Strong fundamentals can address Covid-19 challenge

March 27, 2020
The government’s budget deficit and spending would  exceed the program this year because of the need to address the impact of the coronavirus disease 2019, but Finance Sec. Carlos Dominguez said domestic fundamentals remain strong and can address this challenge.

Brace for 18-mo. pause, biz urged

March 26, 2020
Businesses are urged to prepare for 18 months of disruption in operation amid the coronavirus disease 2019  pandemic, PSA Philippines Consultancy Inc. Director for business intelligence Greg Wyatt said.

More BSP easing to buoy growth

March 25, 2020
In a report dated March 19, the economic and financial markets research arm of Melbourne-headquartered Australia and New Zealand Banking Group Ltd. said the coronavirus disease  global pandemic is “an imminent threat to growth prospects both domestically and abroad.”

Delays in supply delivery worry Butuan biz group

March 25, 2020
“Our coordination with the DTI (Department of Trade and Industry) and other concerned agencies are through the online portals that they provided us. We also coordinate with the Department of Health (DOH) for the products that are under their jurisdiction. These agencies are open and the problems we refer to them are also channeled to different committees and to the LGUs,” he added.

Business groups raise P1.5B to help Metro’s urban poor under “Project Ugnayan” initiative

March 23, 2020
The business groups supporting Project Ugnayan are (in alphabetical order): Aboitiz Group, ABS-CBN/Lopez Group, Alliance Global/Megaworld, AY Foundation and RCBC, Ayala Corporation, Bench/Suyen Corp., Century Pacific, Concepcion Industrial Corp, DMCI, Gokongwei Group of Companies/Robinsons Retail Holdings, ICTSI, Jollibee, Leonio Group, Mercury Drug, Metrobank/GT Capital, Nutri-Asia, Oishi/Liwayway Marketing Group, PLDT/Metro Pacific Investments Corporation, Puregold, San Miguel Corporation, and SM/BDO, Sunlife of Canada.

More fiscal measures to cushion Covid-19 impact

March 22, 2020
n a research not, ING senior economist Nicholas Mapa said the 50-basis-point slash in the BSP’s key rates would be a “great help” to lift the domestic economy as more challenges come out given the global pandemic caused by the coronavirus disease 2019.

Economic recovery seen after Covid-19

March 20, 2020
“Initially, NEDA (National Economic and Development Authority) has the computation that the impact would be one-percentage point but now, things are different. We will have to make another computation because of the enhanced community quarantine. So it’s a different situation now,” he said.

SMC deploys food donations to LGUs, hospitals

March 20, 2020
On the first day of implementation of the enhanced community quarantine implemented by the government, SMC president and chief operating officer Ramon Ang said: “Today, we started delivering on our commitment to extend help to our local government units, as we collectively fight the spread of the virus. We will continue to do is in the next coming days."