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by Associated Press, 7 May 2020 SOAVE, Italy — The global luxury goods sector is heading for a stunning collapse of up to 35% this year due to coronavirus lockdowns, according to a new study by the Bain consultancy published Thursday.
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by Mary Grace Padin (The Philippine Star), 7 May 2020 MANILA, Philippines — The impact of the coronavirus disease 2019 or COVID-19 pandemic on the economy may be worse than previously expected following the extension of the enhanced community quarantine and the imposition of general community quarantine in areas affected by the contagion, the Department…
by Ben O. de Vera, Philippine Daily Inquirer, 6 May 2020 MANILA, Philippines – Global and domestic supply chain disruptions caused by the COVID-19 pandemic, which limited movement not only of people but also of goods, inflicted a sharp drop in the Philippines’ exports and imports in March, the government reported on Wednesday.
by Associated Press, 6 May 2020 BRUSSELS — The European Union predicted Wednesday “a recession of historic proportions this year” due to the impact of the coronavirus with a drop in output of more than 7%, as it released its first official forecast of the damage the pandemic is inflicting on the bloc’s economy.
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by Louella Desiderio (The Philippine Star), 6 May 2020 MANILA, Philippines — The country’s largest business group is calling for the immediate passage of the proposed economic stimulus measure to help the economy recover from the impact of the coronavirus disease 2019 or COVID-19 outbreak.
by Louella Desiderio (The Philippine Star), 6 May 2020 MANILA, Philippines — The Department of Trade and Industry (DTI) has issued guidelines for malls and shopping centers offering non-leisure products and services in areas under general community quarantine.
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by Janvic Mateo (The Philippine Star), 6 May 2020 MANILA, Philippines — A 41-year-old woman was arrested in Caloocan City on Monday for allegedly forcing her three children to perform sexual acts for paying customers online.
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by Agence France-Presse, 6 May 2020 The UN’s Office on Drugs and Crime on Wednesday warned of increased risks to human trafficking victims due to the coronavirus crisis with people more vulnerable to exploitation and protection limited.
by Ben O. de Vera, Philippine Daily Inquirer, 5 May 2020 Factory production declined in March as supposedly nonessential manufacturing ground to a halt at the start of a lockdown meant to stop transmission of SARS Cov2, the virus that causes the disease COVID-19.
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by Gaea Katreena Cabico (Philstar.com), 5 May 2020 MANILA, Philippines — The number of people from the healthcare sector infected with the new coronavirus rose to 1,819 Tuesday, the Department of Health said.
by Daphne Galvez, Philippine Daily Inquirer, 5 May 2020 MANILA, Philippines — Forty-one provinces in the country have reported no new case of coronavirus disease (COVID-19) in the last two weeks, the Department of Health (DOH) said Tuesday.
by Sheila Crisostomo, Mayen Jaymalin, Evelyn Macairan, Delon Porcalla, Paolo Romero, Ding Cervantes, Artemio Dumlao, Alexis Romero (The Philippine Star, 5 May 2020) MANILA, Philippines — President Duterte has suspended the increase in premium contributions of overseas Filipino workers (OFWs) to the Philippine Health Insurance Corp. (PhilHealth) amid the coronavirus disease 2019 or COVID-19 pandemic.
By: Katrina Hallare, INQINQUIRER.net, 5 May 2020 MANILA, Philippines — Agents of the National Bureau of Investigation (NBI) have arrested two people allegedly involved in human trafficking in an entrapment operation in Fairview, Quezon City.
By: Doris Dumlao-Abadilla, Philippine Daily Inquirer, 4 May 2020 The Philippines will not use taxpayers’ money to bail out entities distressed by the COVID-19 pandemic, which has created a challenging operating environment feared to bankrupt a throng of businesses across the globe.
By: April Lee-Tan, Philippine Daily Inquirer, 4 May 2020 The peso has always been vulnerable to past crises. During the Asian Financial Crisis in the late ‘90s, the peso depreciated to 56 from around 26 against the dollar. During the 2008 Global Financial Crisis, it weakened by around 14 percent.
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