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Feb 11 2021 To go hybrid or not?
THIS is the question many associations are now pondering on: whether to organize this year’s events—meetings, training programs, conferences and exhibitions—on a hybrid format or not, as the pandemic shows no let up. The other question, of course, is, “Are associations hybrid-ready?”
This is the gist of the webinar of the Meeting Professionals International (MPI) Belgium Chapter…
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Feb 11 2021 IPOPHL steps up campaign against piracy, counterfeiting
It is undeniable that the pandemic has created opportunities for many unlawful tradings, but the country’s sole intellectual property guardian, the Intellectual Property Office of the Philippines that administers, implements and files legal action when necessary, ensures that all the intellectual property (IP) rights holders are protected.It is interesting to note that reports and complaints on suspected…
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Feb 11 2021 BAP: ATM fee policy promotes ‘efficiency’
The country’s biggest banks welcomed on Wednesday the acquirer-based automated teller machine (ATM) fee policy of the Bangko Sentral ng Pilipinas (BSP), whose imminent implementation a consumer advocacy group sees as ill-timed, given the ongoing coronavirus pandemic and the government’s push for a more digital economy.
In a statement, Benjamin Castillo, Bankers Association of the Philippines…
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Feb 11 2021 Cua files bill seeking to lift bank secrecy
A LAWMAKER is pushing amendments to the Bank Secrecy Law to lift certain provisions to prevent criminal activities by giving the regulator authority to look into bank accounts.
In a House Committee on Banks and Financial Intermediaries hearing on Thursday, the committee chair Junie E. Cua said he wants to be “extra careful” in amending the…
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Feb 11 2021 PayMaya unveils virtual mall
Financial technology (fintech) player PayMaya launched on Thursday a virtual mall experience called PayMaya Mall, a feature that allows users to buy from over 100 merchants in the mobile app.
PayMaya users may buy from brands in the food, retail, pharmacy, grocery, and fashion industries, including Jollibee, McDonald’s, Goldilocks, Rustans, Park Outlet, Mercury Drug, Rose Pharmacy,…
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Feb 11 2021 PHL needs to prove measures vs money laundering boosted guard
THE PHILIPPINES has to prove its revised anti-money laundering and terrorism financing measures boosted safeguards and ensure it does not go back to the “gray list” of the Financial Action Task Force (FATF), the head of the Anti-Money Laundering Council (AMLC) said.
“For technical compliance, the question is really on whether we have laws, rules, and…
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Feb 11 2021 Central bank keeps rates steady
THE CENTRAL BANK on Thursday kept its benchmark interest rate at a record low to support the Philippine economy’s recovery from the coronavirus pandemic.
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno also said inflation is likely to remain elevated but manageable over the next few months.
In its first policy setting for the year, the…