Cabinet Secretary Karlo Nograles said on Tuesday, June 15, that the government will “recalibrate” and prioritize the distribution of more COVID-19 vaccines to areas under the modified enhanced community quarantine (MECQ), the Philippines’ second strictest lockdown level. Cabinet Secretary...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said there is no need to alter or revise the Currency Risk Protection Program (CRPP) which allow banks to hedge their eligible foreign currency obligations. “We have not seen the need to further update or expand the hedging facility...
Governments must make data-driven decisions to allow tested or vaccinated persons to travel while avoiding quarantine measures for the rest, the International Air Transport Association (IATA) urged. IATA teamed-up with Airbus and Boeing to develop data-driven risk-management models to keep...
The country's health frontliners attending to coronavirus patients will continue to receive a special risk allowance from the government. President Rodrigo Duterte (File photo/Malacañang) President Duterte has signed Administrative Order No. 42 authorizing the continued grant of COVID-19 Special...
GOVERNANCE MATTERS Former Vice President Jejomar Binay The recent hard lockdown has again disrupted business and economic activities in Metro Manila, Cavite, Laguna, Bulacan, and Rizal. These are the country’s major economic hubs, and disruptions in these areas impact heavily on the goal of...
As a result of the government’s decision to regulate the issuance of import permits on rice, the Philippines will now end the year with slightly lower imports of the staple. Despite this, the country is still poised to retain its status as the world’s top rice importer. In its latest report on...
The Philippines and Hungary signed three memorandum of understanding and agreed to push further bilateral economic relations with targeted sectors for cooperation, particularly startups, at the recent Second Session of the Philippine-Hungarian Joint Commission on Economic Cooperation held in Makati...
Banks’ standing as trusted financial institutions will have new yardsticks with the Bangko Sentral ng Pilipinas (BSP) up-coming rule on reputational risk management. It took time but BSP Deputy Governor Chuchi G. Fonacier said the...
Typhoon Ulysses’ damage and losses to the agriculture sector grew to P12.8 billion, from the previously reported P4 billion, due to production losses at farm commodities like rice, corn, high-value crops, among others. This is according to Department of Agriculture (DA) Spokesperson Noel Reyes,...
The Bangko Sentral ng Pilipinas (BSP) is amending the guidelines for banks’ operational risk management particularly on “people risk” and is proposing to adopt more rigid rules on human resource-related risk. The BSP wants stricter recruitment and selection of banks’ personnel as well as...
Here are 36 activities ranked according to their Covid-19 risk levels As countries move to relax restrictions intended to fight the pandemic, even the simplest outdoor activities seem fraught with a thousand questions and calculations. Is it safe to meet friends in the park, as long as they...
