Monthly Archives: June 2020

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By: Ben O. de Vera, Philippine Daily Inquirer, 12 Jun 2020 The Washington-based Institute of International Finance (IIF) expects the Philippines’ gross domestic product (GDP) to shrink year-on-year for all four quarters of 2020 and end the year with a 3-percent contraction amid the uncertainties caused by the new coronavirus disease (COVID-19) pandemic.

by Cody Cepeda, Philippine Daily Inquirer, 11 Jun 2020 Before the novel coronavirus disease (COVID-19) pandemic wrecked routines and daily lives worldwide, a typical day for Donna used to be a breeze. Donna, a 35-year-old single mother of three, usually rises at 5:30 a.m. on weekdays to make sure her kids are up and ready…

By ERWIN COLCOL, GMA News, 11 Jun 2020 ACT-CIS party-list Representative Niña Taduran on Thursday criticized the move of the Bureau of Internal Revenue (BIR) to require online sellers to register with them to ensure tax compliance.

By JULIA MARI ORNEDO, GMA News, 11 Jun 2020 The Department of Health (DOH) on Thursday reported that the number of healthcare workers who have contracted the coronavirus disease 2019 (COVID-19) climbed to 2,808 as of June 10.

by Beatrice M. Laforga, BusinessWorld, 11 Jun 2020 THE Philippines could be among the worst-hit ASEAN economies with a projected contraction of 5% in 2020, second only to a projected decline of 6% for Singapore, Oxford Economics said.

This is yet another tremendous victory for the TWU and the labor movement. Hundreds of thousands of workers will benefit from #AB5 @_drivers_united https://t.co/fvy2cJpQZl — TWU (@transportworker) June 10, 2020

(Philstar.com), 11 Jun 2020 MANILA, Philippines — The resilient cash remittances appear to have met their match on the coronavirus pandemic, with the central bank penciling in a deeper slump this year as more migrant workers get displaced.

Posted by: Tempo Desk The chemicals that were used to prepare the decontamination solution at the COVID-19 quarantine facility in Pasig City were reportedly a direct donation to the Philippine National Police. The alleged improper preparation of the decontamination solution used at the PhilSports Arena in Pasig was believed to be the reason why Police…

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by Agence France-Presse, 10 Jun 2020 PARIS, France — The global economy will contract at least six percent this year due to economic shutdowns to contain the coronavirus outbreak, the OECD said Wednesday, warning that recovery will be “slow and uncertain”.

READ: DOLE Job Displacement Monitoring Report | via @MBLeslieAquino pic.twitter.com/uCTqga9VML — Manila Bulletin News (@manilabulletin) June 10, 2020

By VG Cabuag, Businessmirror, 10 Jun 2020 The Securities and Exchange Commission (SEC) on Tuesday said it will continue limiting its face-to-face transactions with the public as it continues its online company registration and monitoring services.

by ABS-CBN News, 10 Jun 2020 MANILA – Around 90 percent of jeepney drivers and operators in the country are “starving and dying” due to loss of income, a transport group president said Tuesday, as government still prohibits them to pick up passengers due to the coronavirus pandemic.

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3 keys to designing virtual meetings ? that are just as fruitful as in-person sessions: attention, tools, and space. — strategy+business (@stratandbiz) June 10, 2020

As of June 9, DOH reports 46 new COVID-19 cases and 26 new recoveries among healthcare workers, bringing the total at 2,787 affected (12.12% of total cases). A total of 32 have died, while 1,624 have recovered. 1,131 are classified as active cases. | @gmanews — SHAI (@shailagarde) June 10, 2020

LOOK: Latest revisions on macroeconomic and fiscal assumptions as of May 27. Some changes from May 12: -Higher 2021 GDP growth target (from 7.1-8.1%)-Wider 2020 and 2021 budget deficits-A bigger 2021 budget proposal pic.twitter.com/IjsqareuDE — Prinz Magtulis 프린즈 (@prinzmagtulis) June 10, 2020

WASHINGTON – The global economy is on track to shrink by 5.2 percent this year amid the coronavirus disease 2019 (Covid-19) pandemic, the deepest recession since the Second World War, the World Bank Group said in its latest Global Economic Prospects released Monday.

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by Katrina Domingo, ABS-CBN News, 10 Jun 2020 MANILA – Sen. Panfilo Lacson on Wednesday belied the Integrated Bar of the Philippines’ claim that a proposed 9-member Council under the Anti-Terrorism Bill could “authorize in writing” the arrest of suspected terrorists.

by Ben O. de Vera, Philippine Daily Inquirer, 9 Jun 2020 MANILA, Philippines — The loans and grants secured by the Philippines to finance COVID-19 response climbed to $6.508 billion (over P325 billion) to date after it signed a $750-million loan agreement with the Beijing-based Asian Infrastructure Investment Bank (AIIB).

by Prinz Magtulis (Philstar.com), 9 Jun 2020 MANILA, Philippines — Only 6% of businesses have remained closed in areas under general community quarantine, including Metro Manila, firms which the government said can open as soon as a further easing of movement restrictions is enforced.

By Mar Jay delas Alas, 9 Jun 2020 MARIVELES, Bataan, June 9 (PIA) — Some 22,000 workers at the Freeport Area of Bataan (FAB) are now back to work after locators resumed operations since the start of the General Community Quarantine (GCQ).

by Mary Grace Padin (The Philippine Star), 9 Jun 2020 MANILA, Philippines — The Department of Finance (DOF) hopes Congress will come up with a downscaled economic stimulus bill in response to the coronavirus pandemic, as it warned that the pending pieces of legislation are “fiscally unsustainable.”

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