Banks see stricter credit rules in Q4

The country's banks expect stricter credit rules on loans to businesses and individual debtors inside the fourth zone, consistent with the Bangko Sentral ng Pilipinas (BSP).


Results of the Third Quarter 2020 Senior Bank Loan Officers' Survey indicated a internet tightening of usual credit standards for loans to firms and households for October to December the use of the diffusion index (DI) approach.

Lara Romina Ganapin, appearing deputy director of rthe crucial financial institution's Department of Economic Research, said in a briefing on Thursday that the anticipated tighter standards have been "on the lower back of a greater uncertain monetary outlook, along with [the] anticipated deterioration in the borrowers' profiles and profitability of banks' portfolio, such as banks' decrease tolerance for chance."
In phrases of mortgage call for, results based at the DI technique cautioned expectancies of a internet growth in overall call for for commercial enterprise loans. These are associated largely with corporate customers' higher working capital requirements, an increase in client stock financing needs, a decline in clients' internally generated funds, and shortage of different sources of funds.

DI-based effects for loans extended to households, meanwhile, confirmed expectations of a internet decline in common call for, which include housing, car and private/earnings loans.
"The anticipated net decrease in call for for housing, automobile and personal/profits loans was attributed by respondent banks in large part to decrease family intake and housing funding," the survey stated.

Third-region results
In the 0.33 sector, lenders tightened their credit guidelines on loans prolonged to groups and person debtors, which they attributed to, amongst other factors, firms' much less favorable financial outlook, deterioration within the profitability of banks' portfolio and profiles of debtors, and decreased tolerance for risk.

These identical elements, they said, additionally contributed to the overall tightening of credit standards for loans to households.


Bangko Sentral Governor Benjamin Diokno said the ongoing reopening of the financial system have to incrementally raise loan demand in the next quarters as the capital necessities of agencies growth in anticipation of the financial system's recuperation.

"The current easing [of lockdown] measures [imposed] for the reason that March and healing of financial pastime would allow [the] more effective transmission of monetary policy to the wider economic system," he stated.

According to him, imperative bank is assured in the soundness and resilience of the banking quarter, as capital adequacy ratios have stayed above the prescribed requirements.

Digital shift could be permanent

With the Philippines final underneath varying ranges of quarantine because of the coronavirus disorder 2019 (Covid-19), a new Economist Intelligence Unit have a look at for TransUnion finds agencies' shift to virtual could be permanent.


"Covid-19 has dramatically elevated digital transformation, with seventy eight percent of Philippine executives surveyed as part of our take a look at saying their employer has changed their digital transaction method because of the pandemic," said Pia Arellano, TransUnion Philippines president and chief govt officer. "But all of this virtual development could be worn out if we can't do away with these limitations to building bilateral virtual agree with. For instance, 70 percentage of Philippine executives inside the examine who said their business enterprise changed their virtual transaction system as a result of the pandemic skilled system defects."

In addition to the above findings, nearly eighty four percentage of Philippine and 85 percent of global executives surveyed said they consider smooth transactions are "important to commercial enterprise survival" as opposed to simply a aggressive facet during and after the pandemic.

The report, New Dimensions of Change: Building Trust in a Digital Consumer Landscape, covered responses from 1,610 executives in Brazil, Canada, Chile, China, Colombia, the Dominican Republic, Hong Kong, India, the Philippines, South Africa, United Kingdom and United States, which includes one hundred fifteen Philippine executives. The studies exposed how technologies like artificial intelligence (AI), countrywide digital IDs and super-apps may want to assist triumph over hurdles and probable create new demanding situations to constructing virtual consider.
New technologies against fraud

Overwhelmingly, respondents spoke back that biometrics will be the dominant fee patron authentication method; stepped forward fraud detection and protection is the best gain to the usage of AI; and a national virtual ID machine would assist save you consumer fraud.

Approximately ninety two percentage of Philippine and eighty five percent of world executives say biometrics is in all likelihood to be used to authenticate the great majority of bills in the next 10 years.

About 46 percent of Philippine and 43 percentage of global respondents noted that advanced fraud detection and safety is the finest advantage to the usage of AI. This become the pinnacle choice via a long way with smoother purchaser enjoy being the second one maximum used answer globally at 29 percent global and 23 percent in the Philippines.


Furthermore, the big majority of executives, 84 percentage within the Philippines and 79 percentage globally, suppose national virtual IDs would help fraud prevention in customer transactions.

