PHILIPPINE STAR/ MICHAEL VARCAS By Luz Wendy T. Noble, Reporter PHILIPPINE banks may experience “systemic solvency distress” if the economic impact of the coronavirus disease 2019 (COVID-19) turns out to be worse than initially expected, the International Monetary Fund (IMF) said. “While banks can withstand the exceptionally severe shocks in […]
Rolex updates the classics
1 of 2 FOR the Watches and Wonders 2021 virtual industry in Geneva, Rolex released new iterations of its classics, the Explorer, the Datejust, and the Oyster Perpetual. The pieces were presented via an online press conference last week. First up was the Explorer and the Explorer II. This year, […]
Chiefs of Philippine, US military discuss South China Sea affairs
PHILSTAR By Vann Marlo M. Villegas and Kyle Aristophere T. Atienza, Reporters THE PHILIPPINE Defense chief discussed the situation in the South China Sea and regional security developments with his US counterpart on Sunday, according to the country’s military spokesman, amid increased Chinese presence in the disputed waterway. Philippine Defense […]