MANILA, Philippines — The government will evaluate if there is a need to extend the April 30 deadline of application for the Small Business Wage Subsidy (SBWS) program after the Social Security System’s website crashed due to huge traffic. Finance Secretary Carlos Dominguez said the extension is being considered while the SSS is fixing its […]
Read MoreMANILA, Philippines — The Bureau of Customs (BOC) has sent another batch of trash back to South Korea after they were illegally shipped in the Philippines, joining other Southeast Asian countries in pushing back against international trash exports. In a statement Wednesday, the Department of Finance (DOF), the BOC’s mother agency, said some 2,676 metric tons […]
Read MoreBSP says flat growth is best case scenario MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) expects the economy to contract by as much as one percent this year as monetary and fiscal authorities ramp up efforts to prepare for a soft landing amid the coronavirus disease 2019 or COVID-19 pandemic. BSP Governor Benjamin […]
Read MoreMANILA, Philippines — Grab is going full blast with an on- demand grocery service to help deliver essential needs as people are encour- aged to stay at home. With the limitations and restrictions due to the coronavirus disease 2019 or COVID-19, Grab said it is providing a solution that makes buying of basic necessities easier […]
Read MoreMANILA, Philippines — The peso has remained stable despite the havoc caused by the coronavirus pandemic on the global economy and financial markets, according to the Department of Finance. DOF Undersecretary Gil Beltran said the peso ranked third among the three currencies in Asia that maintained their value against the dollar as of April 15. […]
Read MoreMANILA, Philippines — S&P Global Ratings expects the Philippine economy to contract this year as businesses came to a grinding halt amid the coronavirus disease 2019 or COVID-19 outbreak. In a report, the debt watcher said it now expects the Philippine economy to contract by 0.2 percent instead of growing by 4.2 percent this year. […]
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