Calabarzon to MGCQ, Dominguez Bats Metro Manila
Metro Manila and Calabarzon are due to be placed "as quickly as possible" under the more gentle modified general community quarantine (MGCQ) to boost the economy of the country in the midst of the coronavirus pandemic. Finance Secretary Carlos Dominguez...
Issuing Bank Certifications of PH Banks
The Philippine financial system is 'sound' and 'very tight' guidelines are in effect when it comes to issuing bank certifications. The Philippine Bankers Association (BAP) assured in the midst of controversy over beleaguered German fintech Wirecard. "Some individuals can attempt...
India Starts to Ban Chinese Apps
The Indian government has banned 59 Chinese smartphone apps such as TikTok and WeChat, the result of a great spread of anti-China sentiment in India.
T-bill Rates Fell Below 2% After Surprise
Treasury bill (T-Bill) rates fell below 2% on Monday following last week's shock by Bangko Sentral ng Pilipinas (BSP). And, strong interest rate cuts that sent a rush of interested investors to buy government securities in the midst of flushing...
POGOs Leaving PH Over Tax Issues, Lawmaker Says
Philippine Offshore Gaming Operations (POGOs) businesses are not our loss. Senate Minority Leader Franklin Drilon said this Monday amid the country's allegedly looming expulsion of POGOs as tax laws are enforced on online gaming. POGOs are not our loss, let's...
Wirecard Former Chief Arrived, No Footage Has Found
Wirecard former chief operating officer, Jan Marsalek, returned to the Philippines on June 23. Then, he left for China a day later, according to entries in the B (BI) central database. However, on Friday, Justice Secretary Menardo Guevarra said that...
For COVID-19 Response, PH Secures $5.76B in Loans
For COVID-19 response to the new coronavirus pandemic, Republic the Philippine government has secured more than $5,758 billion in foreign lending. Presidential spokesperson Harry Roque said funding for the COVID-19 response came from the Asian Bank for Development and the...
“Boycott China” Resurfaces Amidst Pandemic
Boycott, which China has often used as a means of diplomatic and political retaliation against other countries, has become a boomerang to China.
Gross Borrowings Surged by 593% due to COVID-19
With more loans to fund the response to COVID-19 that flowed during the first full month of lockdown, gross borrowings from the national government in April increased to P262.7 billion by 593 percent year-on-year. The latest Treasury Bureau data showed...
SWS Showed Filipinos’ Life Got Worse due to COVID-19
A survey by Social Weather Stations ( SWS) said 8 out of 10 Filipinos believe their quality of life has declined in the last 12 months, representing the worst pattern in the nearly 4-decade history of the survey. From May...