Monthly Archives: November 2020

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by ABS-CBN News, 19 Nov 2020 MANILA – The Bangko Sentral ng Pilipinas made a surprise 25 basis points policy rate cut on Thursday, bringing the overnight reverse repurchase facility to a new historic low of 2 percent.

by Luz Wendy T. Noble, 18 Nov 2020 A DEEPER-THAN-EXPECTED recession in the Philippines will increase the downside risks for the banking industry, S&P Global Ratings said.

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by Louella Desiderio (The Philippine Star), 18 Nov 2020 MANILA, Philippines — Ecozone locators will now be able to avail of the five percent gross income tax incentive to include COVID-related expenses as direct costs to maintain operations during the quarantine period.

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by Rey Gamboa (The Philippine Star), 17 Nov 2020 The big news on the sidelines of the closing session of the annual meeting of the 10-nation Association of Southeast Asian Nations (ASEAN) last Sunday was the virtual signing of the Regional Comprehensive Economic Partnership (RCEP), resulting in the creation of the largest free trade bloc…

by Lawrence Agcaoili (The Philippine Star), 17 Nov 2020 MANILA, Philippines — Remittances from overseas Filipino workers bounced backed strongly in September, recording the fastest growth in 29 months as OFWs scrambled to send more money to their loved ones in the country during the ‘ber’ months in preparation for the Christmas holidays, according to…

by Neil Jayson Servallos (The Philippine Star), 17 Nov 2020 MANILA, Philippines — More than 100,000 public utility vehicle (PUV) operators will receive cash subsidies from the government this week, the Land Transportation Franchising and Regulatory Board (LTFRB) announced yesterday.

by Mayen Jaymalin (The Philippine Star), 17 Nov 2020 MANILA, Philippines — Due to recent calamities that have affected several regions, the Department of Labor and Employment (DOLE) expressed fear of a possible rise in the number of unemployed workers nationwide.

By: Ben O. de Vera, Philippine Daily Inquirer, 17 Nov 2020 Global financial giant Morgan Stanley is bullish about the Philippines’ strong econo­mic rebound next year against a backdrop of low inflation, the government’s infrastructure development push and the looming availability of vaccines against COVID-19.

By Bianca Cuaresma, BusinessMirror, 17 Nov 2020 DESPITE dismal economic activity and thousands of layoffs all over the world, overseas Filipino workers (OFWs) still managed to send more money back home in September, latest data from the Bangko Sentral ng Pilipinas (BSP) showed.

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by Nestor Corrales, Philippine Daily Inquirer, 16 Nov 2020 (First of two parts) MANILA, Philippines — On Sept. 30, Ela Elesterio of Pasay City was told that she had tested positive for COVID-19. Three days later, a team from the local government was at her house for contact tracing.

by Cathrine Gonzales, Philippine Daily Inquirer, 16 Nov 2020 MANILA, Philippines — Seventy-four percent of workers from small to medium businesses who were part of a global research commissioned by Kaspersky want to rethink pre-COVID-19 ways of working.

by By Jenina P. Ibañez, Reporter, BusinessWorld, 16 Nov 2020 FIFTEEN Asia-Pacific economies, including the Philippines, signed the world’s largest free trade deal on Sunday, with observers saying the deal could boost Philippine market access while others believe it would worsen the trade balance.

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By the Inquirer Staff, 16 Nov 2020 The death toll from the deadliest typhoon to hit the Philippines this year has risen to 69, with 12 people still missing, while many areas remain submerged in Cagayan province, in the northern region worst hit by flooding in 45 years, officials said on Sunday.

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By Angelica Y. Yang, 15 Nov 2020 NUCLEAR POWER holds the potential to address the country’s need for reliable, always-on baseload power, but the risks posed by the energy source could be a key sticking point towards its adoption, experts said.

by Lawrence Agcaoili (The Philippine Star), 15 Nov 2020 Despite improved output in Q3 MANILA, Philippines — Economists are expecting a deeper economic recession this year despite the partial easing of lockdowns to stop the spread of the coronavirus disease 2019 or COVID-19 pandemic.

by Merlina Hernando-Malipot, Manila Bulletin, 14 Nov 2020 The Department of Education (DepEd) is reminding conditional Qualified Voucher Applicants (QVAs) of the Senior High School Voucher Program (SHSVP) to submit the necessary and other supporting documents on or before Nov. 30.

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by Roy Stephen C. Canivel, Philippine Daily Inquirer, 14 Nov 2020 Investment pledges under the Philippine Economic Zone Authority (Peza) dropped nearly 27 percent as of October, as the government kept pushing the rationalization of tax breaks, even when critics said these incentives helped attract foreign investors into the country.

by Gaea Katreena Cabico (Philstar.com), 13 Nov 2020 MANILA, Philippines (Updated 9:16 p.m.) — As Typhoon Ulysses (international name: Vamco) swept across Luzon with violent winds and torrential rain, submerging parts of Metro Manila and adding misery to communities trying to recover from earlier typhoons, risk prevention and mitigation program Project NOAH trended on social…

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by Raymund Catindig (The Philippine Star), 12 Nov 2020 TUGUEGARAO CITY, Philippines — A private hospital in this city was closed yesterday after almost all its health workers tested positive for the coronavirus disease 2019 or COVID-19.

by Elizabeth Marcelo (The Philippine Star), 12 Nov 2020 MANILA, Philippines — The Commission on Audit (COA) has scolded the Technical Education and Skills Development Authority (TESDA) for the poor outcome of its P2.1-billion Special Employment Training Program or STEP, which aims to help those in the disadvantaged sectors get a job.