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Tonik (bank)
Tonik is an all-digital bank which was launched in the Philippines in 2021, notable for being the first all-digital bank, or "neobank" in Southeast Asia. Its consumer products range from deposits, payments, debit cards, and loans. It operates with its own bank license issued by the Bangko Sentral ng Pilipinas (BSP), with deposits insured by the Philippine Deposit Insurance Corporation (PDIC). Its holding company is Singapore-based Tonik Financial Pte Ltd. Tonik is backed by international investment groups Sequoia India, iGlobe Partners, Insignia Ventures, Point72 and Camerton Holdings. Other than Manila, the neobank operates out of three hubs based in Singapore, Kyiv, and Chennai. History Tonik was founded in 2020 by serial entrepreneur Greg Krasnow at a time when the Bangko Sentral Ng Pilipinas, the Philippines' central bank, was working to improve financial inclusion in the country. At the time, 70% of the Filipino population who remained unbanked, but the rise of the COVI ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Philippines
The Philippines (; fil, Pilipinas, links=no), officially the Republic of the Philippines ( fil, Republika ng Pilipinas, links=no), * bik, Republika kan Filipinas * ceb, Republika sa Pilipinas * cbk, República de Filipinas * hil, Republika sang Filipinas * ibg, Republika nat Filipinas * ilo, Republika ti Filipinas * ivv, Republika nu Filipinas * pam, Republika ning Filipinas * krj, Republika kang Pilipinas * mdh, Republika nu Pilipinas * mrw, Republika a Pilipinas * pag, Republika na Filipinas * xsb, Republika nin Pilipinas * sgd, Republika nan Pilipinas * tgl, Republika ng Pilipinas * tsg, Republika sin Pilipinas * war, Republika han Pilipinas * yka, Republika si Pilipinas In the recognized optional languages of the Philippines: * es, República de las Filipinas * ar, جمهورية الفلبين, Jumhūriyyat al-Filibbīn is an archipelagic country in Southeast Asia. It is situated in the western Pacific Ocean and consists of around 7,641 islands t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Manila Bulletin
The ''Manila Bulletin'' (), (also known as the ''Bulletin'' and previously known as the ''Manila Daily Bulletin'' from 1906 to September 23, 1972, and the ''Bulletin Today'' from November 22, 1972, to March 10, 1986) is the Philippines' largest English language broadsheet newspaper by newspaper circulation, circulation. Founded in 1900, it is the second oldest extant newspaper published in the Philippines and the second oldest extant English language, English newspaper in the Far East. It bills itself as "The Nation's Leading Newspaper", which is its official slogan. According to a survey done by the Reuters Institute for the Study of Journalism, Manila Bulletin is considered "one of the most trusted news organizations"; placing 2nd with 66% of Filipinos trusting the organization. History ''Manila Bulletin'' was founded in 1900 by Carlson Taylor as a shipping journal. In 1957, the newspaper was acquired by Swiss expatriate named Hans Menzi. From 1938 to his death in 2002, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Neobank
A neobank (also known as an online bank, internet-only bank, virtual bank or digital bank) is a type of direct bank that operates exclusively online without traditional physical branch networks. The term "challenger bank" is used in the UK to refer to a number of fintech banking startups that emerged in the wake of the 2007–2009 financial crisis. Their services may be accessed by clients through their respective computers or mobile devices. The range of services provided by neobanks is not as broad as that of their traditional counterparts. Unlike incumbent banks, a large portion of the income of neobanks is mainly made up of transaction fees received when customers pay with their debit card. History The term ''neobank'' has been in use since at least 2016 to describe fintech-based financial providers that were challenging traditional banks. There were two main types of company that provided services digitally: companies that applied for their own banking license and compan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bangko Sentral Ng Pilipinas
The Bangko Sentral ng Pilipinas (; commonly abbreviated as BSP in both Filipino and English) is the central bank of the Philippines. It was established on July 3, 1993, pursuant to the provision of Republic Act 7653 or the New Central Bank Act of 1993 as amended by Republic Act 11211 or the New Central Bank Act of 2019. History American era and World War II In 1900, the First Philippine Commission passed Act No. 52, which placed all banks under the Bureau of the Treasury and authorizing the Insular Treasurer to supervise and examine banks and all banking activity. In 1929, the Department of Finance, through the Bureau of Banking, took over bank supervision. By 1933, a group of Filipinos had conceptualized a central bank for the Philippine Islands. It came up with the rudiments of a bill for the establishment of a central bank after a careful study of the economic provisions of the Hare–Hawes–Cutting Act, which would grant Philippine independence after 12 years, bu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
COVID-19 Pandemic In The Philippines
The COVID-19 pandemic in the Philippines has resulted in, as of , reported cases, resulting in reported deaths, the fifth-highest in Southeast Asia, behind Vietnam, Indonesia, Malaysia, and Thailand. The first case in the Philippines was identified on January 30, 2020, and involved a 38-year-old Chinese woman who was confined at San Lazaro Hospital in Metro Manila. On February 1, 2020, a posthumous test result from a 44-year-old Chinese man turned out positive for the virus, making the Philippines the first country outside China to record a confirmed death from the disease. After over a month without recording any cases, the Philippines confirmed its first local transmission on March 7, 2020. Since then, the virus has spread to the country's 81 provinces. National and local governments have been imposing community quarantines since March 15, 2020, as a measure to limit the spread of the virus. These include the Luzon-wide enhanced community quarantine (ECQ) that was implem ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Enhanced Community Quarantine In Luzon
