@pplmanuel Bangko Sentral ng Pilipinas Governor Benjamin Diokno presents updates on the country's macroeconomic fundamentals
@pplmanuel BSP Gov. Diokno says time-bound regulatory relief measures remain in place until year-end. These include reducing the minimum liquidity ratio of stand-alone thrift banks from 20% to 16%
@pplmanuel BSP Gov. Diokno says the BSP is working on policy reforms that would promote sustainable finance
@pplmanuel BSP Gov. Diokno thanks thrift banks for their continuous support for, collaboration with the central bank to deliver services to Filipinos
@pplmanuel BSP Gov. Diokno notes efforts to promote measures amending the Agri-Agra Law: The proposal introduces amendments that shall enhance rural sector access to private sector financing
@pplmanuel BSP Gov. Diokno recaps end-August deadline of application for digital bank licenses: This decision will allow the BSP to monitor performance, impact of digital banks to the banking sector.
He adds the 9 applications they received did not fully comply with the requirements.
@pplmanuel BSP Gov. Diokno on RRR for thrift banks: This recognizes their simpler operations compare to UKBs... The BSP also reduced their MLR until year-end to help covered banks meet clients' liquidity.
@pplmanuel International Finance Corporation senior operations officer Dr. Miguel Soriano emphasizes digitalization is important to banks, but lists external and internal risks and challenges that must be resolved
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Cinema Exhibitors Association of PH President Charmaine Bauzon: We won’t be opening just yet this Saturday… Learning that finally IATF has allowed cinemas to reopen, we need to mobilize things to make sure when people come and watch it will be worthwhile bit.ly/2YNQRTa
Bauzon: Prior to opening, there has to be mandatory checking of temperature, fill out contact tracing form…. At 30% capacity only fully vaccinated people can come in.
THREAD: Presidential aspirant Vice President Leni Robredo speaks at the Rotary Club of Manila membership meeting | @anjocalimario
@anjocalimario On foreign policy, Robredo says Philippines will collaborate with China in areas with no conflict. But when it comes to West Philippine Sea, we can’t deal w/o recognition of arbitral ruling. | @anjocalimario
Robredo points out it will always be beneficial for Philippines to have an inclusive and independent foreign policy. | @anjocalimario
Labor Sec. Silvestre Bello says the PH will preside over the meeting of the International Labour Organization's government group this month. On the agenda is 'improving the employment contracts of migrant workers,' he adds.
Labor Sec. Bello says 2.6 million workers from the informal sector benefited from the department's Tulong Panghanapbuhay sa Ating Disadvantaged/Displaced Workers (TUPAD) program
The Philippine government formally accepts the five S-70i Black Hawk helicopters for the @phil_air_force during a ceremony at Clark Air Base, Pampanga on Wednesday | @davidyusantos
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@phil_air_force@davidyusantos The latest batch of S-70 is part of 16 units Manila procured in 2019 to replace its current fleet of combat utility helicopters. Last 5 units are set for delivery by yearend. Meanwhile, 10 UH-1D helos were also decommissioned during the Clark event | @davidyusantos
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@phil_air_force@davidyusantos The Philippines also received on Wednesday four units of the ScanEagle unmanned aerial system (UAS).
No other details of the turnover are available as of this time.
US gov't has previously handed over security drones to PH through a military financing program | @davidyusantos
VP aspirant Kiko Pangilinan, the running mate of presidential hopeful Leni Robredo: I'm very overwhelmed by the support. I didn't expect it to be this way. Malaking bagay ito para sa amin because we want it to be a people's campaign.
VP aspirant Pangilinan: People's response compelling us to really get organized