Wednesday, December 13, 2017

Oct 12 17, 12:44 pm

Bureau of Immigration deports 46 Chinese wanted for cyber crimes

The Bureau of Immigration (BI) has deported 46 Chinese fugitives, who were arrested last month in Makati City for involvement in cyber fraud. In a statement Monday, BI Commissioner Jaime Morente said the foreigners were deported last Dec. 1 aboard a China Southern...

Sereno slams SC justices’ testimonies

Chief Justice Maria Lourdes Sereno on Monday slammed the testimonies of the magistrates of the Supreme Court (SC) who appeared before the House justice committee's hearing on the impeachment proceeding filed against her. During the impeachment proceedings, Associate...

DepEd to monitor students administered with Dengvaxia

Department of Education (DepEd) Secretary Leonor Briones on Sunday called for a "strong monitoring" of students administered with anti-dengue vaccine Dengvaxia. Briones issued DepEd memorandum no. 199, series 2017, ordering the surveillance of students from both...

Senate bill allows hotel workers 100% access to service charge

The Senate on Monday approved on third and final reading a measure that would allow restaurant and hotel employees 100 percent access to service charges collected from customers. Once Senate Bill No. 1299 is enacted into law, restaurant and hotel workers, whether...

BSP vows to speed up OFW bank creation

by | News

The Bangko Sentral ng Pilipinas (BSP) said earlier this week it will prioritize the approval of the Overseas Filipino Bank (OFB), a financial institution handling remittance of Filipinos abroad.

“(The) BSP will be ready to fast track approval process once proposal is submitted formally,” the Manila Bulletin quoted BSP Governor Nestor Espenilla Jr. as saying.

He added that consultations were still ongoing.

Based on the statement of the Department of Finance in December last year, the OFB was supposed to open by September 2017.

The OFB was previously the Philippine Postal Savings Bank before it was acquired by the Land Bank of the Philippines, which has around 1.5 trillion total assets according to BSP data as of June 30.

LandBank was tasked to infuse a P3 billion capital to the new bank.

Finance Secretary Carlos Dominguez III and LandBank president Alex Buenaventura earlier said OFWs can also own a third of the company (OFB) by buying shares.

Sources: Manila Bulletin, Department of Finance, Bangko Sentral ng Pilipinas

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Bello to OFW ID design: “We are open to changing it”

Bello to OFW ID design: “We are open to changing it”

After receiving a mixed bag of reactions online, the Department of Labor and Employment (DOLE), in a statement, said that it is open to changing the design of the OFW ID which currently bears the face of President Rodrigo Duterte. Secretary Silvestre Bello III,...

OFW IDs bear Pres. Duterte’s face

OFW IDs bear Pres. Duterte’s face

The OFW IDs dubbed as the ‘best gift’ of the president to millions of overseas Filipino workers (OFWs) now bear the face of President Rodrigo Duterte. In a Facebook post of Presidential Communications Assistant Secretary Mocha Uson, netizens were quick to react on the...

OFWs in work mode on the ‘most wonderful time of the year’

OFWs in work mode on the ‘most wonderful time of the year’

As a song says, "it's the most wonderful time of the year". And for Filipinos, these words pertaining to Christmas spell out various presents, — overflowing food and most of all, the warm company of family, friends and loved ones. However, what is dubbed as the...

New bridge set to open in January to ease traffic in Downtown Dubai

New bridge set to open in January to ease traffic in Downtown Dubai

A bridge extending from Al Khail Road to the Financial Center Road is set to open early January next year, the Roads and Transport Authority (RTA) announced. The new bridge aims to accommodate the huge expansion of Dubai Mall to make the shopping centre capable of...

Bello to OFW ID design: “We are open to changing it”

After receiving a mixed bag of reactions online, the Department of Labor and Employment (DOLE), in a statement, said that it is open to changing the design of the OFW ID which currently bears the face of President Rodrigo Duterte. Secretary Silvestre Bello III,...

Netizens ask Pinay actress: “Nagparetoke ka ba?”

Another Pinay celebrity is making the rounds on the Internet after netizens noticed her improved look. Pinoy Big Brother 737 winner Miho Nishida sent social media abuzz with netizens asking if she underwent plastic surgery. Her new look has sent her fans into...

OFW IDs bear Pres. Duterte’s face

The OFW IDs dubbed as the ‘best gift’ of the president to millions of overseas Filipino workers (OFWs) now bear the face of President Rodrigo Duterte. In a Facebook post of Presidential Communications Assistant Secretary Mocha Uson, netizens were quick to react on the...

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