Business

The Bureau of the Treasury (BTr) plans to borrow P170 billion from the domestic market by issuing government securities.

Oil languished at multi-year lows, with WTI crude close to its weakest level since 2002, as dire warnings about a virus-triggered demand shock overshadowed massive output cuts.

A big number of businesses, including micro, small and medium enterprises (MSMEs), are planning to do rapid testing on their workers to fasttrack resumption of their operations.

The National Economic and Development Authority (NEDA) and local economists expect the economy to post a deep contraction in the second quarter this year due to the COVID-19 pandemic.

Finance Secretary Carlos Dominguez III rejected a call for government to consider a moratorium on its debt payment to raise more funds to fight the COVID-19 pandemic, calling it ‘narrow-sighted’.

Government is considering a “rolling restart” and “rolling reopening” schemes for the gradual lifting of the Luzon-wide enhanced community quarantine after April 30 to help jumpstart the economy while the coronavirus disease 2019 (COVID-19) pandemic is being contained, according to a member of the Inter-Agency Task Force (IATF) on Emerging Infectious Diseases.

In its meeting last April 16, 2020, the Monetary Board (MB) decided among others to reduce policy rates by 50 basis points to 2.75% and interest rate on overnight lending facility to 3.25%. 

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.