popnews.online

Senator Cynthia Villar has expressed support to the recommendation of Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno for the government to provide ‘emergency employment’ to Filipinos to stimulate the country’s so-called ‘new economy’ and to ease the effects of the pandemic to people. According to Diokno, as the government moves into the next phase of the road to the ‘New Economy’ it should focus on a quick disbursing, employment- creating program. The former budget secretary said the budget can be increased by a percentage or two, equivalent to ₱200 billion to ₱400 billion that could be used for emergency employment and create two million jobs. “I agree with BSP Chief Diokno that our next priority after the health and safety of our people is providing employment to as many Filipinos as possible. That’s what people need right now to feed their families,” said Villar. The senator has earlier recommended the opening of labor-intensive sectors such as agriculture, constructi...

In a bid to make itself more competitive and keep abreast with the fast changing technological advancements in the banking industry, PostBank, has inked a memorandum of agreement (MOA) with Mohur Inc., one of the fastest rising Financial Technology (FinTech) Companies in the country. With the MOA, PostBank, the country’s oldest government bank, is now embracing innovative digital solutions to better serve its existing and future customers, particularly overseas Filipino workers (OFWs), Small and Medium Enterprises (SMEs) and ‘unbanked’ Filipinos in rural areas. Mohur is a Remittance Platform Provider registered with the Bangko Sentral ng Pilipinas (BSP) and Anti-Money Laundering Council (AMLC) while PostBank, formerly known as Philippine Postal Bank, is in the process of becoming an OFW Bank, once acquired by Landbank of the Philippines, the country's largest government bank, as it seeks approval from Securities and Exchange Commission (SEC), Monetary Board (MB) and BSP. ...