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DTI approves P3.3 billion loans for MSMEs

The Department of Trade and Industry has approved over P3.3 billion worth of loans under a facility to assist micro, small and medium enterprises dealing with the impact of COVID-19 pandemic......»»

Source: Philstar PhilstarCategory: NewsApr 8th, 2021Related News

Agriculture groups ask Duterte to stop MAV hike

Various agriculture associations have banded together to appeal to President Duterte to reject the Department of Agriculture‘s plan to increase the minimum access volume and reduce tariffs on pork, saying such measures will negatively impact the industry......»»

Source: Philstar PhilstarCategory: FinanceApr 7th, 2021Related News

Medellin road accident: One killed, another injured

CEBU CITY, Philippines – Bemer Lindayao, 26, took advantage of the near empty roads in Medellin town on Good Friday for a motorcycle road test. But he did not see the approaching tricycle driven by Porferio Titoy, 56. The impact of the collision killed Lindayao while Titoy was also brought to provincial hospital in Bogo […] The post Medellin road accident: One killed, another injured appeared first on Cebu Daily News......»»

Source: Inquirer InquirerCategory: NewsApr 3rd, 2021Related News

GT Capital profit down 68% to P6.5 billion

GT Capital Holdings Inc., the conglomerate of the Ty Group, saw its net income fall by 68 percent last year to P6.5 billion due to the negative impact of the COVID-19 pandemic......»»

Source: Philstar PhilstarCategory: FinanceMar 29th, 2021Related News

Flight caps causing & lsquo;great harm& rsquo;

The government’s strict daily cap for international passenger arrivals at the Manila airport would have a “minimal impact” on COVID-19 prevention but will “cause great harm” to the industry, a source from the aviation sector said......»»

Source: Abscbn AbscbnCategory: SportsMar 29th, 2021Related News

Business groups wary of ECQ impact on SMEs

Employers and business groups expressed fear over the dire consequences of the renewed lockdown measures over the weekend after the government imposed an enhanced community quarantine (ECQ) in Metro Manila and nearby provinces as new COVID-19 cases surged to record levels......»»

Source: Thestandard ThestandardCategory: NewsMar 29th, 2021Related News

Suez Canal blockage to impact Philippine trade

Philippine trade may face some headwinds due to a massive vessel stuck in the Suez Canal, which could result to delays in both imports and exports while driving shipping costs up further......»»

Source: Philstar PhilstarCategory: FinanceMar 28th, 2021Related News

Pressure on profitability of Philippine banks seen lighter this year

The pressure on the profitability of Philippine banks is expected to be lighter amid the accommodative policy stance of the Bangko Sentral ng Pilipinas to help cushion the impact of the COVID-19 pandemic on the economy......»»

Source: Philstar PhilstarCategory: FinanceMar 28th, 2021Related News

CREATE to offset 1-week ECQ impact

As the approved Corporate Recovery and Tax Incentives for Enterprises (CREATE) Law would be the biggest stimulus measure of the country, the possible impact of the imposed enhanced community quarantine or ECQ for one week was expected to be offset by such. Michael Ricafort, chief economist at the Rizal Commercial Banking Corp. said that the […] The post CREATE to offset 1-week ECQ impact appeared first on Daily Tribune......»»

Source: Tribune TribuneCategory: NewsMar 28th, 2021Related News

Looking Back: ECQ and post-ECQ Cebu City

CEBU CITY, Philippines – When the Cebu City Government decided for the city, with a population of roughly one million, to be placed under Enhanced Community Quarantine (ECQ) on March 28, 2020, life for many Cebuanos changed. The lockdown and its aftermath, manifested in multiple forms, had great impact on the public – ranging from […] The post Looking Back: ECQ and post-ECQ Cebu City appeared first on Cebu Daily News......»»

Source: Inquirer InquirerCategory: NewsMar 28th, 2021Related News

The United States is negotiating a Mexican plan to ban GM corn

“It will not have a big impact, as if it were all at once,” he said at a hypothetical event organized by the National Press.....»»

Source: Thedailyguardian ThedailyguardianCategory: NewsMar 27th, 2021Related News

Antipolo offers tax relief for pandemic-hit private schools

The local government of Antipolo has offered tax relief to private schools in the city to help ease the economic impact of the coronavirus pandemic. “Good news to private educational institutions! The city council approved the granting of tax relief to all private schools,” the city government said in a social media post.   “This […] The post Antipolo offers tax relief for pandemic-hit private schools appeared first on Daily Tribune......»»

Source: Tribune TribuneCategory: NewsMar 27th, 2021Related News

Commentary: A year of small victories, big impact amid COVID-19 pandemic

It is hard to imagine that the country has been in a perpetual state of lockdown since March 2020......»»

Source: Philstar PhilstarCategory: NewsMar 27th, 2021Related News

Go sends assistance to Cebu women’s group

With vulnerable sectors, among them women, still reeling over the impact of the pandemic, Senator Christopher Lawrence “Bong” Go recently sent assistance to 300 women belonging to different groups in Cebu City. Composed of women under the “Giya Ayuda sa Babaeng Sugbuanon” Federation (GABAY) under the Cebu City Women and Family Affairs Commission, the beneficiaries […] The post Go sends assistance to Cebu women’s group appeared first on Daily Tribune......»»

Source: Tribune TribuneCategory: NewsMar 26th, 2021Related News

Voter education site Vote Pilipinas gets upgrade

Impact Hub Manila, in partnership with the Philippines’ Commission on Elections, upgraded its voter education site Vote Pilipinas to include a Voter Registration Service Test. .....»»

Source: Thestandard ThestandardCategory: TechMar 26th, 2021Related News

SEC greenlights easier IPO rules

The Securities and Exchange Commission has approved the Philippine Stock Exchange’s move to relax the rules for initial public offerings this year and in 2022 in consideration of the negative impact of the COVID-19 pandemic on companies......»»

Source: Philstar PhilstarCategory: NewsMar 25th, 2021Related News

SEC eases listing rules, grants relief to companies eyeing IPO

The Securities and Exchange Commission said Thursday it approved the relaxation of listing rules and the grant of temporary relief to companies applying for initial public offerings in 2021 or 2022 to consider the impact of COVID-19 on businesses......»»

Source: Thestandard ThestandardCategory: FinanceMar 25th, 2021Related News

BSP maintains borrowing rate at a record-low of 2%

The Monetary Board, the policy-making body of the Bangko Sentral ng Pilipinas, on Thursday kept the benchmark interest rate at a record-low of 2 percent, taking into account the expected transitory impact of the higher inflation rate......»»

Source: Thestandard ThestandardCategory: FinanceMar 25th, 2021Related News

Rama disapproves groundbreaking of Carbon Market modernization

CEBU CITY, Philippines — Cebu City Vice Mayor Michael Rama has expressed his disapproval over the groundbreaking for the Carbon Market modernization program in a privilege speech delivered shortly after what he called a “hasty” event. Rama, who has raised issues on the project especially on its cultural impact on the market and the vendors […] The post Rama disapproves groundbreaking of Carbon Market modernization appeared first on Cebu Daily News......»»

Source: Inquirer InquirerCategory: NewsMar 25th, 2021Related News

BSP vows to keep stimulus actions

The Bangko Sentral ng Pilipinas said Wednesday it will maintain the stimulus measures it imposed to address the devastating impact of the COVID-19 pandemic until the economy fully recovers......»»

Source: Thestandard ThestandardCategory: FinanceMar 24th, 2021Related News