arrivals could be delayed......»»
House to ask WHO about changes to IHR
Two committees of the House of Representatives will ask the World Health Organizations to shed light on the 307 proposed amendments to the International Health Regulations which lawmakers fear could infringe on the Philippines’ sovereignty......»»
Completing the story for senior high school
A few weeks ago, I had written about senior high school and what many of us, particularly the learners affected in such grade levels, could expect in the coming school year as SHS students undergo a transition or, better said, an adjustment to some notable changes......»»
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......»»
US-based Harnyss introduces patented hydrogen technology for energy storage in Philippines
Harnyss, a Texas-based energy technology company, is introducing its patented low-pressure hydrogen storage solutions that could significantly complement the utilization of renewable energy in various settings. .....»»
Davao delivery riders push for Revenue Code changes
A DAVAO-based delivery group bared its intent to draft a position letter advocating for amendments to the 2021 Revenue Code......»»
DepEd asks teacher to explain scolding of students in viral video
DepEd has issued a show cause order against a public school teacher who went viral for scolding her students while live-streaming on TikTok — an incident that some believe is an overstep in classroom discipline but educators say is proof of deeper issues in the school system......»»
UK-based chefs create Filipino-inspired dishes
Negros-based rum Don Papa tapped two award-winning chefs based in the United Kingdom to create a dinner menu inspired by Filipino flavors......»»
2 Pangasinan-based environmental defenders abducted
by DOMINIC GUTOMAN Bulatlat.com MANILA – Two Pangasinan-based environmental defenders and organizers were violently mauled and dragged into an SUV at about 8 p.m. on March 24 in Barangay Polo, San Carlos, Pangasinan, according to human rights group Karapatan-Central Luzon Karapatan – Central Luzon said the abduction of Francisco “Eco” Dangla III and Axielle “Jak”… The post 2 Pangasinan-based environmental defenders abducted appeared first on Bulatlat......»»
The Daily Guardian: Microsoft Introduces AI Copilot Pro, a Subscription-based Chatbot for $20 per Month
Title: Microsoft Launches Subscription-Based AI Tool ‘Copilot Pro’ to Enhance Productivity and Performance Microsoft has recently announced the launch of Copilot Pro, a new subscription-based.....»»
Tondo volunteer teachers denounce red-tagging, surveillance
“The harassment faced by the leaders of SMTH deeply troubles us. It prompts us to reflect on why the military is targeting this community-based, cause-oriented group that is simply advocating for their fundamental rights to housing and livelihood." The post Tondo volunteer teachers denounce red-tagging, surveillance appeared first on Bulatlat......»»
Tondo para-teachers denounce red-tagging, surveillance
“The harassment faced by the leaders of SMTH deeply troubles us. It prompts us to reflect on why the military is targeting this community-based, cause-oriented group that is simply advocating for their fundamental rights to housing and livelihood." The post Tondo para-teachers denounce red-tagging, surveillance appeared first on Bulatlat......»»