Neda chief sees 15-yr-high jobless rate amid recession
The Philippines’ jobless rate may hit double digits and rise to a 15-year high amid an ongoing recession, the country’s chief economist said on Friday (May 15). Asked in an…
Stable PH credit rating amid COVID-19 menace ‘positive development,’ says BSP chief
The decision of credit watcher Moody’s Investor Service to maintain the Philippines’ debt rating and outlook is a positive development given the economic malaise that is spreading around the world…
BSP chief pushes for COVID-19 emergency work program to boost economy
Government decision makers should orient their policies toward securing the public health and the economic wellbeing of Filipinos and postpone the ambition of improving the country’s debt rating for a…
Yazaki-Torres chief Feliciano Torres, 80, passes away
MANILA, Philippines — Feliciano Torres, president of Calamba, Laguna-based auto parts manufacturer and leading wiring harness exporter Yazaki-Torres Manufacturer Inc., passed away on Saturday due to multiple organ failure leading…
How many POGOs have unpaid taxes? ‘Marami, halos lahat,’ says BIR chief
MANILA, Philippines — While the government has already required Philippine offshore gaming operators (POGOs) to first pay all of their tax dues before resuming operations during quarantine, compliance to the…
Neda chief: Pandemic to cost PH economy P1.1T in 2020
The Philippine economy can still crawl its way to positive growth in the first quarter of 2020 but will suffer up to P1.1 trillion in revenue loss the entire year…
BSP chief predicts recession, followed by Q4 recovery and strong 2021
MANILA, Philippines – The Philippines’ top monetary manager expects the local economy the enter a recession over the next six months before recovering in the fourth quarter, and entering an…
Acting Neda chief gets list of priorities from Duterte: National ID on top
Acting Socioeconomic Planning Secretary Karl Kendrick Chua would have a full plate after President Rodrigo Duterte listed at least three priorities of the National Economic and Development Authority (Neda) after…
Tourism chief outlines aid package for pandemic-battered PH travel industry
The Department of Tourism is doing everything within its mandate to aid stakeholders in the country’s travel and leisure industry in light of the coronavirus pandemic, Tourism Secretary Bernadette Romulo-Puyat…
Jomar Ang, son of SMC chief, passes away at 26
Jomar Ang—son of San Miguel Corp. president Ramon Ang—died last Saturday (April 11) in the morning after suffering a serious injury for which he was rushed to hospital in critical…