The Bangko Sentral ng Pilipinas recently issued Circular No. 1112 requiring banks to observe due diligence in the recruitment of their personnel under the Know Your Employees (KYE) rule.This is a reinforcement of the existing Know Your Customer (KYC) rule which obligates banks to perform thorough...
I lost, just almost like through the passing of the night, two colleagues at the Manila Bulletin last month, both succumbing to the dreaded virus. Their demise was unforeseen and initially met withdisbelief, but eventually accepted and it served also as a reminder to all of us how interim our life...
It was the Nayong Pilipino Foundation (NPF) that approved and chose the site of the proposed temporary mega vaccination hub on its property, contrary to the claims of its resigned executive director, the Department of Tourism (DOT) said. The Palafox group's design of the mega vaccination site....
THE VIEW FROM RIZAL Dr. Jun Ynares “What should we do with China?” Most of the messages we got last week through text and private chat had to do with the controversy surrounding the presence of Chinese boats and ships in waters claimed by our government as part of the West Philippine Sea. The...
THE VIEW FROM RIZAL Dr. Jun Ynares This past week, President Duterte announced an all-important decision to extend the Modified Enhanced Community Quarantine (MECQ) status for the National Capital Region (NCR) and a number of surrounding provinces and cities. The extension, according to the...
The Money Service Business (MSB) essentially covers the business of those engaged in remittances, money transfers and foreign exchange dealership involving currency and monetary instruments, including virtual assets. There are several types of entities involved in these operations and it may really...
(Clockwise from top left) Kang Daniel, D-Crunch, Jun of U-KISS, DKB, BAE173 and OnlyOneOf (Twitter / Instagram) Following confirmation that two members of K-pop boy band D-Crunch have tested positive for coronavirus disease (COVID-19), other members of the group and artists who have appeared on...
Photo from EPICENTER and Dota 2 Wiki Filipino powerhouse TNC Predator emerged at the top of the Dota Pro Circuit (DPC) Season 2-Southeast Asia Upper Division after two weeks of action. Thanks to the overpowered Beastmaster with Aghanim's Scepter at the hands of 11K MMR midlaner Armel...
THE VIEW FROM RIZAL Dr. Jun Ynares “Expectation is the root of all heartache.” No, we did not invent that quote. That was a famous line attributed by many – including social media habitues – to the famous English playwright William Shakespeare. It appears that this famous quotation triggers...
The Anti-Red Tape Authority (ARTA) has given the Food and Drug Administration (FDA) seven working days to complete the establishment of a green lane for the applications of local coronavirus disease (COVID-19) vaccine manufacturers. Anti-Red Tap Authority Director General Jeremiah Belgica (Photo:...
THE VIEW FROM RIZAL Dr. Jun Ynares “Are we dealing with a seriously disappointed public?” That was the question asked me last week by a colleague in the local government sector. He had engaged me in a social media chat to find out how I was doing. He had learned that I had tested positive with...
Monetary transfers, remittances and currency exchanges used to be the almost exclusive domain of banks. This is not true anymore. The increased sophistication of the financial system, aided by technological advancements, has enabled non-bank entities to enter these operations as, indeed, they have...
