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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......»»
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 pursues reforms to modernize banks
The Bangko Sentral ng Pilipinas is pursuing policy reforms to modernize Philippine banks and ensure a sustainable, digital and inclusive banking future......»»
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......»»
DOE eyes AI use in power sector
The Department of Energy is looking at the use of artificial intelligence to help bolster the power sector’s capabilities in resolving and preventing problems such as power plant outages......»»
Your phone’s light sensor can spy on you
MIT researchers discovered the dark side of smartphone light sensors; it can help hackers track your movements! Malicious individuals can use artificial intelligence models to reconstruct images of what’s happening in front of your screen. For example, a stranger could use your light sensor to determine whether your face or hand is in front of.....»»
UP, PhilSA to help identify areas without electricity
The University of the Philippines will use satellites built by engineers and scientists of the UP Electrical and Electronics Engineering Institute to help the National Electrification Administration (NEA) identify areas in the country that remain without electricity......»»
Top 5 Simple Habits to Save Money Every Day
Saving money doesn’t mean you have to live a life of extreme frugality. Finding the right balance between spending and saving can help you manage your finances. Creating good habits can also help you save more money without sacrificing your quality of life. Here are five simple habits to help you save money every day. […].....»»
7 Tips to Help You Save on Your Next Travel Adventure
Traveling can be costly but it shouldn’t be. There are ways to capitalize on affordable prices in deals to help you save. But can you pay less during your travels? Here are some tips that can help you save on your next travel adventure: 1. Plan your trip ahead Prepare for your trip ahead of […].....»»
Journo spends birthday in jail as media groups demand her release anew
“We are calling on the office of UN Special Rapporteur Irene Khan to hear our demands. To help us free Frenchie Mae, to help us assert our press freedom, and to help us fight to express.” The post Journo spends birthday in jail as media groups demand her release anew appeared first on Bulatlat......»»
Philippines hones skills of workforce in digital technology
MANILA, April 27 (Xinhua) -- The Philippine government is honing the skills of the Filipino workforce in digital technology as the country aims to create 45 million "green and high-quality jobs," according to the Department of Trade and Industry (DTI) statement released Friday night. During Friday's meeting with the Department of Labor and Employment (DOLE) and the DTI, Trade and Industry Secretary Alfredo Pascu.....»»
DICT nganga sa cyberattack
Kinastigo ng mga netizen ang Department of Information and Communications Technology (DICT) dahil sa sunod-sunod na cyberattack sa gobyerno, pinakahuli ay sa Department of Science and Technology (DOST). The post DICT nganga sa cyberattack first appeared on Abante......»»
DENR keen on Israeli technology for water supply in island barangays
The Department of Environment and Natural Resources is keen on adopting Israeli technology to provide affordable and accessible water to some 65-island barangays whose residents do not have sustainable water supply......»»
New DCPO chief pledges technology-driven approach
THE new director of the Davao City Police Office (DCPO) underscored the utilization of technology to streamline their operations......»»
Philippines braces for La Nina, continues to deal with El Nino
MANILA, March 26 (Xinhua) -- The Philippines will continue to implement measures to lessen the impact of the El Nino weather phenomenon, as it braces for the opposite La Nina weather pattern, Philippine Science and Technology Secretary Renato Solidum said Tuesday. Solidum said in a news conference that the Department of Science and Technology's record showed that as of Sunday, 37 provinces across the country hav.....»»
Apple Developing Strategy to Address EU Core Technology Fee Impact on Apps Going Viral
Apple recently made headlines with the announcement of a 0.50 euro Core Technology Fee that apps distributed using the new EU App Store business terms.....»»
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. .....»»
Philippines, Australia boost collab in maritime security, cyber technology
The Philippines and Australia on Thursday signed agreements to strengthen their civil and defense maritime commitments, and cooperation on cyber technology. .....»»