BSP: P40.6B in loans granted to MSMEs during ECQ
MANILA, Philippines — Banks have granted a total of P40.6 billion in loans to help micro, small and medium enterprises (MSMEs) largely affected by the government’s imposition of enhanced community…
ECQ impact on economy ‘more severe than expected’
The Philippines is bracing for a worse-than-expected drop in gross domestic product (GDP) in the second quarter as the country’s chief economist on Friday said the COVID-19 lockdown inflicted more…
Neda chief Chua: ECQ impact on economy ‘more severe than expected’
The Philippines is bracing for an even worse-than-expected drop in the gross domestic product (GDP) in the second quarter as the country’s chief economist on Friday said the COVID-19 lockdown…
For areas to go back to ECQ is not wise, bad for business — Palace adviser
MANILA, Philippines — It is not wise to place some areas in the country under a strict enhanced community quarantine (ECQ) as it would shut down businesses that already took…
CLI sees robust housing sales despite ECQ
CLI founder, president and CEO Jose Soberano with wife Marose (EVP and treasurer) and son Franco (SVP and COO) Despite the coronavirus (COVID-19) pandemic and consequent lockdown protocols, property developer…
Amid ECQ, ‘record-high’ unemployment rate of 17.7% posted in April
MANILA, Philippines — The jobless rate climbed to a “record-high” of 17.7 percent at the height of the COVID-19 lockdown in April, the government reported Friday. Citing the preliminary results…
Bitter mix: Liquor bans, ECQ bring sin taxes down by nearly 100 percent
Amid a liquor ban in many areas and restricted deliveries of cigarettes during the enhanced community quarantine (ECQ), the government collected only about P200 million in sin taxes from tobacco…
45-day ECQ cost PH economy P1.1 trillion, says Neda
The Philippine economy lost an estimated P1 trillion in the agriculture, industry and services sectors during the first 45 days of COVID-19 lockdowns, according to the state planning agency National…
BSP: No interest on loans during ECQ, MECQ period
The Bangko Sentral ng Pilipinas (BSP) on Thursday reminded lending institutions that they are prohibited from charging interest on interest, fees and charges—such as late payment fees—on all loan payments…
COVID-19 impact: ECQ limits gov’t spending, narrows first quarter budget deficit to P74B
The budget deficit narrowed to P74 billion at the end of the first quarter, partly as the national government spent less than the three-month expenditures program due to the COVID-19…