NEDA revising goals under PHL dev’t plan
THE National Economic and Development Authority (NEDA) is currently revising the government’s medium-term development targets under the Philippine Development Plan (PDP) 2017-2022 due to the impact of the coronavirus disease 2019 (COVID-19) pandemic.
BSP keeps benchmark rates steady
THE Bangko Sentral ng Pilipinas (BSP) kept benchmark interest rates unchanged on Thursday amid a benign inflation outlook and signs of economic recovery.
Central bank relaxes limit to real estate lending
THE central bank on Thursday raised the limits on real estate loans of big banks, a move which it says would unleash more than a trillion in liquidity for real estate lending to lift the economy amid the coronavirus crisis.
Issues raised vs GMR-Megawide’s NAIA proposal
THE proposed rehabilitation of the Ninoy Aquino International Airport (NAIA) has hit another snag, as the government asked the joint venture of Megawide Construction Corp. and GMR Infrastructure Ltd. to comply with some requirements under the Build-Operate-Transfer (BOT) law.
PSA amendments put on back burner
A MEASURE amending the 83-year-old Public Service Act (PSA) to lift foreign ownership restrictions in certain sectors is taking a backseat to coronavirus pandemic response bills at the Senate.
Metro Manila imposes unified curfew amid GCQ
BUSINESSES are expecting some improvement in consumer spending as they adapt to new restrictions after Metro Manila on Wednesday transitioned into a general community quarantine (GCQ), which included a unified curfew.
After Bayanihan II, Senate to focus on CREATE bill
THE SENATE will begin deliberations next week on the proposed Corporate Recovery and Tax Incentives for Enterprises Act (CREATE), which will immediately cut corporate income tax to 25%.
‘Lockdown generation’: Over 1 million youths face job losses
MORE THAN a million young Filipino workers may lose their jobs this year, pushing the youth unemployment rate to nearly 20% as the coronavirus takes its toll on the labor market, the Asian Development Bank (ADB) and the International Labour Organization (ILO) said.
Kingmaker Duterte’s political capital rests on Russian vaccine success
REGINA S. VALDUEZA (not her real name), 24, has been staying at a government quarantine facility near the Philippine capital after she was diagnosed with the coronavirus on Aug. 12.
Remittances from sea-based OFWs seen to remain weak
BANGKO SENTRAL ng Pilipinas Governor Benjamin E. Diokno on Tuesday said inflows from sea-based overseas Filipino workers (OFWs) may remain weak, as the coronavirus pandemic drags on.
Not all priority workers required to undergo swab tests
BUSINESSES are not required to regularly test all workers in government-identified priority industries for the coronavirus disease 2019 (COVID-19), according to a new advisory from the Trade and Labor departments.
Cash remittances rebound in June
By Luz Wendy T. Noble, Reporter
CASH REMITTANCES rebounded in June, as land-based overseas Filipino workers (OFWs) sent more money home as lockdown restrictions eased,...