WB approves $500-M loan for PHL disaster, COVID-19 response
The World Bank Group has approved a $500 million (around P25 billion) loan for the Philippine government to strengthen its national disaster response capacity,...
Meralco rate rises in April
By Adam J. Ang
Consumers in Metro Manila will likely see an increase in their electricity bills in April with a typical households set to...
Trade gap narrows in February on weaker imports
THE country's trade-in-goods deficit narrowed in February as imports declined while exports grew, the Philippine Statistics Authority (PSA) reported on Wednesday.
Import payments declined 11.6%...
PHL’s virus response hits over P1 trillion so far
By Beatrice M. Laforga, Reporter
THE Philippine government has set aside $23 billion (P1.165 trillion) so far for its battle against the coronavirus disease...
Business sentiment slumps amid pandemic
BUSINESS confidence slumped in the first quarter, amid economic disruptions caused by the Taal Volcano eruption and the coronavirus disease 2019 (COVID-19) pandemic, a...
Luzon-wide lockdown extended until end-April
By Jenina P. Ibañez and Luz Wendy T. Noble, Reporters
THE Philippine government on Tuesday announced the extension of the lockdown on Luzon island until...
Inflation slows in March
THE overall rise in prices of widely used goods and services eased in March, the Philippine Statistics Authority (PSA) reported on Tuesday.
March saw headline...
Factory output rebounds in February
By Marissa Mae M. Ramos, Researcher
FACTORY production rebounded in February, rising at its fastest pace in 18 months, the Philippine Statistics Authority (PSA) reported...
Duterte inclined to extend Luzon lockdown
President Rodrigo R. Duterte on Monday evening said he is inclined to extend the enhanced community quarantine (ECQ) in Luzon until April 30.
"We have...
Fiscal balance swings back to deficit in February
THE national government's fiscal balance swung back to a deficit in February, with the gap seen to further widen in the coming months as...
Landlords cannot evict tenants amid coronavirus crisis — DTI
LANDLORDS and lessors are not allowed to evict their tenants, particularly small businesses, who are unable to pay either residential or commercial rent within...
COVID-19 to push PHL into ‘mild recession’
THE Philippine economy is seen to enter a "mild recession" and post a less than 0.5% contraction for the full year, as the coronavirus...