By Rose de la Cruz

 

The Monetary Board—policy-making arm of the Bangko Sentral ng Pilipinas—has approved the conduct of the Banking Sector Outlook Survey (BSOS) to be used in gathering the sentiments of presidents and chief executive officers of the country’s banking sector on their growth outlook, risk assessments, business performance strategies and insights on regulation and supervision.

 

The survey is part of the surveillance toolkit of the BSP to promote the sustained resilience of the banking system.

 

The BSOS will capture forward-looking information consistent with BSP’s proactive approach to banking supervision.

 

The survey will also inform additional perspectives on the evolution of banks’ business models that can help enhance prudential regulations. The initial run of the BSOS will cover all universal/commercial, including foreign banks, and thrift banks and the Top 20 rural banks in terms of total loan portfolio.

 

The initial rollout of the survey will start in June 2018.

 

The BSP intends to expand the coverage of the survey to include all banks and to conduct the same on a semi-annual basis in the succeeding years. The aggregated results of the survey will be published by the BSP.

Read more: MB okays banking sector outlook survey

3-months suspension of TRAIN on fuel urged

 

 

By Rose de la Cruz

 

 

Rep. Michael Romero of 1 PACMAN partylist and assistant majority leader, has filed House Resolution 1919 urging the President to suspend for three months from June to August 2018 the imposition of excise tax rates on fuel and other petroleum prodicts under the TRAIN law, to ease inflation pressures and slow down the further deterioration of the peso.

 

He said that from January 2017 to May 2018, the Philippine peso lose about six percent of its purchasing power and inflation in January 2018 hit 4 percent, rising to 5.1 percent…

Read more: 3-months suspension of TRAIN on fuel urged

3 bills filed pushing for senior citizens commission

 

 

By Rose de la Cruz

 

Three bills—House Bills 802, 6251 and 7018—seeking the creation of a Commission on Senior Citizens, which now comprise 10 percent of the country’s population.

 

The bill seeks to institutionalize the benefits and rights of senior citizens (in the same vein the Commission on Youth is the children) with the power to hear and try complaints filed by the elderly within their jurisdictions particularly with respect to non-compliance on their rights and privileges (by organizations, institutions and society in their areas).

 

Rep. Ron Salo, assistant majority leader and Kabayan partylist, chairs…

Read more: 3 bills filed pushing for senior citizens commission

Videos to inspire savings, investments

 

 

By Rose de la Cruz

 

 

Beginning this school year, public school learners will be exposed to videos and curriculums that would teach them the value of savings, investing and preparing for their future needs and wants following the signing Monday of the memorandum of understanding among Bangko Sentral ng Pilipinas, Department of Education and the BDO Foundation.

 

The joint undertaking is called Financial Literacy Program for schools which aims to share lessons on financial responsibility with public school teachers (who despite their currently better pay than most civil servants are caught in debt traps from…

Read more: Videos to inspire savings, investments

Rebuild Marawi schools ahead of the master plan

 

 

By Rose de la Cruz

 

Instead of following the timeline stipulated in the rebuild Marawi master plan, the government should rebuild the schools ahead and as soon as possible to ensure normalcy and continuity of the school year in the war-torn city of Marawi in Mindanao.

 

The call was made by Rep. Salvador Belaro Jr. of 1-Ang Edukasyon partylist, as he stressed that the approval and implementation of the grand master plan for Marawi City can take several years. What the Philippines’ Islamic City needs is a swifter return to normalcy or better, a new beginning.…

Read more: Rebuild Marawi schools ahead of the master plan

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