THE Philippine central bank is expected to pump more money into the financial system as low lending rates fail to stimulate an economy that has been put into a standstill by a novel coronavirus pandemic.
THE National Government’s outstanding debt rose by 5.2% from a month earlier to P8.165 trillion as of end-February due to bigger sales of both foreign and local bonds, according to the Treasury bureau.
THE Department of Health (DoH) on Friday reported yet again the biggest daily increase in novel coronavirus infections with 96 new cases, bringing the total to 803.
THE United States military has canceled war games involving thousands of troops with the Philippines scheduled for next month amid a novel coronavirus pandemic that has sickened more than 800 people.
THE Bureau of Immigration will allow foreigners to leave the country even without their alien certificate of registration ID, the agency said in a statement on Friday.
SENATOR Aquilino L. Pimentel on Friday said he would face allegations that he broke self-quarantine protocols for patients suspected to have been infected with the novel coronavirus.
THE Department of Science and Technology (DoST) has started producing 3D-printed face shield frames for health workers on the frontline battling a novel coronavirus that has sickened more than 700 and killed at least 45 people in the Philippines.
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THE Ayala, Araneta and Aboitiz families have expanded their assistance to those affected by the lockdown in Luzon and other parts of the country, while others have joined the roster of private firms providing support to frontliners and vulnerable sectors.
THE Power Sector Assets and Liabilities Management Corp. (PSALM) has given entities in the power sector more time to pay their bills as it announced on Friday a due date of up to 30 days from the end of the Luzon-wide lockdown period on April 14.
SAN MIGUEL Corp. (SMC) on Friday said all of its expressways will be toll-free for medical practitioners battling the coronavirus disease 2019 (COVID-19) pandemic.
RAZON-led International Container Terminal Services, Inc. (ICTSI) on Friday appealed to its consignees to withdraw their reefers immediately.
THE Asian Development Bank (ADB) said another funding package of at least $1.6 billion for the Philippines will be released in the coming weeks to help the government respond to the COVID-19 quarantine and to help affected industries.
LEGISLATORS have called on the government to waive storage, demurrage and detention fees for all containers that landed in the country while the Enhanced Community Quarantine (ECQ) is in effect.
THE Asia-Pacific gaming industry is bracing for “negative cash flows” as casino visits drop as governments prohibit large crowds during the COVID-19 outbreak, according to S&P Gobal Ratings.
GOVERNMENT agencies have reactivated a price coordination council to monitor prices of basic commodities in Metro Manila and other urban areas during the COVID-19 lockdown.
THE Philippine Ports Authority (PPA), the Civil Aviation Authority of the Philippines (CAAP), and the Manila International Airport Authority (MIAA), made an advance dividend payment of more than P10 billion Friday.
TRANSPORTATION Secretary Arthur P. Tugade said the review of unsolicited proposals for all transport-related projects will continue during the COVID-19 quarantine.
THE Public Utility Vehicle Modernization Program (PUVMP), which is one of the main drivers of demand for commercial vehicles this year, faces “significant risks” of being delayed due to the lockdown on Luzon, Fitch Solutions said.
THE average farmgate price of palay, or unmilled rice, rose 0.9% week-on-week to P16.18 per kilogram (kg) in the fifth week of February, according to the Philippine Statistics Authority (PSA).
THE Bank of the Philippine Islands (BPI) raised P33.9 billion from an oversubscribed issue of fixed-rate bonds, with the bank expecting clients to borrow more to weather the effects of the COVID-19 outbreak and lockdown.
THE Development Bank of the Philippines (DBP) said it is prepared to aid businesses and local governments with low-cost funding for their recovery efforts following the COVID-19 lockdown.
THE Insurance Commission (IC) ordered insurance firms and health maintenance organizations (HMOs) to extend for at least 30 days current policies and agreements expiring during the month-long enhanced community quarantine period.
THE peso strengthened Friday as market sentiment improved following the passage of a substantial US stimulus package as well as policy easing by the Federal Reserve.
