IPOPHL urges MSMEs to protect IP

June 30, 2020
The Intellectual Property Office of the Philippines is calling on micro, small and medium enterprises to protect their intellectual property  rights in order to gain or maintain a competitive edge even amid a crisis. 

Fiscal prudence key to recovery

June 26, 2020
He said the proportion of debt to gross domestic product has improved to record-low of 39.6 percent, revenues posted its biggest share to domestic output at 16.1 percent in 2019, inflation remains manageable, and foreign reserves continue to rise, with the end-May 2020 level at $93 billion

Digitally enhanced system boosts tax take

June 25, 2020
Finance Sec. Carlos Dominguez III has lauded the Bureau of Internal Revenue for its ongoing digital transformation efforts that has dramatically improved services to taxpayers while supporting the country’s strong fiscal position through a robust collection performance ahead of the coronavirus crisis.

Banks’ bad loans still low

June 22, 2020
The level of soured loans continues to remain manageable despite the economic disruption as a result of the community quarantine put in place to fight the rise of coronavirus disease 2019 infections.

More support for MSMEs to go online

June 21, 2020
As a result of the community quarantines imposed across the country, many MSMEs, including those from the indigenous communities are having a difficult time selling their products because the movement of people, as well as access to traditional markets, is restricted.

External debt down to $81.4B in Q1

June 21, 2020
The country’s outstanding external debt declined to $81.4 billion as of end-March, down $2.2 billion (or 2.6 percent) from the $83.6-billion level as of end-December 2019,according to Bangko Sentral ng Pilipinas Gov. Benjamin E. Diokno.

Remittance drop to shave 0.4% off ’20 GDP

June 20, 2020
“But as you know there are many Filipinos who are in the medical sector like nurses and doctors and looking forward, I think, we should continue to train medical workers here in the Philippines so that maybe in the next pandemic we’ll have a lot of Filipino workers abroad and also working here in the Philippines,” he added.

APEC pushes ‘greener new normal’, circular economy

June 20, 2020
JAKARTA -- Plans for recovery from the coronavirus disease 2019  pandemic must not only help improve public healthcare but also build environmental sustainability, an APEC Policy Support Unit researcher said, urging member nations to work towards a "greener new normal”.

Invest in gov’t bonds, help boost recovery

June 20, 2020
Finance Sec. Carlos Dominguez III is urging Filipinos to support the government’s domestic bond offerings as such secure investments would help the Duterte administration raise funds to bridge the yawning budget deficit brought about by the coronavirus emergency and prepare the economy for a quick and strong recovery from this public health crisis.