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Day: June 24, 2025

BSP Exec Cites Need for Collaborative Efforts Against Financial Fraud

Taguig City: A central bank official on Tuesday emphasized that financial fraud, particularly in the digital age, is not solely the responsibility of the Bangko Sentral ng Pilipinas (BSP) but a shared responsibility among stakeholders. BSP Deputy Governor Chuchi Fonacier highlighted this during the 2nd Quarter Digital Industry Caucus held in Taguig City. According to Philippines News Agency, Fonacier stated that combating financial fraud requires a holistic approach. She referenced Republic Act (RA) 12010, known as the Anti-Financial Account Scamming Act (AFASA), and BSP Circular Nos. 1213, 1214, and 1215, which outline measures to tackle scamming and related issues. Fonacier

Repatriation Covers All OFWs in Iran-Israel Conflict

Pasay City: The Department of Migrant Workers (DMW) and the Overseas Workers Welfare Administration (OWWA) assured that the Philippine government stands ready to provide immediate assistance, including repatriation, financial support, and reintegration aid to overseas Filipino workers (OFWs) affected by the rising tensions between Iran and Israel. According to Philippines News Agency, this voluntary repatriation effort is under Alert Level 3, with all necessary support in place for those choosing to return home. OWWA Administrator Patricia Yvonne Caunan emphasized the government’s readiness during a press briefing at the OWWA main office. She highlighted the safety net available for OFWs deciding

Antipolo Diocese to Initiate Weekly Holy Hour for Peace Amid Middle East Tensions

Antipolo: The Diocese of Antipolo will be holding a Weekly Holy Hour for Peace for the special intention of peace amid the ongoing tension in the Middle East. According to Philippines News Agency, in a pastoral letter dated June 24, Bishop Ruperto Santos invited the clergy, religious communities, and the lay faithful to join the Holy Hour for Peace to be held every Thursday starting June 26, 2025. The Catholic prelate expressed concern over the current events in the world, particularly in the Middle East, where innocent civilians are severely affected. “While the Diocese of Antipolo is geographically distant from

BPE Preps Update: Ballot Faces Approved, Source Code Being Finished

Manila: Ballot faces for the upcoming automated Bangsamoro Parliamentary Elections (BPE) have been approved while the source code is being finished, the Commission on Elections (Comelec) said Tuesday. “Preparations for automation are underway. Now we are finishing the source code. Yesterday (Monday), the Comelec en banc approved the ballot faces. That is needed in the source code,” Comelec Chairperson George Garcia said in an interview. According to Philippines News Agency, all necessary equipment and budget for the first-ever BPE have also been prepared, Garcia said. The training of Electoral Board members and support staff is already laid out. He emphasized

Investors’ Optimism on Middle East Conflict Benefits PH Bourse, Peso

Manila: Both the local main stocks gauge and the Philippine peso finished on the green Tuesday, partly on optimism for the eventual de-escalation of tensions in the Middle East. According to Philippines News Agency, the Philippine Stock Exchange index (PSEi) rose by 1.20 percent to 6,292.75 points. All Shares followed with a jump of 0.88 percent to 3,739.20 points. Most of the sectoral indices tracked the main index, led by the Financials, after it rose by 2.60 percent. It was trailed by the Industrial, 1.41 percent; Services, 0.73 percent; Holding Firms, 0.61 percent; and Property, 0.22 percent. Only Mining and

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