Business
Realignment of infra budget ‘last option’ for Covid-19 response
April 8, 2020, 5:00 pm
MANILA – Funding for infrastructure projects will not be utilized as much as possible even as the government realigns the budget to finance coronavirus disease 2019 (Covid-19) response, Finance Secretary Carlos Dominguez III said. “That is the last item that we will touch,” he said during… Read More
BAP assures banking services during extended ECQ
April 8, 2020, 4:49 pm
MANILA – The Bankers Association of the Philippines (BAP) has assured the public of continued banking services during the extended enhanced community quarantine for Luzon. In a statement Wednesday, the group reiterated the commitment of the banking community in doing all necessary measures to… Read More
Gov’t must address supply, price issues amid Covid-19: NEDA
April 7, 2020, 10:19 pm
MANILA - The government must be proactive in addressing supply bottlenecks and implementing price control measures on necessities following the spread of coronavirus disease 2019 (Covid-19), the National Economic and Development Authority (NEDA) said. The country’s headline inflation… Read More
SEC lends more support in fight vs. coronavirus
April 7, 2020, 10:14 pm
MANILA — The Securities and Exchange Commission (SEC) is lending more support to national efforts to combat the coronavirus disease 2019 (Covid-19) pandemic. In its most recent initiative, the Commission transferred a total of PHP2 billion from its accounts to the Bureau of the Treasury to… Read More
Priority support for essential goods production a must: NEDA
April 7, 2020, 9:53 pm
MANILA – The government needs to prioritize support for the production of essential goods and personal protective equipment during the country’s fight against the coronavirus disease 2019 (Covid-19), the National Economic and Development Authority (NEDA) said. The Philippine Statistics… Read More
Ecozone locators lauded for helping Covid-19 front-liners
April 7, 2020, 9:42 pm
MANILA – Philippine Economic Zone Authority (PEZA) Director General Charito “Ching” Plaza on Tuesday expressed her gratitude to all PEZA-registered ecozone locator companies for producing, manufacturing, and donating personal protective equipment (PPE), medical supplies and equipment to… Read More
GSIS grants 3-month moratorium on loan payments
April 7, 2020, 9:09 pm
MANILA - - The Government Service and Insurance System (GSIS) on Tuesday announced the granting of a moratorium on loan payments of its members and pensioners, including housing loan amortization of borrowers. “The GSIS Board of Trustees, in compliance with the 'Bayanihan Heal as One' Law,… Read More
PH shares rise anew, peso sideways
April 7, 2020, 6:17 pm
MANILA – The Philippines’ main equities index ended higher on Tuesday, while the peso ended sideways against the US dollar partly on report of slower inflation rate in the country for March. For the third consecutive trading day, the Philippine Stock Exchange index (PSEi) rose to 5,650.01… Read More
APEC economies launch $471-B stimulus package for SMEs
April 7, 2020, 6:11 pm
MANILA – Eleven member-economies of the Asia Pacific Economic Cooperation (APEC) have launched a USD471-billion stimulus package for small and medium enterprises (SMEs) in the region amid the coronavirus disease 2019 (Covid-19) pandemic. According to the APEC Secretariat, while other economies… Read More
BSP ready to further help gov’t in Covid-19 response
April 7, 2020, 4:19 pm
MANILA – The Bangko Sentral ng Pilipinas (BSP) on Tuesday indicated its readiness to implement additional measures that would support the government’s program to address the impact of the coronavirus disease 2019 (Covid-19). In a statement, the central bank said inflation is seen to remain… Read More
BSP calls on banks to ensure services this Holy Week
April 7, 2020, 4:16 pm
MANILA – The Bangko Sentral ng Pilipinas (BSP) has called on financial institutions to ensure the availability of financial services this Holy Week, especially since community quarantines have been declared in most parts of the country to help address the global pandemic. In a memorandum to… Read More
Seaoil provides free fuel aid for hospitals
April 7, 2020, 3:21 pm
MANILA – An oil company in the Philippines said it continues to grant aid to the country’s health care institutions in the fight against the coronavirus disease 2019 (Covid-19), this time by providing free fuel to hospitals. In a press release, Seaoil said the free fuel subsidy is for… Read More
Middle class included in Covid-19 support measures: Dominguez
April 7, 2020, 3:15 pm
MANILA – People from the middle class are included in measures extended to those affected by the coronavirus disease 2019 (Covid-19), Finance Secretary Carlos Dominguez III said. In a Viber message to journalists on Tuesday, Dominguez said President Rodrigo Duterte has been authorized under the… Read More
PSBank Holy Week schedule
April 7, 2020, 12:40 pm
MANILA – All branches of the Philippine Savings Bank (PSBank) will be closed on Holy Thursday and Good Friday, April 9-10, 2020. In an advisory, the bank assured its clients they can still access its automated teller machines (ATMs), the mobile application (PSBank Mobile), and the internet… Read More
Zambo biz group suggests measures to cushion Covid-19 impact
April 7, 2020, 11:34 am
ZAMBOANGA CITY -- The Zamboanga City Chamber of Commerce and Industry Foundation, Inc. (ZCCCIFI) has proposed measures to cushion the effect of the coronavirus 2019 (Covid-19) pandemic to the local economy.“Being the voice and conscience of business and commerce in Zamboanga City, we are… Read More
Security Bank branches closed on Maundy Thursday, Good Friday
April 7, 2020, 11:23 am
MANILA – Security Bank Corporation (Security Bank) advised its clients to call the bank’s various digital and online platforms for any inquiries on Holy Thursday and Good Friday since all branches nationwide will be closed. In an advisory Tuesday, the bank said its clients may call its hotline… Read More
BIR shuts down illegal cigarette maker in Clark ecozone
April 6, 2020, 8:36 pm
MANILA — The Bureau of Internal Revenue (BIR) said Monday it has padlocked a warehouse illegally manufacturing tobacco products inside the Clark Special Economic Zone in Pampanga where 1.65 million packs of cigarettes supposedly intended for export to Malaysia were seized by its strike… Read More
BTr fully awards T-bills
April 6, 2020, 8:32 pm
MANILA – The Bureau of the Treasury (BTr) fully awarded all three tenors of Treasury bills (T-bills) Monday. National Treasurer Rosalia de Leon said the rise of interest rates is within-expected range. Rate of the 91-day debt paper rose to 3.413 percent from 3.024 percent when this tenor… Read More
Stocks rise, peso flat vs. USD
April 6, 2020, 8:28 pm
MANILA -- Philippine stocks ended the week’s first trading day on a positive note while the peso finished flat against the US dollar despite uncertainties because of the coronavirus disease 2019 (Covid-19) pandemic. The Philippine Stock Exchange index (PSEi) gained 4.19 percent, or 223.84… Read More
RedDoorz to offer free lodging to health workers in Manila
April 6, 2020, 6:58 pm
MANILA — RedDoorz, an online hotel management and booking platform, has forged a partnership with the Department of Tourism and the city government of Manila in providing temporary free accommodation to healthcare workers. Under its “Red Heroes” initiative, RedDoorz aims to provide a place… Read More
