Council says pandemic accelerated rise of digital finance

THE Financial Stability Coordination Council (FSCC) said one of the positive results of the pandemic is the accelerated development of digital finance. The Council said in a statement Tuesday that it has considered the findings of multilateral agencies and international bodies which concluded that global financial markets were able to …

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Electronics industry seeks review of perks, claims FDI weakening

THE electronics industry called for a review of the fiscal incentives system under Republic Act No. 11534 or the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act, noting that the next government needs to address the weaker-than-expected levels of foreign investment the law has generated. “On one hand, CREATE …

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Robredo sees trust in gov’t as critical to investor confidence

VICE-PRESIDENT Maria Leonor G. Robredo said her platform if she wins the Presidency will conform largely to the economic planning agency’s long-term blueprint, but emphasized the need for “trust” in the government to attract the needed investment. She said in a recorded video during the 10th Arangkada Philippines forum Tuesday that …

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To address vaccine inequity, boost regional manufacturing capacity — International Vaccine Institute

The world makes two billion coronavirus disease 2019 (COVID-19) vaccine doses a month, yet 95% of people in low-income countries have yet to receive a single dose, said Dr. Jerome Kim, director general of the non-profit International Vaccine Institute. “Manufacturers deserve a lot of credit for developing vaccines within 11 …

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Religion, blood transfusion, and vaccination

Jehovah’s Witness, a Christian denomination that avoids blood transfusions, views vaccination against coronavirus disease 2019 (COVID-19) as a personal decision. “Many of Jehovah’s Witnesses choose to get vaccinated,” said Gideon L. Aves, director of Hospital Information Services for Jehovah’s Witnesses in the Philippines. Since the pandemic broke out, he added, the denomination …

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BW Insights: Fintech’s Place in the Growth of Cryptocurrencies

In the past years, the use of cryptocurrencies has thrived in the Philippines and is even expected to grow mainstream. Early in 2021, the Statista Global Consumer Survey revealed that the Philippines is the third highest adapter of cryptocurrency, with remittance payments playing a significant role in its widespread use. …

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Philippine stocks gain as Omicron worries wane

By Marielle C. Lucenio PHILIPPINE shares rose on Tuesday after being in the red for much of the trading hours, as investors slowly digested news that November inflation had eased to the slowest in four months. Market fears around the Omicron coronavirus variant had also ebbed after reports that its …

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Peso recovers as Nov. inflation slows for third straight month

By Luz Wendy T. Noble, Reporter THE PESO on Tuesday strengthened against the dollar on better job data and after inflation eased to the slowest level in four months. The local currency closed at P50.375 a dollar, appreciating by 3.5 centavos from Monday’s close, according to data posted on the …

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Constant change

Pro basketball head coaches get hired and fired all the time. And as habitués of the sport know, the reasons aren’t always clear. Ideally, they should be; after all, the best basis for tenure is performance borne off measurable objectives. Yet, hoops annals are littered with examples of bench tacticians …

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US officials to boycott Beijing Olympics over rights ‘atrocities’

WASHINGTON/BEIJING — US government officials will boycott the 2022 Winter Olympics in Beijing because of China’s human rights “atrocities,” the White House said on Monday, just weeks after talks aimed at easing tense relations between the two superpowers. The diplomatic boycott, which leaves athletes free to travel to Beijing to …

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