The enhanced community quarantine in Luzon was a series of stay-at-home orders and ''cordon sanitaire'' measures implemented by the Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF-EID) on the island of Luzon and its associated islands. It is part of the COVID-19 community quarantines in the Philippines, a larger scale of COVID-19 containment measures with varying degrees of strictness. The "enhanced community quarantine" (ECQ) is the strictest of these measures and is effectively a total lockdown. There were three instances of the ECQ being implemented in Luzon. The first ECQ and first MECQ were implemented between March 17 and May 31, 2020. This was announced on March 16, two days after the government of the Philippines under Rodrigo Duterte placed Metro Manila under a "community quarantine" on March 14. It was implemented throughout Luzon from March 17 until May 15, and remained in areas with a moderate to high risk of infection until May ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
BusinessWorld
''BusinessWorld'' is a business newspaper in the Philippines with a nationwide circulation of more than 117,000 (as of March 2014). Founded in 1967 as ''Business Day'', it is Southeast Asia's first daily business newspaper. History ''Business Day'' Raúl Locsin, then a reporter for the business section of the now-defunct '' The Manila Chronicle'', took out a ₱5,000 loan to start ''Business Day'', the paper's forerunner. ''Business Day'' released its debut issue on February 27, 1967. It was the first business daily in Southeast Asia, and it was dedicated to “competent and responsible reporting of the news.” On March 1, 1971, ''Business Day'' published a record of the previous year's highest-grossing Philippine firms. Eight years later, the Securities and Exchange Commission and ''Business Day'' launched ''1000 Top Corporations in the Philippines'' gazette. This effort laid the foundation for what is now known as BusinessWorld Top 1000 Corporations in the Philippines, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Quezon City
Quezon City (, ; fil, Lungsod Quezon ), also known as the City of Quezon and Q.C. (read in Filipino as Kyusi), is the List of cities in the Philippines, most populous city in the Philippines. According to the 2020 census, it has a population of 2,960,048 people. It was founded on October 12, 1939, and was named after Manuel L. Quezon, the List of presidents of the Philippines, second president of the Philippines. The city was intended to be the Capital of the Philippines, national capital of the Philippines that would replace Manila, as the latter was suffering from overcrowding, lack of housing, poor sanitation, and traffic congestion. To create Quezon City, several barrios were carved out from the towns of Caloocan, Marikina, San Juan, Metro Manila, San Juan and Pasig, in addition to the eight vast estates the Philippine government purchased for this purpose. It was officially proclaimed as the national capital on October 12, 1949, and several government departments and i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
BusinessMirror
The ''BusinessMirror'' is a daily business newspaper in the Philippines founded in 2005 by Antonio Cabangon Chua, who was also its publisher and the owner of radio network Aliw Broadcasting Corporation. As of September 2011, ''BusinessMirror'' has a daily circulation of 82,000. ABS-CBN agreement On April 30, 2014, ''BusinessMirror'' and ABS-CBN Integrated News and Current Affairs (consisting of ABS-CBN News Channel and its online affiliate, ABS-CBNnews.com) signed a content sharing/partnership agreement that will boost both entities to continue to deliver the credible business and economy news in the country. Officers of ''BusinessMirror'' and ABS-CBN News, including its news chief, Regina Reyes, witnessed the agreement signing. References External links *Media Ownership Monitor Philippines - Printby VERA Files and Reporters Without Borders Reporters Without Borders (RWB; french: Reporters sans frontières; RSF) is an international non-profit and non-governmental organiz ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Makati
Makati ( ), officially the City of Makati ( fil, Lungsod ng Makati), is a 1st class highly urbanized city in the National Capital Region of the Philippines. Makati is the financial center of the Philippines; it has the highest concentration of multinational and local corporations in the country. Major banks, corporations, department stores as well as foreign embassies are based in Makati. The biggest trading floor of the Philippine Stock Exchange used to be situated along the city's Ayala Avenue, before the stock exchange moved their headquarters to the Bonifacio Global City in Taguig. Makati is also known for being a major cultural and entertainment hub in Metro Manila. According to the 2020 census, it has a population of 629,616 people making it as the 17th most populous city in the country and ranked as the 41st most densely populated city in the world with 19,336 inhabitants per square kilometer. Although its population is just above half a million, the daytime populat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Philippine Star
''The Philippine Star'' (self-styled ''The Philippine STAR'') is an English-language newspaper in the Philippines and the flagship brand of the Philstar Media Group. First published on July 28, 1986, by veteran journalists Betty Go-Belmonte, Max Soliven and Art Borjal, it is one of several Philippine newspapers founded after the 1986 People Power Revolution. The newspaper is owned and published by Philstar Daily Inc., which also publishes the monthly magazine ''People Asia'' and the Sunday magazines ''Starweek'' and ''Let's Eat''. As part of the Philstar Media Group, its sister publications include business newspaper ''BusinessWorld''; Cebu-based, English-language broadsheet ''The Freeman (newspaper), The Freeman''; Filipino-language tabloids ''Pilipino Star Ngayon'' and ''Pang-Masa''; Cebuano-language tabloid ''Banat'', online news portals Interaksyon (formerly with News5), LatestChika.com, Philstar Life and Wheels.ph, and TV/digital production unit Philstar TV. In March 201 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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