BSP sets reporting guidelines on reclassification of debt securities
THE CENTRAL BANK released guidelines on financial reporting for banks that availed of the relief measures last year on classifying debt securities.
Empathy is the skill of the future, Google says
EMPATHY is now a major skill needed in growing an innovation mindset in an organization as it helps business leaders come up with better solutions, Google LLC’s Chief Innovation Evangelist Frederik G. Pferdt said.
Yellen, International Monetary Fund chief discuss multilateral solutions to debt, other economic issues
WASHINGTON — US Treasury Secretary Janet Yellen and the head of the International Monetary Fund (IMF) agreed on Tuesday on the need for multilateral solutions to address debt vulnerabilities and other issues facing the global economy, the Treasury department said.
Manila’s ‘flawed democracy’ under Duterte cited
PHILIPPINE democracy remains flawed, according to the Economist Intelligence Unit (EIU), as the country slipped one place to No. 55 out of 167 countries in the London-based think tank’s democracy index last year.
Suspected Chinese hackers used the SolarWinds bug to spy on US payroll agency —...
WASHINGTON — Suspected Chinese hackers exploited a flaw in software made by SolarWinds Corp. to help break into US government computers last year, five people familiar with the matter told Reuters, marking a new twist in a sprawling cybersecurity breach that US lawmakers have labeled a national security emergency.
Stocks drop on profit taking, higher gov’t debt
THE MAIN INDEX ended in negative territory on Wednesday following news on the government’s outstanding debt and as investors booked their profits after the market’s two-day rally.
Checking inflation seen key as firms too weak to raise wages
THE National Economic and Development Authority (NEDA) said keeping inflation in check will be crucial for households that are still suffering from their 2020 economic setbacks, noting that many employers remain incapable of raising wages even if required to do so by the boards regulating the minimum wage.
Release rate for small business assistance loans less than 20% by end of 2020
LOANS released under the government’s assistance program for small businesses have topped P2 billion to date, or under 20% of the program’s funding.
DoE working on backup power for key vaccine sites
THE Department of Energy (DoE) said late Tuesday evening that two of its units are working on providing backup power for COVID-19 (coronavirus disease 2019) vaccine storage and administration facilities.
Metro Manila health workers to get first batch of vaccines
ALMOST 60,000 health frontliners from four major government hospitals in the capital region will be the first to get vaccinated against the coronavirus this month, according to the country’s vaccine czar.
Senator who fought dictator and pushed power reforms dies
JOHN Henry R. Osmeña, a seasoned former senator who fought the late dictator Ferdinand E. Marcos in the 1970s, has died. He was 86.
Responsible investment and financial inclusion
By Daniela Laurel
The words “sustainability,” “responsibility,” and “social reform” have been thrown around carelessly since the issue was brought to wider attention — for most scholars, the specific moment in time was the report from the Brundtland Commission, entitled “Our Common Future” in 1987 which finally created urgency on climate issues, provided a generally accepted definition of Sustainable Development, and set the agenda for the next decades.




