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Waiver

The Biden administration surprised everyone by joining the call for a waiver of patents for COVID-19 vaccines......»»

Category: newsSource: philstar philstarMay 7th, 2021

Health advocates alarmed over PH silence on TRIPS waiver on vaccines

Health experts and lawmakers are alarmed over the Philippine government's deafening silence on moves of several countries to press for the waiver of TRIPS on medicines, particularly on COVID-19 vaccines. The post Health advocates alarmed over PH silence on TRIPS waiver on vaccines appeared first on Bulatlat......»»

Category: newsSource:  bulatlatRelated NewsJun 6th, 2021

EU, UK raise doubts about COVID weapons patent waiver

The EU, Britain, and Japan continued to voice doubts at the WTO on Monday about a proposed intellectual property waiver on COVID-19 products such as vaccines, a Geneva trade official said......»»

Category: newsSource:  thestandardRelated NewsJun 1st, 2021

Waiver

The Biden administration surprised everyone by joining the call for a waiver of patents for COVID-19 vaccines......»»

Category: newsSource:  philstarRelated NewsMay 7th, 2021

U.S. backs global waiver on vaccine patents

This is a global health crisis, and the extraordinary circumstances of the Covid-19 pandemic call for extraordinary measures. The post U.S. backs global waiver on vaccine patents appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsMay 6th, 2021

PCCI seeks waiver of license fees, wage subsidies during pandemic

The country’s largest business organization wants government to consider waiving the renewal of existing permits and licenses, providing wage subsidies, and improving the vaccine rollout to start recovery and enable job creation......»»

Category: financeSource:  philstarRelated NewsApr 25th, 2021

Bulacan LGU sinisilip ng DILG sa ‘waiver ayuda’

SAN JOSE DEL MONTE CITY, Bulacan – Iniimbestigahan ng Department of Interior and Local Government (DILG) ang pamahalaang lungsod ng San Jose del Monte City sa Bulacan matapos umani ng samu’t saring reklamo ang pagpapapirma nito ng waiver sa mga residenteng tumanggap ng cash aid. Sa siyudad, pinapapirma ang tumanggap ng ayuda sa waiver na […] The post Bulacan LGU sinisilip ng DILG sa ‘waiver ayuda’ appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsApr 17th, 2021

Landbank waives transfer fees until June 30

State-run Land Bank of the Philippines is extending again the waiver of fees for online fund transfers of retail clients until June 30 to support the use of digital banking solutions amid the spike in COVID-19 cases......»»

Category: financeSource:  philstarRelated NewsApr 3rd, 2021

PNB, Metrobank extend waiver of InstaPay and PesoNet fees

Philippine National Bank said Tuesday it extending the waiver for InstaPay and PesoNet fund transfer fees until March 31, 2021 to encourage more customers to use digital banking channels......»»

