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PH Aquatics lauds Malacañang support
The Philippine aquatics community is now abuzz with excitement following the recent Presidential declaration of support for the country’s hosting of the 11th Asian Age-Group Championships, with the organizing Philippine Aquatics Inc......»»
Indian banking sector continues to improve with better asset quality, high credit growth: Survey
New Delhi [India], March 21 (ANI): The health of the Indian banking sector continues to improve with better asset quality and high credit growth, a survey conducted by industry body FICCI and banking association Indian Banks' Association (IBA) showed. The eighteenth round of the survey was carried out for the period July to December 2023. Those banks that were surveyed together represent about 77 per cent of the banking i.....»»
Digital banks seen profitable in 5-7 years
Digital banks in the Philippines need five to seven years to become profitable, as only two out of six online lenders are doing well so far, according to the Bangko Sentral ng Pilipinas......»»
UBS sees 2-digit credit growth for Philippines banks
Banks operating in the Philippines are expected to post a double-digit credit growth this year on the back of robust economic expansion, according to banking giant UBS......»»
Philippines, German central banks partner on capacity-building
The central banks of the Philippines and Germany have formalized their partnership on capacity-building through the signing of a memorandum of understanding......»»
Globe reports steep 73.7% decline in blocked bank-related spam, scam SMS in 2023
The telecommunications company Globe has reported a significant 73.7% decrease in the number of blocked spam and scam SMS related to banks in 2023. This reduction is a result of the interception of 21.9 million bank-related fraudulent messages, a sharp decline from the 83.39 million messages blocked the previous year. Globe attributes this achievement to its proactive strategies and strong partnerships with major banks and financial institutions in the Philippines. The company has established anti-fraud alliances with the Bankers Association of the Philippines and individual players in the finance sector, enabling the sharing of data and intelligence to prevent and investigate fraud effectively. Anton Bonifacio, Chief Information Security Officer at Globe, emphasized the company's commitment to combating financial fraud and enhancing security measures for customer protection. Globe has invested approximately US$20 million to improve its spam and scam SMS detection and blocking system and operates a 24/7 Security Operations Center to filter out unwanted messages from both international and domestic sources. Despite certain limitations, Globe remains dedicated to customer protection and emphasizes the need for a unified approach in the fight against fraud. The company is focused on leveraging technology and strengthening alliances with key stakeholders to combat fraudulent activities. As Globe continues to advance its technologies and collaborations, it aims to provide a safer and more secure digital environment for its customers. For more information about Globe and its initiatives, visit www.globe.com.ph. (SPONSORED CONTENT).....»»
More groups to establish Islamic banks in Philippines
More groups are looking at establishing Islamic banks in the Philippines as the first branch of the new banking classification is expected to open soon, according to the Bangko Sentral ng Pilipinas......»»
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......»»
PMPI joins Church and CSOs in Samar, calls for a Stop of Mining in all Samar Islands
A Stop to Mining call reverberated in Guiuan, Eastern Samar on January 20, 2024, with thousands of people from different parts of Samar and Leyte converging at the Immaculate Concepcion Church in Guiuan to express their sentiments against the destructive activities of mining on the island of Samar.Spearheaded by the three (3) Dioceses of Samar, together with the support of the Philippine Misereor Partnership and.....»»
PMPI joins Church and CSOs in Samar, calls for a Stop of Mining in all Samar Islands
A Stop to Mining call reverberated in Guiuan, Eastern Samar on January 20, 2024, with thousands of people from different parts of Samar and Leyte converging at the Immaculate Concepcion Church in Guiuan to express their sentiments against the destructive activities of mining on the island of Samar.Spearheaded by the three (3) Dioceses of Samar, together with the support of the Philippine Misereor Partnership and.....»»
Navy ready to support PCG patrols in West Philippine Sea
The Armed Forces of the Philippines has reassured the Philippine Coast Guard that the military, primarily through the Philippine Navy, is ready to provide more support in patrol operations being carried out in the West Philippine Sea......»»
Tapales remains a top 5 world title contender
CEBU CITY, Philippines — Marlon Tapales remains one of the top contenders in the 122-pound division despite losing to Japanese star Naoya “Monster” Inoue in their unification bout in Japan last December. Nicknamed “The Nightmare”, Tapales is ranked No. 5 in both the World Boxing Association (WBA) and International Boxing Federation (IBF). Tapales (37W-4L, 19KOs).....»»
Palarong Pambansa 2024 earns support from Mandaue, Cebu business leaders
CEBU CITY, Philippines– The Cebu Chamber of Commerce & Industry (CCCI) and the Mandaue Chamber of Commerce & Industry (MCCI) will give out their full support to the organizers of the upcoming Palarong Pambansa 2024 scheduled in July. In a meeting last March 18 at the board room of the Aboitiz Corporate Center, CCCI President.....»»
NZ - UAE trade agreement consultation begins
Following a meeting with UAE Trade Minister Dr. Thani bin Ahmed Al Zeyoudi at the WTO Ministerial Conference in Abu Dhabi, Trade Minister Todd McClay has launched public consultation for a trade agreement between New Zealand and the United Arab Emirates (UAE). "The UAE is a top-20 export market for New Zealand, and our largest market in the Middle East, with exports increasing 17% i.....»»
Jerusalem strips Japanese foe of WBC crown
Filipino boxer Melvin Jerusalem captured the WBC minimumweight championship after dealing Japanese foe Yudai Shigeoka his first professional loss last night in Nagoya, Japan......»»
Jerusalem dethrones Japanese foe to wrest WBC minimumweight belt
Filipino boxer Melvin Jerusalem took home the WBC minimumweight championship after dealing Japanese foe Yudai Shigeoka his first professional loss Sunday evening in Nagoya, Japan......»»
NewJeans prepares for comeback with Japanese debut, teases world tour
K-pop girl group NewJeans is gearing up for a number of comeback projects this year, including a Japanese debut eyed to kick off a world tour......»»
Biden to Host Japan PM Kishida, Philippines President Marcos
WASHINGTON - President Joe Biden will host Japanese Prime Minister Fumio Kishida and Philippines President Ferdinand Marcos Jr. for a White House summit next month amid growing concerns about North Korea's nuclear program, provocative Chinese action in the South China Sea and differences over a Japanese company's plan to buy an iconic American steel company.White House press secretary Karine Jean-Pierre in a sta.....»»
Vitor, PMI eyes rematch against Japanese tormentor
CEBU CITY, Philippines — Hard-hitting Boholano Virgel “Valiente” Vitor of the PMI Bohol Boxing Stable is gunning for a rematch against Japanese Toshihiro Suzuki after reclaiming the World Boxing Organization (WBO) Oriental super featherweight title. This was announced by his promoter and manager, Floriezyl Echavez Podot, the head of PMI Bohol Boxing Promotions. Podot made.....»»
Japanese national nabbed for ‘lewd act’ released after posting bail
LAPU-LAPU CITY, Cebu – A Japanese national, who was arrested for allegedly committing a lewd act while on a plane to Cebu, was released on Friday after he posted bail of P3,000. Police Lieutenant Colonel Christian Torres, spokesperson of the Lapu-Lapu City Police Office (LCPO), said that the 20-year-old suspect was charged for the violation.....»»