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US hits Myanmar ministers, central bank chief with sanctions

The US Treasury slapped sanctions on 16 senior Myanmar officials and family members Monday, citing their support for the government's "violent and lethal attacks" against the country's pro-democracy movement......»»

Category: sportsSource: abscbn abscbnMay 19th, 2021

US Federal Reserve chief says stimulus to continue despite high inflation

WASHINGTON—Even as US inflation has hit the highest rate in over a decade, the central bank is sticking to its guns, and will continue to provide stimulus until the economy has fully recovered, Federal Reserve Chair Jerome Powell said Wednesday......»»

Category: sportsSource:  abscbnRelated NewsJul 15th, 2021

Feb 2021 Inflation Aimed at 4.7%

Inflation rate for February 2021 is forecast to increase between 4.3-percent and 5.1-percent, higher that the 4.2-percent inflation rate in January. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno cites 4.7-percent as the point inflation figure for February. the central bank chief said that the rate of price increases this month are due to the […].....»»

Category: sportsSource:  abscbnRelated NewsFeb 27th, 2021

Bank loans on the brink of unusual fall as growth hits 14-year low

Such is the reality on the ground hampering the central bank’s efforts to encourage banks to lend to consumers and help on reviving an ailing economy......»»

Category: financeSource:  philstarRelated NewsDec 4th, 2020

Thailand Moves a Step Closer to Welcoming Back Foreign Tourists

Thailand will start issuing special visas to foreign tourists starting October, easing a more than five-month-old ban on visitors to revive the nation’s ailing tourism-reliant economy. Prime Minister Prayuth Chan-Ocha’s cabinet approved a proposal to issue visas to tourists planning to stay between 90 and 280 days in Thailand, according to government spokeswoman Traisuree Taisaranakul. The tourists will undergo a mandatory 14-day state quarantine on arrival at partner hotels or hospitals and follow health and safety regulations, she said. The government expects about 1,200 visitors to avail themselves of these visas each month, generating about 1.2 billion baht ($38.5 million) in revenue. The easing of border restrictions may boost the nation’s pandemic-battered tourism industry and cushion the blow to an economy projected to contract 8.5% this year. The news of cabinet approval for special visas triggered a rally among hotel and travel operators in Bangkok. A measure of Thai tourism and leisure stocks jumped 4.5%, the biggest gainer among the Stock Exchange of Thailand’s 28 industry groups. It was also the index’s largest increase since May 26. While Hotel operators Erawan Group Pcl and Central Plaza Hotel Pcl surged more than 8%, Minor International Pcl advanced 5.5%. Thailand’s tourism and hospitality sectors are counting on the return of international visitors, who contributed to two-thirds of tourism income before the pandemic, to reverse the slump in businesses and save millions of jobs. A government campaign to boost travel by locals through hotel and air travel concessions has failed to make up for the slump in earnings, but the move to allow foreigners in small batches will still be a relief to the industry. “There will not be a huge economic impact from this as it still can’t compensate for the revenue lost, but it will help,” Somprawin Manprasert, chief economist at Bank of Ayudhya Pcl said. “This plan still targets a higher-spending group of foreign visitors which will not benefit tourism industry operators that have lower to mid-price points, who will still suffer.” The move to relax curbs on foreign tourists also follows Thailand’s relative success in containing the coronavirus outbreak. The nation went without a local transmission for 100 days before the virus-free run was ended early this month. Though Thailand was the first country outside China to report the deadly virus, its cumulative cases stand at 3,480 with most patients already discharged from hospitals. The reopening to foreign tourists may be risky, but it is a manageable risk worth taking, Bank of Thailand’s Senior Director Don Nakornthab wrote in an article on the central bank’s website. The country may be headed for a second straight year of contraction in 2021 if it continued to restrict foreign visitor arrivals, Don wrote......»»

Category: sportsSource:  abscbnRelated NewsSep 15th, 2020

BSP chief: PH economy in good position to weather pandemic

The sharp contraction of the economy in the second quarter of the year—the largest decline in the country’s history—is different from previous crises because the country is on better footing now, the head of the central bank said. In a statement, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said “inherent weaknesses” in the country’s […] The post BSP chief: PH economy in good position to weather pandemic appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsAug 10th, 2020

Myanmar junta chief says new elections in two years

Myanmar's junta chief said Sunday that elections would be held and a state of emergency lifted by August 2023, extending the military's initial timeline given when it deposed Aung San Suu Kyi six months ago......»»

Category: newsSource:  thestandardRelated News2 hr. 49 min. ago

Desperate search for oxygen in Myanmar as latest Covid wave hits

Desperate search for oxygen in Myanmar as latest Covid wave hits.....»»

Category: newsSource:  thestandardRelated NewsJul 15th, 2021

Monetary policy must continue to support recovery

To discharge its function in an exemplary manner, a central bank must be able to do two things well. One is to identify and describe a threat to the stability of the nation’s financial system. The other is to know the appropriate time to effect a change in policy direction......»»

