Bangko Sentral ng Pilipinas. BSP.GOV.PH
Senate President Aquilino Pimentel III is pushing for the exclusion of Bangko Sentral ng Pilipinas’ (BSP) check clearing unit from work suspension orders to ensure uninterrupted operations of vital businesses in the country.
Pimentel on Tuesday urged Malacañang to make sure that a critical agency like the BSP, particularly its check clearing units, remains open when it suspends work in government offices in instances that do not include regular holidays or inclement weather, saying work stoppages were “bad for business.”
“When the Executive suspends work in government offices during events like the transport strike or declares extended stretches of work suspensions due to activities like the Asean (Association of Southeast Asian Nations), businesses are adversely affected,” he said.
He further explained that suspension of check clearing operations disrupts many business activities, including the operations of banks and the Philippine Stock Exchange.
BUSINESS
BUSINESS
BUSINESS
Pimentel made the call following the two-day suspension of work last week due to the nationwide transport strike and the upcoming three special nonworking days from Nov. 13 to 15 to make way for the country’s hosting of the 31st Asean Summit.
“Just as vital government operations like law enforcement and agencies like the Metropolitan Manila Development Authority remain operational during situations like these, so must a critical agency like the BSP remain open so that the business of doing business is not affected,” said the senator.
