BSP gives lower risk weight for MSMEs

 

By Rose de la Cruz

 

To ensure the growth of micro small and medium enterprises (MSMEs), the Bangko Sentral ng Pilipinas, through its policy-making body, the Monetary Board, approved the amendments to the risk-based capital adequacy framework for banks by assigning a lower risk weight of 20 percent on performing loans to MSMEs to the extent guaranteed by a qualified Credit Surety Fund (CSF) Cooperative.

 

A qualified CSF Cooperative refers to a cooperative that is organized consistent with the provisions of the Republic Act (R.A.) No. 10744 (Credit Surety Fund Cooperative Act of 2015) and its Implementing…

Read more: BSP gives lower risk weight for MSMEs

Junkies on the road

A man sends a text message to his wife: “Darling, I was in a terrible car accident. Dina brought to the hospital. The doctors say I’ve got a broken rib, fractured skull, wounds requiring stitches, broken leg that they say I might not be able to walk for a long time.” The wife texted back: “Who the shi… is Dina?”

This anecdote is likened to how our government reacts to accidents on our road. In the last few months, big cargo trucks figure in major smash-ups in our roads resulting in multiple deaths.    

 

Why Were…

Read more: Junkies on the road

Special Niche for Private Car Owners?

I heard this somewhere. Donald Trump tried to call the emergency services by dialing 911 on his phone. He found the nine easily, but then couldn’t find the eleven. 

I am reminded of this joke when I look at the war on the streets over the PUV modernization program.

Even when the government has explained to the affected sectors what this program is all about, the strongly militant Piston fails to see the wisdom of the program. It insists on making things difficult when it’s all easy. It insists on finding the 11.

This PUV modernization program has been…

Read more: Special Niche for Private Car Owners?

Something smells fishy on DepEd’s P14-B biddings?

By Chito Junia

It could have been just a case of lapse in judgment if it happened once. 

However, if it happened twice in a row, this might already be a policy issue. 

This observation came out after reports emanating from the Department of Education (DepEd) indicated that two companies have managed to participate in recent DepEd biddings despite their dubious and questionable records.

 

Compliance Issues

It was gathered that one of the companies joined in DepEd’s recent bidding for the supply of over P4 -B worth of science laboratory equipment, while the other firm participated in…

Read more: Something smells fishy on DepEd’s P14-B biddings?

5 Cabinet members briefed investors in Morgan Stanley economic briefing

 

By Rose de la Cruz

 

Five Cabinet members of the economic cluster, except for Foreign Secretary Allan Peter Cayetano, were in New York for the Philippine Economic briefing at the Morgan Stanley headquarters in New York City last October 11.

 

They were Budget Secretary Benjamin Diokno, Finance Secretary Carlos Dominguez III, Socioeconomic Planning Secretary Ernesto Pernia, Cayetano and Bangko Sentral ng Pilipinas Deputy Governor Diwa Guinigundo.

 

Diokno discussed the expansionary fiscal policy and salient points in the budget as he emphasized that the legislative agenda and administrative reforms being pushed are for greater budget transparency and…

Read more: 5 Cabinet members briefed investors in Morgan Stanley economic briefing

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