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Chile discloses $5.5 billion stimulus plan

Chile launched a massive $5.5 billion stimulus package after data showed its economy contracted 3.4 percent in October — the largest year-on-year drop in a decade — as widespread social unrest continues. The package unveiled by Finance Minister Ignacio Briones on Monday includes boosting 2020 public spending by $3.03 billion, to support small, medium and […] The post Chile discloses $5.5 billion stimulus plan appeared first on Daily Tribune......»»

Category: newsSource: tribune tribuneDec 3rd, 2019

PH economy to rebound in 2021

The Philippine economy is projected to recover and grow by 8 to 9 percent in 2021, First Metro Investment Corp. (FMIC) and the University of Asia and Pacific (UA&P) said. “With a huge $30-billion stimulus plan in the works and normalization of business operations, we project a notable rebound in GDP (gross development product) growth […].....»»

Category: newsSource:  manilatimes_netRelated NewsJun 8th, 2020

P100-B MSME rescue plan

A stimulus package worth from P80 billion to P100 billion is being discussed by economic managers to tide over micro and small businesses from the effects of the coronavirus disease 2019, Department of Trade and Industry Secretary Ramon Lopez said. Lopez added during the regular online forum Straight Talk with Daily Tribune the proposal under […] The post P100-B MSME rescue plan appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsMay 7th, 2020

Japan PM unveils $266B stimulus plan to boost economy

TOKYO, Japan – Japan's government Wednesday, July 27, announced a stimulus package worth more than 28 trillion yen ($266 billion) in its latest attempt to fire up the lukewarm economy, with the central bank expected to unveil its own measures this week.....»»

Category: newsSource:  rapplerRelated NewsJul 27th, 2016

Converge ICT hires four banks to plan P35-b IPO

Fiber internet company Converge ICT Solutions Inc. hired four banks to arrange a P35-billion initial public offering this year, sources said Wednesday......»»

Category: financeSource:  thestandardRelated NewsJul 2nd, 2020

Lufthansa readies backup plans amid opposition to $10.1B rescue package

Frankfurt--German airline group Lufthansa says it has backup plans ready in case shareholders reject a nine-billion-euro ($10.1 billion) pandemic rescue plan agreed with the state......»»

Category: financeSource:  thestandardRelated NewsJun 23rd, 2020

UK unveils & pound;1 billion schools catch-up plan after lockdown& nbsp;

British Prime Minister Boris Johnson on Friday said English schools would receive £1 billion ($1.2bn, 1.1bn euros) in funding to help pupils catch up after missing months of classes due to the coronavirus......»»

Category: newsSource:  thestandardRelated NewsJun 19th, 2020

Probe & lsquo;fertilizer scam& rsquo;& mdash;CL farmers

A network of farmers’ groups in Central Luzon has asked the Office of the Ombudsman to investigate the allegedly overpriced P1.8 billion fertilizer supply contracts approved by the Department of Agriculture last month under an emergency stimulus program amid the COVID-19 pandemic......»»

Category: newsSource:  thestandardRelated NewsJun 16th, 2020

Exporters back stimulus plan to support investors, MSMEs

The umbrella group of the country’s exporters is pushing for stimulus measures such as the Accelerated Recovery and Investments Stimulus for the Economy bill, COVID-19 Unemployment Reduction Economic Stimulus and the proposed reduction of the corporate income tax rate to 25 percent, to support investors and micro, small and medium enterprises......»»

Category: newsSource:  philstarRelated NewsJun 13th, 2020

Tablets for Quezon City students, internet allowance for teachers

The Quezon City government has allocated P2.9 billion to provide tablets for public high school students and internet allowance for teachers in line with the plan to shift to distance learning in the upcoming school year......»»

Category: newsSource:  philstarRelated NewsJun 7th, 2020

World Roundup: Vaccine plan gets $8.8 billion booster shot

Governments around the world have pledged $8.8 billion for global vaccines alliance Gavi to help immunization programs disrupted by coronavirus, prompting calls for global cooperation to ensure a potential COVID-19 vaccine is available to all......»»

