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by Lawrence Agcaoili, Czeriza Valencia (The Philippine Star), 25 Sep 2020 MANILA, Philippines — The Philippines may post the biggest economic contraction in Asia-Pacific at almost 10 percent this year after imposing one of the world’s longest and strictest lockdowns to slow the spread of COVID-19, according to S&P Global Ratings.

by Robertzon Ramirez, Rudy Santos (The Philippine Star), 25 Sep 2020 MANILA, Philippines — Government agents at the Ninoy Aquino International Airport ( NAIA) intercepted recently seven Filipinas bound for the United Arab Emirates after they allegedly presented fake working permits.

by Mayen Jaymalin (The Philippine Star), 25 Sep 2020 MANILA, Philippines — Overseas Filipino workers displaced by the coronavirus pandemic in Qatar can now easily look for new employment, the Department of Labor and Employment (DOLE) reported on Wednesday.

by Mayen Jaymalin (The Philippine Star), 25 Sep 2020 MANILA, Philippines — Income among Filipinos and other workers worldwide has dropped significantly due to the coronavirus disease pandemic, according to the International Labor Organization (ILO).

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by Daniel Pruce (The Philippine Star), 24 Sep 2020 Like the rest of the global economy, the energy sector has been tested by the COVID-19 pandemic, with its unprecedented slow-down challenging traditional growth thinking. It has had to recalibrate to become more efficient and accommodate increasingly frugal investors and consumers. This was also true in…

by Ian Nicolas Cigaral (Philstar.com), 24 Sep 2020 MANILA, Philippines — Consumer confidence sank to historic low in the third quarter while business sentiment likewise took a heavy beating, posing a big challenge to the government relying on its citizens to rebound from an unprecedented economic damage caused by the pandemic.

by Daxim L. Lucas, Philippine Daily Inquirer, 24 Sep 2020 MANILA, Philippines — Credit card users will soon be required to pay no more than 2 percent a month — or 24 percent annually — on this type of debt after the central bank’s Monetary Board recently approved an interest rate cap.

by Ben O. de Vera, Philippine Daily Inquirer, 24 Sep 2020 MANILA, Philippines — The Philippines’ gross domestic product (GDP) is expected to fall at its worst rate in at least 36 years, no thanks to the COVID-19 pandemic’s debilitating impact on the domestic as well as global economies.

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by Louella Desiderio (The Philippine Star), 23 Sep 2020 MANILA, Philippines — Over 4,400 workers are being let go by garments firms operating in Cebu due to the COVID-19 pandemic.

by Lawrence Agcaoili (The Philippine Star), 23 Sep 2020 MANILA, Philippines — The country’s banking industry recorded a double-digit growth in deposits in the first semester as more Filipino households substantially raised their savings amid the coronavirus pandemic, according to the Bangko Sentral ng Pilipinas (BSP).

by Jarius Bondoc (The Philippine Star), 23 Sep 2020 China state units are creeping into Philippine armed forces bases, after grabbing territorial and exclusive waters. High Filipino officials are abetting it.

by Paolo Romero (The Philippine Star), 23 Sep 2020 MANILA, Philippines — The Department of Social Welfare and Development (DSWD) was not able to distribute some P10 billion in aid to an estimated four million families affected by COVID-19 as mandated by the Bayanihan to Heal as One Act.

by Delon Porcalla (The Philippine Star), 23 Sep 2020 MANILA, Philippines — There will be no more lifestyle checks on officials suspected of stealing taxpayers’ money, according to Ombudsman Samuel Martires, who called the procedure “illogical.”

by Janvic Mateo (The Philippine Star), 23 Sep 2020 MANILA, Philippines — In addition to millions of elementary and high school students who have yet to enroll this school year, thousands are also expected to temporarily stop their college education this year due to the economic impact of the COVID-19 pandemic.

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by Ben O. de Vera, Philippine Daily Inquirer, 23 Sep 2020 MANILA, Philippines—The exodus of Philippine offshore gaming operators (Pogos) will not only shed tax revenues but also leave behind sizable office and condominium spaces empty, which was last seen during the Asian financial crisis over two decades ago.

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by Mary Grace Padin (The Philippine Star), 22 Sep 2020 MANILA, Philippines — The Bureau of the Treasury (BTr) made a full award of the P20 billion worth of Treasury bills (T-bills) auctioned yesterday even as rates moved up across-the-board.

by Louise Maureen Simeon (The Philippine Star), 22 Sep 2020 MANILA, Philippines — The government is urging cigarette manufacturers to nearly double their procurement of local tobacco as the industry gears up for the new season.