Lawmaker seeks investigation of ‘no-contact’ policy

A CONGRESSMAN has filed a resolution seeking to investigate the government’s use of video surveillance and digital cameras to catch traffic violators in five Metro Manila cities. Quezon City Rep. Marvin C. Rillo, who filed House Resolution 237, on Tuesday said the government’s so-called no-contact apprehension policy might be abused by law enforcers. “Our sense […]

Singapore steps up inflation fight with surprise central bank tightening

SINGAPORE — Singapore’s central bank tightened its monetary policy on Thursday, in an off-cycle move, saying the action would slow inflation as the city-state joins other economies scrambling to fight mounting price pressures. The Singapore currency jumped broadly after the news and was last up almost 0.7% to S$1.3963 per dollar, with economists expecting further […]

US envoy to China expects ‘zero COVID’ policy to persist into 2023

WASHINGTON — The United States’ ambassador to China, Nicholas Burns, said on Thursday he expects Beijing’s “zero COVID” policy to persist into early 2023, and that US businesses were reluctant to invest in the country until restrictions ease.  The re-emergence of infections in China’s capital Beijing has raised new concerns about the outlook for the […]

B20 ESC Task Force to link performance, SDG targets with policies

JAKARTA, May 27, 2022 – (ACN Newswire via SEAPRWire.com) – The B20 Energy, Sustainability, and Climate (ESC) Task Force has continued to strengthen steps to produce policy recommendations under the Indonesian G20 Presidency. Chair of the B20 Energy, Sustainability, and Climate Task Force, Nicke Widyawati, during the 4th Call Meeting of the task force in […]

BSP hikes interest rate to 2.25%

THE Monetary Board (MB) decided to raise the interest rate on the Bangko Sentral ng Pilipinas’ (BSP) overnight reverse repurchase facility by 25 basis points (bps) from two percent to 2.25 percent, effective Friday, May 20, 2022.Accordingly, the interest rates on the overnight deposit and lending facilities were raised to 1.75 percent and 2.75 percent, […]