Insurance Commission allows insurers to invest in infrastructure projects Mary Grace Padin (The Philippine Star) - February 15, 2019 - 12:00am MANILA, Philippines — The Insurance Commission (IC) is now allowing insurance firms to invest in the government’s infrastructure projects, enabling them to take part in nation building while diversifying their investment portfolio. Insurance commissioner Dennis Funa issued IC Circular Letter 2018-74, dated Dec. 28, 2018, which states that insurance and reinsurance firms may now invest in debt or equity security instruments for infrastructure projects under the Philippine Development Plan (PDP). According to Funa, the circular aims to provide a new investment channel for insurers that would allow them to improve returns and assist in the country’s economic growth at the same time. “This circular is aimed at encouraging insurers to invest in domestic infrastructure … [Read more...] about Insurance Commission allows insurers to invest in infrastructure projects
Methodology used in project
NOW IN its 16th year, L’Oreal (Thailand)’s “For Women in Science” programme recently concluded with the awarding of fellowship grants to five Thai female researchers. The programme focuses on research and development leading to the sustainable development of society and the environment, and reinforces L’Oreal Thailand’s commitment to encouraging female researchers in the field of science. This year, the programme adjusted the categories to cover Physical Sciences and Life Sciences in order to bring it in line with scientific development and international scholarship criteria and comprehensively cover more research projects. “Research has been at the very heart of L’Oreal’s business for more than 100 years and is closely aligned with the belief that advances in science and technology are key to improving quality of life around the world,” says the company’s Onanong Pratakphiriya. This year, the three awards in Life … [Read more...] about In celebration of science
WASHINGTON: Three prominent US scientists have been pushed to resign over the past 10 days after damning revelations about their methods, a sign of greater vigilance and decreasing tolerance for misconduct within the research community.The most spectacular fall concerned Jose Baselga, chief medical officer at Memorial Sloan Kettering Cancer Center in New York. He authored hundreds of articles on cancer research.Investigative journalism group ProPublica and The New York Times revealed on Sep 8 that Baselga failed to disclose in dozens of research articles that he had received millions of dollars from pharmaceutical and medical companies.Such declarations are generally required by scientific journals.Links between a doctor leading a clinical trial and manufacturers of drugs or medical equipment used in the study can influence the methodology and ultimately the results.But journals don't themselves verify the thoroughness of an author's declarations.Caught up in the scandal, Baselga … [Read more...] about Fall of top US scientists points to ethics gap in research
What was the role of the Carter Center in the Philippine Smartmatic elections? In his early days as Comelec chairman Andres Bautista came to the STAR to tell us that everything with be fine in the coming elections. With the assurance he personally invited me to open the new system they will use for the elections that was devised with the help of the Carter Center. Oh? Or maybe Huh? That was the first time I heard of the Carter Center (named after American President Jimmy Carter) and that it would make the Smartmatic-PCOs elections right. The question asked by almost everyone in the conference with STAR was, yes but can it be hacked? Bautista answered frankly he could not guarantee that. To me, this was the signal to warn us that there would be nothing new in the elections even if it was approved by the James Carter Center. He said to me, I am inviting you to be the one to cut the ribbon for the demonstration of this new system approved by the Carter … [Read more...] about What was the role of the Carter Center in the Philippine Smartmatic elections?
WASHINGTON: The 35 largest U.S. banks have all cleared the first stage of an annual stress test, showing they would be able to maintain enough capital in an extreme recession to meet regulatory requirements, the Federal Reserve said on Thursday.Although the banks, including household names like JPMorgan Chase & Co, Citigroup Inc and Bank of America Corp, would suffer US$578 billion in total losses in the Fed’s most severe scenario to date, their level of high-quality capital would be substantially higher than the threshold that regulators demand - and higher than levels seen immediately leading up to the 2007-2009 crisis, the Fed said.“Despite a tough scenario and other factors that affected this year’s test, the capital levels of the firms after the hypothetical severe global recession are higher than the actual capital levels of large banks in the years leading up to the most recent recession,” Vice Chairman Randal Quarles said in a statement.The Fed … [Read more...] about Largest US banks clear first hurdle in Fed’s toughest annual stress tests