Zobel backs extended lockdown | Inquirer Business
Jaime Augusto Zobel de Ayala Business tycoon Jaime Augusto Zobel de Ayala, chair and chief executive officer of the country’s oldest business house Ayala Corp., expressed full support to the…
Uninterrupted supply chain during COVID-19 lockdown key to keeping inflation low, says DOF
The Department of Finance (DOF) sees inflation further easing in the near term but only if supply chains remained undisrupted by local lockdowns against COVID-19. In an economic bulletin on…
BIR offers incentives to donors for COVID-19 response
MANILA, Philippines — Donations in response to the COVID-19 pandemic will not only be exempt from donor’s tax but also deducted from companies and individuals’ gross income subjected to tax.…
Coronavirus: 195 million workers’ worth of labor to be wiped out from April to June, says ILO
A worker wearing protective gear disinfects a traditional market in Indonesia on March 25, 2020. PHOTO: AFP BANGKOK – The coronavirus pandemic is expected to wipe out labor equivalent to…
Improved second quarter outlook shortlived as PH firms turn bearish for rest of 2020
Philippine businesses are more optimistic about the second quarter of 2020 after a challenging first three months which saw the country plunged into the COVID-19 pandemic along with the rest…
PH imports slide down in February as COVID-19 creeps into China trade
Imports slid by over 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. Initial figures released by the…
Prolonged COVID-19 lockdown fallout: Zero or negative growth, says Dominguez
The Duterte administration’s chief economic manager on Wednesday (April 8) said the extension of the enhanced community quarantine in Luzon will result in “zero to possibly negative 0.8-percent” Philippine economic…
COVID-19 funds: PH eyes $5.7B in foreign loans, supplemental budget
More than P288 billion in loans from multilateral lenders in the pipeline on top of a supplemental 2020 budget to be requested from Congress will boost the Philippines’ war chest…
Rizal Memorial Stadium ready to accept initial 116 COVID-19 patients
Rizal Memorial Stadium retrofitted by tycoon Ricky Razon into a temporary COVID-19 treatment facility The group of tycoon Enrique Razon Jr. has completed the first phase conversion of the Rizal…
Asian shares mostly lower on worries about pandemic damage
TOKYO — Asian shares were mostly lower, gyrating in early Wednesday trading amid uncertainty over the coronavirus outbreak, which continues to claim more lives around the world. A man looks…