Seven in 10 executives globally and 77 percentage within the Philippines believe a country wide digital ID gives low-earnings organizations access to customer services they might have formerly been excluded from. By industry international, respondents from purchaser lending and telecommunications assume such IDs supply lower-income organizations get entry to to services they could otherwise lack. Both industries have led the manner over the last decade in accomplishing the community of financially underserved customers, manifested in improvements like microfinance and cell money. The Philippine Statistics Authority stated it would begin registering Filipinos for the Philippine countrywide virtual ID, "Phil ID," in the fourth region of 2020.

"Ensuring consumer consider starts with stopping fraud. Our research overwhelmingly confirmed that biometrics, AI and countrywide digital IDs aren't only a fad for patron fraud prevention. They are keys for trusted trade for the foreseeable future," stated Arellano.

Entrusting personal facts

About eighty two percent of Philippine and seventy three percent of global executives believe purchasers are comfy sharing personal data with non-public groups. Nearly seventy one percentage of global and seventy nine percentage of Philippine executives accept as true with consumers are comfy sharing non-public facts with governments. Brazilian, Chinese and Dominican Republican executives have massively differing perspectives about whether or not or now not purchasers are inclined to percentage statistics with non-public companies versus authorities our bodies (more than 10 percentage difference in each usa among sharing with governments and organizations). Chinese respondents consider customers are a good deal extra relaxed sharing non-public records with government our bodies than corporations, while Brazilian and Dominican Republican executives have the alternative belief.

"Technological improvements like AI, biometrics and country wide digital IDs paired with confirmed fraud prevention methods like tool intelligence may want to offer a greater convenient and inclusive way for consumers to transact that also protects protection and privateness," Arellano concluded.

Inflation change unlikely in Oct

The Bangko Sentral ng Pilipinas (BSP) stated on Friday that the u . S . A .'s headline inflation probably remained regular at 2.Three percentage on higher power, oil and meals expenses.

In a declaration, BSP Governor Benjamin Diokno said October's factor inflation estimate became nevertheless within the 1.Nine-to-2.7-percent forecast range of the crucial bank's Department of Economic Research.


The projection matched the 2.Three-percent purchaser price increase in September, however turned into faster than the zero.Eight-percent in October 2019.

The Philippine Statistics Authority (PSA) will release reliable October inflation data on November 5.
"Higher strength quotes in Meralco (Manila Electric Co.)-serviced regions, increases in LPG (liquefied petroleum fuel) and kerosene charges, and the effect of weather disturbances on selected food objects contributed to upward charge pressures for the month," Diokno said.

Meralco raised its consistent with kilowatt-hour (kWh) price for households consuming 200 kWh month-to-month through P0.1212 this month, even as oil organizations expanded LPG costs through P1 — approximately P11 according to 11-kg cylinder — on October 1.

"These might be partially offset by way of decrease expenses for gas, diesel and rice, in addition to downward modifications within the water charges of Manila Water- and Maynilad-serviced areas," Diokno said.


Local oil companies decreased the rate of diesel by using 25 centavos per liter on Tuesday.

Latest PSA facts display that rice costs declined inside the first week of October, with the average retail rate of everyday milled rice dropping to P37.04 according to kilogram from P37.25 in line with kilogram the week before.

Earlier, Manila Water Co. Inc. And Maynilad Water Services Inc. Introduced decrease water costs for the fourth sector.

"Looking in advance, the BSP will stay watchful of financial and monetary traits to ensure that its number one mandate of rate stability conducive to balanced and sustainable monetary increase is accomplished," Diokno said.

The forecast comes a day after the crucial bank leader said at a briefing that the present day baseline projections indicated that patron charge increase become possibly to remain in the 2-to-four-percentage goal variety of the Bangko Sentral over the policy horizon.

Earlier, the BSP trimmed its inflation projection from 2.6 percentage to 2.3 percentage for 2020, from three percentage to 2.Eight percentage for 2021, and from 3.1 percent to three.0 percent in 2022.

"The ordinary stability of dangers to the BSP's inflation outlook also remains tilted to the drawback for 2020 through 2022, as uncertainty surrounding the pandemic keeps to dampen call for and potentialities for a strong and immediate recovery," Diokno stated.

These dangers to inflation and output underscore the need for endured coverage guide, he introduced.

Digital apps empower women against gender discrimination, rape, violence

In their endless fight for his or her simple gender rights and equality, women at the moment are turning to digital era and social media as equipment of engagement against predators, exploiters and nuisance of all stripes and political colour.

