Business

PH water supply, sanitation master plan launched

In a speech during the virtual launch of the Philippine Water Supply and Sanitation Master Plan Thursday, Socioeconomic Planning Secretary Karl Kendrick Chua underscored that integrated interventions from the local and national government, and stakeholders are crucial to achieve the

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Lending apps’ privacy violations condemned

The National Privacy Commission and finance groups on Wednesday “strongly” condemned the harvesting of excessive information of some online lending platforms such as saving their users’ contact lists and photo galleries. In a joint statement, the NPC, Fintech Alliance.PH, the

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BSP, AFD sign P41.3M financial inclusion grant

The Bangko Sentral ng Pilipinas, and the Agence Française de Développement (AFD) signed a grant facility agreement of 700,000 Euros (around P41.3 million) aiming at supporting the BSP to increase capacities for financial inclusion, especially among rural and women-owned enterprises.  The BSP was

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Landbank, LTFRB improves PUV operator cash payout

The Land Bank of the Philippines has teamed up with the Land Transportation Franchising and Regulatory Board in the relaunch of the Service Contracting Program for public utility vehicle operators to ensure quicker and more efficient disbursement of cash payments.

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Dumaguete port passes surveillance audit

The Bureau of Customs Cebu-Subport of Dumaguete, the first Subport to obtain ISO Certification, successfully maintained its ISO-Certified status after breezing through the Surveillance Audit conducted by TüvSüd Management Service recently. At the end of the Audit, TüvSüd’s Lead Auditor,

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Personal remittances rise 6%

Personal remittances from Overseas Filipinos (OFs) increased by 2.6 percent to US$3.167 billion in July 2021 from US$3.085 billion in the same month last year. This resulted in the cumulative remittances rising by 6.0 percent in the first seven months of

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DTI offers livelihood programs for displaced workers

The Department of Trade and Industry is ready to help Filipinos that lost their jobs amid the pandemic through its agencies’ livelihood programs. In a Palace briefing Tuesday, DTI Secretary Ramon Lopez said the department is distributing livelihood kits worth

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Stocks decline on profit taking; peso unchanged

Profit-taking led to another negative close of the Philippine Stock Exchange index (PSEi) after the main gauge hit the 7,000-level mid-trade Tuesday, but the peso managed to remain firm against the US dollar.  The main equities index slipped by 0.69

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Duterte appoints Arevalo as new 3ID chief

BY GILBERT P. BAYORAN Maj. Gen.  Benedict Arevalo is back in Western Visayas, as commanding general of the Army’s 3rd Infantry Division. The designation of Arevalo as incoming 3ID commander effective September 6 was approved by President Rodrigo Duterte, as

BSP issues OPS standards

The Bangko Sentral ng Pilipinas has issued the governance policy for Operators of Payment System as part of the phased-in implementation of Republic Act No. 11127 or the National Payment Systems Act. According to the press release, the issuance further

Javi declares bid for Victorias mayoralty post

BY GILBERT P. BAYORAN Movie actor and television personality Javier “Javi” Benitez, son of former Third District Rep. Alfredo Benitez, formally declared yesterday his bid for the mayoralty post of Victorias City in Negros Occidental. “I will be running for

Lending apps’ privacy violations condemned

The National Privacy Commission and finance groups on Wednesday “strongly” condemned the harvesting of excessive information of some online lending platforms such as saving their users’ contact lists and photo galleries. In a joint statement, the NPC, Fintech Alliance.PH, the

Bing appeals ERC to investigate power rate increase

Bacolod City Mayor Evelio Leonardia made an appeal before the Energy Regulatory Commission to immediately look into the increase in power rates in service areas under the Central Negros Electric Cooperative. Leonardia also sought the help of ERC chairperson Agnes

PSEi reverses gains, peso keeps footing vs dollar

The Philippine main equities index ended weaker on Friday, a day after it recovered on risk-off sentiments but the peso managed to remain firm against the US dollar. The Philippine Stock Exchange index lost 0.80 percent, or 55.58 points, to