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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......»»
Medical School Loans: A Comprehensive Guide
Embarking on a journey through medical school is a significant undertaking, and for many aspiring physicians, navigating the financial aspects can be a daunting task. Securing appropriate funding through medical school loans is a crucial step in this process. This comprehensive guide aims to provide valuable insights into how to find the best medical school […] The post Medical School Loans: A Comprehensive Guide appeared first on Kagay An......»»
Bank loans used as RRR compliance hit P6.4 billion
Mid-sized and small banks have extended around P6.4 billion loans to micro, small and medium enterprises (MSMEs) as well as large companies, and booked these loans in compliance with their reserve requirement ratios, according to the Bangko Sentral ng Pilipinas......»»
Banks’ bad loans rise in February
The soured loans of Philippine banks picked up for the 14th straight month in February, bringing the gross non-performing loan ratio to a steady 3.44 percent, amid high interest rates......»»
Banks’ bad loans swell in 2023
The soured loans of Philippine banks picked up to 3.23 percent in 2023 from the almost two-year low in 2022, according to the Bangko Sentral ng Pilipinas......»»
Will Smith, Vanessa Hudgens back in Bad Boys 4, trailer drops
Will Smith and Martin Lawrence are back for another round as Mike Lowrey and Marcus Burnett following the dropped trailer for a fourth "Bad Boys" movie, officially titled "Bad Boys: Ride or Die.".....»»
SEC-Davao advises timely submission of requirements for amnesty payments
The Securities and Exchange Commission (SEC) Davao Extension Office is reminding corporations who have participated in the amnesty program to ensure timely submission of required documents by January 31. Failure to comply will result in forfeiture of payments and incurring additional penalties as outlined in SEC Memorandum Circular No. 20, series of 2023. Non-compliant corporations must submit their latest General Information Sheet (GIS) and Annual Financial Statement (AFS) through the SEC Electronic Filing and Submission Tool (eFAST). Meanwhile, suspended or revoked corporations should submit their petitions along with necessary documents to the Extension Office via email at secdavao@gmail.com. For more information, applicant-corporations can contact SEC Davao Extension Office at 0932-973-8791. It is important to note that the Commission is planning to implement a substantial increase in basic penalties for late and non-filing of reports post-amnesty period, with penalties potentially increasing by up to 1,900 percent......»»
Bacolod Yuhum Foundation to submit audited financial report this month
Bacolod Yuhum Foundation to submit audited financial report this month.....»»
NWPC reminds employers to submit annual wage reports
NWPC reminds employers to submit annual wage reports.....»»
NFA ordered to submit documents on P93 million rice sale
Ombudsman Samuel Martires on Thursday went to the National Food Authority main office in Quezon City to personally serve a subpoena that would compel the agency to submit several documents in connection with the alleged anomalous sale of P93.75 million worth of NFA rice to two traders......»»
Negros Power urges Ceneco employees to submit job application
Negros Power urges Ceneco employees to submit job application.....»»
Caritas urges Quiboloy: Submit to Senate inquiry
Caritas Philippines yesterday urged Kingdom of Jesus Christ founder Apollo Quiboloy to submit to the Senate investigations on allegations of sexual abuse of women and children......»»
Quiboloy refuses to submit self to Senate inquiry
Quiboloy refuses to submit self to Senate inquiry.....»»
AIADMK releases first list of 16 candidates for Lok Sabha polls
Chennai (Tamil Nadu) [India], March 20 (ANI): AIADMK on Wednesday released its first list of 16 candidates for the upcoming Lok Sabha Elections 2024. The list was released by the party general secretary, Edappadi K Palaniswami. While releasing the list, he said that five constituencies have been allocated to the DMDK; and one each to Puthiya Tamilagam and SDPI. "In the AIADMK alliance, DMDMK is to contest in 5 seats, SDPI.....»»
Agoda Unveils 2024 New Horizons List
Digital travel platform Agoda reveals its first-ever “Philippines’ New Horizons,” a list of destinations that are fast growing in popularity. The list, which compares year-on-year search data, highlights emerging destinations that have seen significant growth in interest from both domestic and international travelers. Bohol tops the list with an impressive 72% increase in searches, followed […].....»»
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......»»
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 […].....»»
Phones, laptops top purchases for loans
Gadgets such as mobile phones and laptops are the top consumer products being purchased in the Philippines using loans, according to Home Credit Philippines......»»
Pag-IBIG releases record P126 billion in home loans
The Home Development Mutual Fund, commonly known as Pag-IBIG, has released a record P126 billion in housing loans last year for nearly 97,000 members......»»