SSS considering various payment methods to assist 4Ps beneficiaries;
Domestic trade shrinks 15% in Q2;
PSA welcomes BSP issuance on digital nat’l ID acceptance
Domestic trade shrinks 15% in Q2;
PSA welcomes BSP issuance on digital nat’l ID acceptance
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NewsTranscript
00:00The Philippine Statistics Authority, or PSA, reported the value and volume of traded goods in the country declined in the second quarter of the year.
00:08This and other stories in tonight's business news wrap-up by Joms Balagan.
00:14The Social Security System, or SSS, is considering various payment methods to assist Pantawid Pamilyang Filipino Program, or for peace beneficiaries,
00:23in paying the P120 monthly contributions needed to qualify for a lifetime pension.
00:29Last month, the SSS and the Department of Social Welfare and Development, or DSWD, signed a memorandum of agreement
00:37that allows for peace beneficiaries nationwide to be members and have access to social security benefits.
00:43The Philippine Statistics Authority, or PSA, reported the value of domestic trade in the country declined 14.9% in the second quarter of this year.
00:53This amounts to Php 182.62 billion from Php 214.72 billion in the same period a year ago.
01:01Likewise, the quantity of domestic trade also fell 38.2% to Php 4.10 million metric tons from the Php 6.64 million metric tons recorded last year.
01:13The Philippine Statistics Authority, or PSA, welcomes the Banko Sentral ng Pilipinas, or BSP Directive,
01:19mandating the acceptance of the digital national ID and the use of national ID authentication services for financial transactions.
01:27BSP's Memorandum No. 2024-26 mandates that all BSP-supervised financial institutions must recognize all forms of the national ID,
01:37including the digital national ID, as well as government-issued ID and proof of identity subject to verification.
01:45Joms Paladon from the National TV Network, for a new and better Philippines.