Frontliners leaving home and family to serve amid the COVID-19 pandemic
A family for Filipinos means the world. The welfare of a wife, child, father, mother, brother or sister is paramount in any Filipino’s mind, a gritty yet devoted few would…
P1.3-T post pandemic stimulus package eyed
The House of Representatives is preparing a measure that seeks to allot some P1.3 trillion as economic stimulus to help the economy recover from the impact of the coronavirus pandemic.…
PH banks now free to assume more dollar risk
The central bank has eased a rule that previously required financial institutions to hold a 100-percent buffer of assets for their foreign currency liabilities on a daily basis, saying that…
PH export, import growth goals slashed
With global demand and supply constrained by the COVID-19 pandemic, the government economic team has slashed the country’s external trade growth targets even as it expects domestic inflation to settle…
PSEi posts slight gain as market cheers improvement in oil prices
The local stock barometer firmed up for the first time this week on Thursday as global markets welcomed a nascent recovery in global oil prices. The main-share Philippine Stock Exchange…
SEC orders shutdown of 4 online lending ventures
The Securities and Exchange Commission (SEC) has ordered the shutdown of four online lending platforms that had been operating without the proper permits, imposing “unreasonable” terms and using “abusive” practices.…
IC gives life insurers more time to sell online amid COVID-19 crisis
MANILA, Philippines — In light of the two-week extension of the ongoing enhanced community quarantine until April 30, the Insurance Commission (IC) has given life insurers more time to sell…
European economies on course for unprecedented recession
A man walks along an empty street in downtown Barcelona, Spain, Monday, April 20, 2020, as the lockdown to combat the spread of coronavirus continues. (AP Photo/Emilio Morenatti) LONDON —…
DBM orders belt-tightening to preserve funds for COVID-19 fight
To ensure that the government won’t run short of funds to fight COVID-19, the Department of Budget and Management (DBM) has ordered agencies to tighten their belts and defer non-essential…
UK think tank: PH infra growth ‘slow’ as DPWH, DOTr can’t fully spend budgets
The Philippines stood to gain much from its ambitious infrastructure spending spree but rollout of projects so far had been “slow” as implementing agencies struggled to spend bigger budgets, UK-based…