COVID-19 impact: Production in factories down in March
Factory production declined in March as supposedly nonessential manufacturing ground to a halt at the start of a lockdown meant to stop transmission of SARS Cov2, the virus that causes…
NTC exec says cease order vs ABS-CBN a first
The Duterte administration’s order for ABS-CBN Corp., the country’s largest television network, to stop broadcast operations over an expired franchise might be a first. National Telecommunications Commission (NTC) deputy commissioner…
As car dealerships reopen, how will they adapt post-quarantine?
The Lexus range of SUVs. Image: Courtesy of Lexus via AFP Relaxnews With the end of lockdown on the horizon in many countries, automobile dealerships will soon be reopening their…
Dominguez: Only health, tax-compliant Pogos to resume operations
President Rodrigo Duterte’s chief economic manager on Tuesday (May 5) reiterated that only registered and tax-complaint Philippine offshore gaming operators (Pogos) can resume operations during quarantine as the government seeks…
State firms give P129B for COVID-19 response
State-run corporations have remitted P129.45 billion to the Bureau of the Treasury as of last week to help finance the government’s huge funding needs in addressing the socioeconomic impact of…
COVID-19 impact: Gov’t to review Build, Build, Build project list
The Philippines’ ambitious “Build, Build, Build” infrastructure program is again undergoing a review to give priority to projects that would have the biggest impact on reviving an economy reeling from…
BSP eases rules to encourage bank lending to small firms
The central bank on Tuesday (May 5) rolled out new measures to encourage a steady flow of credit to small firms—many of which have been hit severely by the ongoing…
More room for BSP’s economic boosters confirmed by benign April inflation
The central bank on Tuesday (May 5) said it has space to roll out additional measures to support the Philippine economy thanks to a benign price environment highlighted by the…
P15B added to PH local IOU as UK think tank sees no debt crisis
A five-month record low inflation in April allowed the Bureau of the Treasury to award P15 billion in 35-day T-bills at a lower rate on Tuesday (May 5). It helped…
Duterte’s peace offering to Zobels, Pangilinan boosts PSEi
President Rodrigo Roa Duterte ROBINSON NIÑAL JR./PRESIDENTIAL PHOTO The local stock barometer outperformed regional markets on Tuesday as Pres. Rodrigo Duterte’s peace offering to the Ayala and Metro Pacific groups…