Companies

The global response to the current COVID-19 pandemic have led to a decline in the global economy, with the majority of businesses, big or small, that run through physical stores being the most affected.

The gross domestic product (GDP) dipped 0.2 percent in the first quarter as the economy shrank after more than two decades due to the COVID-19 pandemic.

The country’s economic managers are deliberating a P80-billion to P100-billion stimulus package for micro and small businesses to help them cope with the disastrous economic effects of the COVID-19 pandemic, according to Department of Trade and Industry Secretary Ramon Lopez.

The Manila International Airport Authority (MIAA) has incurred over a billion pesos in financial losses due to air travel restrictions arising from the COVID-19 pandemic.

The Philippine Senate is seriously considering providing a “liability shield” for local businesses, on the trail of a similar bill filed in the US Congress that many American businessmen are clamoring when the US economy starts to reopen.

Statistics show that 77% or more than 7 out of 10 Filipinos have never been to a dentist. This is according to the National Monitoring and Evaluation Dental Survey conducted by the Department of Health. While the Philippine Dental Association (PDA) reported that 78% of Filipino children below 12 years old have dental problems. 

• Throughput increased 5% to 10.2 million TEUs• Revenues grew 7% to USD1.5 billion • EBITDA improved 10% to USD830.1 million

Aiming to be an irreplaceable global partner, AISIN joins the 13th Manila Auto Salon at the SMX Convention Center this November 14-17, 2019 to showcase their aftermarket products.

Federalism stands to immensely benefit more than 1,400 towns and municipalities throughout the country through faster allocation of budgeting requirements for their respective developmental projects.

The Department of Trade and Industry (DTI) is partnering with USAID, Lead-More, and Havas Ortega to train women entrepreneurs on using digital tools to grow their business. The three-month program will be piloted in Region 4A in April, Iloilo in July, and Cagayan de Oro in October.