by Lawrence Agcaoili (The Philippine Star), 11 Jan 2021 From January to November 2020 MANILA, Philippines — The gross non-performing loan (NPL) ratio of Philippine banks accelerated for the 11th straight month to hit the highest level in more than seven years as the industry’s bad debts surged by 74 percent due to the impact…

by Louella Desiderio (The Philippine Star), 11 Jan 2021 MANILA, Philippines — Total investments approved by the Board of Investments (BOI) reached the P1 trillion level last year, but was down 11 percent compared to 2019 amid the pandemic.

by Delon Porcalla (The Philippine Star), 11 Jan 2021 MANILA, Philippines — Business groups, including the most influential in post-Marcos era administrations, have expressed support for the lifting of prohibitive economic provisions in the 34-year-old Constitution enacted during the time of the late president Corazon Aquino, according to a congressman.

by Richmond Mercurio (The Philippine Star), 11 Jan 2021 MANILA, Philippines — The Philippines has the worst traffic situation among six Southeast Asian countries, and is ranked ninth worst in the world, according to the recent Numbeo report.

by Mayen Jaymalin (The Philippine Star), 11 Jan 2021 MANILA, Philippines — A labor group fears a “worse” unemployment situation in the country this year, unless the government enforces the necessary intervention measures.

by Ben O. de Vera, Philippine Daily Inquirer, 9 Jan 2021 Exports returned to year-on-year growth in November last year even as the prolonged imports slump pulled the Philippines’ total foreign trade down by 10.6 percent to $13.31 billion that month.

by Daxim L. Lucas, Philippine Daily Inquirer, 9 Jan 2021 The heads of the country’s banks are slightly less optimistic about the industry’s prospects over the medium term due to what they believe would be the lingering economic impact of the coronavirus pandemic, according to a central bank poll during the second half of last…

by Rey Gamboa (The Philippine Star), 9 Jan 2021 The massive unemployment caused by the continuing quarantines should be given more serious attention by the government. While global production of vaccines against the coronavirus is ramping up, the Philippines cannot expect unemployment rates to go back to pre-pandemic levels any time soon.

By Patrick Roxas, TMT, Manila Times, 7 Jan 2021 Subic Philippines Corp. had retrenched 784 or more than 70 percent of its workers here to maintain the viability of its operations, the Subic Bay Metropolitan Authority (SBMA) said on Wednesday.

By Ammielou Gaduena, BusinessWorld, 7 Jan 2021 THE COVID-19 pandemic has sent shockwaves across the globe, and workplaces are among the most severely affected by the crisis. Reports* from the National Task Force against COVID-19 and the Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF-EID) have identified workplaces as one of the…

by Lawrence Agcaoili (The Philippine Star), 7 Jan 2021 MANILA, Philippines — The Philippines is likely to be the last country in Asia-Pacific to fully recover from the pandemic-induced recession, with recovery seen only in the fourth quarter of 2022 while other economies are set to regain all of their lost output by the end…

By: Gabriel Pabico Lalu, INQINQUIRER.net, 7 Jan 2021 MANILA, Philippines — A latest Social Weather Stations (SWS) survey showed that at least 91 percent of Filipinos are worried over the possibilities that their immediate relatives would contract COVID-19 — record-high numbers almost a year into the global pandemic that has infected millions.

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By: Teodoro C. Mendoza, inquirerdotne, 6 Jan 2020 In the past, the Philippines was a sugar exporting country. At the height of exportation, 20 percent of all Philippine agricultural products being shipped to other countries is sugar.

By Aurora C. Ignacio, Businessmirror, 6 Jan 2021 Finally, it’s the third working day of the year and just like everybody else from the working population, I am back to work. Indeed, the recent holiday has been a short and relaxing respite from last year’s workload and this year, 2021, is another year to start…

By Aurora C. Ignacio, Businessmirror, 6 Jan 2021 Finally, it’s the third working day of the year and just like everybody else from the working population, I am back to work. Indeed, the recent holiday has been a short and relaxing respite from last year’s workload and this year, 2021, is another year to start…

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By: Cathrine Gonzales, INQINQUIRER.net, 6 Jan 2021 MANILA, Philippines — The Philippine Health Insurance Corporation (PhilHealth) will lose around P13 billion this year with the deferment of the increase in its members’ contributions, its spokesperson said Wednesday.

by Czeriza Valencia (The Philippine Star), 6 Jan 2020 MANILA, Philippines — Prices of basic goods and services went up for the third straight month in December to reach a near two-year high at 3.5 percent, driven by higher cost of food and transportation, the Philippine Statistics Authority (PSA) said yesterday.

By JULIA MARI ORNEDO,GMA News, 6 Jan 2021 Contrary to the advice of health experts, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno encouraged Filipinos to go out even amid the coronavirus pandemic and to stop “cowering” at home to boost the economy.

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BY ADRIAN P. NEMES III, Daily Star A laborer died when he was electrocuted in Brgy. 9, Bacolod City past 10 a.m. yesterday.

by Lawrence Agcaoili (The Philippine Star), 5 Jan 2021 MANILA, Philippines — Suspicious transactions worth P113.1 million related to child pornography were reported in the first half of last year, almost double the P65.8 million booked in 2019 as the government stepped up its campaign against the sexual abuse of children, the Anti-Money Laundering Council…

by Christian Deiparine (Philstar.com), 5 Jan 2021 MANILA, Philippines — A non-government organization on Tuesday sought for solutions to what they said has become a “learning crisis” in the country following students’ dismal showing in recent international assessments.

by Christian Deiparine (Philstar.com), 5 Jan 2020 MANILA, Philippines — State insurer PhilHealth on Tuesday said it would defer its contribution hike until Congress passes an amendment to the Universal Health Care law, which mandates the increase that many appealed to delay as the country reels from the impact of the coronavirus pandemic.

by Nestle Semilla, Philippine Daily Inquirer, 5 Jan 2020 CEBU CITY —- At least 18 personnel of a government hospital here tested positive for the coronavirus disease (COVID-19), prompting the temporary closure of its Operating Room complex for decontamination.

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