Category: newsSource:  thestandardRelated NewsJun 6th, 2020

Russia to spend over $70 billion on virus recovery plan

The Russian government plans to spend about five trillion rubles ($72 billion) on a plan to restore the economy following the coronavirus shutdown, Prime Minister Mikhail Mishustin said Tuesday. The programme to boost employment, incomes and economic growth “contains over 500 actions, its cost over two years will be about five trillion rubles,” Mishustin told […] The post Russia to spend over $70 billion on virus recovery plan appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsJun 2nd, 2020

Sotto proposes P548-B ‘economic stimulus strategy’

Senate President Vicente Sotto has proposed an “economic stimulus strategy” worth at least P548 billion to help the Philippines recover from the COVID-19 pandemic’s social and economic impacts. Sotto yesterday disclosed that he has filed Senate Bill No. 1542 proposing a stimulus program to “restore economic growth, maintain employment levels, and expand the productive capacity of the […].....»»

Category: newsSource:  tempoRelated NewsMay 27th, 2020

DBM sees only P130 billion in budget realignments for stimulus

DBM sees only P130 billion in budget realignments for stimulus.....»»

Category: financeSource:  bworldonlineRelated NewsMay 27th, 2020

DTI bares plan to increase tariffs on all imports by 5%

The Department of Trade and Industry on Monday disclosed a plan to increase the tariffs on all imports by 5 percent to raise additional revenues of P245 billion and help fund the government’s efforts to contain the pandemic......»»

Category: financeSource:  thestandardRelated NewsMay 26th, 2020

House set to OK 3 new bills to fight pandemic

MANILA, Philippines — The special House panel on coronavirus is poised to approve on Tuesday three new bills responding to the COVID-19 pandemic, including the proposed P548-billion Philippine Economic Stimulus Act (Pesa) and the Financial Institutions Strategic Transfer (FIST) Act. The third bill is a measure that would penalize acts of discrimination against any person […] The post House set to OK 3 new bills to fight pandemic appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsMay 26th, 2020

Indonesia eyes $1B rescue for virus-hit carrier Garuda

Indonesia is drawing up a $1.0 billion rescue plan for struggling national airline Garuda after the coronavirus forced the company to ground most of its planes, Bloomberg News reported Monday......»»

Category: newsSource:  thestandardRelated NewsMay 11th, 2020

Group seeks more focus on livestock, fishery in proposed P32-billion agri stimulus package

CEBU CITY, Philippines — The Philippine Chamber of Agriculture and Food Inc. (PCAFI) is urging Congress to include livestock and fishery in its proposed P32-billion economic stimulus-response package. This appeal was contained in a PCAFI letter addressed to Rep. Joey Salceda, chair of Congress’ Economic Stimulus-Response Package and Agriculture Secretary William Dar. PCAFI president Danilo […] The post Group seeks more focus on livestock, fishery in proposed P32-billion agri stimulus package appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsMay 6th, 2020

Economic losses from COVID-19 onslaught hit P700 billion

The National Economic and Development Authority is laying out a bounce-back plan......»»

Category: newsSource:  philstarRelated NewsApr 30th, 2020

Salceda wants LandBank, DBP to play & lsquo;immense role& rsquo; in PH stimulus plan

House Economic Stimulus Cluster co-chair Joey Sarte Salceda sees an “immense role” for state-run Land Bank of the Philippines and Development Bank of the Philippines in the country’s calibrated national economic stimulus plan......»»

Category: financeSource:  thestandardRelated NewsApr 26th, 2020

Gov’t banks-SME pairing crucial in economic recovery

There will be an “immense role” for government banks LandBank of the Philippines and Development Bank of the Philippines in the country’s calibrated national economic stimulus plan amid the Covid-19 crisis. LandBank and DBP are expected to expand their reach on and the relationship with small and medium enterprises (SMEs) and will be critical in […] The post Gov’t banks-SME pairing crucial in economic recovery appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsApr 26th, 2020