The Philippine Commission on Women and the Technological Institute of the Philippines-Quezon City has launched VAWfreePH, a non-public protection cellular app that reviews incidents of violence towards girls (VAW) to the right government.


Launched all through the 2017 18-Day Campaign To End VAW Kick-Off program, the cell app may want to ship SMS to 3 pre-decided on contacts alerting them of the user's genuine area using GPS. When tapped, its SOS button triggers the cellular phone's flashlight and sounds an alarm to draw public interest.

In Australia, Plan International gave young ladies an app via which they mapped sexual harassment hotspots in their towns. Three-quarters of those hotspots had been described as terrible in phrases of the likelihood of experiencing avenue harassment.
The crowdsourced mapping tool allowed Plan International to collect information that become no longer mentioned in crime records and included the lived revel in of harassed younger girls in Australia. Its development became brought on via the need to cope with ladies's protection in public as more human beings move to towns from rural regions. It is projected that tens of millions of younger ladies would be dwelling in towns by 2030 and this kind of mapping app could act as preliminary protection towards the danger of sexual predation.

On its internet site, the United Nations Educational, Scientific and Cultural Organization has a gallery of apps created through girls for ladies. These apps goal diverse issues affecting women and women round the arena, which includes their empowerment, security, and intercourse training.

For example, rAInbow facilitates victims of home violence to overcome obstacles inclusive of shame, stigma, and sufferer-blaming that could in any other case take years to reconcile. The chatbot is basically an records tool — a associate to folks who couldn't communicate to anybody about what they're going via. It offers early stage intervention for folks who can be experiencing abuse, or what to do if they're. It is accessible to every body 24/7 on Facebook Messenger and available in English.

Another app My Safetipin works in the direction of making cities and spaces safer for ladies and women to transport around with out fear. It collects and crowdsources statistics about belief of safety as well as unique features of the constructed environment with the intention to enhance protection precautions. Many ladies have used the app to percentage their personal reviews in addition to help them navigate their city with extra self belief.


This time of Covid-19 instigated lockdown restrictions and live at home measures has left greater girls at a higher hazard of home violence. With help from the UN Development Program, a cell app named Be Safe has been created for the Western Balkans vicinity to offer SOS to sufferers of violence at domestic.

The loose app triggers an alarm thru text message to a expert aid body of workers this is anticipated to immediately attain out and check how to cope with the said scenario. It also has educational and informative content: at the sufferers' rights and entitlements; useful contacts; and video self-protection tutorials, amongst others.

A preliminary studies study titled "Mobile packages addressing violence towards ladies: a systematic evaluate" sought to evaluate the effect of apps in preventing harassment on ladies.

The evaluate is premised on the framework that VAW is a global fitness trouble presently being addressed by means of a brand new intervention method in cellular apps.

Of the 327 applicable apps around the sector, 171 had been shortlisted for the look at based on 5 predominant useful classes which include emergency aspect, avoidance, education, reporting and evidence building, and supporting apps.

The review concluded that majority of the apps addressing violence in opposition to ladies frequently attracts on one-time emergency or avoidance answers, as opposed to extra preventative techniques. It proposed further research to delve into critical issues regarding facts protection, private protection and efficacy of such cellular apps as fitness intervention tools.

The feeling of constant terror was gone

We asked readers and readers to submit their abortion stories. We wanted to show the spectrum of experience, take abortion out of the taboo realm, and give space to people who were often silenced for fear of stigma.

For some, abortion was a dramatic decision; for others, the worst was an unwanted pregnancy. Some women terminated their pregnancies in the safe conditions of a foreign clinic or at home, others in the Polish underground. Plus, the problem is still in monetary terms.In connection with the quarantine, the question of work is acute,and many move to the online sphere, knowing that you can earn additional income, as deltamarket.net reviews does  many professions in connection with the pandemic were called into question therefore, delving into the it sphere, you can quickly and easily understand the principle of operation.

Today we publish several completely different stories about women who have decided to terminate a pregnancy. They tell me m.in. about what an unwanted pregnancy was for them, why they decided to terminate it and what they think about their decision today.

Renata: my husband, a Catholic fundamentalist, oddly enough agreed
My abortion took place 35 years ago, at a time when the so-called "abortion compromise" did not yet exist, and it could be done legally. I was then 21 years old and a 3-month-old girl.
The first pregnancy was unsuccessful. Now I don't know why I didn't protect myself from the other.

