Business
PCCI submits Covid-19 recovery roadmap to gov’t
April 13, 2020, 11:04 am
MANILA – The country’s largest business group, the Philippine Chamber of Commerce and Industry (PCCI), has submitted to the government its recommendations to help the nation recover amid the coronavirus disease (Covid-19) crisis. In a statement Monday, PCCI said it supports the national… Read More
'Bolder but appropriate moves' needed vs. Covid-19 impact
April 13, 2020, 8:23 am
MANILA – Cutting back the Bangko Sentral ng Pilipinas (BSP) key policy rates to its 2018 level will not be enough to help address the economic slowdown brought by the coronavirus disease 2019 (Covid-19) pandemic, BSP Governor Benjamin Diokno said on Sunday. “It is now clear that reverting to… Read More
WB OKs $500M loan to boost PH disaster risk mgt, Covid response
April 10, 2020, 9:15 pm
WASHINGTON -- The World Bank said Friday its Board of Executive Directors approved US$500 million in financing to help strengthen the Philippine government’s capacity to address disaster risks, respond to and recover from natural disasters. The financing will also support urgent needs… Read More
BSP undertakes extraordinary measures to boost liquidity
April 10, 2020, 7:37 pm
MANILA – The Bangko Sentral ng Pilipinas (BSP) is shoring up domestic liquidity to address the economic impact of the coronavirus disease 2019 (Covid-19) pandemic. It has decided to implement extraordinary measures to help in the national government’s Covid-19 response by, among others,… Read More
OPEC+ close to reaching deal after talks with Putin: Trump
April 10, 2020, 2:13 pm
WASHINGTON – US President Donald Trump said he had a "good talk" with the leaders of Russia and Saudi Arabia to discuss ways to stabilize the oil sectors of the three nations. During a briefing at the White House, the US leader said that according to his information, the sides are close to… Read More
PNB waives fees for remittances from Filipinos overseas
April 10, 2020, 2:07 pm
MANILA – The Tan-led Philippine National Bank (PNB) is allowing Filipinos overseas to send money to their families who have PNB deposit accounts in the Philippines free of charge from April 9 to May 8. In a statement, PNB president and chief executive officer Wick Veloso said this is the… Read More
Rules on expedited release of containers issued
April 9, 2020, 7:38 pm
MANILA – Key government agencies have issued a Joint Administrative Order (JAO) providing for the expedited release of refrigerated containers and dry vans parked at shipping ports and terminals in a bid to ease the port congestion caused by the work stoppage of logistics companies during the… Read More
DOF chief assures availability of funds for Covid-19 response
April 9, 2020, 6:13 pm
MANILA – The government has come up to date with about PHP1.17 trillion worth of fiscal and monetary measures to help Filipinos combat the effect of the coronavirus disease (Covid-19) pandemic. This was reiterated by Finance Secretary Carlos Dominguez III during the televised briefing of… Read More
Registration for corporations with below 5 incorporators opened
April 9, 2020, 5:24 pm
MANILA – The Securities and Exchange Commission (SEC) has reopened the registration for corporations with less than five incorporators, including one person corporations (OPCs). In a notice dated April 8, the Commission announced it has set up an interim online registration system to… Read More
IC welcomes non-life insurers' aid to those affected by Covid-19
April 9, 2020, 2:47 pm
MANILA – Insurance Commissioner Dennis Funa has welcomed the initiative taken by SGI Philippines General Insurance (SGI Philippines), a non-life insurance company, to assist the families of all licensed non-life insurance intermediaries and their employees affected by coronavirus disease 2019… Read More
Global trade to plunge up to 32% due to pandemic: WTO
April 9, 2020, 1:59 pm
GENEVA – The World Trade Organization (WTO) on Wednesday forecast a fall of up to 32 percent in global trade this year as the coronavirus disease 2019 (Covid-19) pandemic disrupts regular economic activities. Addressing a virtual news conference, WTO Director General Roberto Azevedo said,… Read More
Biz register better outlook for Q2: BSP survey
April 8, 2020, 9:51 pm
MANILA – Businessmen who participated in the survey conducted by the Bangko Sentral ng Pilipinas (BSP) until the first half of March indicated a favorable outlook for the second quarter of the year, better than the outlook for the first quarter. In a report on the results of the Business… Read More
Filinvest hands over PPE to hospitals, partner LGUs
April 8, 2020, 9:43 pm
MANILA -- The Filinvest group responded to the call of its partner local government units (LGUs) which have recently recorded positive cases of coronavirus disease 2019 (Covid-19). The company distributed the initial allocation of personal protective equipment (PPE) to the Research Institute… Read More
NEDA urges intensifying efforts to boost PH trade sector
April 8, 2020, 9:38 pm
MANILA – As the country continues to grapple with the impact of the coronavirus disease 2019 (Covid-19) pandemic, the National Economic and Development Authority (NEDA) said the government must intensify trade sector reforms for the economy to overcome the challenges of a huge global economic… Read More
DOF exec cites need for unhampered delivery of basic goods
April 8, 2020, 9:34 pm
MANILA – Rate of price increases decelerated further last March but transportation of basic goods and other important items should be ensured even with enhanced community quarantines declared around the country to fight the coronavirus disease 2019 (Covid-19), a finance official said. In an… Read More
SEC warns vs. 5 more investment schemes amid Covid-19
April 8, 2020, 7:22 pm
MANILA – The Securities and Exchange Commission (SEC) has issued advisories against five more groups soliciting investments from the public without the necessary licenses. In separate advisories dated April 7, the Commission warned the public against investing in Cryptec, CryptoPeso, V2R… Read More
More opportunities for BPO industry seen despite health crisis
April 8, 2020, 7:13 pm
MANILA – Despite the coronavirus disease 2019 (Covid-19) pandemic, there will be opportunities for the country’s business process outsourcing (BPO) industry, a real estate advisory firm said. “Demand for BPO services will be ramped up by global companies which are cutting costs through… Read More
124K IATF IDs issued to energy personnel
April 8, 2020, 7:09 pm
MANILA – The Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF-EID) has issued a total of 124,878 identification cards to energy personnel as of Monday, the Department of Energy (DOE) said. Some 68,506 IATF IDs were released to energy workers in the downstream oil… Read More
Peso strengthens, stocks decline ahead of holidays
April 8, 2020, 7:02 pm
MANILA – The peso gained against the US dollar on Wednesday but the Philippine Stock Exchange index (PSEi) ended the shortened trading week in negative territory. There will be no trading on Maundy Thursday and Good Friday, April 9-10, as these were declared as national holidays. The peso… Read More
Local carriers cancel all flights until April 30
April 8, 2020, 5:55 pm
MANILA – Local carriers Philippine Airlines (PAL), Cebu Pacific (CEB) and AirAsia Philippines have announced the cancellation of all their international and domestic flights until April 30, as the government extended the Luzon-wide enhanced community quarantine (ECQ). The three airlines… Read More
