News

BSP official: ‘Many’ requests to hike ATM charges already denied

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has already rejected applications by several banks to hike charges for automated teller machine (ATM) transactions by up to 100 percent, an official of the state regulator told the Senate on Monday. Speaking at a Senate hearing presided over by Sen. Grace Poe, BSP managing director Vicente de Villa III said withdrawals from ATMs...

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Funds for health cut by P10 billion

MANILA, Philippines — Funds for health services in the P4.1-trillion national budget for 2020 that the House of Representatives approved on Friday were slashed by about P10 billion, even as the country is facing a polio epidemic as well as dengue and measles outbreaks that have claimed the lives of more than a thousand people, mostly children. The P88-billion budget of the Department of H...

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Capitol to help boost hotels, resorts’ qualities

HOTELS and resorts that will be participating in the Cebu Provincial Government’s tourism program Suroy-Suroy sa Sugbo will soon have their hospitality and accommodation services boosted to international quality standards. The Province has partnered with Oyo Technology and Hospitality, the world’s second largest hotel franchising chain, to help train personnel and improve amenities...

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SMB breaks ground for brewing facility in Iloilo

ILOILO -- San Miguel Brewery Inc. (SMB) finally broke ground on its new and third brewing facility in the Visayas that will rise in a 40-hectare property in Barangay Gua-an, Leganes, Iloilo. SMB chairman and chief operating officer of San Miguel Corporation Ramon Ang led the groundbreaking ceremony, together with Senator Franklin Drilon, Iloilo Governor Arthur Defensor Jr., Leganes Mayor Vicent...

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BSP, SEC to come up with policy vs. social media-based lenders

CEBU CITY – The Bangko Sentral ng Pilipinas (BSP) on Friday said it has been working closely with the Securities and Exchange Commission (SEC) in crafting a clear-cut policy against lenders who are offering loans using social media as a platform. Lawyer Elmore Capule, senior assistant governor and general counsel of BSP, said the central monetary board received information on individ...

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San Miguel eyes unsolicited proposal for Panay-Guimaras bridge

ILOILO CITY -- More investments for Iloilo City and Iloilo province are expected following the visit of San Miguel Corp. president and chief operating officer Ramon Ang for the groundbreaking of the company's PHP6.7 billion brewery facility in Leganes town on Friday. Prior to his visit to Barangay Gua-an, the site of the production facility, Ang was toured by Ilonggo Senator Franklin D...

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