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20 April

Blood of COVID-19 survivors can save lives

Researchers have recently manifested renewed interest in an old medical treatment for modern applications: convalescent plasma therapy.

20 April

DOST to test VCO as COVID-19 supplement

The Department of Science and Technology (DOST) is conducting clinical trials to check the efficacy of virgin coconut oil (VCO) as health supplement against COVID-19.

20 April

NCCA provides aid to affected artists

The National Commission for Culture and the Arts (NCCA) plans to give out P4-million cash assistance to artists and cultural workers affected by the COVID-19 crisis.

20 April

Oil prices fall to 18-year lows

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.

20 April

Businesses to do rapid testing on employees

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.

20 April

Philippine economy to contract in Q2 due to Covid-19

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.

20 April

DOF rejects call for debt payment moratorium

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’.

20 April

‘Rolling restart’ of economy possible – IATF

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.

20 April

BSP rediscount rates effective April 17 2020

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%.

20 April

Trump halts WHO funding, with world on edge over virus lockdowns

President Donald Trump decided to cut off US funding to the World Health Organization (WHO), accusing the UN body of mishandling the coronavirus crisis as governments grapple with how and when to get their struggling economies back to work.

TimeLine Layout

April, 2020