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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......»»

Category: newsSource:  sunstarRelated NewsJan 15th, 2024

Tsunami warning raised for 4 northern Luzon areas following Taiwan quake

The Philippine Institute of Volcanology and Seismology has raised a tsunami warning over four areas in northern Luzon after a powerful earthquake rattled Taiwan early Wednesday morning......»»

Category: newsSource:  philstarRelated NewsApr 3rd, 2024

Tsunami warning cancelled after Taiwan earthquake

The tsunami warning issued for several coastal provinces in the Philippines has been cancelled following a strong earthquake that struck Taiwan on Wednesday......»»

Category: newsSource:  philstarRelated NewsApr 3rd, 2024

China to ‘resolutely fight back’ if provoked on Taiwan

Denounced in the Philippines for her rebuke of President Marcos over the Taiwan issue, Chinese ministry of foreign affairs spokesperson Mao Ning has lashed back at Defense Secretary Gilbert Teodoro Jr., saying China is ready to “resolutely fight back” if provoked......»»

Category: newsSource:  philstarRelated NewsJan 20th, 2024

DFA says PH committed to ‘One China policy’ after Marcos congratulates Taiwan’s president-elect

In a statement, the DFA said the message of Marcos was “his way of thanking” Taiwan for hosting nearly 200,000 overseas Filipino workers and conducting a “successful democratic process.” .....»»

Category: newsSource:  philstarRelated NewsJan 16th, 2024

Taiwan voters rebuff China and give ruling party third presidential term

(2nd UPDATE) 'We've written a new page for Taiwan's history of democracy,' Lai Ching-te Lai says.....»»

Category: newsSource:  rapplerRelated NewsJan 14th, 2024

EAM Jaishankar discusses security, maritime cooperation with his Philippine counterpart in Manila

Manila [Philippines], March 26 (ANI): External Affairs Minister S Jaishankar, who is on an official visit to Manila, held a 'warm and productive' meeting with Philippines Secretary for Foreign Affairs, Enrique Manalo on Tuesday and discussed wide-ranging issues of security and maritime cooperation. During the meeting, both leaders exchanged views on global, regional, and multilateral issues, including Indo-Pacific, ASEAN,.....»»

Category: newsSource:  manilanewsRelated NewsMar 26th, 2024

When it comes to access to medicines, no one should be left behind

For millions of people around the world, the full enjoyment of the right to health remains an elusive goal, partly because medical care — in the event of sickness, prevention and treatment — depends largely on timely and appropriate access to quality medicines......»»

Category: newsSource:  philstarRelated NewsFeb 20th, 2024

MECO aids Pinoys in Taiwan

Filipinos affected by the strong quake in Taiwan last week will get financial and other assistance from the Manila Economic and Cultural Office......»»

Category: sportsSource:  abscbnRelated NewsApr 8th, 2024

4th OFW reported injured in Taiwan earthquake

There are now four overseas Filipino workers reported hurt in the 7.2 magnitude quake that hit Taiwan Wednesday, the Department of Migrant Workers said......»»

Category: newsSource:  philstarRelated NewsApr 5th, 2024

3 Filipinos injured in Taiwan quake

The Department of Migrant Workers reported that three Filipinos sustained minor injuries following the powerful magnitude 7.2 earthquake that struck Taiwan......»»

Category: newsSource:  philstarRelated NewsApr 4th, 2024

Way Pinoy nga naangol atol sa linog sa Taiwan

Way Pinoy nga naangol atol sa linog sa Taiwan.....»»

Category: newsSource:  sunstarRelated NewsApr 4th, 2024

9 dead, 50 missing in Taiwan’s strongest earthquake in 25 years

TAIPEI — Taiwan’s biggest earthquake in at least 25 years killed nine people on Wednesday, injuring more than 800, while 50 went missing en route to a national park, authorities said, as rescuers used ladders to bring others to safety. Television broadcast images of buildings tilted at precarious angles in the mountainous, sparsely populated eastern.....»»

Category: newsSource:  inquirerRelated NewsApr 3rd, 2024

Taiwan thanks world, PLA shows simulated attacks in new year’s messages

China's People's Liberation Army puts out a new year's music video called 'You Only Win by Coming Home' and sung partially in Hokkien, widely spoken in Taiwan as well as the Chinese province of Fujian.....»»

Category: newsSource:  rapplerRelated NewsFeb 8th, 2024

Taiwan thanks world; PLA shows simulated attacks in new year’s messages

China's People's Liberation Army puts out a new year's music video called 'You Only Win by Coming Home' and sung partially in Hokkien, widely spoken in Taiwan as well as the Chinese province of Fujian.....»»

Category: newsSource:  rapplerRelated NewsFeb 8th, 2024

Pinoys in Taiwan to learn organic farming

Filipinos in Taiwan will soon undergo free training in organic farming, the Manila Economic and Cultural Office said over the weekend......»»

Category: newsSource:  philstarRelated NewsJan 29th, 2024

Marcos defends tweet that angered China, says PH not endorsing Taiwan independence

'Noong naging presidente ako, binati ako. So what do you do? It’s just common courtesy that you do the same to them,' President Ferdinand Marcos Jr. says of his tweet congratulating Taiwan's new president.....»»

Category: newsSource:  rapplerRelated NewsJan 24th, 2024

Will China now play a long or short game against Taiwan?

Beijing [China], January 23 (ANI): Following the Taiwanese people's refusal to buckle to Chinese coercion in the January 13 elections, voting back into power the incumbent Democratic People's Party (DPP) with its new leader Lai Ching-te, opinion varies as to what Beijing's next course of action will be. Will China make a precipitative military move against Taiwan, or will it continue its policy of incessant coercion? Chin.....»»

Category: newsSource:  philippinetimesRelated NewsJan 23rd, 2024

Will China now play a long or short game against Taiwan?

Beijing [China], January 23 (ANI): Following the Taiwanese people's refusal to buckle to Chinese coercion in the January 13 elections, voting back into power the incumbent Democratic People's Party (DPP) with its new leader Lai Ching-te, opinion varies as to what Beijing's next course of action will be. Will China make a precipitative military move against Taiwan, or will it continue its policy of incessant coercion? Chin.....»»

Category: newsSource:  manilanewsRelated NewsJan 23rd, 2024

China tells Philippines not to play with fire

Manila has stirred Beijing's anger with its remarks on the election in Taiwan The Chinese Foreign Ministry has rebuked Philippines President Ferdinand Marcos Jr. after he congratulated Taiwan on the election of Lai Ching-te as the new leader of the self-governed island, saying his comments "gravely violate the One.....»»

Category: lifestyleSource:  abscbnRelated NewsJan 18th, 2024