Credit cards face adversity in country where cash is king
MA. VICTORIA M. DIOQUINO, 33, switched to using electronic wallets a year ago to pay her electricity and phone bills.
Measure amending AMLA still being drafted at Senate
THE HEAD of the Senate economic affairs committee is still drafting a measure that seeks to strengthen the Anti-Money Laundering Act (AMLA), as Congress faces pressure to pass the bill before October to help the country avoid sanctions by the global anti-money laundering watchdog.
PHL may face up to $1.9B in GDP loss — ADB
THE Philippines may lose up to $1.939 billion in gross domestic product (GDP) due to the coronavirus disease (COVID-19) outbreak, the Asian Development Bank (ADB) said on Friday.
Philippine dollar reserves inch up in February
THE COUNTRY’S dollar reserves inched up in February, driven by inflows from the government’s net foreign currency deposits and the central bank’s foreign exchange operations.
WTO suspends consideration of PHL retaliation vs Thailand
THE World Trade Organization (WTO) suspended consideration of Philippine retaliation against Thailand in a 12-year trade dispute.
Inflation slows down in February
THE GENERAL INCREASE in the prices of widely used goods and services eased in February due to slower price adjustments in the heavily weighted food and non-alcoholic beverages and select nonfood commodities, the Philippine Statistics Authority (PSA) reported, lending support to the possibility of the central bank to cut policy rates soon.
January finds better quality of jobs although unemployed ranks grow
LATEST official labor data showed the ranks of Filipinos wanting more work to augment income declined in January, although those that were left without jobs increased, data from the government’s statistical agency showed.
No off-cycle rate cut, says Diokno
BANGKO SENTRAL ng Pilipinas (BSP) Governor Benjamin E. Diokno said they will not go for an off-cycle rate cut following the US Federal Reserve’s surprise move to ease as part of efforts to boost the economy amid risks of a slowdown due to the coronavirus disease 2019 (COVID-19) outbreak.
House OK’s lower capital requirement for foreign retailers
A PRIORITY MEASURE that aims to further open up the retail sector to foreign companies was approved on second reading at the House of Representatives on Wednesday.
DoT maps counter-virus measures
THE Department of Tourism (DoT) is allocating P6 billion to help the domestic tourism industry weather the fallout from the coronavirus disease 2019 (COVID-19) outbreak.
DoF mulls availing of WB loan to fund efforts vs coronavirus
THE government is considering availing a loan package from multilateral lenders to fund efforts to contain the spread of coronavirus disease 2019 (COVID-19) within the country.
‘Total fail’: How communication breakdown broke Ballet Philippines’ leg
IF the Ballet Philippines (BP) controversy was used as a case study in change management, a professor at the Ateneo de Manila University in Quezon City would have given its board an F.