House Ways and Means Chair Joey Sarte Salceda said the P1.3-trillion Accelerated Recovery and Investment Stimulus for the Economy bill integrates all the proposed measures into “one big punch” to strengthen the fight against the 2019 coronavirus disease crisis and its perverse economic impacts on ordinary people.  

The global pandemic is expected to hit foreign direct investments, but the country stands to benefit from redirection or redistribution of FDI flows, Bangko Sentral Gov. Benjamin Diokno said.

Vista Land & Lifescapes, Inc., one of the country’s leading integrated property developers, generated a net income of P11.6 billion in 2019, up by 10 percent from P10.5 billion the previous year, driven by the strong performance of its commercial assets and sustained contribution from its residential business. 

Higher domestic oil prices and uptick in the price of several agricultural products due to Typhoon Ambo (Vongfong) are seen to affect the Philippines' May 2020 inflation rate, which is projected to range between 1.9 percent-2.7 percent.

Loans for production activities continued to be driven by lending to key sectors such as real estate activities; financial and insurance activities; wholesale and retail trade, repair of motor vehicles; electricity, gas, steam and air conditioning supply; and information and communication.

Presidential Adviser for Flagship Programs and Projects Vivencio Dizon said the government would deliver infrastructure projects under the “Build, Build, Build” program, which are targeted for completion in 2020 and 2021 despite the coronavirus disease 2019 crisis.

Philippine Chamber of Commerce and Industry president Benedicto Yujuico has called on Congress to pass the Corporate Recovery and Tax Incentives for Enterprises bill before sessions go on recess next week.

BdO Unibank strongly supports the call of the Bangko Sentral to stay vigilant against scammers who have devised a new modus operandi of offering a huge amount of money to people who will lend their bank accounts.

The House Defeat Covid-19 Committee has approved a measure proposing a PHP1.5-trillion plan to build infrastructure over the next three years to reduce the impact of an economic downturn and the possibility of unemployment amid the coronavirus disease  crisis.

The government and the private sector would need to work together to develop and promote "health resiliency," to invest in science, and to collaborate on amending or introducing new legislation to help the country adapt to the "new normal".

The Department of Agriculture has created "integrity circles," dubbed as “Agriculture Dialogue and Information Network Groups” to ensure efficient, effective, and graft-free use of limited public funds.

Centro Manufacturing Corp., a truck body builder, is now producing dividers for public utility vehicles to help prevent the spread of the coronavirus disease 2019 in public transportation.

A bill seeking to strengthen the resiliency of the country’s financial industry has gained traction with its second reading approval in the House of Representatives.

Emperador Inc., the world’s largest brandy company, registered revenues of P51.6 billion in 2019, up 10 percent compared to the previous year. 

Passage of the proposed Corporate Recovery and Tax Incentives for Enterprises Act bill until the Senate’s session on June 3 would benefit the business sector starting July 1.