By: Ben O. de Vera, Philippine Daily Inquirer, 7 Nov 2020 The Bureau of Internal Revenue (BIR) collected P134.4 billion in taxes in October, exceeding the month’s downscaled goal albeit still lower than last year’s take amid a pandemic-induced recession.
by Mary Grace Padin (The Philippine Star), 7 Nov 2020 MANILA, Philippines — State-run Social Security System (SSS) has granted a moratorium on the payment of loans for the months of October and November to provide relief to its members amid the coronavirus pandemic.
by Romina Cabrera (The Philippine Star), 7 Nov 2020 MANILA, Philippines — The Land Transportation Franchising and Regulatory Board (LTFRB) officially rolled out yesterday its new subsidy program to aid an estimated 60,000 public utility vehicle (PUV) drivers affected by the COVID-19 pandemic.
by Christina Mendez (The Philippine Star), 7 Nov 2020 MANILA, Philippines — Close contacts of persons believed to have contracted COVID-19 are mandated to complete their 14-day quarantine in isolation facilities, the Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF) said yesterday.
By Mayvelin U. Caraballo, TMT, Manila Times, 6 Nov 2020 Tobacco-producing local government units (LGUs) will get a total of P18 billion from the 2017 excise tax collections of the national government, according to the Department of Budget and Management (DBM). In a memorandum signed on November 4 and released on Thursday, Budget Secretary Wendel…
by Mayen Jaymalin (The Philippine Star), 6 Nov 2020 MANILA, Philippines — To ensure compliance with health protocols and labor laws, the Department of Labor and Employment (DOLE) continues to monitor online the various private establishments nationwide.
by Louella Desiderio (The Philippine Star), 6 Nov 2020 MANILA, Philippines — The country’s information technology business process management (IT-BPM) industry is unlikely to hit its projected revenue growth goal due to the pandemic. It is set to release results of the review of its targets later this month.
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.@BangkoSentral @GovBenDiokno: Philippine economic growth to return to pre-pandemic levels in 2022. "Full recovery will take place in 2022 so we will be a contraction this year, recovery next year, but we will be back to our 2019 GDP by 2022." pic.twitter.com/WRLpTrkcIH — Jon Viktor Cabuenas (@ViktorCabuenas) November 5, 2020
(Philstar.com), 5 Nov 2020 MANILA, Philippines — Four out of five Filipinos said their lives got worse in the past 12 months, a new Social Weather Stations survey suggested.
(Agence France-Presse), 5 Nov 2020 RIYADH, Saudi Arabia — Saudi Arabia said Wednesday it will ease key restrictions on millions of foreign workers, as part of plans to reform its long-criticized labor policy.
by Ronnel W. Domingo, Philippine Daily Inquirer, 5 Nov 2020 Coal-fired power plants continue to be an important component of the Philippines’ energy mix and the government cannot afford to mandate a retirement of such facilities although it is prepared to disallow additional projects, according to Energy Secretary Alfonso Cusi.
By: Ben O. de Vera, Philippine Daily Inquirer, 5 Nov 2020 The value of products sold by the Philippines abroad inched up by 2.2 percent year-on-year to $6.22 billion in September and cut short six straight months of exports decline—a green shoot of recovery seen largely dependent on China’s economic growth despite the COVID-19 pandemic.
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by Andrew J. Masigan (The Philippine Star), 4 Nov 2020 Alas, Vietnam, a backwater communist country just 40 years ago, has overtaken us in terms of per capita income. The Philippines, once the star economy in the 50’s and 60’s, has fallen behind in the region’s development race and is now only wealthier than Cambodia,…
by Jarius Bondoc (The Philippine Star), 4 Nov 2020 Four million young aliens who bribed their way into the country since 2017 are a menace. Mostly Chinese, they are stealing as many Filipino jobs. Some have taken Filipino spouses, to acquire land. They enjoy privileges reserved for Filipinos, like extracting natural resources, and owning utilities…
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by Czeriza Valencia (The Philippine Star), 3 Nov 2020 MANILA, Philippines — The downturn in output of the Philippine manufacturing sector was among the steepest in the world in the first nine months of the year, according to IHS Markit.
by Pia Lee-Brago (The Philippine Star), 3 Nov 2020 MANILA, Philippines — Fifty-four countries have lifted inbound border restrictions on Filipino travelers as of yesterday, the Department of Foreign Affairs (DFA) said.
by Meg Adonis, Philippine Daily Inquirer, 3 Nov 2020 MANILA, Philippines — The Department of Education (DepEd) has called on schools to lessen the burden of students and teachers amid the new coronavirus pandemic, saying they must not require them to do tasks outside instructional management and that they need to provide psychosocial interventions.
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by Ben O. de Vera, Philippine Daily Inquirer, 3 Nov 2020 The Philippines needed to step up fiscal support for its COVID-19 war chest next year as private-sector demand for financing would rise alongside economic recovery such that the government could not rely on the central bank’s assistance as much as it did this year,…
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by Doris Dumlao-Abadilla, Philippine Daily Inquirer, 3 Nov 2020 Health plan usage plunged across the globe this 2020 as most people avoided hospitals, forfeited routine check-ups and delayed elective procedures in fear of the coronavirus (COVID-19) pandemic, likely resulting in a slower increase in the cost of medical benefits next year.
by Roy Stephen C. Canivel, Philippine Daily Inquirer, 3 Nov 2020 MANILA, Philippines — Three local business groups are calling for a review of a draft circular on licensing and registration of food businesses, producers and processors, arguing that it will just be an added burden for micro, small and medium enterprises (MSMEs).
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