WB sees PH poverty worsening in COVID-19 recession
Recession in the Philippines was likely to lead to worsening poverty and a delay by two years in the country’s bid to become an upper middle class country, according to…
France announces $16.9B in aid to aviation industry
In this June 18, 2019 file photo, an Airbus A330 performs a demonstration flight at Paris Air Show, in Le Bourget, northeast of Paris. France’s government has announced 15 billion…
Cathay Pacific unveils $5B bailout plan
HONG KONG — Hong Kong airline Cathay Pacific announced a HK$39 billion ($5 billion) government-led bailout plan on Tuesday as it battles a crippling downturn caused by the coronavirus. Like…
PH’s COVID-19 loans, grants hit $6.508 billion
MANILA, Philippines — The loans and grants secured by the Philippines to finance COVID-19 response climbed to $6.508 billion (over P325 billion) to date after it signed a $750-million loan…
BSP to increase liquidity mop ups as PH financial system gradually normalizes
The central bank will start increasing to pre-lockdown levels the volume of its weekly borrowing activities, which are meant to regulate the liquidity in the local financial system by temporarily…
Four decades of catching and canning: The secret to Mega Global’s success
Innovation leads to progress. Coupled with fierce determination, hard work, and the Filipino virtue of malasakit throughout its 45-year history, Mega Global has managed to overcome the ups and downs…
SSS members who lost jobs can get up to P20,000 aid
MANILA, Philippines — Contributing members of the Social Security System (SSS) who lost their jobs due to the COVID-19 pandemic can get as much as P20,000 in cash benefit. SSS…
Bureau of the Treasury sells P30B in T-bonds
MANILA, Philippines — Investors continued to snap up government securities, allowing the Bureau of the Treasury to sell all P30 billion in reissued three-year T-bonds it offered on Tuesday. In…
Increased activism of business groups
The country’s prestigious business organizations are sending notice to the government on their concerns about the way it is handling some public issues. On June 1, business groups consisting of,…
‘Sin’ tax collections slumped in May
Collections from “sin” taxes continued to slide in May amid the liquor ban and restricted deliveries of cigarettes during the extended COVID-19 quarantine. Finance Secretary Carlos G. Dominguez III on…