MANILA – The Bangko Sentral ng Pilipinas (BSP) on Thursday reported the country’s highest foreign currency reserves amounting to USD88.995 billion as of March 2020. Data released...
GENEVA – The International Labor Organization (ILO) on Wednesday announced an increase in estimated full-time job losses to 10.5 percent of the world’s workforce to 305 million...
MANILA – The Philippines and the Asian Development Bank (ADB) signed Tuesday an agreement for a USD200-million loan on additional financing for the government’s efforts to provide...
LONDON – British Airways (BA) announced on Tuesday that it will cut 12,000 jobs as the coronavirus outbreak has grounded flights around the world. International Airlines Group...
MANILA — The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) has approved the suspension of charging of filing, processing, and licensing/registration fees for applications to...
MANILA – The Department of Finance (DOF) has proposed to extend the net operating loss carry-over (NOLCO) for small businesses to five years, with the government absorbing...
MANILA — San Miguel Corporation (SMC) has committed to grant full-time pay to all its employees and extended workforce as the ECQ remains in effect, even as...
MANILA — The Asian Development Bank (ADB) has approved a USD1.5-billion loan to help the Philippine government fund its coronavirus disease 2019 (Covid-19) response program and strengthen...
MANILA – With the extension of the enhanced community quarantine in Metro Manila and some provinces in the country, the Philippines is expected to join the worldwide...
MANILA – The country’s inflation rate is seen to decelerate below the government’s 2 percent to 4 percent target starting in the third quarter of 2020 until...