MOTORCYCLE taxis have been allowed to start providing service again after the government’s task force against the coronavirus issued guidelines on health and safety requirements. Under the guidelines, dated Nov. 4 but released only on the 10th, two-wheeled taxis as well as back-riding in tricycles
The Philippine economy remained in a recession in the third quarter, as gross domestic product contracted by 11.5%. — PHILIPPINE STAR/MICHAEL VARCAS THE Philippine economy continued to shrink for a third straight quarter, although at a slower pace compared with the second quarter, as lockdown restrictions
The government will revisit its macroeconomic projections, as the pandemic and recent typhoons pummel the economy. — PHILIPPINE STAR/EDD GUMBAN THE Development Budget Coordination Committee (DBCC) may revise macroeconomic projections once again, after latest data showed the economy is recovering slower than expected. “The DBCC will be
THE Philippine economy continued to shrink for a third straight quarter, although at a slower pace compared with the second quarter, as lockdown restrictions were further loosened amid the coronavirus disease 2019 (COVID-19) pandemic. Read the full story.
THE NONPERFORMING LOAN (NPL) ratio of Philippine banks rose for the eighth straight month in September, surging to its highest level in over seven years amid the economic slowdown. Data from the Bangko Sentral ng Pilipinas (BSP) showed the gross NPL ratio stood at 3.4% as
The Philippines received a failing mark in the “control of corruption” indicator in a scorecard by the Millennium Challenge Corp. — PHILIPPINE STAR/MICHAEL VARCAS A UNITED STATES government foreign aid agency has given the Philippines a failing mark in “control of corruption” on its latest scorecard
Senators say energy security at stake; DoE says $565-M deal still under scrutiny LAWMAKERS on Tuesday questioned the technical capability of a subsidiary of Udenna Corp. to participate in the Malampaya offshore gas-to-power project, whose operator signified its intention to sell its stake in the
The European Commission has charged Amazon with breaking competition rules, accusing it of abusing its dominant position in online retail. It said the tech firm used data on third-party sellers that use its marketplace to gain an advantage. It also launched a fresh investigation into the possible
The company behind foods such as gravy brand Bisto, custard-maker Ambrosia and Mr Kipling’s cakes says people turned to comfort foods during the pandemic. Premier Foods credited “exceptional” demand throughout lockdown for strong sales and profit figures for the past six months. It said it had gained
By Denise A. Valdez, Senior Reporter THE BELLWETHER Philippine Stock Exchange index (PSEi) stepped into the 7,000 level on Tuesday, reaching its highest level since February, as positive development on a possible coronavirus disease 2019 (COVID-19) vaccine improved investor sentiment across the globe. The main index closed
THE PESO weakened versus the dollar on Tuesday as the daily tally of coronavirus disease 2019 (COVID-19) cases increased again and after the government posted a worse-than-expected economic contraction in the third quarter. The local unit closed at P48.27 versus the dollar on Tuesday, declining by
THE DEPARTMENT of Health (DoH) reported 1,347 coronavirus infections on Tuesday, bringing the total to 399,749. The death toll rose by 14 to 7,661, while recoveries increased by 187 to 361,919, it said in a bulletin. There were 30,169 active cases, 83% of which were mild, 9.4%