‘am your dude around Metro, hoping to fill you in on what’s the latest all issues unraveling.
And since it’s my maiden piece, let’s not dwell on the negative developments. Not, too, good feng shui to start. Let’s first dwell, instead, on the positive side.
One pleasant news circulating around town, which is a nice story to tell is the decision of the Bangko Sentral ng Pilipinas (BSP) policy-making body, the Monetary Board, granting Rizal Commercial Banking Corporation (RCBC) to be among the distribution-arm of the government’s social amelioration program (SAP).
Recall the lengthy and widening road scene for the SAP recipients, even violating the “social distancing” protocol, not to mention the long hours both the beneficiaries and Land Bank of the Philippines staff have to endure to dish-out the money.
This BSP approval is news worthy to share simply because it would address the prevailing long and widening queue of SAP beneficiaries not only here in the Metro, including in the areas where RCBC has presence.
It’s another feather in the cap of RCBC, considered to be the first private financial institution allowed to assist the government, particularly the Department of Social Welfare and Development, to accept deposits and help distribute the emergency cash aid using its digital platforms. As a rule of thumb, private financial institution like RCBC must first be accredited by the BSP before it can handle any government money.
It’s a win-win situation because it removes the mounting pressure on Land Bank
Meanwhile, bringing you up to speed on the developments of the ABS-CBN closure, Management Association of the Philippines (MAP) president Francis Lim joined the rest requesting the legislators to act expeditiously on the TV channel’s franchise renewal.
“We in the MAP had fervently hoped that this day would never come as we, together with other business organizations, strongly urged Congress to consider in a timely and judicious manner the renewal of ABS-CBN’s broadcasting franchise.”
This former PSE president has always been a staunch supporter of press freedom. Monday’s untimely closure was “a sad day for media freedom and the thousands of people and their families who will be adversely affected by the closure of ABS-CBN. We reiterate in the strongest possible terms our plea for Congress to act swiftly, especially at this time when we all must act as one nation for the sake of our country.”
‘will fill you in on what’s happening around the Metro next week. Two crucial issues at stake here: the legislative discussions on ABS-CBN franchise renewal; and the possible lifting of the ECQ or shift to GCQ.
This is all for now.
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