UK Treasury chief warns of depth of recession
Britain’s Chancellor of the Exchequer Rishi Sunak visits the Worcester Bosch factory to promote the initiative, Plan for Jobs, in Worcester, England, Thursday, July 9, 2020. (Phil Noble/Pool via AP)…
BSP chief: COVID-19 pandemic shows ‘increasing importance’ of digital transactions
MANILA, Philippines — The ongoing COVID-19 pandemic highlighted the “increasing importance” of digital transactions in the country, Bangko Sentral ng Pilipinas (BSP) Governor Ben Diokno said Wednesday. In a pre-State…
San Miguel chief: “Feed the hungry, take care of the sick.”
Ramon S. Ang (File photo by LEO M. SABANGAN II / Philippine Daily Inquirer) Consumer giant San Miguel Food and Beverage (SMFB) has rolled out the single-largest local corporate food…
Registering online stores with BIR has perks, says Finance chief
The government on Saturday shifted its approach toward online sellers not yet registered with the Bureau of Internal Revenue (BIR). From outright insistence, it now offers them enticements like financial…
As pandemic hits dollar inflow, BSP chief says PH can benefit from investment shifts
The country’s top monetary authority is reexamining its forecasts for the movement of foreign funds into or out of the country this year — a key determinant of the peso’s…
BSP chief says health, ICT, agri, labor reforms ‘imperative’ in post-pandemic economy
The Philippines needs to make several key “structural reform initiatives” to prepare the economy for the post-pandemic environment that will look very different from what it was less than three…
BSP chief: Fintechs should play bigger role in post-pandemic PH economy
The central bank wants local financial technology (fintech) firms to play a bigger role in the new economy that will emerge from the coronavirus pandemic to include lending money on…
BSP chief on IMF emergency loan: ‘Thanks, but no thanks’
Thanks, but no thanks. This was the stance of the country’s top monetary manager to an emergency cash facility that the International Monetary Fund (IMF) made available to its member-nations…
Asian stocks rise after Fed chief optimistic about recovery
BEIJING — Asian stock markets rose Monday after the chief U.S. central banker expressed optimism the the American economy might start to recover this year from the coronavirus pandemic. A…
MECQ dilemma: No ride going to work? Employees risk losing job, says DTI chief
MANILA, Philippines — Refusing to report to work despite the lack of mass transportation or company shuttles might reflect badly on workers, said Trade and Industry Secretary Ramon Lopez, leaving…