Banks may face risks from virus
BANKS with large exposure to industries such as tourism may face risks amid the prolonged spread of the coronavirus disease 2019 (COVID-19), according to an official of the Bangko Sentral ng Pilipinas (BSP).
Partial closure of Skyway, SLEx scheduled due to C5 South Link construction
A stop-and-go traffic scheme will be implemented on the Skyway and South Luzon Expressway (SLEx) starting Sept. 29 until Nov. 22 for the construction of Circumferential Road 5 (C5) South Link Expressway, government concessionaire Metro Pacific group said.
Panguil Bay Bridge, to be PHL’s longest, breaks ground
THE Panguil Bay Bridge Project, to be financed through official development assistance from South Korea, broke ground yesterday, Finance Secretary Carlos G. Dominguez announced.
Manila’s most expensive condo costs P550,000 per square meter
A LUXURY condominium project is now pre-selling at a whopping P550,000 per square meter (sq.m.), making it the most expensive in Metro Manila, according to Colliers International.
Gov’t adds more stations to Metro Manila subway
THE Metro Manila subway will now have 17 stations, after the Transportation department decided to expand the original plan to include more stations.
BIR sets June 15 payment deadline for amended ITRs
THE Bureau of Internal Revenue (BIR) said it will waive penalties for income tax return (ITR) amendments provided that settlement payments are made on or before June 15, with the bureau still enforcing the April 15 filing deadline while Luzon is on lockdown.
Board announces Nov. 22 effectivity of P25 NCR wage hike
THE NEW minimum wage for Metro Manila was announced at P500-P537 starting Nov. 22, reflecting a P25 increase, the National Wages and Productivity Commission (NWPC) said Wednesday.
Japan offers to help Manila screen coronavirus strain
JAPAN has offered to help the Philippines screen a new strain of coronavirus that has killed more than a hundred in China and sickened thousands more, the Health department said on Wednesday.
Gov’t to proceed immediately with 5th round of SSL pay hikes
FINANCE Secretary Carlos G. Dominguez III said the government will proceed immediately with the fifth round of adjustments to public servants’ salaries under the Salary Standardization Law, adding that the Department of Finance (DoF) will file legislation soon instead of observing the usual interval between adjustments.
IRR for new maternity leave law could be issued by May
LABOR SECRETARY Silvestre H. Bello III said that the implementing rules and regulations (IRR) for the newly enacted law that extends maternity leave may be issued by May.
Big fund managers buy PHL stocks in ‘mega sale’
BIG Philippine money managers are cautiously plowing back money into the nation’s equities, seeing cheapened valuations as an opportunity they have been waiting for, although the market has yet to bottom out.
CALAX Laguna interchanges to open on Aug. 18
PUBLIC WORKS and Highways Secretary Mark A. Villar said Sunday that the Laguna Boulevard Interchange and the Laguna Technohub Interchange of the Cavite-Laguna Expressway (CALAX) will be opened to motorists starting Aug. 18.