Electronic money issuers (EMIs) are now required to comply with minimum capital and liquidity requirements amid the rising incidence of information technology-related risks and to better protect the interests of account holders, according to the Bangko Sentral ng Pilipinas (BSP).
The Philippines is seeking closer cooperation with the Food and Agriculture Organization of the United Nations (FAO) following the first official visit of its Director-General, Qu Dongyu, to the Department of Agriculture (DA).
The Department of Agriculture’s Bureau of Fisheries and Aquatic Resources (DA-BFAR) said it will continue providing fuel assistance to fisherfolk nationwide as global oil prices rise.
The House of Representatives has endorsed a resolution pushing for the proclamation of the proposed Bicol Ecozone in Pantao, Libon, Albay as the fifth public economic zone under the Philippine Economic Zone Authority (PEZA), signaling a major step toward boosting trade along the country’s eastern seaboard.