THE PESO surged to return to the P48-per-dollar level on Tuesday following signals from President Rodrigo R. Duterte that the stricter lockdown in Metro Manila will be lifted by next week.

THE Social Security System (SSS) said going ahead with a plan to expand benefits for retirees affected by the coronavirus disease 2019 (COVID-19) pandemic will likely erode the pension fund’s finances.

THE Bangko Sentral ng Pilipinas (BSP) is looking into a lender’s alleged violation of rules on lending to related parties, BSP Governor Benjamin E. Diokno said.

TWO Philippine offshore gaming operators (POGOs) have exited the country, according to the industry regulator, with more expected to follow suit as they face difficulties in securing tax clearance from the Bureau of Internal Revenue (BIR).

THE GOVERNMENT will need to set aside about P9.6 trillion to meet its obligations to retired military and uniformed personnel (MUP) if it does not reform their pension arrangements, a key senator said.

THE PESO weakened versus the dollar on Tuesday as coronavirus disease 2019 (COVID-19) cases increased in the United States and after Metro Manila mayors recommended keeping current restrictions for the rest of the year.

THE P30-billion Cebu-Cordova Link Expressway (CCLEx), one of the country’s largest infrastructure projects that is expected to ease the worsening traffic in Metro Cebu and help spur economic growth in the Visayas, is now more than halfway complete, its developer said.

THE Department of Budget and Management (DBM) released P2.5 billion to replenish the Department of Labor and Employment’s (DoLE) cash aid program for displaced workers but said the remaining request for P5 billion worth of additional funding, which could support 1 million more people out of work, is unlikely to be approved.

NINE of 10 Filipinos have high trust in President Rodrigo R. Duterte and the government amid the coronavirus disease 2019 pandemic, according to a poll by consultancy firm EON Group and research firm Tangere.

A SENATE committee reviewing the implementation of the K to 12 curriculum has called for measures to improve the basic education system and to better match school training with the skills in demand from industry.

THE Department of Labor and Employment (DoLE) is requiring all establishments to organize seminars on occupational safety and health (OSH), after the labor department released guidelines for OSH compliance last week.

THE Bureau of Internal Revenue (BIR) extended the deadline for the filing of all tax returns, tax payments and submission of documents as the country remains under a state of national emergency due to the coronavirus outbreak.