Dar: Don’t worry, we have enough rice
There is no rice shortage. This was reiterated by Agriculture Secretary William Dar following warnings from industry groups and some lawmakers of an inadequate rice supply, as Luzon remained under…
Spending slows; purchases more on food, health items
The lockdown of Luzon amid the coronavirus (COVID-19) pandemic is likely to take a heavy toll on the consumer and retail sectors, but higher food, beverage and health spending can…
P1.62B raised by private sector for hard-hit families
A fund-raising initiative led by top business groups in cooperation with the Philippine Disaster Resilience Foundation (PDRF) and non-profit Caritas Manila pooled P1.62 billion in cash and in-kind donations for…
COVID19 relief: DOF issues guidelines for loan payment moratorium
The Department of Finance (DOF) on Wednesday (April 1) released the guidelines for the 30-day loan payment moratorium under the Bayanihan to Heal as One Act. The DOF, together with…
Chinabank hikes ATM withdrawal limit to P50,000
Sy family-led China Bank has jacked up its daily automated teller machine (ATM) withdrawal limit to P50,000 from P20,000 to make it easier for customers to have enough cash at…
PH borrowers took more dollar loans in 2019, says BSP
Philippine borrowers took out more dollar-denominated loans from local banks in the fourth quarter of 2019 to meet their rising short term cash needs, according to the Bangko Sentral ng…
Dominguez: Mass COVID-19 tests ‘a must’
President Rodrigo Duterte’s chief economic manager said mass testing for COVID-19 is “a must” if the Philippines wanted the pain inflicted by the disease on both the health care system…
Amid Luzon lockdown, PH manufacturing PMI fell to record-low in March
MANILA, Philippines — The COVID-19 quarantine imposed in Luzon and other parts of the country since mid-March slashed nationwide manufacturing activity last month, leading to a record drop in the…
Asian stocks fall on lagging worries about virus, recession
TOKYO — Asian shares were mixed on Wednesday, on continuing worries about the economic fallout from the pandemic as reports of coronavirus cases keep surging in various regions. A woman…
Manulife boosts benefits for COVID 19-stricken clients
Insurer Manulife Philippines has boosted insurance benefits for eligible clients who may be stricken with the dreaded coronavirus (COVID-19) until the middle of this year without additional premium cost to…