An increasing number of financial consumers are coursing their concerns and queries through the Bangko Sentral ng Pilipinas (BSP) Online Buddy (BOB), the BSP chatbot that automates handling of consumer complaints. Complaints and queries processed through BOB represented 58% of total cases during the second quarter of 2021. This is almost four times higher than the 15% BOB usage rate during the third quarter of 2020. “The increased usage suggests the effectiveness of BOB in providing consumers with an accessible and efficient platform for escalating complaints regarding the products and services provided by BSP-Supervised Financial Institutions (BSFIs),” said BSP Governor…
Author: BusinessNews.ph
Agriculture Secretary William Dar led the groundbreaking ceremony of the P10 million (M) swine multiplier farm to rise at the Don Mariano Marcos Memorial State University (DMMMSU) in Bacnotan, La Union on July 22, 2021. The multiplier farm will serve as a learning center for the university students and provide extension support services and enhance policy advocacies aimed at producing and providing quality hogs for the province and nearby areas. Seeing the need for a modernized center to cater to the needs of DMMMSU students and local hog raisers in the North, Secretary Dar, in his message, committed an additional…
The government has secured ample supply of COVID-19 vaccines that could be administered throughout August as the country received a total of 27.9 million doses of the jabs out of the 164 million doses for procurement, the country’s vaccine czar said on Monday. “So mayroon po tayong ample na supply na hindi po tayo kakabahan sa month ng August. Ang tinitingnan po natin ngayon ‘yung month ng September,” Secretary Carlito Galvez Jr. said in his report to President Rodrigo Roa Duterte in Davao City. Galvez, who is also the chief implementer of the National Task Force Against COVID-19, said they…
President Rodrigo Roa Duterte approved the travel restrictions for all travelers coming from Malaysia and Thailand or those with travel history to Malaysia and Thailand within the last fourteen (14) days preceding arrival in the Philippines. Beginning 12:01AM of July 25, 2021 until 11:59PM of July 31, 2021, such travelers shall be prohibited from entering the Philippines. Passengers already in transit from the abovementioned countries, and all those who have been to the same within 14 days immediately preceding arrival to the Philippines, who arrive before 12:01AM of July 25, 2021, may still be allowed to enter the country but…
Tens of thousands of jobs are expected to be created over the next seven years through a new social bond to be issued by one of the Philippines’ leading banks to help smaller businesses recover from the impacts of COVID-19. IFC is investing US$150 million in a seven-year social bond to be issued by Union Bank of the Philippines (UnionBank, PSE: UBP), the country’s seventh-largest private-sector bank. The bond, which will be issued under UnionBank’s new sustainable finance framework, will be the first social bond by the bank and its longest-term USD-denominated bond to date. It also marks only the…
AIZEN, an AI-focused fintech company based in Singapore, today has announced that it has signed a definitive agreement to acquire an e-commerce merchant cash management platform in Korea as part of its vertical date economy integration strategy. There are different types of retail e-commerce sites in Korea: open markets like Naver Smart Store; social commerce like Coupang; existing retail giants; and MZ-favored vertical platforms such as Musinsa, Brandi, and Zigzag. A seller typically diversifies their sales channels from nine to ten malls on average, and each mall settles the sales payment within nine to eleven days. This is a real…
METRO MANILA – Here is the official 3D Lotto Result today, Friday, July 23, 2021 from the Philippine Charity Sweepstakes Office (PCSO) based on 2PM, 5PM, and 9PM live draws online. 3D also known as Swertres is one of the most popular digit games in the Philippines. The PCSO releases official 3D result / Swertres result for 23 July 2021 at 2pm, 5pm and 9pm. Refresh this page after the scheduled draw time to see the latest results. 3D Lotto Result Today July 23, 2021 from PCSO (Swertres): [table id=251 /] Congratulations to all the winners. if you did not…
A new data center company is ready to power up businesses as Beeinfotech PH (Bee Information Technology PH Inc.) recently opened its first data center in the country. Beeinfotech PH’s multi-million-peso data center is the Philippines’ largest telco-neutral data center yet, tackling the market’s need for a telco-grade and tailored data center services provider. According to a report from Grand View Research, the global data center colocation industry is expected to have a 13.3% compound annual growth rate (CAGR) from 2021 to 2028, with the Asia-Pacific region leading. The Philippines, in particular, is expected to increase its rack space market…
Filinvest REIT Corp. (FILREIT or Company, formerly Cyberzone Properties, Inc.), a real estate investment trust (REIT), today announced that it has successfully set the final offer price of the Company’s initial public offering (“IPO” or the “Offer”) at ₱7.00 per offer share. The price is set at the mid-point of the range, with demand driven by strong participation from domestic qualified institutional buyers and pension funds, along with international institutional and private bank participation. The base offer is 1,634,187,850 common shares (the “Firm Shares”), with an overallotment option of up to 163,418,785 common shares (the “Option Shares”, together with the…
METRO MANILA – Here is the 6/45 Megalotto Result Today July 19, 2021 based on the official 9PM draw of the Philippine Charity Sweepstakes Office (PCSO). Check your tickets here for the winning number combination. You could be the next millionaire! Megalotto 6/45 give players three chances per week to become MILLIONAIRE! Every MONDAY, WEDNESDAY and FRIDAY. [table id=235 /] To win the Jackpot, you must match all 6 numbers in any order. The Initial Jackpot Prize (IJP) for Megalotto 6/45 is P8,910,000.00 (net of agent’s prize commission). If no one wins the jackpot in a particular MegaLotto 6/45 draw,…