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The country’s monetary authorities approved more foreign borrowings by the national government in the third quarter of 2020, the Bangko Sentral ng Pilipinas (BSP) reported on Friday. In a statement, the central bank said its policymaking Monetary Board (MB) greenlighted an aggregate $3.91 billion in foreign borrowings in July to September. The amount was aContinue reading “Okayed foreign borrowings up 48% in Q3”

With an increasing reliance on digital platforms, Filipinos face more incidents of phishing attacks, online scams and other cybersecurity threats. There is also the rise of digital piracy. Legitimate content producers and original copyright owners would be denied their share of income, which could discourage them from generating more content. Spreading of malware gives aContinue reading “Reducing risks of digital piracy”

The Land Bank of the Philippines (LandBank) said on Friday it planned to raise P3 billion from its maiden offer of sustainability bonds. In a statement, the state-run lender said it would tap and access the capital markets for the peso-denominated fixed-rate bonds, which have a two-year tenor and are due in 2024. These willContinue reading “LandBank eyes P3B from sustainability bonds”

The Bangko Sentral ng Pilipinas (BSP) gave a positive outlook on the nonstock savings and loan association (NSSLA) industry this year despite the coronavirus disease 2019 pandemic. In a virtual briefing on Thursday, BSP Governor Benjamin Diokno cited the sector’s “stable performance, sustained profitability, and opportunities for growth and improvement” for the outlook. NSSLAs areContinue reading “Outlook on savings and loan associations positive – BSP”

The government’s fiscal deficit slimmed to P138.5 billion in September as revenues and spending both declined by double digits in the month, data from the Bureau of the Treasury (BTr) showed on Friday. The shortfall was smaller than the P178.6-billion deficit a year earlier, but higher than the P40.1-billion gap in August. “The budget gapContinue reading “Budget gap shrank to P138.5B in Sept”

Since the coronavirus disease 2019 (Covid-19) pandemic began, routine doctor visits have become an unnerving task for many patients. This has led to the unusual increase in patients turning to telemedicine services in Asia. In the Philippines, for instance, the number of contactless consultations at KonsultaMD, a 24/7 subscription-based telemedicine service, surged by 450 percentContinue reading “Mainstreaming telemedicine in the Philippines”

STRONG macroeconomic fundamentals will keep to offer the peso the stableness a currency wishes, in step with government economic managers, but an analyst believes financial authorities will must faucet its dollar reserves to preserve the currency stable. On Wednesday, the peso lower back to a seven-yr low of P48.25:$1 after gaining a few floor onContinue reading “STRONG macroeconomic”

The ITGA said the FCTC has already banned tobacco farmers, tobacco producers, reputable worldwide regulation enforcement organizations which include Interpol, the media and the majority from previous CoP conferences and is now applying this undemocratic technique to sovereign kingdom states as nicely. ITGA President Francois van der Merwe stated that FCTC’s selection to exclude variousContinue reading “The ITGA said the FCTC”

The 24 member countries of ITGA, which turned into prepared in 1984, are South Africa, Argentina, Brazil, Bulgaria, China, Colombia, Croatia, Korea, USA, Philippines, India, Indonesia, Italy, Malaysia, Malawi, Mexico, Pakistan, Kenya, Dominican Republic, Thailand, Tanzania, Uganda, Zambia, and Zimbabwe. In addition, Van der Merwe said that the FCTC additionally breached Article eight of theContinue reading “The 24 member countries of ITGA”

The ITGA hereby kindly and respectfully requests which you exercise your authority, as Secretary General of the United Nations and mother or father of the UN Charter, to make certain that the FCTC fulfils its duties underneath the Charter and operates in an inclusive and transparent way, “ITGA President Francois van der Merwe and CEOContinue reading “The ITGA hereby kindly”