MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) plans to deploy in July a more forward-looking compliance rating system in assessing the compliance of banks and other financial institutions in mitigating business risk. The BSP is reassessing the timeline for the implementation of the Supervisory Assessment Framework (SAFr) amid the impact of the coronavirus […]
Read MoreFilipinos have direct experiences with the devastating effects of climate change. According to the UN Office for Disaster Risk Reduction (UNDRR), the Philippines ranks fourth among countries worldwide most affected by extreme weather events over a 19-year period, from 1998 to 2017. In terms of disaster risk, the Philippines also ranked high globally – placing […]
Read MoreMANILA, Philippines — Inflation is seen to slightly accelerate in May from previous month, but would likely remain subdued, giving the central bank space to boost money supply amid the economy’s battle against the pandemic. In a statement on Friday, the Bangko Sentral ng Pilipinas (BSP) said inflation is seen to settle “within the 1.9-2.7% […]
Read MorePhilstar.com’s Life After Lockdown is a compendium of references on Filipinos’ shift to a new normalcy during a coronavirus pandemic. MANILA, Philippines — The coronavirus pandemic has dealt a crushing blow to global air travel, which has been directly affected by confinement measures and stringent travel restrictions around the world. As the Philippines begins to lift restrictions on […]
Read MoreMANILA, Philippines — The Philippines booked a 12.1 percent hike in net inflow of long-term investments to $657 million in January from $586 million in the same month last year prior to the full-blown global coronavirus outbreak, according to the Bangko Sentral ng Pilipinas (BSP). The central bank said the increase in foreign direct investments […]
Read MoreMANILA, Philippines — Doors will be opened to passengers of ride-hailing service Grab once it resumes people transport operations when quarantine rules are relaxed, not because riders are royalty, but as precaution against the coronavirus disease-2019 (COVID-19). The measure is just one of the changes Grab Philippines is rolling out as soon as its drivers […]
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