I was horrified to discover that I was pregnant. I had a rapist husband who I divorced 5 years later.

I had no hesitation-abortion, there is no other way out. No apartment, no help, no job, no money, and a mean husband. He was an insanely religious Catholic fundamentalist, but oddly enough, he agreed after a short resistance. Probably happy with this decision.

I had an abortion in a hospital in Poznan on Polevaya Street. Quickly, without much emotion. I felt relieved and happy. I never regretted it. A few years later, I had another baby girl. Then, until the end of my fertility, I had an IUD.

I recently told my daughters about my abortion, of course. The second husband also knows. But no one else, I'm afraid of the assessment of Catholics. I saw the horror that came over Natalie Visitor when she told me about her abortion.

I don't know anyone else who would confess. I never had any injury, as they sometimes say. I think that over time, abortion will be in demand. To.

Sandra: I wouldn't love that child

I had an abortion about 2 years ago when I was 25. I got pregnant by my boyfriend during a trip with friends. Too much booze, we didn't provide for ourselves properly. I learned about the pregnancy at 8. week.

The two dashes on the test were like a bolt from the blue. I got hysterical, couldn't catch my breath, cried and screamed. The guy tried to calm me down, comfort me, but it didn't help.

We were together for 4 years, lived in a rented apartment, I had problems at work, he barely found her, we were planning a wedding. I didn't see a place for a child in our world, certainly not then. i didn't feel ready either psychologically or financially. i was terrified.

I immediately began to find out what are the possibilities of termination of pregnancy. From completely "home" (such as herbs that cause miscarriage), which, however, are ineffective and dangerous, up to pharmacological ones.

I ended up on the Women on Web site, which helps people in my situation. I filled out a questionnaire, collected money, and exchanged a few letters to find out more. I was about 10. the week the pills came in. I read the instructions, talked to the guy. I explained to him the reasons for my decision. He supported me, but it was my decision, only mine.

The procedure went without complications, a few hours, and everything was over, the contractions stopped. I felt free. For the first time since the day I found out about the pregnancy, I slept all night, didn't cry, wasn't afraid. The feeling of constant terror was gone.

To be sure, I did a pregnancy test, and it came out negative. It was the best news of recent weeks. I was very happy.

Looking back, I know I don't regret it. it was the best decision i could have made at the time, and i'm glad i did. i am very grateful that in poland there are foundations like women on web, abortion without borders or abortion dream team. As long as the law in our country is what it is, they are very necessary.

I know that if i had been forced to give birth, i would not have loved this child. i would blame them for buried plans and dreams. I think I did the right thing. not only for yourself and your relationships, but also for the fetus that would become an unloved, rejected child.

I think that maybe one day I will decide to have a baby. Although I still hesitate whether I should bring someone into this sick world. Perhaps my fiance and I will consider adoption.

Ula: In case the pills don't come, I already had a line
Raising and developing children has been my hobby since I graduated from elementary school. i read books, blogs and news about montessori ,nvc [ed. the method of nonviolent communication] and parental intimacy. I took care of my friends ' children and volunteered. However, or perhaps it is the approach to the topic from the side of facts, it does not mythologize the fruit. I had an abortion without remorse.

I was stuck in a violent relationship at the time, I was a little ahead of the graduates. i had a late period, my boobs grew, and after 2 weeks of waiting for my period, i threw up. fortunately, my mother, who was raised in a catholic ideology and believes in nonsense like "you screwed up, you'll suffer the consequences", did not notice anything.

The next morning I did a test, and even then I knew that the baby would not be there. I didn't even dream about it in such conditions. I still feel joy when I remember the moment when I found help on the Internet. In case the pills didn't come, I chose a hidden spot in the park and in the hardware store.

Yes, I was thinking about suicide. The only thing I saw in the future then was the shadow of patus that I would have to deal with over parental rights and my mother's spiteful comments: Why did you get involved with a child with a jerk?

Fortunately, I always kept a couple of hundred " on loan." I don't remember when the pills came-a week or two later, but I was in my ninth week. I took Mifepristone right away. The next day, misoprostol. The massacre began.

Then I went to the guy who knew everything. When the contractions started, I thought I was going to pass out. I spent the next few hours in bed. I threw up and had a rash on my face. The pills didn't help much with the pain, but I survived.

After someone went to the toilet, the fetus fell out. The pain then went away completely. After 2 hours, I think the placenta fell out. I got home just before midnight, and I had a period of 2 weeks.