Arts & Culture (05/25/22)

IN HER LATEST exhibit “Par Excellence,” Marge Organo presents 32 works that play around with the literal and metaphorical meaning of objects, often those that seem to highlight the human body’s connection to those around it.

BSP proposes rules on operation of real-time gross settlement payment system

THE CENTRAL BANK is proposing rules for the operation of the Peso Real-Time Gross Settlement Payment System (RTGS PS), based on a draft circular on its website.

Kiefer Ravena quits Gilas Pilipinas, returns to NLEX

THE shocking gold medal bust in the 31st Southeast Asian Games (SEAG) probably struck Kiefer Ravena, the longest-tenured and winningest among the Gilas Pilipinas mainstays, the hardest.

PSEi sinks further as net foreign selling surges

STOCKS continued to drop on Tuesday as net foreign selling surged amid Wall Street’s rise and expectations of global monetary tightening.

Peso inches lower vs dollar on global inflation concerns

THE PESO moved sideways versus the greenback on Tuesday amid inflation concerns as the protracted war between Russia and Ukraine and coronavirus lockdowns in China roil global fuel prices.

GOCC losses exceed P703B as state insurers adopt PFRS

THE ADOPTION of Philippine Financial Reporting Standards (PFRS) has resulted in a net loss of P703.59 billion in 2021 for government-owned and -controlled corporations (GOCCs), up from P346.54 billion a year earlier, after the new accounting norms forced the recognition of major liabilities among government insurers, the Department of Finance (DoF) said.

Indonesia, PHL recoveries to outperform ASEAN — Bloomberg Economics

THE disruptions imposed by the war in Ukraine and the lockdowns in China are expected to slow the economic recovery in Southeast Asia but not knock it off track, with Indonesia and the Philippines tagged as outperformers, a Singapore-based analyst with Bloomberg Economics said. 

NEDA pressed to review infrastructure projects to manage debt load

THE incoming Socioeconomic Planning Secretary, Arsenio M. Balisacan, must review President Rodrigo R. Duterte’s active infrastructure projects in order to identify possible savings that may be applied to better managing the national debt, InfraWatchPH said in a statement.

Congress starts counting votes for President, VP 

CONGRESS on Tuesday met in a joint public session to count the votes for president and vice-president in the May 9 elections.

Incoming Justice chief vows to speed up criminal cases

INCOMING Justice Secretary and Cavite Rep. Jesus Crispin “Boying” C. Remulla on Tuesday said he would fast-track pending criminal cases and keep track of the jail sentences of all prisoners.

No sustained hike yet in COVID cases, says Health dep’t 

THE HEALTH department on Tuesday said new coronavirus subvariant cases in the country has yet to result in “sustained, large case increases or hospital admissions.” 
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