LOCAL shares closed the week on a negative note as the country continues to record more cases of the 2019 coronavirus disease (COVID-19), prompting investors to book gains while wary of the impact of the pandemic on the economy.
IBM, in collaboration with the U.S. Department of Energy and the White House Office of Science and Technology Policy, brings supercomputers into the global fight against the coronavirus pandemic with the COVID-19 High Performance Computing Consortium.
The Social Security System (SSS) has temporarily extended the filing periods of sickness notifications and sickness benefit claims for contingencies starting on 1 March...
The WU branch will adopt a contactless, tellerless, and cashless model for an expedited remittance service. Their goal is to enable an end-to-end solution that allows anyone in the world to send or receive money in any currency in real time.
Eskwelabs is currently offering free data science courses for Filipinos who might benefit from upskilling from home.
THE government has set a P190-billion borrowing program for April focused on short-term tenors, even reintroducing a 35-day term, as investors shun securities with longer maturities amid ongoing uncertainties.
THE PHILIPPINES still has room for a more aggressive fiscal response to blunt the impact of the coronavirus disease 2019 (COVID-19) pandemic, according to credit raters who said that the expected widening of the budget deficit will not affect the country’s credit standing as long as the debt rise is temporary.
GOVERNMENT AGENCIES, including local government units (LGUs), are being urged to simplify and streamline procedures and requirements as the country is under a state of national emergency due to the coronavirus disease 2019 (COVID-19) outbreak.
NETFLIX Inc. is reducing video quality in India, Australia, and some Latin American countries following conversations with internet service providers and governments, according to a person familiar with the matter.
FOREIGN business groups are backing government measures to address the coronavirus disease 2019 (COVID-19) pandemic and support the economy.
TOP Original Pilipino Music (OPM) artists have come together for several online fundraising concerts to benefit the COVID-19 front liners -- from a concert series held by Smart Communications to another by National Artist for Music Ryan Cayabyab.
POWER generation companies are not allowed to shut down their operations despite falling energy demand amid the Luzon-wide lockdown, the Department of Energy (DoE) said on Thursday.
TWENTY-four-year-old singer-composer Seth Dungca is set to release his debut single “Halika,” a song meant to “uplift people’s spirits” in these time of fear and uncertainty, on April 3.
THE Securities and Exchange Commission (SEC) will now accept corporate filings with electronic signatures and are unnotarized sent through e-mail while Luzon is on lockdown.
IT’S been almost two weeks since the Luzon-wide enhanced community quarantine was imposed to stem the spread of COVID-19, and the majority of people have been staying home and practicing social distancing. Here are some new shows to look forward to in April from WarnerMedia and Netflix, to make passing the quarantine easier. One has to note that many of these shows are starting in the middle of April -- hopefully, the quarantine would be lifted by then.
SUNTRUST Home Developers, Inc. said stockholders have approved a recently signed lease agreement for its planned hotel casino in Parañaque City.
AYALA-LED AC Energy Philippines, Inc. (ACEPH) is repurchasing up to P1 billion of its shares in the open market since March 24.
DISEASE does not discriminate, and takes lives great or small. During this coronavirus pandemic, when you can: stay at home. Otherwise, maintain distance in public, avoid close contact with people, and take all necessary sanitary precautions.
THE International Air Transportation Association (IATA), a trade association for the global airline industry, is asking governments to remove supply chain obstacles amid the pandemic as the continuing airfreight delays caused by bureaucratic processes are “endangering lives.”
THE Department of Labor and Employment (DoLE) will provide accommodation to stranded Overseas Filipino Workers (OFWs) during the enhanced community quarantine in Luzon.
ENJOY PDF and ePubs on modern art from the Guggenheim Museum’s archive. The collection includes books by Francis Bacon, Max Ernst, and Mark Rothko.
AS CENTRAL BANKS around the world reignite quantitative easing (QE) programs or adopt them for the first time, Japan’s key focus of controlling bond yields rather than a quota of purchases is being explored.
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