Monthly Archives: July 2020

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by Agence France-Presse, 5 Jul 2020 Humans discarded more than 50 million tonnes of electronic waste last year, an increase of 20% in just five years, making tech refuse the world’s fastest growing waste problem, the United Nations said Thursday.

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by Czeriza Valencia (The Philippine Star), 4 Jul 2020 MANILA, Philippines — A rapid recovery for the domestic economy may not be likely but improvement in output may be seen by this quarter, according to the investment banking arm of the Metrobank Group.

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by Mary Grace Padin (The Philippine Star), 3 Jul 2020 MANILA, Philippines — The government has so far secured $7.76 billion in loans and grants from foreign lenders to finance measures that address the coronavirus disease 2019 or COVID-19 pandemic, the Department of Finance (DOF) said.

(The Philippine Star), 3 Jul 2020 MANILA, Philippines — The executive branch yesterday stood its ground that the economic stimulus packages proposed by Congress – including the P1.3-trillion ARISE Philippines bill – cannot be funded in the absence of new revenue sources.

By: Krixia Subingsubing, Philippine Daily Inquirer, 3 Jul 2020 A day before jeepneys were set to return to the road, site migration issues downed the website of the Land Transportation Franchising and Regulatory Board (LTFRB) where the operators were supposed to get their quick response (QR) codes needed for them to ply their routes.

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by Ben O. de Vera, Philippine Daily Inquirer, 2 Jul 2020 MANILA, Philippines — As expected the Philippines did not move up to upper-middle-income status under the latest World Bank classification which took into consideration last year’s economic data, marked by slower domestic growth due to delayed budget approval.

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Days before the Anti-Terrorism bill lapses into law, more than 250 organizations from different sectors have appealed to President Rodrigo Duterte to veto the measure, which raised fears of human rights violations at a time when the country is struggling with a pandemic. pic.twitter.com/oq0YrccPX9 — Inquirer Business (@InquirerBiz) July 2, 2020

DOLE QUOTES REPORTS By: Leila B. Salaverria, Philippine Daily Inquirer, 2 Jul 2020 MANILA, Philippines — More than 3,000 business establishments have repor­ted a temporary shutdown of operations, while more than 200 have closed down permanently since January this year, Labor Secretary Silvestre Bello III said, adding that the closures affected some 100,000 workers.

by Ian Nicolas Cigaral (Philstar.com), 2 Jul 2020 MANILA, Philippines — Majority of companies enjoying tax perks at the country’s largest economic zone operator are now operational as of mid-June, as the government slowly rolls back tough lockdown measures that shut the economy down for nearly three months.

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By Catherine S. Valente, TMT, Manila Times, 1 Jul 2020 FINANCE Secretary Carlos Dominguez 3rd pushed for a shift of Metro Manila and Calabarzon to a modified general community quarantine (MGCQ) “as quickly as possible” to open the country’s economy amid the coronavirus disease 2019 (Covid-19) pandemic.

Many companies were forced to implement work-from-home arrangements during the lockdown. — By Revin Mikhael D. Ochave, BusinessWorld, 1 Jul 2020 RAINIER JAY S. UDARBE, 23, has been taking overseas calls from home as a call center agent for an outsourcing company in Makati since the main Philippine island of Luzon was locked down in…

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by Gerardo P. Sicat (The Philippine Star), 1 Jul 2020 (Part II) In the course of Philippine economic development in the last half century, Filipino human capital experienced some improvement. But this improvement today is surpassed by other East Asian neighbors whose rapid economic growth have improved their living conditions faster.

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By Kris Crismundo, 1 Jul 2020 MANILA – Investors in the renewable energy sector are urged to look into opportunities in the Philippines as the country targets to achieve the 15,304-megawatt (MW) renewable capacity by 2030.