Disasters, failure of governance are top risks to business
NATURAL CATASTROPHES and failure of national governance dominate the concerns for business executives in the Philippines this year, according to the World Economic Forum’s (WEF) “Regional Risks for Doing Business 2020” report.
Privatization of government mining assets ‘long overdue’
THE GOVERNMENT’S plan to privatize some of its mining assets is long overdue, and will provide a huge boost to the mining industry amid the pandemic, the Chamber of Mines of the Philippines (COMP) said.
Revival of mining industry pushed
THE Finance department is looking to revive the mining industry through the sale of state mining assets and the passage of a long-awaited tax measure, in order to create jobs and generate revenues amid the economic slowdown.
Uncertainty hounds PHL economic recovery
MOST economies in the Asia Pacific are seeing an early recovery, except for the Philippines and Indonesia which are facing continued uncertainty due to their struggles in containing the coronavirus disease 2019 (COVID-19) pandemic, Moody’s Analytics said.
Companies told to prioritize upskilling of workers
POST-PANDEMIC business measures must prioritize retaining and upskilling employees, government officials said at the online Philippine Business Conference and Expo on Wednesday.
Central bankers say fiscal aid crucial in pandemic battle
TOP United States and European central bankers on Tuesday called for renewed government spending to support families and businesses as the battle against the coronavirus-triggered recession enters a newly critical phase.
Companies’ pandemic pains persist
MOST BUSINESSES in the Philippines continued to feel the pain from the coronavirus disease 2019 (COVID-19) pandemic in July, even as the economy slowly reopened.
Inflation slows in September
INFLATION eased for the second straight month in September to its lowest level in four months on the back of moderating prices in the heavily weighted food and nonalcoholic beverages, the Philippine Statistics Authority (PSA) said on Tuesday.
Manufacturing output slides for 6th straight month in Aug.
THE COUNTRY’S factory output contracted for the sixth straight month, albeit at a slower pace in August, the Philippine Statistics Authority (PSA) said on Tuesday.
Bad loans seen to rise until 2022 — Moody’s
MOODY’S Investors Service expects bad loans to double on average across 14 Asia- Pacific economies, including the Philippines, by 2022 as the coronavirus crisis drags on.
LGUs to absorb NG programs in 2022
FINANCE Secretary Carlos G. Dominguez III on Monday told local government units (LGUs) to prepare to absorb programs of the National Government (NG) in 2022, when the Supreme Court (SC) ruling that expanded their share of internal revenue allotments (IRA) will take effect.
PHL risks getting left behind as internet remains slow, expensive
THE Philippine digital economy may fail to realize its full potential, as digital infrastructure remains weak and internet speeds are among the slowest and most expensive in the world, a report by the World Bank and National Economic and Development Authority (NEDA) showed.