S&P Global Ratings maintained its BBB+ long-term credit rating for the Philippines with a stable outlook, as it expects the economy to bounce back...
THE country will be transitioning into more relaxed lockdowns starting June 1, with fewer restrictions on people’s movement and more outdoor activities and physical reporting to work allowed.
SENATE MAJORITY Leader Juan Miguel F. Zubiri said that the Senate may not be able to pass all priority measures such as the economic stimulus act and the Corporate Recovery and Tax Incentives for Enterprises Act (CREATE) before Congress adjourns next week due to the limited number of session days left, adding that the upper chamber will be prioritizing the bill extending the validity of the Bayanihan to Heal As One Law instead.
THE Department of Health (DoH) said that it will be changing the way coronavirus disease 2019 (COVID-19) cases are reported to the public, saying that it will identify those that are “fresh” and those that came from “delayed reporting.”
THE Department of Labor and Employment (DoLE) said it will be able to make sure all stranded overseas Filipino workers (OFWs) make it home before the deadline President Rodrigo R. Duterte set, with 19,000 out of 24,000 already brought home.
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ALMOST 1,000 indigenious people (IP) who had been stranded in Metro Manila when the lockdown to control the spread of the coronavirus disease 2019 (COVID-19) was imposed, have been brought back to their homes by the government.
THE Philippines should not rely on the private sector to cover mass testing and vaccines for the coronavirus disease 2019 (COVID-19), House Senior Deputy Minority Leader and former Health Secretary Janette Garin said.
THE Supreme Court said that 22,522 inmates have been released through videoconferencing hearings.
ON THURSDAY evening, the House of Representatives approved on second reading House Bill 6869 which seeks to create the Eastern Visayas Development Authority (EVDA) which is meant to spearhead investment promotion and implement economic development strategies in Region 8.
ALL judicial courts will be in “full operation” starting June 1, following the easing of lockdown restrictions in most parts of the country.
PHARMACEUTICAL firm Sanofi Pasteur, Inc. said that developing a vaccine against the coronavirus disease 2019 (COVID-19) could take 18 to 24 months.
OMNIBUS Bio-Medical Systems Inc. has denied allegations that it has hoarded and sold overpriced coronavirus disease 2019 (COVID-19) testing equipment and kits to the national government.
THE seaport project in the heavily contested Pag-asa Island is slated to commence operations on June 12, the Department of Transportation reported late on Thursday.
PRESIDENT Rodrigo R. Duterte is calling on schools to accept staggered tuition payments to address difficulties of parents in paying for their child’s education amid the coronavirus disease 2019 (COVID-19) crisis.
A NEW survey by the Social Weather Stations (SWS) showed that when it came to paying for their daily needs, nearly half of those surveyed spent their wages rather than cash aid.
THE Philippines will allow nearly all economic sectors to resume operations, as the country relaxes one of the world’s longest and strictest lockdown restrictions on June 1.
THE Philippine government secured two loans worth a total of $1.25 billion (P63.28 billion) from the Asian Infrastructure Investment Bank (AIIB) and World Bank to help in its fight against the coronavirus disease 2019 (COVID-19) pandemic.
THE Philippine Economic Zone Authority (PEZA) said it approved P13.1 billion worth of committed investments for the months of April and May, which are expected to generate nearly 20,000 new jobs.
THE House of Representatives on Thursday evening approved on second reading a bill providing for the transfer of banks’ bad loans to asset management companies (AMCs), as a spike in non-performing loans is expected during the coronavirus crisis.
INSTITUTO CERVANTES de Manila will be screening online for free the Spanish classic film El Verdugo (The Executioner), Luis Garcia Berlanga’s 1963 black comedy about the death penalty, on May 30 and 31.
INFLATION in May likely fell within 1.9% to 2.7%, with upside risks mainly coming from the increase in food prices, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said on Friday.
THE OUTSOURCING industry is requesting the government for a longer transition time before changing the current incentives system, while supporting the move to cut corporate income tax to 25% from 30% in July.
