Rice imports to help PH, not hurt local farmers
The country’s grains agency has assured local farmers that the government’s planned importation of rice would not adversely affect their livelihood but instead help the nation as it grapples with…
PH stocks run-up stalls; index down 2.46%
The local stock barometer pulled back on Wednesday as investors pocketed recent gains ahead of the long Lenten holiday break. The main-share Philippine Stock Exchange index (PSEi) gave up 139.18…
Public warned against 5 more investment scammers
The Securities and Exchange Commission (SEC) has flagged five more entities that are illegally soliciting investments from the public, taking advantage of the current coronavirus disease (COVID-19) pandemic to siphon…
Pru Life offers free 45-day insurance to 500K Filipinos
Life insurer Pru Life UK is offering free one-time 45-day coronavirus disease (COVID-19) protection and personal accident coverage to 500,000 Filipinos, aiming to help ease the emotional distress and financial…
Imports slump as pandemic affects trade with China
Imports slid by more than a tenth in February as shipments from China—the Philippines’ top source of foreign-made goods—contracted at the onset of the COVID-19 pandemic. Preliminary figures released by…
BIR: Donations to COVID-19 response tax-deductible
Donations in cash and in kind in response to the COVID-19 pandemic are exempt from donor’s tax and can be deducted from the taxable gross income of companies and individuals.…
Flat growth or 0.8% GDP contraction seen in 2020
The Duterte administration’s chief economic manager on Wednesday said the extension of the enhanced community quarantine in Luzon would result in “zero to possibly negative 0.8-percent” growth in 2020.“Definitely businesses…
NEA backs electric co-ops’ plea for relief
The National Electrification Administration (NEA) is backing an appeal by electric cooperatives for an indefinite extension—indefinitely or until their business operations return to normal—of the deadline for them to pay…
Jumpstarting the economy after a pandemic
The recent coronavirus outbreak has brought uncertainty not just over general public health, but also to the global economy at large. While scientists are racing to find a cure against…
Workers in health maintenance, insurance firms exempted, too, from COVID-19 stay-at-home rule, says IC
Professionals who work for health maintenance organizations (HMO) and insurers providing health products can help in the frontlines against the COVID-19 pandemic and are exempted from the movement restrictions imposed…