PNT Foreign Exchange $ 1.00 Cdn = P 39.44Php
12 BUSINESS NEWS PHILIPPINE ASIAN NEWS TODAY December 16 - 31 , 2017
The Philippine central bank said Wednesday that it would investigate claims that an ATM dispensed faceless P100 bills on Christmas , adding that such denominations could be replaced .
A bank client posted a complaint on Facebook that she withdrew “ faceless ” P100 bills from one of the ATMs of the Bank of the Philippine Islands .
Earla Anne Yehey tagged the official accounts of the bank and the Bangko Sentral ng Pilipinas in her post which was shared thousands of times .
Nestor Espenilla , the governor of the central bank , said the body had already launched a probe into the incident .
He added that at this stage the incident still seemed “ very
In 2016 , over half of Filipinos with smartphones used mobile banking services at least once a week , with the top two reasons being convenience and availability .
Every year , the Visa Consumer Payment Attitudes study surveys 500 Filipinos to obtain information on their online payment habits .
The study also found that almost three in four Filipinos with smartphones have a banking app .
Among those surveyed , 65 percent made a purchase via their smartphone . Mobile payments are made at least once a week ( 41 percent ).
A major factor in mobile payment adoption is having a smartphone . This was cited as
Faceless P100 bills incident ‘ very isolated ’ - Central bank
isolated .”
The central bank ’ s response came after BPI also vowed to investigate and verify the incident .
“ W e are already i n v e s t i g a t i n g the matter and currently validating the concerns of Ms . Earla Anne . We will provide updates once available ,” BPI head of corporate affairs and communications Owen Cammayo said in a statement . ( A . Morallo )
one of the top three reasons to make mobile payments , the other two being convenience and security of payments .
On-demand services such as transport network vehicle services ( TNVS ) like Uber and Grab have contributed greatly to the use of mobile payment .
Six in 10 Filipinos surveyed said they have used the mobile payment to book transportation and to avail themselves of beauty services .
The number is even higher for the emerging affluent at 70 percent .
Convenience , efficiency and shopping at their own homes were cited as the main reasons for paying via mobile phone .
By 2020 , the Bangko Sentral ng Pilipinas ( BSP ) hopes
The Philippine central bank on Wednesday vowed to probe and verify the withdrawal of faceless P100 bills from an automated teller account of the Bank of the Philippine Islands on Christmas day . Earle Anne Yehey , Facebook
Conglomerates formalize NAIA bid
Seven of the country ’ s top conglomerates have formalized their bid to rehabilitate , operate , and maintain the Ninoy Aquino International Airport ( NAIA ).
Aboitiz InfraCapital , Inc ., the Ayala group ’ s AC Infrastructure Holdings Corp ., Andrew Tan ’ s Alliance Global Group , Inc ., Lucio Tan ’ s Asia ’ s Emerging Dragons Corp ., the Gotianun ’ s Filinvest Development Corp ., the Gokongwei ’ s JG Summit Holdings Inc . and Metro Pacific Investments Corp . said the NAIA will “ continue to be a strategic gateway ” and a “ key hub of airline operations for many more years .”
“ The consortium will work with foreign technical partners with proven world class track records and experiences in airport operations to improve , upgrade , and enhance the operational efficiencies of NAIA covering both landside and airside facilities ,” it said .
“ Numerous foreign and local experts have highlighted the advantage of keeping an airport within city limits . Like other major cities in the world , experts recommend an in-city airport and another one outside the metropolis to complement it ,” the consortium added .
The consortium took note of “ megacities that benefit from a two-airport set-up include Tokyo ( Haneda and Narita ) and London ( Gatwick and Heathrow ).”
The group said given “ proper upgrades and strategic improvements ,” NAIA can easily accommodate an additional 11 million passengers annually from the current 39.5M passengers , and can increase its hourly aircraft movements ( landing and take-off ) from 40 movements per hour to 48 movements per hour .
“ The unsolicited proposal is intended to help accelerate the government ’ s ‘ Build Build Build ’ program . Augmenting NAIA ’ s capacity is the quickest way to address airport congestion while other airports are being developed outside Metro Manila ,” it added . .
The consortium believes
to fulfill its cash-lite program , which means most financial transactions will become digital .
In 2016 , a Brookings report stated the Philippines had the largest improvement in digital and financial inclusion , up by eight points from 2015 .
S m a r t - phone penetration , adoption of mobile money accounts , and the launch of the Philippine National Strategy for Finan-
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PNT Foreign Exchange $ 1.00 Cdn = P 39.44Php
$ 1.00 US = P 49.85 € 1.00 EUR = P 59.30 ₤ 1.00 GBP = P 66.78 D1.00 BHD = P 133.24 R1.00 SAR = P 13.29 ¥ 1.00 JPY = P 0.44
that “ this approach promotes greater economic benefit and sustainability for the whole country .” The terms of the
cial Inclusion ( NSFI ) contributed to the increase in score . ( N . V .
Memorandum of Understanding or framework of the consortium are still under negotiation . ( R . Castro , Malaya )
More Filipinos embrace mobile banking for convenience — survey
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