Regional Updates (04/12/21)

2 northbound lanes of Skyway Extension now open and temporarily toll-free TWO of three lanes of the Skyway Extension project’s northbound section have been opened to motorists, San Miguel Corp. (SMC) announced on Monday. The northbound section that covers four kilometers from Susana Heights to Sucat in Parañaque can now be used by light vehicles […]

House exploring ‘deficit-neutral’ ways to finance third stimulus

A THIRD ROUND of economic stimulus is likely to be enacted and Congress is currently exploring with economic managers how to fund it without adding to the budget deficit, including withdrawing retained earnings from government corporations, the chairman of the House of Representatives committee on ways and means said. In a statement Monday, Representative Jose […]

Easing quarantine not enough to convince some businesses to open

SOME BUSINESSES are choosing to remain closed until the end of April despite the loosening of quarantine restrictions, Trade Secretary Ramon M. Lopez said. “Base sa aming mga nakakausap na mga SMEs (small- and medium-sized enterprises), lalo na sa restaurant industry, sabi nila, marami sa kanila magsasara na lang muna hanggang matapos ang Abril (Our […]

Cavite extends deadline to buy bid documents for Sangley airport plan

THE CAVITE government has extended the deadline for prospective bidders of the Sangley Point International Airport project to buy bid documents due to the quarantine restrictions imposed on the province. “In response to written requests and in view of the recent ECQ (enhanced community quarantine) status declaration in NCR (National Capital Region) Plus including the […]

DoE circular on energy efficiency projects out soon

THE DEPARTMENT of Energy (DoE) said that it is set to finalize this week a department circular on how energy efficiency (EE) projects will be endorsed to the Board of Investments (BoI) for fiscal incentives. “The DoE has collaborated with other government agencies to stimulate investment through the use of energy efficient technologies in designated […]

Peso may rise vs dollar on remittances data

THE PESO could strengthen versus the dollar this week on the back of an expected recovery in remittances. The local unit finished at P48.54 against the greenback on Thursday, gaining 4.5 centavos from its P48.585 close on Wednesday, data from the Bankers Association of the Philippines showed. Meanwhile, it depreciated by a centavo from its […]

COVID-19, tensions with China to affect market

TRADING at the stock market this week will remain choppy as investors monitor the rising of coronavirus disease 2019 (COVID-19) cases in the country and recent tensions in the disputed West Philippine Sea. The Philippine Stock Exchange index (PSEi) declined by 106.54 points or 1.6% to close at 6,545.17 on Thursday. Week on week, the […]

Chiefs of Philippine, US military discuss South China Sea affairs

By Vann Marlo M. Villegas and Kyle Aristophere T. Atienza, Reporters THE PHILIPPINE Defense chief discussed the situation in the South China Sea and regional security developments with his US counterpart on Sunday, according to the country’s military spokesman, amid increased Chinese presence in the disputed waterway. Philippine Defense Secretary Delfin N. Lorenzana and US […]

Lockdown in metro, nearby areas eased from April 12 to 30

By Kyle Aristophere T. Atienza and Vann Marlo M. Villegas, Reporters PHILIPPINE President Rodrigo R. Duterte on Sunday eased the lockdown in Manila, the capital and nearby cities and provinces while urging local governments to boost their response to the coronavirus pandemic. Metro Manila would be under a modified enhanced community quarantine from April 12 […]

Nationwide round-up (04/11/21)

Employers, workers groups say more cash aid needed with another lockdown BOTH employers and employees on Sunday said another week of a strict lockdown in the Philippine capital and nearby provinces will be difficult if no aid will be given to affected sectors, adding restrictive measures cost billions to the economy daily. “You’re looking at […]

Regional Updates (04/11/21)

Courts in Metro Manila, nearby provinces to remain closed COURTS in the capital region and neighboring provinces of Bulacan, Cavite, Laguna, and Rizal will remain physically closed until April 18, the Supreme Court ordered on Saturday. “Considering the unabated rise of Covid-19 (coronavirus disease 2019) cases, the requests of the judges and court personnel, and […]

DoT to propose adoption of IATA Travel Pass to IATF

IATA By Arjay L. Balinbin, Senior Reporter THE TOURISM department is set to present a proposal to the Inter-Agency Task Force on Emerging Infectious Diseases (IATF) for airlines to adopt a platform developed by the International Air Transport Association (IATA) that will enable passengers to digitally manage their travel documents and share their test and […]

DoF pushing for localized lockdowns, unhampered logistics

THE GOVERNMENT needs to limit lockdowns to defined high-risk areas only and ensure smooth delivery of goods and services to minimize the impact on the economy, the Department of Finance (DoF) said. “Like fiscal incentives that should be time-bound and targeted, strict quarantine measures, if and when they are called for, should be localized and […]

Global renewable generating capacity rises 10% in 2020

GLOBAL RENEWABLE generating capacity grew 10% last year to around 2,799 gigawatts (GW) despite the economic slowdown caused by the pandemic, according to the International Renewable Energy Agency (IRENA). An IRENA official said in a statement that 2020 is the beginning of the “decade of renewables.” “Renewables’ rising share of the total is partly attributable […]

Marikina to Pasig cable car project endorsed to NEDA

THE DEPARTMENT of Transportation (DoTr) said it recently endorsed a project proposal to the National Economic and Development Authority (NEDA) for the construction of a cable transit system between the Light Rail Transit (LRT) Line 2’s Santolan Station in Marikina City to Barangay Rosario in Pasig City. “The feasibility study as well as the other […]

Level up your gaming experience with vivo Y20s [G]

Games provoke various sensations in every stage. During the challenges, players participate with full of excitement and energy. Then marvelous feels would arise when they achieve victory. Yet in the virtual arena, the electronic device would also have a large impact on the gaming experience. Thus, players expect them to match their abilities for a […]

Philippines records 401 coronavirus deaths, highest daily increase

MANILA – The Philippines’ health ministry on Friday reported 401 new coronavirus deaths, the highest single-day spike in fatalities since the start of the pandemic, and 12,225 additional infections. In a bulletin, the ministry said total confirmed cases had risen to 840,554, while confirmed deaths had reached 14,520. It said 213 cases previously tagged as […]

Speed up your game with the new vivo Y20s [G]

vivo’s newest budget smartphone can be pre-ordered on April 10-15, with free True Wireless Earphones Playing games like Mobile Legends or League of Legends on smartphone has become one of the ways Filipinos pass time, especially with the lockdown still keeping many at their homes most of the time. As smartphones get more upgraded and […]

A taxing question for multinationals leaves stocks unscathed

LONDON — A global minimum corporate tax rate could deal a major blow to the multinationals which some governments allege shift billions of dollars in profits every year to low-tax havens, as well as triggering a fundamental reassessment of corporate earnings. The chances of such reform rose this week as Treasury Secretary Janet Yellen threw […]