Sunday, September 20, 2020

Japan Honors Ex-BSP Governor Tetangco

Japan Honors Ex-BSP Governor Tetangco


Alibaba Cloud Launches New Digital Ecosystem Strategy In The Philippines

This will help local businesses adapt further to the new normal!

EDC Donates PCR Machines To Enhance Negros Oriental’s COVID-19 Resiliency

Energy Development Corporation donates equipment worth P8.5-million to Negros Oriental.

CeMAP, PISI Express Full Support For Bayanihan To Recover As One Act

The Cement Manufacturers Association of the Philippines and Philippine Iron and Steel Institute announce full support to the recently signed Bayanihan to Recover as One Act.

Globe Gives Back To Loyal Customers With 0917 National G Day Festivities

With lots of games and surprises for loyal Globe users, catch the National G Day starting September 17!

The Japanese Embassy in Manila announced the conferment of The Order of the Rising Sun, Gold and Silver Star, on former Bangko Sentral ng Pilipinas Governor Amando Tetangco Jr., for his contributions in bolstering the ties between Japan and the Philippines in the financial sector.

Japan recognized Tetangco’s role in drafting a law amendment to allow more foreign banks to operate in the Philippines and in “strongly” persuading Congress on the need for the liberalization of entry of foreign banks.

“As a result, the law was enacted in 2014, allowing further participation of Japanese banks, and thereby improving the environment for Japanese companies to operate and expand their businesses in the Philippines,” the Japanese Embassy in Manila said.

It also recognized Tetangco for promoting both regional and bilateral financial cooperation led by Japan in order to overcome the global financial crisis that occurred in 2008.

He participated in the Association of Southeast Asian Nations (ASEAN)+3 Finance Ministers’ and Central Bank Governors’ Meetings starting in 2012, and promoted the Asian Bond Markets Initiative and the establishment of the Asean+3 Macroeconomic Research Office.

In 2014, he also supported the creation of the “Joint Working Group on Bilateral Financial Cooperation between Japan and the Philippines” to further deepen the economic relations of the two countries.

In the same year, the Embassy said he made huge efforts to expand the bilateral currency swap between Japan and the Philippines.

“As a result, the exchange limit for the Philippine peso to the US dollar was doubled, ensuring further stability of financial markets in Asia,” it noted.

“The Government of Japan extends its sincerest congratulations to Mr. Tetangco, and hopes that he will continue to take an active role in further strengthening the close relations between our two nations,” it said. (Japan Embassy PR)

Latest News

Epson Launches New High-Speed Inkjet Copiers For Busy Work Environments

Check out the newest sustainable devices of Epson!

Sec. Tugade Suspends 0.75-Meter Physical Distancing

Tugade suspends the implementation of the reduced 0.75-meter physical distancing among passengers while waiting for the decision of PRRD on the matter.

TransUnion Tackles Online Credit Application Dropouts And Rising Fraud

The new Seamless Onboarding service will help financial services industry offer digital access to products for consumers during pandemic and beyond.

33K Eastern Samar Families Left Out Of SAP To Get Cash Aid

Around 33,000 families in Eastern Samar excluded from the national government's Social Amelioration Program will receive PHP2,000 cash assistance from the provincial government.

Palace On PH Internet Connectivity: ‘We Will Do Better’

Do you think that the internet connection in the Philippines will ever improve?

San Juan Puts Up Bike, Motorcycle Dedicated Lanes

San Juan City dedicates motorcycle and bicycle lanes along Ortigas Avenue. Have you seen it yet?

XTREME Appliances Reveals Exciting Plans For Filipino Consumers

XTREME Appliances announces its upcoming plans and efforts dedicated to the Filipino customers.

Manila Hospitals Get High-Flow Oxygen Devices

The high-flow oxygen therapy will benefit the Ospital ng Sampaloc patients with severe COVID-19 infection and who may have acute respiratory failure.

PH COVID-19 Cases Rise By 3,375; Recoveries Now 208K

DOH reports 3,375 new infections of COVID-19, raising the country’s overall tally to 276,289 with only 63,408 active cases on Thursday.