By Ben O. de Vera, 4 Aug 2021 The number of jobless Filipinos increased to 3.76 million in June, equivalent to 7.7 percent of the labor force, the Philippine Statistics Authority (PSA) reported yesterday.
By Ben O. de Vera, 4 Aug 2021 Debt watcher Moody’s Investors Service on Tuesday said the pandemic-inflicted “deep” economic scarring in the Philippines—one of the worst in Asia-Pacific—would exacerbate social inequality due to job losses and households reverting to poverty.
by Lawrence Agcaoili (The Philippine Star), 4 Aug 2021 MANILA, Philippines — The reimposition of stricter lockdown and quarantine measures in the National Capital Region (NCR) starting Friday could further dampen the recovery prospects of the Philippines from the pandemic-induced recession, according to Moody’s Investors Service.
by Mayen Jaymalin (The Philippine Star), 4 Aug 2021 MANILA, Philippines — The Department of Labor and Employment (DOLE) is seeking P2 billion for the distribution of financial assistance for workers to be affected by the re-implementation of the enhanced community quarantine (ECQ).
by Alexis Romero (The Philippine Star), 4 Aug 2021 MANILA, Philippines — The government will set aside more than P13 billion as aid for affected residents as the National Capital Region (NCR) is placed under the strictest enhanced community quarantine (ECQ) from Aug. 6 to 20, presidential spokesman Harry Roque announced yesterday.
by Ramon Royandoyan (Philstar.com), 3 Aug 2021 MANILA, Philippines (Update 1, 10:22 a.m.) — The Philippine Statistics Authority reported that jobless rate was steady in June, but looming harsh lockdowns in Metro Manila could throw a spanner in the works.
Read more here.
by Doris Dumlao-Abadilla, 3 Aug 2021 Ayala-led Bank of the Philippine Islands (BPI) aims to stop by 2033 all lending to coal-fired power projects—which form 45 percent of its current power generation portfolio—and channel more funds to renewable energy projects moving forward.
On July 28, the Quezon City government announced that 82 of 161 policemen assigned to the Novaliches police station tested positive for COVID-19. This was harrowing news, as the infected cops account for more than 40 percent of the police station’s complement.
by Rainier Allan Ronda (The Philippine Star), 3 Aug 2021 MANILA, Philippines — Six Filipino students won four silver and two bronze medals at the 62nd International Mathematical Olympiad (IMO) held virtually from July 14 to 24.
(Philstar.com), 3 Aug 2021 MANILA, Philippines — The Department of Foreign Affairs reported the arrival of its ninth chartered repatriation flight with 374 Filipinos on board, including 78 pregnant women.
Read more here.
DOLE releases the number of displaced workers in NCR from Jan. To July, 2021. @BusinessMirror pic.twitter.com/6yFaaokuWM — Samuel Medenilla (@sam_medenilla) August 2, 2021
by Karl R. Ocampo, 2 Aug 2021 The performance of the country’s agriculture sector for the past five years fell short of the Duterte administration’s goal to raise the industry’s productivity by at least 2.5 percent yearly as it was overwhelmed by several challenges.
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