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.
By: Joanna Rose Aglibot, Philippine Daily Inquirer, 30 Jun 2020 CASTILLEJOS, Zambales–Authorities on Monday (June 30) arrested a Korean national and his girlfriend for alleged illegal recruitment and human trafficking.
By Jovee Marie de la Cruz, Businessmirror, 30 Jun 2020 A pickup truck loaded with bicycles is seen on Roxas Boulevard in Manila. As the country seeks to get its economy back on track after the devastation wrought by the coronavirus pandemic, bicycle use—which perceptibly became more popular during the lockdowns—is being encouraged as a…
Look: DICT, IBPAP identify 25 Digital Cities to groom and grow into the next IT-BPO hubs. These 25 will be given assistance via institutional, infrastructure, and talent development, and marketing and promotion. pic.twitter.com/MNNA7U6ONI — Warren de Guzman (@wddeguzman) June 30, 2020
IATF approves the recommendations of the economic team to further open up the economy | via @GenKabiling pic.twitter.com/dOl1RA8wfG — Manila Bulletin News (@manilabulletin) June 30, 2020
Eyes enrollment of 2,000 bank accounts per day via mobile app By: Ben O. de Ver, Philippine Daily Inquirer, 30 June 2020 Overseas Filipino Bank (OFBank) is targetting to enroll up to 2,000 bank accounts a day among Filipinos living and working abroad as the digital-only and branch-less lender unveiled its mobile app to make…
Law enforcers are also looking at complaints that the couple may also have victimized over 200 people from Capiz by Randy V. Datu, Rappler, 30 Jun 2020 OLONGAPO CITY, Philippines – A Korean citizen and his Filipina girlfriend were arrested here Monday, June 29, by law enforcers for their alleged involvement in illegal recruitment and…
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France’s Fessenheim nuclear plant, for years the focus of anti-nuclear protests, has been switched off after more than four decades.
by Kelly Macnamara (Agence France-Presse), 30 Jun 2020 PARIS — Managers who believe gender discrimination is a thing of the past showed bias against women by suggesting a female job candidate be paid eight percent less than an identically qualified man, according to new research.
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The number of COVID-19 cases in the Philippines may reach more than 60,000 by July 31, according to a study made by a group of experts. The death toll, meanwhile, may climb to 1,300 by that time, said the group composed of University of the Philippines mathematics professor Dr. Guido David, UP political science assistant…
LOOK: Visual timeline comparing the COVID-19 pandemic to history's most deadly plagues, epidemics and global pandemics. (Infographic/AFP) pic.twitter.com/tsL4Dq4ewM — The Philippine Star (@PhilippineStar) June 29, 2020