SEC continues online company registration

April 02, 2020
The Securities and Exchange Commission continues to accept applications for registration of corporations and partnerships online, with at least 2,500 applications processed while Luzon and other regions undergo enhanced community quarantine to contain the coronavirus disease 2019 ) pandemic.

Standard Chartered launches $50-M Covid-19 aid fund

April 02, 2020
On March 30, Standard Chartered announced it is committing up to $1 billion of loans, import/export financing and working capital, at preferential rates, for companies providing goods and services to help in the fight against Covid-19, and support those redeploying production resources to help fight the pandemic.

No letup in drive vs. hoarders, profiteers

April 01, 2020
The Department of Trade and Industry, along with the National Bureau of Investigation and the  National Police-Criminal Investigation and Detection Group, seized over P15 million worth of alcohol, hand sanitizers, face masks, and thermal scanners in separate operations across the country.

BSP eyes 2%-2.8% March inflation

April 01, 2020
The Bangko forecasts a generally slower inflation rate for March 2020 of betweentwo percent   to 2.8 percent, from February’s 2.6 percent, partly due to lower petroleum prices in the international market.

Bankers vow continued services, reasonable lending rates

March 31, 2020
The Bankers Association of the Philippines has urged its members to continue providing necessary services to the public and maintain reasonable lending rates as the island of Luzon and other areas are put under enhanced community quarantine to deter the further spread of the coronavirus disease.

ANZR: More monetary easing to lick  pandemic

March 31, 2020
This, as the economic and financial markets research arm of Melbourne-headquartered Australia and New Zealand Banking Group Ltd. sees a big drop in the Philippine economic growth this year to only 1.2 percent because of the impact of the global pandemic.

SSS suspends confirmation of pensioners, UMID applications

March 30, 2020
"In this time of crisis, the importance of providing our pensioners with the SSS pension they can rely on and ensuring their health and safety overshadows the need for their timely compliance with the ACOP requirement," SSS President and Chief Executive Officer Aurora C. Ignacio said in a statement.

SMC waives toll fees for medical front liners

March 30, 2020
Through its SMC Infrastructure, the company said the following toll roads would be free of toll for all health care professionals for the duration of the enhanced community quarantine: STAR Tollway, South Luzon Expressway, Skyway, NAIAX, and the Tarlac-Pangasinan-La Union Expressway.

Online GSIS, Pag-IBIG loan applications

March 30, 2020
During the “Laging Handa” public briefing, GSIS General Manager Rolando Macasaet said the state pension fund for government workers is now accepting online loan applications for consolidated loans  amid the implementation of the Luzon-wide enhanced community quarantine.

Addressing socio-economic effects of Covid-19

March 30, 2020
The Duterte administration is implementing a three-pronged strategy to mitigate the social and economic impact of the current global health crisis anchored on providing emergency aid to marginalized and other vulnerable sectors, protecting health workers while boosting their capability to defeat the coronavirus pandemic, and keeping the economy afloat, Finance Sec. Carlos Dominguez III has said.