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NB FILE PHOTO The central bank said banks did not use its rediscount facility in August as demand for credit remained weak. The Bangko Sentral ng Pilipinas (BSP) said in a statement on Friday that in the eight months to August, the overall use of the facility was P5.52 million, …
Read More »End of the pandemic: proposals for action plans having an impact on employers
On Thursday, September 9, 2021, President Biden announced a series of proposals as part of the administration’s strategy to continue fighting COVID-19. In addition to existing immunization requirements for federal government employees that were issued in July, President Biden ordered the Department of Labor’s Occupational Safety and Health Administration (OHSA) …
Read More »Banks sanctioned by P859M from 2018 to 2020
Benjamin E. Diokno, Governor of Bangko Sentral ng Philippines – BLOOMBERG THE CENTRAL BANK slapped Fines worth 859 million pesos on Fifinancial institutions from 2018 to 2020, with non-compliance with mandatory credit quotas among the main violations, said the governor of Bangko Sentral ng Pilipinas (BSP), Benjamin E. Diokno on …
Read More »Impose five percentage points to reduce lending rate – AIE to BoG
Dr John K. Kwakye The Institute of Economic Affairs (IEA) has urged the Bank of Ghana (BoG) to impose a cap of five percentage points on the spread of banks to lower lending rates in the country. He also asked the Central Bank to introduce a rule so that the …
Read More »Coming soon: Employers should ensure their employees are vaccinated or tested regularly
It has been nine months since the first person in the United States received the COVID-19 vaccine, and since then employers have weighed the pros and cons of whether to require employees to be vaccinated as a condition of employment. . On September 9, 2021, President Biden narrowed down options …
Read More »ararental.org> Location Pulse> Article
September 09, 2021 Today, President Joe Biden announced new changes to the COVID-19 Injury-Related Economic Disaster (EIDL) Loan Program, which provides long-term, low-cost loans to people affected by the pandemic of coronavirus (COVID-19). According to the White House, the changes will allow more companies to gain greater and more flexible …
Read More »The banking sector is developing despite the impact of Covid-19
By Gadiosa Lamtey Dar es Salaam. The banking sector in Tanzania continued to grow last year, with key indicators showing positive trends despite the Covid-19 epidemic disrupting economic activities across the world. As the economy of sub-Saharan Africa entered recession in 2020, Tanzania’s gross domestic product (GDP) grew by 4.8%. …
Read More »Nigeria: How far can the CBN support the e-Naira?
The central bank digital currency (CBDC) codename e-naira goes live on October 1, 2021. The umbrella bank has been researching digital currencies since 2017 to understand how Hyperledger Fabric Blockchain technology is being used in the world. In a recent stakeholder meeting hosted by its Information Technology (IT) department, CBN …
Read More »BSP has ample room for maneuver in monetary policy – Diokno – Manila Bulletin
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said they continued to have “ample monetary room for maneuver” and reiterated that the current accommodative parameters remain appropriate, but will require time for policy responses to make their way into the economy and stimulate the private sector. consumption and investment. …
Read More »ADVICE: ONE YEAR LATER: ESSENTIAL DEVELOPMENTS
Governor Gboyega Oyetola Time and moments are separate but distinct realities. They are both real, but at some point one leaves the realm of conscious reality. While time is a recurring phenomenon, moments are recorded in time. Yet he lives in the inner recesses of our minds. The important thing …
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