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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).....»»
Duterte urged to stop secession talks
A lawmaker from Mindanao yesterday called for a stop to talks about separating the region from the rest of the Philippines, saying that even President Marcos has already made clear his position on the matter......»»
Cone wants Gilas ‘to stay with the process’ as it aims to reach the Olympics
'We want to be thinking about goals, but it’s more important for us to be growth-oriented,' says Tim Cone as Gilas Pilipinas opens its campaign in the FIBA Asia Cup Qualifiers.....»»
Any ‘Galentine’s Day’ ideas?
CEBU CITY, Philippines– Girls will always find a reason to spend time together, gossiping, and having the best time of their lives. Even during this love month when everyone is thinking about the perfect dates with their partners, single and in a relationship ladies are always ready to spend time with their main B’s even.....»»
Changing Your Mindset on Money
Changing your mindset on money is not all about being able to budget your monthly income, as there are more scenarios that need thorough thinking. Here are two pivotal aspects: the art of saving over spending and the ability to discern needs from wants through strategic investments. Embracing the Savings Mindset Financial stability requires a […].....»»
Redemption for Phoenix?
Phoenix coach Jamike Jarin isn’t thinking about the 2018 PBA Governors’ Cup quarterfinals where the Super LPG Fuel Masters blew a twice-to-beat advantage and lost to Meralco in a meltdown that was capped by an overtime setback......»»
Mandaue’s CAO eyes purchase of shade nets for urban gardeners
MANDAUE CITY, Cebu – The Mandaue City Agriculture Office (CAO) is thinking of ways to help urban gardeners here protect their plants from the excessive heat. One remedy that office in-charge Sharon Mangadlao has thought of was the purchase of shade nets, which is a lightweight knitted polyethylene fabric that can protect plants and people.....»»
TikTok video on translating Cebuano term to English goes viral
CEBU CITY, Philippines– TikTok sensation Ms. Steffy posted a video that put netizens in a dilemma, questioning themselves, “So, unsaon man jud ni pag-ingon?” This simple jeepney scenario could be relatable to some and has gotten everyone thinking of how they can say the Cebuano phrase, “Plete, palihug.” Steffy Medoza from Consolacion, Cebu posted a.....»»
BSP may cut big banks’ RRR to 5 percent
The Bangko Sentral ng Pilipinas (BSP) is looking at a significant reduction in the level of deposits banks are required to keep with the central bank after it starts cutting interest rates this year, its top official said......»»
More banks keen on green financing – BSP
More banks in the Philippines have expressed interest to finance green and sustainable projects in the country amid the need to fund efforts that would mitigate impacts of climate change......»»
Fitch keeps credit rating of 5 Philippine banks
Fitch Ratings has affirmed the credit rating of five of the country’s biggest banks and kept its stable outlook, on the back of a likely robust economic growth over the next two years......»»
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......»»
Moody’s outlook: Philippine banks remain on stable footing
Moody’s Investors Service has maintained a stable outlook for Philippine banks as interest rate cuts from the Bangko Sentral ng Pilipinas this year are seen to support economic recovery......»»
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......»»
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......»»
RCBC the best PH bank by network uptime, and UBP ranks at the bottom
Brankas, a Singapore-based fintech software and services provider, published its first annual ASEAN Bank Stability Report to measure the network uptime performance of ASEAN-region banks, and RCBC finished in the top spot among banks in the Philippines with an uptime of 98.3% (31 hours total downtime) including a stretch of seven months with zero downtime events......»»
‘Philippine banks to ride wave of robust economic growth’
The projected robust economic growth this year could shape up into a better year for Philippine banks, S&P Global Ratings said......»»
Banks expect higher consumer, corporate loan demand in Q1
Despite the higher for longer interest rate scenario, Philippine banks still expect a stronger loan demand from companies and households in the first quarter of the year, according to the Bangko Sentral ng Pilipinas......»»