Alyansa Tigil Mina (ATM) has expressed its support to Brooke’s Point Mayor Jean Feliciano, who was temporarily suspended by the Ombudsman as a result of a lawsuit filed by Global Ferronickel Holdings, Inc.’s (FNI) Ipilan Nickel Corporation (INC). In a statement on Tuesday, ATM said Feliciano...
The Philippine government's recent mining policies appear to have weakened the protective and accountability elements of regulating mining in the Philippines . This is according to Alyansa Tigil Mina (ATM), which expressed dismay over new mining policies being pushed by the Department of...
Executive Order No. 13 0 The government has formally repealed the ban on open-pit mining method in the country, at least based on draft implementing rules and regulations (IRR) of Executive Order (EO) 130. Based on the draft of the three-page IRR, the government repealed, amended, and...
The Office of the President (OP) was urged to cancel the ‘stay order’ issued on mining companies with pending suspension and closure orders. This as such move will not do anything for the Philippine economy. “We demand that the Office of the President immediately cancels this ‘Stay...
The local banking industry implemented a new system of charging fees for ATMs which started yesterday, April 7, 2021. Currently, there are close to 22,000 ATMs nationwide that are used by over 77 million cardholders. These ATMs are interconnected so cardholders of a bank can transact at ATMs of...
Bangko Sentral ng Pilipinas Governor Benjamin E. Diokno said banks can increase ATM withdrawal fees up to P18 only, the cap they are imposing now, as well as a P2.50 ceiling for balance inquiry charges. Based on the acquirer-based ATM fee charging (ABFC), which started April 7, banks will impose...
BDO Unibank, Inc. and BDO Network Bank now has the most expansive ATM network in the country to allow its clients to continuously perform cash withdrawals anytime, anywhere. In a statement, BDO said there are currently over 4,400 BDO and BDO Network Bank ATMs strategically located all over the...
BDO Unibank announced that its clients can now make card-less, QR Code-based withdrawals from select BDO automated teller machines. “Withdrawing using QR Codes is now available in the Philippines,” said Tovi Mendoza, BDO Senior Vice President and Head of ATM Network & Applied Payment...
Starting on April 7 The Bangko Sentral ng Pilipinas (BSP) said the banking public will only see ATM fee adjustments of P10 to P18 after the first week of April, from P10 to P15 which has been the price for transacting machine withdrawals since 2013. “By April 7, ATM withdrawal fees are expected...
The Bankers Association of the Philippines (BAP) on Wednesday said the adoption of the ATM pricing method using acquirer-based fee principle will offer more competitive rates. “We are appreciative of the BSP’s (Bangko Sentral ng Pilipinas) move to adopt this pricing philosophy that is market...
Chamber of Mines of the Philippines (COMP), which is composed of some of the country’s biggest mining companies, welcomed the proposal of the Mines and Geosciences Bureau (MGB) to further regulate small-scale mining (SSM) activities in the Philippines. But, the group warned that allowing...
