phil01
Read More

Philippines: PAL may lay off more personnel

MANILA, Philippines — Flag carrier Philippine Airlines (PAL) is not in immediate danger of bankruptcy, but may be forced to lay off more employees depending on how its recovery goes once commercial flights are allowed to resume. PAL president and COO Gilbert Santa Maria in an ANC interview yesterday said revenue losses of the company […]

Read More
phil03
Read More

Philippines: Tourist arrivals, receipts fall by 50% as of April as coronavirus bites

MANILA, Philippines — Foreign tourist arrivals fell by more than half in the first four months of the year as the coronavirus outbreak and state-initiated lockdowns continue to crimp travel and tourism at home and abroad. At Wednesday’s Senate hearing tackling the government’s response to the pandemic, Tourism Secretary Bernadette Romulo-Puyat said international visitor arrivals from January […]

Read More
phil01
Read More

Philippines: Fintech to play crucial role post-COVID — BSP

MANILA, Philippines — Financial technology (fintech) companies are crucial in helping the government shape and rebuild a new economy after the coronavirus disease 2019 or COVID-19 pandemic, according to the Bangko Sentral ng Pilipinas (BSP). In his keynote address titled “Pump-priming a digital economy post COVID-19,” BSP Governor Benjamin Diokno said the central bank has […]

Read More
logo
Read More

Philippines: BSP waives spread on rediscount loans

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is waiving anew the spread on its peso rediscount loans for two more months to allow banks to tap the facility to meet their temporary liquidity needs amid the coronavirus disease 2019 or COVID-19 pandemic. BSP Governor Benjamin Diokno said the Monetary Board, through Resolution 647, […]

Read More