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Financial technology firms Traxion Pay and Coins.ph have partnered up to "simplify" remittance transactions for Filipinos abroad.The two firms recently announced their blockchain-enabled remittance solution that will allow for cryptocurrency conversion into Philippine Pesos to benefit Overseas Filipino Workers .
They added that the system will have reduced transaction fees, near real-time remittances, and additional hubs for underserved communities.“Our partnership with Coins.ph is a game-changer for OFWs and the communities we serve through cooperatives, rural banks, and microfinance,” said Traxion Pay CEO Ann Cuisia.“Coins.ph is committed to making cryptocurrency adoption more accessible for Filipinos.
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Philippine Navy: China's Use of LRAD Signals Escalating Aggression in West Philippine SeaThe Philippine Navy has condemned the use of Long-Range Acoustic Devices (LRAD) by the China Coast Guard (CCG) against a Philippine Coast Guard vessel, calling it a clear escalation of aggression in the West Philippine Sea. Rear Admiral Roy Vincent Trinidad, spokesperson for the Philippine Navy in the WPS, stated that the LRAD signifies an increase in the Chinese Communist Party's aggression and underscores their illegal presence and coercive actions in the disputed waters. He linked this incident with China's broader strategy of asserting territorial claims over the South China Sea, citing the recent arrest of a Chinese national involved in intelligence surveillance of Philippine infrastructure.
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Philippine Coast Guard Stands Firm Against Chinese Vessels in West Philippine SeaA Philippine Coast Guard (PCG) ship, BRP Cabra, successfully deterred three Chinese vessels from approaching the coast of Zambales. The incident highlights the ongoing tensions in the disputed West Philippine Sea. Meanwhile, the PCG launched a comic book to counter alleged Chinese disinformation and promote awareness about the country's maritime rights.
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Philippine Stock Exchange to Acquire Controlling Stake in Philippine Dealing System Holdings Corp.The Philippine Stock Exchange Inc. (PSE) is reallocating P110 million from a 2018 stock rights offering to acquire a controlling stake in the Philippine Dealing System Holdings Corp. (PDSHC). This move follows a series of share purchases by the PSE from other PDSHC stakeholders, aiming to consolidate the country's equities and fixed-income exchanges. The PSE's equity stake in PDSHC currently stands at 55.53 percent.
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Philippine Stock Exchange Reallocates Funds to Acquire Controlling Stake in Philippine Dealing SystemThe Philippine Stock Exchange Inc. (PSE) is using funds from a 2018 stock rights offering to acquire a controlling stake in the Philippine Dealing System Holdings Corp. (PDSHC). This move consolidates the country's equities and fixed-income exchanges.
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Philippine Fishermen Sound Alarm Over US-Led Military Exercises in Philippine WatersFilipino fishermen express deep concerns over the environmental and social impacts of joint military exercises conducted by the United States in Philippine waters. They argue that these exercises disrupt their livelihoods, cause psychological trauma, and damage fragile marine ecosystems.
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Philippine Coast Guard Stands Firm Against Chinese Vessels in West Philippine SeaThe Philippine Coast Guard (PCG) asserts its authority in the West Philippine Sea (WPS), issuing radio challenges to Chinese Coast Guard (CCG) vessels encroaching within the country's exclusive economic zone (EEZ).
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