Diwa C. Guinigundo It was good for the Bangko Sentral ng Pilipinas to shift the release of Financial Stability Report (FSR) from annual to semestral beginning second semester of 2020. There is a dearth of reliable and timely information that the Filipino public could trust, and this report from the BSP could not have come at a better time than this. Speaking for the Financial Stability Council, the FSR highlights the now ubiquitous problem of corporate and individual distress. The FSR documents that as of Q2 2020, “corporate results were actually diverse, ranging from lower profits to outright losses.” Dented financials are critical in debt servicing and corporate viability. If many of our companies have bleeding bottomlines, economic recovery would remain elusive. Economic recovery could equally be slow burn.