Power of touch

Social distancing is a phrase we have been forced to accept and practice because of COVID-19. It is, per Merriam-Webster, the practice of maintaining a greater than usual physical distance from other people or of avoiding direct contact with people or objects in public places during the outbreak of a contagious disease to minimize exposure and reduce the transmission of infection. Under this concept, handshaking is discouraged, with other less tactile forms of greeting observed. It is the no-touch policy that prohibits hugs, squeezes, and strokes we used to warm our daily interaction.

Peso climbs further as PHL unemployment rate eases 

THE PESO appreciated further against the dollar on Thursday after latest data showed the country’s unemployment rate eased in March.

Yields on BSP’s term deposits drop on steady April inflation

YIELDS on the central bank’s term deposits slipped on Wednesday following steady April inflation data and as the peso strengthened in the past days.

End-March state-backed loans to MSMEs surge by sevenfold

STATE-RUN Philippine Guarantee Corp. (Philguarantee) saw its guaranteed loans to micro, small and medium enterprises (MSMEs) surge by sevenfold as of March from the end-2020 level after receiving the P5 billion in additional funds from the government’s second stimulus package.

Microinsurance premium production down in 2020

THE MICROINSURANCE industry’s total premium production dropped by 14.5% last year, but the number of persons covered by these products increased at the height of the coronavirus pandemic, the Insurance Commission (IC) reported on Wednesday.

Remittances, BPO receipts boost the peso amid pandemic

CASH REMITTANCES from overseas Filipino workers (OFWs) as well as business process outsourcing (BPO) revenues will support the peso even as the Philippines continues to fight a surge in coronavirus infections, MUFG Global Research said on Wednesday.

Bank bosses want a return to working in the office, but employees want to...

BANK BOSSES are hoping to leave remote work in the past.

Nat Re net income drops 24% in 2020

THE National Reinsurance Corporation of the Philippines (Nat Re) booked a net profit of P120 million last year, down by 24% year on year after low investment income offset its high earnings from underwriting.

Peso continues to rally vs dollar on slower-than-expected inflation print

THE PESO appreciated versus the greenback for the fifth straight day as inflation was steady in April and as the daily tally of coronavirus cases remained low.

New Chia cryptocurrency promises to be greener than Bitcoin, but may drive up hard...

It has been a big year for cryptocurrency. Bitcoin is worth six times what it was 12 months ago, and the joke currency Dogecoin has seen a hundredfold increase in price. A boom in “non-fungible tokens”, or NFTs — tradable tokens based on the same technology as cryptocurrency — is transforming the art market.