Jerry Maglunog There is a clamor among officials of the Bangko Sentral ng Pilipinas (BSP) that they get immunity from suit during the painful process of putting a distressed bank under the receivership of the Philippine Deposit Insurance Corp. (PDIC).
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March, 2015
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23 March
Filipinos lack financial literacy, says Angara
Riza Lozada Financial literacy will have to be inculcated in the minds of Filipinos to achieve a secured future, Sen. Sonny Angara said.
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23 March
Carping on CARP
Dean dela Paz / The Next Page Recently, a crusted and cloyed issue nearly a third of a century old, albeit one that resurrects and recurs every so often, reared its intrusive head and merited not just a banner headline in at least one of the major broadsheets but a sudden and unscheduled emergency meeting called by a troubled and …
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23 March
For bleeding hearts
Alegria A. Imperial / Peregrine Notes Scraped to the bone on its back, lacerated breast and broken wings, and limp as a rag dumped into the trash, death could have been just a few heartbeats away three weeks ago in Panton, Galicia, Spain. But a woman taking out rubbish noticed a weak blink in its eyes, held it and felt …
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23 March
Senator Poe’s finest hour
In record time, the Senate Committee on Peace and Order and Dangerous Drugs under the chairmanship of Sen. Grace Poe released the findings of its investigation on the Mamasapano tragedy that resulted in the death of 44 Special Action Force (SAF) troopers.
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23 March
Bloomberry turns around with P4-B profit in 2014
Bloomberry Resorts Corp. (BRC), owner and operator (through its subsidiaries) of the Solaire Resort and Casino, reported P4.072 billion in net profit last year to reverse a P1.315 billion loss a year ago.
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23 March
Weakening China, Euro turmoil to hit Asian firms
Asian businesses will be challenged this year as a result of the impact of the worsening political situation in some European countries and China’s weakening economy, the outcome of the annual outlook and risk conference of a credit insurance firm indicated.
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23 March
Absence of pin pad shields bugs ATMs
Jerry Maglunog Seventy percent of all ATMs (automated teller machines) in the country or over 7,000 ATMs are magnets for skimmers who victimize unsuspecting depositors of their cash via unauthorized withdrawals from their accounts. The reason: most of the ATMs are not equipped with pin pad shield, the most basic element to prevent skimmers from taking advantage of the ATM …
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23 March
EU commits $2.15B to rescue Greece
Brussels—The European Union committed 2 billion euros ($2.15 billion) to help Athens deal with what even EU leaders now call the “humanitarian crisis” hitting Greeks in the wake of the financial crisis that left the nation on the brink of bankruptcy.
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23 March
US-Indon food fight escalates
Washington—The United States is escalating a food fight with Indonesia, charging that the Southeast Asian country violates world trade rules by blocking imports of fruit, produce and meat.
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The Market Monitor Minding the Nation's Business