Major Philippine banks are still hoping that a cut in reserve requirement ratios, currently at 18 percent, will be decided keeping with the current condition of local and global financial markets. In March and June last year, the Bangko Sentral ng Pilipinas (BSP) allowed banks to bring down reserve ratios twice, from 20 percent to the current 18 percent by 100 basis points each, to free up about P200 billion for increased lending and bank investments. It was supposed to start a gradual easing in recognition of a slowdown in the entry of foreign investment funds to the country and the recovery of the US market and other major world economies. However, an escalation of inflation resulting from manipulated rice and food shortages in the local economy, with commodity prices rising by an average of 4.3 percent in the first half of 2018, led the BSP to temporarily hold back further reserve ratio reductions. Instead, the BSP continued with increasing its interest rates throughout the year in … [Read more...] about Time to bring down bank reserve ratios?
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The cellphones known as 5G, or fifth generation, represent the vanguard of a wireless era rich in interconnected cars, factories and cities. Whichever nation dominates the new technology will gain a competitive edge for much of this century, according to many analysts. But a television network a few blocks from the White House has been stirring concerns about a hidden flaw. “Just a small one,” a TV reporter told her viewers recently. “It might kill you.” The Russian network RT America aired the segment, titled “A Dangerous ‘Experiment on Humanity,’” in covering what its guest experts call 5G’s dire health threats. US intelligence agencies identified the network as a principal meddler in the 2016 presidential election. Now, it is linking 5G signals to brain cancer, infertility, autism, heart tumors and Alzheimer’s disease — claims that lack scientific support. Yet even as RT America, the cat’s-paw of Russia’s … [Read more...] about News Russian network links 5G to health risks
Dyson Ltd.’s electric car may have a long wheel base, an interior cabin with reclining seats and an aerodynamic design, according to patents awarded to the company. The patents, filed about 18 months ago and made public Wednesday, are the first glimpse of the car being built by the U.K.-based company known for pricey vacuums, hair dryers and air purifiers. In an email to staff, founder James Dyson said the patents "don’t reveal what our vehicle will really look like or give any specifics around what it will do," but they do "provide a glimpse of some of the inventive steps" the company is weighing. The patents also indicate Dyson is mulling a vehicle with larger wheels to improve efficiency. Dyson’s email also hinted at a car with a low center of gravity to improve handling. The company posted a new automotive page to its website detailing its history in the automotive world and how its experience working on motors could contribute to a car. Read also: Govt upbeat … [Read more...] about First patents surface for Dyson electric car planned for 2021
By Kathy English Public Editor Thu., May 2, 2019 Why does journalism matter? I asked. You answered. In anticipation of today’s World News Day, a time to recognize and celebrate the power of journalism to make a difference in people’s lives, I asked for your perspectives on why journalism matters to you. The responses, as always when I reach out to Star readers for your views were (for the most part) thoughtful and constructive, showing tremendous insight into the value of the public service mission of journalism and deep appreciation both for journalism’s purpose in our democracy and for the work of journalists who aspire to journalism’s highest ideals. Thank you to all who participated. Here is some of why you believe #NewsMatters: Good journalism speaks truth in the face of lies, without fear or prejudice. When the public is confused by those with powerful self-interest, then the duty of the journalist is to lay bare the facts as (s)he … [Read more...] about ‘Great journalism holds the mirror to our souls’
SINGAPORE: Every time freelance writer Clare Lee, 27, uses a changing room when trying on clothes in fashion outlets big and small, she will take a few minutes to inspect every nook and cranny in her cubicle for hidden cameras before feeling safe enough to undress herself.For 27-year-old Fiona, who did not want to give her full name, she will always double-check that the curtains in her bedroom or hotel are fully drawn such that there is not even a teeny-weeny gap for anyone to peek through, and steer clear of unattended baskets in supermarkets.Freelance content creator Hilary See, 27, would refrain from standing near the edge of the escalator where people can look up her skirt, and try to use either a bag or a file to cover the back of her skirt while climbing the stairs.With spycams and phone cameras taking voyeurism to unsavoury new heights, these women are among a growing number of people who have taken extra precautions to protect themselves and their private spaces.As Fiona, … [Read more...] about The Big Read: Singapore’s voyeurism problem – what’s wrong with men, or the world?