Category: financeSource:  thestandardRelated NewsDec 29th, 2020

COVID-19’s impact on banks manageable – BSP report

The banking system remains on “solid footing” in terms of assets, loans, deposits, profitability, capital and liquidity buffers despite the COVID-19 health crisis, a report from the Bangko Sentral ng Pilipinas (BSP) said.  “The impact of the pandemic on the overall condition and performance of the banking system, which remains the core of the domestic financial system, has been manageable,” according to the BSP’s second semester report on the Philippine financial system. The total assets of the banking system account for 81.9 percent of the financial system’s total resources. MB file photo. The banks remained resilient during the worst of the lockdown period because of the “timely, time-bound and crucial” regulatory relief measures that BSP granted to them during the most severe quarantine months of March until June. These relief measures “helped address the adverse repercussions of the pandemic.” One of these reprieves was the suspension of the submission of some bank reports while most of the country was on enhanced community quarantine (ECQ) restrictions. Banks have had to adjust operations and deal with the slowdown in economic activities that affected their borrowers’ capacity to pay. Based on a set of financial soundness indicators (FSI) to assess banks’ health and soundness, it noted that the banking system is “stable and resilient despite global uncertainties related to the extent and path of COVID-19 menace.”  But, the BSP said that the FSI analysis also implies that “consequent risks from lending should be monitored especially in the event of excessive uncertainties that could place additional pressures on the banking system in the short and medium run.” As of the report timeline, banks surveyed have yet to determine the total impact of the grace periods under the Bayanihan law but generally, based on the BSP’s comprehensive baseline survey conducted in April, banks have proactive control measures that will ensure the continued delivery of financial services to the general public and also to protect their personnel, said the BSP. Banks’ business continuity plans, and previous efforts at digitalization, also helped them to respond quickly to conditions brought about by the ECQ. Despite the economy in recession due to the pandemic, the banking system’s total assets reached P18.6 trillion as of end-June, 98.8 percent of the GDP. The end-June tally was 7.9 percent higher year-on-year but was slower than the 9.8 percent growth recorded in June 2019 and the 8.4 percent growth as of end-December 2019. Assets continue to grow because of the expansion of funds that went to lending activities while funding came from deposits, bond issuances and capital infusion. In the meantime, the report said banks’ profitability or net income fell by 22.5 percent to P86.5 billion as of end-June 2020 because of higher provisioning requirements. This was a reversal of the 27.7 percent growth in earnings same time in 2019.  “Provisions on credit losses for loans and financial assets significantly increased, weighing heavily on bank profitability. Other income sources are expected to slow down due to lower volume of transactions, waiver of inter-branch and interbank fees as well as the temporary grace period moratorium on the imposition of bank fees, penalties and charges under the Bayanihan Act,” said the BSP. Based on the BSP survey, banks have measures to cushion the adverse impact of the pandemic on profitability such as banks’ plans to impose cost-cutting measures that includes deferred capital spending and freeze hiring of non-critical positions. The BSP said banks have also intensified loan collection activities and its loan monitoring. They have also become more prudent in loan releases, reduced the cost of funds and at the same time boosted marketing campaigns for new loans and deposits.  “Across banking groups, (the big banks) also intend to reduce their exposures to vulnerable sectors and to increase ancillary or fee-based business while thrift banks and rural/cooperative banks plan to fast track digitization initiatives to reduce operating expenses,” said the BSP......»»

Category: newsSource:  mb.com.phRelated NewsNov 8th, 2020

DFP employees turn the table, file graft raps vs Belgica

Presidential Anti-Corruption Commission (PACC) Commissioner Greco Belgica has been slapped with a complaint for graft and several administrative charges before the Office of the Ombudsman by nine employees of Duty Free Philippines (DFP). Presidential Anti-Corruption Commission (PACC) Commissioner Greco Belgica Alexander Sablan, Ernesto Mangalindan, Romeo Silva Jr., Eric Oracion, Rizalino Santos, Nilo Duarte, Joaquin Vibal, Francis Daco, and Carlito Ardales want Belgica to be held liable for violations of  Section 3(b), (e), (f), and (k) of R.A. 3019 or the Anti-Graft and Corrupt Practices Act, Grave Misconduct, Conduct Prejudicial to the Service, and Gross Inexcusable Negligence. The DFP employees said they were “very frustrated and disappointed” in Belgica for taking on their case of “smuggling” against DFPC Chief Operating Officer (COO) Vicente Pelagio Angala. They said in the complaint that they sought Belgica’s help after listening to his program with DZRH called “Ireklamo Mo Kay Greco.” They then went to his house in San Miguel Avenue near Malacañang and sought help regarding allegations of anomalies and corruption within DFP. He listened to their concerns and introduced his father, Gregor Belgica, and his lawyer sibling, Atty. Jeremia Belgica. The Belgica clan assured the DFP employees that they have their support, and they said they were lucky because they do not have to pay for any legal fees. However, when they filed the plunder complaint before the Ombudsman on March 16, 2017, with the help of the firm of Belgica’s brother – Belgica Aranas ALim Dela Cruz and Association – they had to pay P1,000 per page or a total of P130,000. Things went downhill when Belgica contacted Angala and set up a meeting with them. During the meeting, they were made to sign a “waiver” which they did not get to read and they were also kept in the dark. In the end, Belgica made recommendations to President Duterte against officials of DFP. However, they said the recommendations did not really include the names of those involved, but just mentioned that charges be filed against “public officials.” The money which they used to pay the Ombudsman was also returned. “Ginamit niya ang aming kaso para magkaroon ng koneksyon sa mga malalaking negosyante sa Duty Free upang gamitin niya sa kanyang pansariling interest. (He used our case to connect with big business owners in Duty Free so that he could use it for his own personal gain),” the complaint read. Contacted by the Manila Bulletin for his side, Belgica said he is ready to defend himself and provide answers “anywhere and anytime.” He added that the complaint that he asked for money is a “fabricated story,” and he said that he had been very generous to the DFP employees. The fact that the group has besmirched his reputation, Belgica said he is going to file counter-charges and “pray hard that they all go to jail.” Belgica likewise made some accusations of his own: “This group is being sponsored by the same people who also filed a case against me on the entrapment operations and anti-corruption initiatives that we have been doing. This group has been trying to rally more people to fabricate cases and allegations in order to undermine the anti-corruption initiatives of the administration.”.....»»

