Short-term cash handouts failed to make impact — WB
FAMILIES ENROLLED in the government’s conditional cash transfer (CCT) program may have to receive handouts for more than a year and a half in order to see a significant impact on education and jobs, the World Bank (WB) said.
MWSS adjusts water rates for 2nd quarter
THE METROPOLITAN Waterworks and Sewerage System Regulatory Office (MWSS) has given the go signal for two Metro Manila water concessionaires to adjust rates in the second quarter.
FDI inflows slump to lowest in 5 years
FOREIGN direct investments (FDI) to the Philippines slid to a five-year low in 2020, as the coronavirus pandemic drove investors toward safe havens.
BIR collection barely exceeds target in Feb.
THE Bureau of Internal Revenue (BIR) collected P134.27 billion in revenues in February, barely exceeding its collection goal as economic recovery remains sluggish.
Hong Kong-based toy manufacturers mull relocating to Philippines
HONG KONG-BASED toy manufacturers are considering relocation to the Philippines, the Board of Investments (BoI) said on Wednesday.
SEC online submission tool goes live on March 15
THE Securities and Exchange Commission (SEC) said corporations and partnerships can submit their annual financial statements (AFS), general information sheet (GIS) and other reports using its online submission tool (OST) starting March 15.
4 million Filipinos still jobless in Jan.
AROUND four million Filipinos remain jobless in January, as more reentered the labor force with the further easing of quarantine restrictions around the country, government labor data released on Tuesday showed.
Factory output slumps for 11th month in a row
THE COUNTRY’S FACTORY output extended its losing streak to 11 months in January, amid soft global demand and supply disruptions caused by the pandemic, the Philippine Statistics Authority (PSA) reported on Tuesday.
March power bills to drop as Meralco implements refund
TYPICAL HOUSEHOLDS in Metro Manila can expect to see a P72 drop in their power bills this month, after Manila Electric Co. (Meralco) on Tuesday announced it will start implementing refunds for its customers.
Bitcoin not eligible as GIR, says central bank
THE central bank is not keen on including cryptocurrencies as part of its foreign exchange buffers despite the recent surge in the value of bitcoin, Bangko Sentral ng Pilipinas (BSP) Deputy Governor Francisco G. Dakila, Jr. said.
Liquidity measures intact for now — BSP
THE Bangko Sentral ng Pilipinas (BSP) will not stop liquidity measures until the economy has recovered, BSP Governor Benjamin E. Diokno said on Monday.
Unemployment rate hits record high in 2020
LAST YEAR proved to be challenging for the labor market as many Filipinos became jobless with businesses closing or downsizing operations amid the coronavirus pandemic.