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By Ian Nicolas Cigaral (Philstar.com), 10 Nov 2020 MANILA, Philippines — The Duterte administration’s hesitation to deliver a fiscal bazooka to the economy is showing, derailing even the much heralded infrastructure program and exhausting private sector confidence to spend for a convincing bounce-back.

by Xave Gregorio (Philstar.com), 10 Nov 2020 MANILA, Philippines — The House of Representatives will fast track measures lobbied for by the finance department aimed at reviving the economy badly hit by the coronavirus pandemic, including a proposal to impose a 12% tax on digital transactions.

by Ben O. de Vera, Philippine Daily Inquirer, 10 Nov 2020 MANILA, Philippines — As most areas in the Philippines remained under prolonged COVID-19 quarantine, the economy again contracted in the third quarter as expected, although at a slower pace of 11.5 percent year-on-year compared to the record 16.9-percent fall during the second quarter.

By Cai Ordinario, Businessmirror, 10 Nov 2020 File photo: A young girl climbs down from their passenger jeepney at the Tandang Sora terminal, which has been home for her family during a lockdown, June 17, 2020, in Quezon City. About 35 jeepney drivers were forced to stay due to travel restrictions and have made jeepneys…

by Czeriza Valencia (The Philippine Star), 10 Nov 2020 MANILA, Philippines — Economic output in the second quarter was found to have declined at a faster rate of 16.9 percent from preliminary estimates of 16.5 percent, the Philippine Statistics Authority (PSA) reported yesterday.

by Louella Desiderio (The Philippine Star), 10 Nov 2020 MANILA, Philippines — Local vehicle and motorcycle production and sales were down from January to September, with demand still affected by the pandemic.

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By Samuel Medenilla, Businessmirror, 9 Nov 2020 The next round of distribution of the Department of Labor and Employment’s (DOLE) cash aid for overseas Filipino workers displaced by the pandemic is expected to start this week.

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by Lourdes O. Pilar, BusinessWorld, 9 Nov 2020 THE COUNTRY’S factory output contracted for the seventh straight month in September, the Philippine Statistics Authority (PSA) reported on Thursday.

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by Marje Pelayo, 9 Nov 2020 MANILA, Philippines — The Bureau of Immigration (BI) on Sunday (November 8) warned Filipinos departing the country to be vigilant against human traffickers who take advantage of the recent easing of travel restrictions.

(The Philippine Star), 8 Nov 2020 MANILA, Philippines — Businesses worldwide believe the current pace of global economic recovery may not be sustained in the short term due to repeated pandemic waves, results of a survey conducted by Oxford Economics showed.

By: Ben O. de Vera, Philippine Daily Inquirer, 7 Nov 2020 The Bureau of Internal Revenue (BIR) collected P134.4 billion in taxes in October, exceeding the month’s downscaled goal albeit still lower than last year’s take amid a pandemic-induced recession.

by Mary Grace Padin (The Philippine Star), 7 Nov 2020 MANILA, Philippines — State-run Social Security System (SSS) has granted a moratorium on the payment of loans for the months of October and November to provide relief to its members amid the coronavirus pandemic.

by Romina Cabrera (The Philippine Star), 7 Nov 2020 MANILA, Philippines — The Land Transportation Franchising and Regulatory Board (LTFRB) officially rolled out yesterday its new subsidy program to aid an estimated 60,000 public utility vehicle (PUV) drivers affected by the COVID-19 pandemic.

by Christina Mendez (The Philippine Star), 7 Nov 2020 MANILA, Philippines — Close contacts of persons believed to have contracted COVID-19 are mandated to complete their 14-day quarantine in isolation facilities, the Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF) said yesterday.

By Mayvelin U. Caraballo, TMT, Manila Times, 6 Nov 2020 Tobacco-producing local government units (LGUs) will get a total of P18 billion from the 2017 excise tax collections of the national government, according to the Department of Budget and Management (DBM). In a memorandum signed on November 4 and released on Thursday, Budget Secretary Wendel…

by Mayen Jaymalin (The Philippine Star), 6 Nov 2020 MANILA, Philippines — To ensure compliance with health protocols and labor laws, the Department of Labor and Employment (DOLE) continues to monitor online the various private establishments nationwide.

by Louella Desiderio (The Philippine Star), 6 Nov 2020 MANILA, Philippines — The country’s information technology business process management (IT-BPM) industry is unlikely to hit its projected revenue growth goal due to the pandemic. It is set to release results of the review of its targets later this month.

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.@BangkoSentral @GovBenDiokno: Philippine economic growth to return to pre-pandemic levels in 2022. "Full recovery will take place in 2022 so we will be a contraction this year, recovery next year, but we will be back to our 2019 GDP by 2022." pic.twitter.com/WRLpTrkcIH — Jon Viktor Cabuenas (@ViktorCabuenas) November 5, 2020

(Philstar.com), 5 Nov 2020 MANILA, Philippines — Four out of five Filipinos said their lives got worse in the past 12 months, a new Social Weather Stations survey suggested.