(Philstar.com), 11 Jun 2020 MANILA, Philippines — The resilient cash remittances appear to have met their match on the coronavirus pandemic, with the central bank penciling in a deeper slump this year as more migrant workers get displaced.

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by Agence France-Presse, 10 Jun 2020 PARIS, France — The global economy will contract at least six percent this year due to economic shutdowns to contain the coronavirus outbreak, the OECD said Wednesday, warning that recovery will be “slow and uncertain”.

READ: DOLE Job Displacement Monitoring Report | via @MBLeslieAquino pic.twitter.com/uCTqga9VML — Manila Bulletin News (@manilabulletin) June 10, 2020

By VG Cabuag, Businessmirror, 10 Jun 2020 The Securities and Exchange Commission (SEC) on Tuesday said it will continue limiting its face-to-face transactions with the public as it continues its online company registration and monitoring services.

by ABS-CBN News, 10 Jun 2020 MANILA – Around 90 percent of jeepney drivers and operators in the country are “starving and dying” due to loss of income, a transport group president said Tuesday, as government still prohibits them to pick up passengers due to the coronavirus pandemic.

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3 keys to designing virtual meetings ? that are just as fruitful as in-person sessions: attention, tools, and space. — strategy+business (@stratandbiz) June 10, 2020

As of June 9, DOH reports 46 new COVID-19 cases and 26 new recoveries among healthcare workers, bringing the total at 2,787 affected (12.12% of total cases). A total of 32 have died, while 1,624 have recovered. 1,131 are classified as active cases. | @gmanews — SHAI (@shailagarde) June 10, 2020

LOOK: Latest revisions on macroeconomic and fiscal assumptions as of May 27. Some changes from May 12: -Higher 2021 GDP growth target (from 7.1-8.1%)-Wider 2020 and 2021 budget deficits-A bigger 2021 budget proposal pic.twitter.com/IjsqareuDE — Prinz Magtulis 프린즈 (@prinzmagtulis) June 10, 2020

WASHINGTON – The global economy is on track to shrink by 5.2 percent this year amid the coronavirus disease 2019 (Covid-19) pandemic, the deepest recession since the Second World War, the World Bank Group said in its latest Global Economic Prospects released Monday.

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by Katrina Domingo, ABS-CBN News, 10 Jun 2020 MANILA – Sen. Panfilo Lacson on Wednesday belied the Integrated Bar of the Philippines’ claim that a proposed 9-member Council under the Anti-Terrorism Bill could “authorize in writing” the arrest of suspected terrorists.

by Ben O. de Vera, Philippine Daily Inquirer, 9 Jun 2020 MANILA, Philippines — The loans and grants secured by the Philippines to finance COVID-19 response climbed to $6.508 billion (over P325 billion) to date after it signed a $750-million loan agreement with the Beijing-based Asian Infrastructure Investment Bank (AIIB).

by Prinz Magtulis (Philstar.com), 9 Jun 2020 MANILA, Philippines — Only 6% of businesses have remained closed in areas under general community quarantine, including Metro Manila, firms which the government said can open as soon as a further easing of movement restrictions is enforced.

By Mar Jay delas Alas, 9 Jun 2020 MARIVELES, Bataan, June 9 (PIA) — Some 22,000 workers at the Freeport Area of Bataan (FAB) are now back to work after locators resumed operations since the start of the General Community Quarantine (GCQ).

by Mary Grace Padin (The Philippine Star), 9 Jun 2020 MANILA, Philippines — The Department of Finance (DOF) hopes Congress will come up with a downscaled economic stimulus bill in response to the coronavirus pandemic, as it warned that the pending pieces of legislation are “fiscally unsustainable.”

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By Jenina P. Ibañez, Business World, 9 Jun 2020 EMPLOYEES’ return to work can prove risky if workplace safety guidelines drafted to protect them from the coronavirus disease 2019 (COVID-19) are not refined for specific industries, a health care professional said.

By CHINO S. LEYCO, Manila Bulletin, 9 Jun 2020 The coronavirus pancemic is taking a heavier toll on the Philippine economy than its neighboring countries due to government’s reliance on stringent lockdowns instead of early scaling up of its testing capacity, and contact tracing efficiency, the World Bank said yesterday.

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by Lawrence Agcaoili (The Philippine Star), 8 Jun 2020 MANILA, Philippines — New York-based GlobalSource Partners sees remittances from overseas Filipino workers (OFWs) declining by 10 percent this year due to displacements caused by the novel coronavirus disease 2019 or COVID-19 pandemic.

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By DONA MAGSINO, GMA News, 8 Jun 2020 The Commission on Higher Education (CHED) on Monday said it sees a possible increase in tuition and other fees in the country’s private higher education institutions which were forced to move the start the academic year to August due to the COVID-19 pandemic.

By VIRGIL LOPEZ, GMA News, 8 Jun 2020 Workers of small businesses based in seven regions are not covered by the second tranche of the COVID-19 emergency subsidy, President Rodrigo Duterte told Congress on Monday.

By VIRGIL LOPEZ, GMA News, 8 Jun 2020 Close to 3,700 cases of violence against women and children have been recorded by the Philippine National Police (PNP) since the implementation of community quarantine in March to curb the spread of the coronavirus disease (COVID-19).

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