The Market Monitor Minding the Nation's Business
What Bangko Sentral ng Pilipinas Deputy Governor Nestor Espenilla, Jr. disclosed about the need to increase the monetary penalties that the BSP can impose on errant banks based on the amount involved in an irregularity just goes to show that many of the rules and sanctions in place in the banking system are past their usefulness.
Points of View & Perspectives
April, 2016
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17 April
Never-ending Noynoying
Coined during the incumbency of Benigno Aquino III, the global Urban Dictionary as well as an authoritative and well-balanced entry in Wikipedia define “Noynoying” as “used to describe one’s inaction despite having the responsibility to do something.”
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17 April
A caregiver is: Prepared for this?
April drizzle maybe less gray and likened to baby’s hair, deceitful in lightness, but still seeps to the bones. Fewer layers of inner wear maybe warm enough but with thin cotton outerwear, you could get soaked with yet icy water.
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17 April
Duterte-Marcos victory, a double whammy on PNoy
Barely a month before the May polls, two candidates appear to be set to break from the pack.
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17 April
RCBC shares feel heat
When shareholders of Rizal Commercial Banking Corp (RCBC) dumped their shares after the bank’s Jupiter branch was implicated in the $81-million cyberheist that hit the Bangladesh central bank, the result was disastrous for the bank’s share prices. From a year high of P47.70 per share, the bank’s share prices plummeted to P28.75.
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10 April
The Kidapawan killings
The Kidapawan killings are iconic. They reveal the painful truth behind the hollow boast of resplendent, albeit non-inclusive and disembodied, gross domestic productivity growth.
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10 April
The shrinking eggs benedict
As if change happens without warning, like the blinding brightness of an April sun, which had hit our table on the first celebration since those cooped-up, cold gray days, at a restaurant in our Vancouver neighborhood. When small comforts get compromised, even the shifting sky that in a seeming sleight of hand spotlights the paltry, turns into a culprit.
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10 April
Pinoys have had enough of PNoy
Some 80 days before the future ex-President steps down from office, discussions regarding his legacy are rising to higher decibels.
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10 April
Lolo’s ‘apps’ (‘Mga apo ni lolo’)
By Butch Galicia / Philippines News Agency Toronto—When Filipino-Canadian seniors meet in coffee shops and fast-food courts on weekends, they fill up lazy minutes with spirited talk on any subject — from the mundane to the beyond.
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3 April
BUB: The hidden trump
Both politicians we spoke to were confident that matters would start changing right after the Holy Week. They were certain that the constantly leading contenders for the presidential derby this May would start falling far behind, eating dust as it were, and magically, fueled by a high-octane chemistry of continuous mudslinging, money and machinery, the Liberal Party (LP) bet, long …