Monetary policy remains appropriate — Diokno

THE Bangko Sentral ng Pilipinas’ (BSP) accommodative monetary policy stance remains appropriate to support the economy’s recovery, officials said, vowing to keep a close eye on inflation.

Palace appoints Chua as NEDA secretary

PRESIDENT Rodrigo R. Duterte has officially appointed Karl Kendrick T. Chua as Socioeconomic Planning secretary and director-general of the National Economic and Development Authority (NEDA), after a year of holding the positions in an acting capacity.

Virus resurgence threatens strong growth momentum

THE RENEWED SURGE in coronavirus disease 2019 (COVID-19) infections is threatening to further divide the world economy between the rich and poor, potentially damaging overall global growth if the fresh outbreaks spread or if key sources of demand falter.

BSP wants Bank Secrecy Law eased

BANGKO SENTRAL ng Pilipinas (BSP) Governor Benjamin E. Diokno will ask President Rodrigo R. Duterte to certify as urgent a bill seeking to ease the Bank Secrecy Law, as he noted the Philippines is the only country with such tight restrictions on bank deposit information.

Wage board defers decision on workers’ petition

THE regional wage board has deferred its decision on a petition filed by a workers’ group seeking to raise the daily minimum wage by as much as P70 in Cavite, Laguna, Batangas, Rizal, and Quezon (collectively known as Calabarzon).

Real property valuation reform seen to boost government revenues

REFORMING the country’s real property valuation system could generate more revenues for local government units (LGUs) and accelerate the rollout of infrastructure projects, according to experts.

Diokno willing to grant more digital bank licenses

THE central bank is willing to allow more digital banks to operate in the country, if it sees strong demand, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said.

P83B wages lost due to stricter lockdowns – NEDA

AROUND P83.3 billion in income may be lost during the nearly five weeks of stricter lockdown in Metro Manila and adjacent provinces, Acting Socioeconomic Planning Secretary Karl Kendrick T. Chua said on Monday evening.

Coronavirus stares Philippines in face as hospitals get overwhelmed

SHERWIN DE LOS REYES, 38, sat in a wheelchair in the corridor of the Las Piñas City District Hospital near the Philippine capital for five days waiting to be treated for the coronavirus disease 2019 (COVID-19). He died shortly after.

BSP wants too-big-to-fail banks to submit separate recovery plan

THE Bangko Sentral ng Pilipinas (BSP) is requiring too-big-too-fail banks to submit a separate recovery plan annually starting 2022, a move seen giving the regulator a more focused assessment of a lender’s plans to bounce back from a crisis.

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