BSP chief sees room to further cut rates
THE central bank has ample space to further cut interest rates, as it seeks to shield the economy from the coronavirus disease 2019 (COVID-19)...
NEDA preparing post-coronavirus pandemic policies
THE National Economic and Development Authority (NEDA) is preparing economic policies to help the country navigate the "new normal" once the coronavirus disease 2019...
Food companies have 7 days to remove cargo from ports
CARGO owners, which include major food companies, now have seven days to withdraw reefers from Manila's congested ports before these are forfeited in favor...
PHL slowdown this year, but recovery likely in 2021 — ADB
THE Philippine economy is seen to significantly slow down this year, as the coronavirus (COVID-19) pandemic dampens domestic consumption and growth in trade and tourism, the Asian Development Bank (ADB) said on Friday.
‘Overstaying’ cargoes face forfeiture by gov’t
THE government is ordering cargo owners to remove their “overstaying” container vans from the congested Manila ports within five to seven days or these may be forfeited.
PHL eyes AIIB’s crisis recovery facility
Beijing-backed Asian Infrastructure Investment Bank (AIIB) said on Friday it was proposing to its board to form a $5 billion financing facility to help public and private sector entities navigate the coronavirus pandemic.
Global cost of coronavirus may hit $4.1 trillion, ADB says
THE cost of the coronavirus pandemic could be as high as $4.1 trillion, or almost 5% of global gross domestic product, depending on the disease’s spread through Europe, the U.S. and other major economies, the Asian Development Bank said.
Inflation likely eased further in March
INFLATION likely eased further in March as the plunge in oil prices was seen to offset a slight uptick in food prices due to a spike in demand caused by the enhanced community quarantine (ECQ) in Luzon.
PHL rules out tapping global bond market
THE government probably won’t tap global bond markets to fund its anti-coronavirus disease 2019 (COVID-19) response, National Treasurer Rosalia V. de Leon said on Thursday, citing ample liquidity supply in the local market.
Rules on tax deadline extensions released
THE Bureau of Internal Revenue (BIR) extended the deadline for the filing of all tax returns, tax payments and submission of documents as the country remains under a state of national emergency due to the coronavirus outbreak.
Gov’t urged to throw lifeline to MSMEs
FINANCIAL support for micro, small and medium enterprises (MSMEs) should be a government priority, especially after the enhanced community quarantine (ECQ) is lifted or modified, several business groups said.
Factory activity plunges to record low
FACTORY ACTIVITY slumped to a record low in March, snapping a 43-month growth streak, as the Luzon-wide lockdown due to the coronavirus disease 2019 (COVID-19) pandemic brought factories to a halt.