Internet usage surges as people stay home
The use of Wi-Fi networks across the Philippines surged higher as people are confined to their homes amid the Luzon enhanced community quarantine that started in the middle of March…
Fate of 420,000 workers on the line amid PH airline industry’s grounding
Close to 420,000 jobs in the Philippines are at risk even if demand for flying—now largely decimated by the new coronavirus disease (COVID-19)—starts to recover in the second half of…
Market slightly up in thin trade
The local stock barometer inched up due to last-minute buying in thin trade on Friday as investors across the region remained largely jittery on the coronavirus disease (COVID-19) pandemic. The…
Comply with Bayanihan Act, SEC tells financing firms
The Securities and Exchange Commission (SEC) has urged lending and financing companies to comply with the Bayanihan to Heal As One Act, which makes a nationwide 30-day moratorium on loan…
Gov’t allots P 1-B loan fund for agri-fishery SMEs
The Department of Agriculture (DA) has approved an initial P1-billion loan assistance for the use of marginal farmers and fisherfolk as well as agri-fishery micro and small enterprises (MSEs) to…
LGUs give taxpayers grace period as part of quarantine efforts
Two provinces and 14 cities have so far extended the deadline for the payment of local taxes. The Department of Finance’s Bureau of Local Government Finance (BLGF) said it was…
PH eyes AIIB’s $5-B ‘recovery’ financing facility
The Philippines is interested in the Asian Infrastructure Investment Bank’s (AIIB) proposed $5-billion COVID-19 crisis recovery financing, Finance Secretary Carlos G. Dominguez III said Friday. The Beijing-based multilateral lender said…
IMI suspends Mexico operations | Inquirer Business
Ayala-led electronics manufacturing service provider Integrated Micro-Electronics Inc. (IMI) has suspended operations in Mexico in line with measures adopted by the government to curb the coronavirus disease (COVID-19) pandemic. Mexico—which…
ADB warns PH against prolonged lockdown
If the Philippines can contain its local COVID-19 outbreak by midyear, the economy will still grow by a slower 2 percent in 2020, the Asian Development Bank (ADB) said Friday.…
P100M for PPE, front-liners | Inquirer Business
The Zuellig Family Foundation (ZFF) has allocated P100 million to help the Philippine government respond to the coronavirus disease (COVID-19) pandemic. According to a ZFF statement, P40 million will be…