Stimulus bill calls for P20B to test 20M Filipinos
The economic stimulus bill filed in Congress includes an allocation of P20 billion for mass testing for COVID-19 in metropolitan areas, but the passage of the bill has been slow…
UBX, Lazada team up on SME lending program
UBX, the fintech arm of Union Bank of the Philippines, has teamed up with e-commerce platform Lazada to offer credit lifeline to micro, small and medium enterprises (MSMEs) grappling with…
GSIS extends ‘proof of life’ deadline for 2nd time until June 30
The Government Service Insurance System (GSIS) has further extended to June 30 the last day for pensioners born in the months of March to May to present “proof of life”…
Economic team slashes 2020 infra budget
MANILA, Philippines — The economic team has slashed the amount set aside to build infrastructure this year even as total expenditures on public goods and services were jacked up to…
IMI to manufacture low-cost ventilators for COVID-19 patients
a prototype of the Ventura CPAP device solution that IMI will produce in the Philippines Ayala-led Integrated Micro-Electronics Inc. (IMI) seeks to bring down the cost of nursing coronavirus (COVID-19)-afflicted…
IC raises ceiling for insurers’ financial assistance to employees
The Insurance Commission (IC) has provided additional regulatory relief amid the COVID-19 crisis, this time allowing insurers to set aside a bigger chunk of their net worth for loans and…
DOF warns about cryptocurrency scam
MANILA, Philippines — Contrary to “fake news” spreading around which even name-dropped President Rodrigo Duterte, the Philippine government is not enjoining all Filipino citizens to invest in cryptocurrencies, the Department…
PAL completes ‘gold standard’ in flight safety audit
The Philippine Airlines group announced the completion of a crucial safety audit by the International Air Transport Association (IATA). Known as the IATA Operational Safety Audit (IOSA), the exercise is…
DOF looks at digital services tax to capture unpaid VAT
Proposals to tax digital services to plug leaks in unpaid 12 percent VAT by some online businesses has caught the attention of the Department of Finance (DOF) which is now…
BSP chief on IMF emergency loan: ‘Thanks, but no thanks’
Thanks, but no thanks. This was the stance of the country’s top monetary manager to an emergency cash facility that the International Monetary Fund (IMF) made available to its member-nations…