Economy picks up as local biz adapts to new normal

July 19, 2020
"The critical point in our recovery was when we emerged from enhance community quarantine and transitioned to general community quarantine  in May. As public transport returned, many businesses decided to safely open while observing precautions as their employees could report for work, and businesses started adapting and doing more deliveries, going online and catering to more customers, for example," DCCCII said in a statement signed by its president, John Carlo Tria.

P3.4-B EU grant boosts M’danao dev't

July 19, 2020
MANILA – Mindanao’s farm productivity and strengthening of institutions in the Bangsamoro Autonomous Region in Muslim Mindanao got a further boost through P3.4 billion (60.5 million euros) worth of grants from the European Union.

Piracy tops IP violations in

July 19, 2020
In a speech delivered during a webinar organized by the Philippine Chamber of Commerce and Industry, Barba said the Intellectual Property Rights Enforcement Office  recorded 67 reports and complaints on intellectual property rights violations from March to June, the first few months of the community quarantine period in the country.

Economic re-opening must be gradual

July 17, 2020
The economic impact of the coronavirus disease 2019 pandemic is projected to be greater than expected, hence, the need for the gradual re-opening of the economy to prevent it from further contraction, Bangko Sentral Gov.Benjamin Diokno said.

DMCI sees strong biz recovery

July 16, 2020
Diversified engineering conglomerate DMCI Holdings Inc. is optimistic about a “very strong” business recovery in 2021 after a marked slowdown in consolidated earnings it expects this year amid the coronavirus disease that continues to drag down economic activities.

‘Online barter’ for personal deals not illegal

July 16, 2020
“Outside those areas, barter trading across borders is not allowed. This is what I meant as illegal if done in other areas, or if done online and cross border and as a regular business, in (the) course of trade and not registered, not taxed,” he said.

P22-M loans released to 286 SMEs

July 12, 2020
Of the total CARES loan beneficiaries, 71 are from Calabarzon Region, 52 from Metro Manila, 46 from Cordillera Administrative Region, 25 from Bicol Region, 22 from Central Visayas, 26 from Eastern Visayas, 18 from Mimaropa Region, 12 from Cagayan Valley Region, seven from Western Visayas, six from Ilocos Region, and one from Caraga Region.

Economic team sticks to growth target

July 12, 2020
Economic contraction in the second quarter of the year is expected to be deeper than the first three months performance, but economic managers are keeping their two percent to 3.4 percent contraction projection for this year.

Med/health workers feted

July 12, 2020
“There is a need to commemorate the immeasurable acts of heroism and selfless compassion of nurses, midwives, and all health workers, and give due honor to those who sacrificed their lives in the line of service, especially during this extraordinary time,” he said in the proclamation.

Policy shifts in food systems needed

July 09, 2020
Agriculture Sec. William Dar has stressed  the need to introduce policy shifts in governing food systems to achieve the “overarching goal” of ensuring food security in the country amid the coronavirus disease  pandemic.

Another cut in BSP rates, RRR eyed

July 09, 2020
An economist of HSBC forecast a 25-basis points cut in the Bangko Sentral key rates and another 200-basis points reduction in banks’ reserve requirement before the year-end as part of BSP’s measures to help lift the economy.