Category: newsSource:  mb.com.phRelated NewsOct 22nd, 2020

Morales, 13 iba pang opisyal ng PhilHealth lumagda sa 13 bank secrecy waivers

Lumagda sa waiver para sa sa bank secrecy ang labingapat na mga opisyal ng Philippine Health Insurance Corp. (PhilHealth). Kabilang sa lumagda si PhilHealth president at CEO Ricardo Morales para hayaan ang imbestigasyon sa kanilang bank deposits at mga transaksyon. Kinumpirma ito ni Anakalusugan Partylist Rep. Mike Defensor, chairperson ng House committee on public accounts. […] The post Morales, 13 iba pang opisyal ng PhilHealth lumagda sa 13 bank secrecy waivers appeared first on Bandera......»»

Category: newsSource:  inquirerRelated NewsAug 17th, 2020

WNBA MVP Delle Donne says league denied her medical waiver

WNBA MVP Delle Donne says league denied her medical waiver.....»»

Category: sportsSource:  abscbnRelated NewsJul 14th, 2020

More banks extend waiver of fund transfer fees

More banks are extending the free real-time and batch fund transfers until the end of the year in line with the digitalization push of the Bangko Sentral ng Pilipinas as the economy recovers from the impact of the coronavirus disease 2019 or COVID-19 pandemic......»»

Category: financeSource:  philstarRelated NewsJul 11th, 2020

PSC vows full support to Team PHI all the way to Tokyo Olympics

Aspiring and Olympic-bound athletes will continue to receive support from the Philippine Sports Commission despite the agency’s belt-tightening measures brought about by the coronavirus (COVID-19) pandemic. The Philippines already has four qualifiers for the 2020 Tokyo Olympics, which has been pushed back to next year, in pole vaulter Ernest John Obiena, male artistic gymnast Carlos Edriel Yulo, national boxers Eumir Felix Marcial and Irish Magno before the lockdown. The PSC board has assured that the agency will support them for as long as they can, explaining that the investment of both the government and the athletes into their Olympic dream cannot be set aside just that easily. This the PSC assures the athletes despite around P1.3 billion of its funds redirected back to the Department of Budget and Management (DBM) to fund the country’s COVID-19 fight. By virtue of Republic Act 11469 or the Bayanihan to Heal as One Act, P596 million, and P773 million were realigned by the DBM from the sports agency’s National Sports Development Fund and the fund from the General Appropriations Act (GAA), respectively. Even with this unexpected development, the PSC will keep true to its promise to support the Filipino athletes Olympic bid. In fact, PSC Chairman William Ramirez is hoping to send more athletes to represent the country in the prestigious multi-sport event. “We will not waiver in our quest to fulfill the country’s Olympic dream and we are very hopeful that more athletes will be able to qualify once the situation gets better,” shared Ramirez. The sports agency is banking its hopes on 2016 Rio Olympics silver medalist Hidilyn Diaz of weightlifting, four-time SEA Games champion Kiyomi Watanabe of judo, 2019 SEAG double-gold medal winner Margielyn Didal of skateboarding, multi-titled jin Pauline Lopez of taekwondo, and Junna Tsukii of karatedo among others. The budget cut has forced the sports agency to take belt-tightening measures in recent weeks, to be able to cover all commitments. “It’s a tough situation but we understand the priorities of the national government. We will do what we can to continue the support we give to our athletes especially those vying for an Olympic slot,” added Ramirez. Aside from financial support, the PSC also continues to provide online sports psychology consultations, virtual training sessions, nutrition, physiology, and conditioning webinars to athletes and coaches through PSC’s Medical Scientific Athletic Services (MSAS) and the Philippine Sports Institute (PSI)......»»

Category: sportsSource:  abscbnRelated NewsJun 18th, 2020