TAX CREDIT certificates (TCCs) that remain unused for more than one year will be converted into cash, the Bureau of Internal Revenue (BIR).
THE Philippine National Railways (PNR) is expecting an 80% decline in monthly revenues due to government restrictions as the country gradually eases lockdown measures.
INBRED RICE seed delivery under the Rice Competitiveness Enhancement Fund (RCEF) has reached more than one million bags, the Philippine Rice Research Institute (PhilRice) said on Friday.
METRO PACIFIC Investments Corp. (MPIC) has sold part of its stake in the operator of the Light Rail Transit Line 1 (LRT-1) to Japanese company Sumitomo Corp.
EARNINGS of Puregold Price Club, Inc. jumped 17% in the first quarter, as consumers began panic-buying before the lockdown was implemented in mid-March.
VISTA LAND & Lifescapes, Inc. (VLL) reported a 10% increase in profits last year, as it saw higher demand for its commercial assets.
EARNINGS of Belle Corp., the listed operator of City of Dreams Manila, dropped by 31% in the first quarter as tourist arrivals fell due to the Taal eruption and the onset of the coronavirus disease 2019 (COVID-19) pandemic.
EARNINGS of Megawide Construction Corp. climbed 3% in the first quarter as its construction and landport segments generated strong revenues.
MONEY SUPPLY growth in March accelerated following the central bank’s monetary easing to help mitigate the impact of the coronavirus pandemic on the economy and the financial system..
THE PESO strengthened against the greenback on Friday after the loosening of lockdown measures in the country to gradually reopen the economy.
THE MAIN INDEX broke into the 5,800 level at the end of Friday’s session as bulls flocked to the market on optimism over the easing of the lockdown in Metro Manila starting next week.
By Michaela Tangan Features Writer, The Philippine STAR Thanks, or no thanks to the coronavirus disease 2019 (COVID-19) pandemic, protective face masks are now part of...
By Aliyya Sawadjaan Features Writer, The Philippine STAR Today, plastics play a key role in the response against the coronavirus disease 2019 (COVID-19). The material turned...
PRESIDENT Rodrigo R. Duterte on Thursday evening ordered the further easing of the lockdown in Metro Manila and nearby cities starting June 1, as the government tries to restart an economy that the coronavirus pandemic brought to a near standstill.
THE government estimates that around P846 billion in additional stimulus is needed to revive the economy, which will see around P2.2 trillion in losses so far this year due to the pandemic.
By Luz Wendy T. Noble, Reporter AROUND $660 million in foreign capital left the Philippines in April as investors pulled out due to worries over...
THE government is planning to allocate more funds for infrastructure projects and the healthcare sector under next year’s budget, as the country adapts to a “new normal.”
MANILA — The Philippines’ coronavirus task force has recommended to President Rodrigo R. Duterte to ease one of the toughest and longest lockdowns in the world for residents in the capital Manila, who have endured nearly 11 weeks of restrictions on activity.
JOLLIBEE FOODS Corp. (JFC) swung to a net loss in the first quarter as the coronavirus disease 2019 (COVID-19) pandemic led to temporary closure of its stores worldwide.
SAN MIGUEL Corp. (SMC) is planning to issue perpetual securities worth up to $1 billion or about P50.72 billion, which it will not offer to the public.
BEING stuck at home under quarantine doesn’t have to be boring — not when there is access to some testosterone-filled pro wrestling. Late last year, World Wrestling Entertainment (WWE) inaugural Cruiserweight Champion TJ Perkins went head to head with Jake de Leon of the Philippine Wrestling Revolution (PWR) in an event called PWR Special: Homecoming. Now, one can watch the fight in the comfort of home, when Homecoming becomes available on pay-per-view on May 31.
2GO Group, Inc. cut its net loss attributable to equity holders by 70.5% in the first quarter after it managed to reduce its expenses.
NORMAN Boquiren’s Mayang Bubot sa Tag-araw — one of the main plays in this year’s Virgin Labfest (VLF) theater festival — tackles the problems encountered in an Ayta community, focusing on how the Indigenous People’s community values ancestral land and livelihood.