Category : Headlines

Philippines allocates P240-billion for COVID-19 response in 2022 budget

The Philippines has allotted greater than P240 billion for the government s response towards the COVID-19 pandemic in the proposed 2022 price range, Malacañang introduced Thursday.

IMF stops funds to Afghanistan, reserves blocked from Taliban

Despite its swift takeover of the federal government in Afghanistan, the Taliban won't have entry to a lot of the nation's cash and gold stocks, whereas the IMF announced it will not present help.

Economic managers slash growth forecast to 4%-5% due to stricter quarantines

The Duterte administration s economic managers additional trimmed their financial progress projection for this yr because of the reimposition of stricter quarantine measures in mild of the threat of the highly contagious coronavirus Delta variant.

PPA warns of cargo shipment delays as China ports shut down due to COVID-19

The Philippine Ports Authority (PPA) on Wednesday referred to as on the Philippine-based importers and exporters to make the required operational adjustments as delays in the delivery of cargo loom after a number of ports in China partially closed be...

Bill amending bank secrecy law on Duterte s list of legislative priorities --BSP

The central bank-backed bill looking for to amend present financial institution secrecy regulation has been included amongst President Rodrigo Duterte s legislative priorities for the 18th Congress, the Bangko Sentral ng Pilipinas (BSP) stated Wednes...

Solar could be 40% of US power by 2035 --Biden administration

Photo voltaic might supply greater than 40% of the nation's electrical energy by 2035--up from three% today--if Congress adopts insurance policies like tax credit for renewable power tasks and element factories, in response to a memo revealed on Tues...

P5.2B worth of loans issued to pandemic-hit MSMEs -- DTI chief Lopez

Some P5.2 billion in loans have been released by the federal government to small businesses affected by the restrictions aimed toward limiting the unfold of COVID-19, the Department of Commerce and Business (DTI) stated Tuesday.

BIR reminds social media influencers, YouTubers to pay taxes

The Bureau of Inner Revenue (BIR) on Monday issued a memorandum to remind social media influencers, who're creating wealth via on-line content material, of their tax obligations.

Thailand downgrades 2021 outlook as COVID-19 hampers recovery

Thailand downgraded its economic progress forecast for 2021 on Monday as it battles its worst COVID-19 wave, which has brought report numbers of latest infections and deaths.

BSP: Remittances hit six-month high in June

Remittances grew to 7.0% in June to mark a six-month high, knowledge launched by the Bangko Sentral ng Pilipinas (BSP) on Monday revealed.

South Korea OKs import of poultry, pet birds from Philippines --DA

South Korea has lifted the suspension on the entry of poultry and pet birds from the Philippines, the Division of Agriculture (DA) announced over the weekend.

Solon seeks a minimum 10% increase in the 2022 agriculture budget

Albay Representative Joey Salceda on Saturday stated he will push for at the least a 10% improve in the agricultural finances in the 2022 Common Appropriations Act.

Employers group says economy important, lockdown no remedy

The Employers Confederation of the Philippines (ECOP) on Saturday stated reopening of the financial system is important to stop additional economic injury and job losses, together with continued rollout of COVID-19 vaccines and adherence to health pr...

Another round of fuel price rollback seen next week

Motorists can anticipate one other spherical of cuts within the pump costs of petroleum products within the coming week, in accordance with a forecast by Unioil Petroleum Philippines.

Britain's drug regulator set to make 25% of its staff redundant - report

Britain's drug regulator is about to make 25% of its employees redundant amid financial pressures, with up to 300 employees members being susceptible to dropping their jobs, the Monetary Occasions reported on Friday.