Business

The Economy

World Bank Group launches first operations for COVID-19 emergency health support, strengthening developing country responses

Broader economic program would provide up to $160 billion over next 15 months The World Bank’s Board of Executive Directors today approved a first set of emergency support operations for…

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The Economy

In hopes of normalising the new reality of social distancing, gradual lifting of community quarantine recommended by DTI Secretary Lopez

In order to further normalise and get society adjusted to the new norm of social distancing in the Philippines, Secretary Ramon Lopez of the Department of Trade and Industry will…

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The Economy

To protect consumers, regulations against hoarders and profiteers during COVID-19 crisis strictly enforced by government departments

The Department of Trade and Industry (DTI), along with the National Bureau of Investigation (NBI) and the Philippine National Police Criminal Investigation and Detection Group (PNP-CIDG), seized a total of…

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The Economy

Department of Agriculture intensifies urban agriculture development through veggie seed distribution due to COVID-19 crisis

To ensure food availability and sustain production amidst the threat of COVID-19, the Department of Agriculture (DA) is intensifying the promotion of urban agriculture through the distribution of free vegetable…

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8th PropertyGuru Philippines Property Awards 2020 moves anticipated gala night to September

Online nominations remains open and is extended until early June in light of the global health crisis Ceremony and gala event recognising real estate excellence in the Philippines postponed to…

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The Economy

Government departments to ensure mandated price freeze on basic necessities and prime commodities during quarantine

Department of Trade and Industry (DTI) Secretary Ramon Lopez and Department of Agriculture (DA) Secretary William Dar are working closely with local government units (LGUs) to ensure the proper implementation…

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The Economy

To weather storm brought on by COVID-19, businesses can avail of financial assistance from the Development Bank of the Philippines

The state-owned Development Bank of the Philippines (DBP) is ready to provide financing to businesses and local government units (LGUs) which may be affected by the quarantine imposed by the…

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The Economy

Despite Covid-19 crisis, automobile sales in the Philippines projected to grow in 2020

Due to negative impacts of the Covid-19 outbreak, the Philippines’ automotive industry is forecasted to grow by only 0.4 percent this year to 371,345 units, lower from its previous projection of…

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The Economy

Philippine peso remains resilient after tumultuous week in the global economy

Despite economic uncertainty amongst the doldrums of the covid-19 virus, the Philippine peso continued to display its remarkable resiliency—ending the week sideways against the dollar. The local currency ended the…

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Entrepreneur

P1 billion Enterprise Rehabilitation Financing facility for businesses impacted by Covid-19 lockdown to be prepared by the Small Business Corporation

To provide assistance and support to micro and small businesses affected and cushion the economic impact of the spread of Covid-19 virus in the country, the Small Business Corporation is…

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Enough food supply to feed entire Luzon assured by the Department of Agriculture

Department of Agriculture Secretary William D. Dar advised and reassured the general public that enough food supply is sustainable for residents particularly in Metro Manila and Luzon after the Philippine…

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Entrepreneur

Nationwide price freeze enacted in the Philippines

Joint Memorandum Circular (JMC) No. 2020-01 issued on March 18, 2020 reiterates the implementation of a nationwide price freeze on all agricultural and manufactured basic goods, essential medicines, and other…

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To address issues of panic buying and hoarding, reasonable limit set on the purchase of basic goods by the Department of Trade and Industry

In order to ensure the reasonable prices and sufficiency of the supply of basic necessities and some essential medical supplies on the market, the Department of Trade and Industry (DTI)…

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The Economy

Bureau of Internal Revenue extends tax filing deadline to May 15, urges taxpayers to file early to support fight vs COVID-19

Manila — The Bureau of Internal Revenue (BIR) has extended the deadline for the filing of the 2019 annual Income Tax Returns (ITRs) by a month to May 15, 2020,…

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The Economy

Almost 25 million jobs could be lost worldwide as a result of COVID-19, says the International Labour Organization

An initial assessment of the impact of COVID-19 on the global world of work says the effects will be far-reaching, pushing millions of people into unemployment, underemployment and working poverty,…

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Asian Development Bank Announces $6.5 Billion Initial Response to COVID-19 Pandemic

Manila, Philippines — The Asian Development Bank (ADB) today announced a $6.5 billion initial package to address the immediate needs of its developing member countries (DMCs) as they respond to the…

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Entrepreneur

Department of Trade and Industry releases guidelines for business operations amid COVID-19

The Department of Trade and Industry (DTI) releases today, 16 March 2020, Memorandum Circular (MC) No. 20-04, Series of 2020, prescribing the implementing guidelines for business operations following previously issued Resolution…

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U.S. and Philippine Department of Health partner to combat COVID-19 in the Philippines

Manila — The U.S. Embassy in the Philippines announced today that the U.S. government has committed more than Php139 million ($2.7 million) to support the Philippine Department of Health (DOH)…

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World Bank Group increases COVID-19 response to $14 Billion to help sustain economies, protect jobs

Focus on private sector and workers spearheaded by IFC to mitigate financial and economic impact of crisis Washington — The World Bank and IFC’s Boards of Directors approved today an…

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Entrepreneur

Manufacturers assure sufficient supply of basic goods and disinfectants in the market—Department of Trade and Industry

Makati City — The Department of Trade and Industry (DTI) convened the manufacturers of basic necessities and prime commodities (BNPC), and alcohol and other disinfectants in a meeting today following…

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World Bank Group launches first operations for COVID-19 emergency health support, strengthening developing country responses

In hopes of normalising the new reality of social distancing, gradual lifting of community quarantine recommended by DTI Secretary Lopez

To protect consumers, regulations against hoarders and profiteers during COVID-19 crisis strictly enforced by government departments

Department of Agriculture intensifies urban agriculture development through veggie seed distribution due to COVID-19 crisis

8th PropertyGuru Philippines Property Awards 2020 moves anticipated gala night to September

Government departments to ensure mandated price freeze on basic necessities and prime commodities during quarantine

To weather storm brought on by COVID-19, businesses can avail of financial assistance from the Development Bank of the Philippines

Despite Covid-19 crisis, automobile sales in the Philippines projected to grow in 2020

Philippine peso remains resilient after tumultuous week in the global economy

P1 billion Enterprise Rehabilitation Financing facility for businesses impacted by Covid-19 lockdown to be prepared by the Small Business Corporation

Enough food supply to feed entire Luzon assured by the Department of Agriculture

Nationwide price freeze enacted in the Philippines

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To address issues of panic buying and hoarding, reasonable limit set on the purchase of basic goods by the Department of Trade and Industry

Bureau of Internal Revenue extends tax filing deadline to May 15, urges taxpayers to file early to support fight vs COVID-19

Almost 25 million jobs could be lost worldwide as a result of COVID-19, says the International Labour Organization

Asian Development Bank Announces $6.5 Billion Initial Response to COVID-19 Pandemic

Department of Trade and Industry releases guidelines for business operations amid COVID-19

U.S. and Philippine Department of Health partner to combat COVID-19 in the Philippines

World Bank Group increases COVID-19 response to $14 Billion to help sustain economies, protect jobs

Manufacturers assure sufficient supply of basic goods and disinfectants in the market—Department of Trade and Industry

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