Economy / Banking

PH gov’t tapping 3 sources for COVID-19 vaccine fund – DOF

Robie de Guzman   •   November 25, 2020

MANILA, Philippines – The government has identified three sources for its planned P73.2 billion novel coronavirus disease (COVID-19) vaccine fund that will enable the inoculation of the targeted 60 million...

SB Corp to process additional 15K small firms’ loan applications by December – DTI

Robie de Guzman   •   November 23, 2020

MANILA, Philippines – Department of Trade and Industry (DTI) Secretary Ramon Lopez announced that Small Business Corporation (SB Corp) will process an additional 15,000 loan applications before the year ends...

Deadline of tax payments, other charges imposed by LGUs extended – DOF

Robie de Guzman   •   November 10, 2020

MANILA, Philippines – The Department of Finance (DOF) on Tuesday said it has extended to Dec. 19 the payment of all local taxes, fees, and charges imposed by local government...

Burger King asks customers to order from rival McDonald’s in support of its employees

Marje Pelayo   •   November 5, 2020

UNITED KINGDOM — In a surprising marketing move, Burger King’s UK arm has asked its customers to order from other fast-food chains, including rival McDonald’s, to support its employees and...

Hotels may soon be allowed to accept more guests – DOT

Robie de Guzman   •   October 21, 2020

MANILA, Philippines – Hotels in areas classified under general community quarantine (GCQ) and modified GCQ will soon be allowed to accept guests at full capacity in a bid to help...

Skyway 3 set to open in December

Robie de Guzman   •   October 20, 2020

MANILA, Philippines – The entire 18-kilometer Skyway stage 3 expressway will have a soft opening in December, the San Miguel Corporation (SMC) announced Tuesday. SMC President Ramon Ang said the...

DTI to allow mall-wide sales to revive economy amid pandemic

Robie de Guzman   •   October 20, 2020

MANILA, Philippines – The Department of Trade and Industry (DTI) said it will once again allow the conduct of mall-wide sales to draw more shoppers as part of government efforts...

DOT, SB Corp. ink loan deal for pandemic-hit tourism MSMEs

Robie de Guzman   •   October 16, 2020

MANILA, Philippines – The Department of Tourism (DOT) announced it has signed a loan deal with the Department of Trade and Industry’s Small Business Corporation (SB Corp.) which aims to...

Staycations will help boost hotel industry, domestic tourism amid pandemic – DOT

Robie de Guzman   •   October 14, 2020

MANILA, Philippines – Several hotels in Metro Manila have opened for “staycations” amid general community quarantine, the Department of Tourism (DOT) said. Tourism Secretary Bernadette Romulo-Puyat said at least 10...

PHL secures US$213-M aid for poverty reduction programs

Robie de Guzman   •   October 13, 2020

MANILA, Philippines – The Department of Finance (DOF) on Monday announced that the Philippines has secured a $213 million (equivalent to P10.8 billion) grant from the United States. The aid...

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