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Oct 27 2020 
Pandemic shows up gaps in GDP metrics in region–Apec unit
THE pandemic has exposed gnawing gaps in the computation of GDP that would require countries in the Asia and the Pacific region to look beyond it, according to the Asia-Pacific Economic Cooperation (Apec) Policy Support Unit (PSU).
In a statement, Apec PSU Director Denis Hew said GDP had “blindspots” that prevented it from measuring the distribution…
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Oct 27 2020 
BSP outlines offsite process for verifying rediscount loans
THE BANGKO SENTRAL ng Pilipinas (BSP) will require banks to submit collateral documents online for the verification of rediscount loans availed by lenders as the coronavirus pandemic continues.
Memorandum No. M-2020-081 signed by BSP Deputy Governor Francisco G. Dakila, Jr. on Oct. 22 said the usual on-site credit verification activities will be done remotely by allowing…
