Coronavirus pandemic pushes businesses to rethink long-term strategies
BUSINESS LEADERS are looking at long-term strategies, such as public-private collaborations and new product development, to ensure recovery and build resilience amid the pandemic.
DBM to submit 2021 national budget to Congress in Aug.
THE Department of Budget and Management (DBM) is expected to submit the proposed national budget for 2021 to Congress in August.
Philippines faces bumpy economic recovery
By Luz Wendy T. Noble and Beatrice M. Laforga, Reporters
The Philippine economy could shrink by as much as 3.1% this year after months of...
Zero interest rate policy unlikely, says BSP chief
The Philippine central bank is not inclined to adopt a zero interest rate policy as the government eases lockdown restrictions during the pandemic, Governor...
Business groups ask Duterte to push economic measures
Business groups on Friday asked the government of President Rodrigo R. Duterte to push legislation that will ensure economic recovery and the survival of...
ADB to lend record $4.2B to PHL
THE Asian Development Bank (ADB) is extending a record $4.2 billion in loans to the Philippines this year, with projects to improve the healthcare system amid the pandemic and the construction of a pedestrian walkway along Metro Manila’s main thoroughfare still awaiting approval.
Gov’t seeks to fast track rollout of common towers
THE government is targeting to hasten the construction of new common cell towers in the country by reducing the number of required permits.
Business group seeks further lockdown easing in ‘main economic centers’
THE Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF) should further ease quarantine restrictions “in all main economic centers” in the country to drive recovery, the Federation of Philippine Industries (FPI) said.
Sale of RTBs reaches new high
SALES of the five-year retail Treasury bonds (RTBs) reached a record high one week into the offer period, amid robust demand for government securities.
Business, education groups support August school reopening
SEVERAL business and education groups are urging the government to reopen schools on Aug. 24 as recommended by the Department of Education (DepEd).
Budget gap swells to P560B in 1st half
THE National Government’s budget deficit ballooned to P560.4 billion in the first half of 2020, as pandemic-related expenses surged amid a decline in tax collections, the Treasury said.
Foreign direct investments plunge in April
FOREIGN INVESTMENTS to the Philippines plunged to an 11-month low in April, as the coronavirus pandemic prompted lockdowns that disrupted economic activity around the world.