Category: newsSource:  thestandardRelated NewsJul 14th, 2021

Myanmar junta hits Suu Kyi with more corruption charges

Myanmar's junta authorities have slapped more corruption charges on Aung San Suu Kyi, her lawyer said Tuesday, adding to an eclectic charge sheet that could see the Nobel laureate jailed for more than a decade......»»

Category: newsSource:  thestandardRelated NewsJul 14th, 2021

IN PHOTOS: PNP chief Eleazar’s 3-day visit to Region 7

CEBU CITY, Philippines — The chief of the Philippine National Police (PNP) visited Central Visayas and inspected various police stations in the region to ensure that his Intensive Cleanliness Policy is being imposed. In all his visits from last Sunday, July 11 until today, July 13, Police General Guillermo Eleazar gave a “Very Good” mark […] The post IN PHOTOS: PNP chief Eleazar’s 3-day visit to Region 7 appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsJul 13th, 2021

Third wave hits Central Visayas; expert blames it on mutation

The Department of Health Regional Epidemiology and Surveillance Unit (DOH RESU-7) said Monday Central Visayas was now on the third wave of the COVID-19 pandemic......»»

Category: newsSource:  thestandardRelated NewsJul 13th, 2021

ICP is more than just cleaning police stations, says chief PNP

CEBU CITY, Philippines — The Intensive Cleanliness Policy (ICP) of the Philippine National Police (PNP) is more than just about the cleaning of police stations. In a speech on Monday, July 12, 2021, at the Police Regional Office in Central Visayas (PRO-7), PNP chief Police General Guillermo Eleazar said the ICP is also about cleaning the […] The post ICP is more than just cleaning police stations, says chief PNP appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsJul 12th, 2021

BPI’s Limcaoco backs BSP digital currency

The new head of Ayala-led Bank of the Philippine Islands is pushing for the issuance of a central bank digital currency in the country......»»

Category: financeSource:  philstarRelated NewsJul 11th, 2021

2020 Census: Central Visayas hits 8M

CEBU CITY, Philippines – The population in Central Visayas has reached eight million, the latest census from the government showed. The Philippine Statistics Authority (PSA) on Wednesday, July 7, released the 2020 Census of Population and Housing (CPH) after the Office of the President issued Proclamation No. 1179 on July 6, 2021, declaring the results […] The post 2020 Census: Central Visayas hits 8M appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsJul 8th, 2021

PRO-7 chief reminds police stations to comply with Intensified Cleanliness Policy

CEBU CITY, Philippines — Police Brigadier General Ronnie Montejo, the director of the Police Regional Office in Central Visayas (PRO-7) expressed his gratitude to Mandaue City cops who have implemented the Intensified Cleanliness Policy (ICP) of the chief of the Philippine National Police (PNP) and reminded other policemen to strictly and constantly adhere to this […] The post PRO-7 chief reminds police stations to comply with Intensified Cleanliness Policy appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsJul 6th, 2021

In 5 months, LANDBANK hits over 80% of farm loans target

State-run Land Bank of the Philippines is already close to hitting this year’s target for lending to the farm sector as of May, the Department of Finance reported Friday......»»

Category: financeSource:  philstarRelated NewsJul 2nd, 2021

BSP’s COVID-19 measures unleash P2.2 trillion into system

The central bank has so far unleashed P2.2 trillion into the financial system to avert liquidity strains and prevent long-lasting scarring in the economy due to the pandemic......»»

Category: financeSource:  philstarRelated NewsJun 18th, 2021

CIDG-7 eyes more apprehensions of wanted persons

CEBU CITY, Philippines — The Criminal Investigation and Detection Group in Central Visayas (CIDG-7) is eyeing more apprehensions of most wanted and other wanted persons this month of June following the arrests of two siblings in Cebu City on Sunday, June 13, 2021. Police Colonel Ireneo Dalogdog, chief of CIDG-7, said that they will intensify […] The post CIDG-7 eyes more apprehensions of wanted persons appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsJun 14th, 2021

PRO-7 chief: More surprise visits to police stations in Cebu

CEBU CITY, Philippines — Expect clean police stations in Cebu island as the Police Regional Office in Central Visayas (PRO-7) chief plans to conduct more surprise inspections of police stations in the island. Police Brigadier General Ronnie Montejo, PRO-7 director, said that he was planning to conduct more surprise visits to ensure that police stations […] The post PRO-7 chief: More surprise visits to police stations in Cebu appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsJun 14th, 2021

PNP reviews ‘vaccine for sale’ raps

Philippine National Police chief Guillermo Eleazar has ordered a review of the charges against whistle-blower Nina Ellaine Dizon-Cabrera as he vowed sanctions against the police officers who filed them if it turns out they committed lapses in their investigation of the alleged “vaccine for sale” scheme......»»

Category: newsSource:  philstarRelated NewsJun 11th, 2021