The Bangko Sentral ng Pilipinas (BSP) will grant regulatory relief to banks and quasi banks (QBs) that sustained losses due to their clients being affected by the African Swine Fever (ASF) and the coronavirus disease (COVID-19).
“We believe that the grant of regulatory and rediscounting relief measures is also applicable to financial institutions whose clients have suffered from adverse effects of these crises,” BSP Governor Benjamin E. Diokno said.
The temporary regulatory relief includes grace periods for rediscounting loans, staggered booking of allowance for credit losses, non-imposition of penalties on legal reserve deficiencies, and non-recognition of certain defaulted accounts as past due.
Diokno said the BSP recognizes the potentially crippling impact of the said events on key industries, which include the tourism industry.
“The BSP’s initial assessment points to a potential dampening impact on the Philippine economy in the near term mainly through disruptions to tourism and associated services,” he said.
The House of Representatives is already tackling the issue on how to compensate for the tourism losses due to the implemented travel ban prompted by the COVID-19 threat.—AAC
BICOL, Philippines – Tests on organ samples collected from dead pigs in a barangay in Bombon, Camarines Sur revealed contamination of African Swine Fever (ASF).
Department of Agriculture (DA) Regional Director Rodel Tornilla in a statement on Thursday (February 20) confirmed that swine mortality in Barangay Sto. Domingo in Bombon was caused by the deadly pig virus.
Tornilla assured that the DA and the local government of Bombon are implementing measures to manage, contain and control the pig disease.
The most recent incident of swine mortality due to ASF was reported in Davao Occidental and Davao City.
MANILA, Philippines – The Bureau of Animal Industry (BAI) expressed concern that African Swine Fever (ASF) has already reached even remote barangays in the country.
BAI suspects that the ASF virus that reached Davao Occidental may have been brought through “pasalubongs” of food gifts in the form of processed pork or pork dishes prepared during the holidays last December.
Likewise, food leftovers or swills from these gatherings may have been contaminated by ASF.
“Kasama sa mga pasalubong na iyan mga processed na karne na maaring nanggaling doon sa lugar na may African Swine Fever (Among these food gifts may have been processed meat from areas infected by African Swine Fever),” Domingo said.
“Siguro iyong mga tira-tirang pagkain ay naipakain sa mga alagang baboy. After several weeks lumitaw na iyong sakit sa mga lugar na hindi natin inaasahan (Leftover foods may have been fed to pigs. After several weeks, the virus emerged in areas we did not expect to be infected),” he added.
Domingo said it would be difficult to detect such food items at checkpoints especially if they were skillfully concealed in bags and containers.
“Ang problema natin kapag ang byahero ay inilagay niya sa personal bag niya na maliit iyong karne o kaya sa private vehicle (One problem is when a traveler places the pork dish inside his or her personal bag inside a private vehicle),” Domingo noted.
“O kaya ang may dala-dala ng paninda, ang bag, hindi naman pinapara iyan sa mga checkpoint (Or the pork meat were concealed inside a bag, they are not flagged down in checkpoints),” he added.
The official calls on the public to ensure that they are purchasing pork meat and pork-based products with certification from proper authorities such as the National Meat Inspection Service (NMIS) and the Food and Drugs Administration (FDA).
Disinfection efforts, meanwhile, are ongoing on transporting vehicles at BAI checkpoints in the country.
BAI already accounted about 230,000 pigs that were culled and have died due to ASF but only 20% of this was directly infected by ASF. MNP (with details from Rey Pelayo)
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