Concepcion: Private sector backs return to MECQ

Credit to Author: Red Mendoza| Date: Mon, 03 Aug 2020 16:26:05 +0000

Presidential Adviser for Entrepreneurship and Go Negosyo founder Jose Maria Concepcion said the private sector understands the plight of the medical frontliners and respects the decision of President Rodrigo Duterte to place Metro Manila and nearby areas under modified enhanced community quarantine (MECQ) until August 18. “We respect the decision of the President,” he said, […]

Read more

65% of businesses forced to shut down temporarily

Credit to Author: Anna Leah E. Gonzales| Date: Mon, 27 Jul 2020 16:16:10 +0000

A survey conducted by the Asian Development Bank (ADB) conducted from April 28 to May 15, 2020 showed at least 65.9 percent of enterprises temporarily closed after the enhanced community quarantine (ECQ) took effect to contain coronavirus disease 2019 pandemic. Results of the ADB Philippine Enterprise Survey released on Monday also showed that 29.1 percent […]

Read more

BoI investment pledges up by 112 percent

Credit to Author: Anna Leah E. Gonzales| Date: Mon, 13 Jul 2020 16:28:23 +0000

After registering declines during the enhanced community quarantine (ECQ), investment pledges approved by the Board of Investments (BoI) went up by 112 percent to P645.3 billion as of end-June this year from P304.4 billion a year ago. In a statement, the BoI said approved investments among domestic sources in the first half went up to […]

Read more

Factory output sinks by double digits in April

Credit to Author: Anna Leah E. Gonzales| Date: Fri, 05 Jun 2020 16:22:37 +0000

The country’s manufacturing production, both in volume and value, plunged by double digits in April on account of the negative impact of the government-imposed enhanced community quarantine (ECQ) on the sector. Results of the latest Monthly Integrated Survey of Selected Industries (Missi) released by the Philippine Statistics Authority on Friday showed that the Volume of […]

Read more

Infra, capital spending misses Jan-Mar target

Credit to Author: Mayvelin U. Caraballo, TMT| Date: Tue, 26 May 2020 16:42:17 +0000

The national government fell short of its infrastructure and capital expenditure target for the first quarter of 2020 despite higher spending in March, mainly because of the enhanced community quarantine (ECQ) it imposed to curb the spread of the coronavirus disease 2019 (Covid-19) in the country. The latest disbursement report of the Department of Budget […]

Read more

Palace to add 5M more families in SAP 2nd tranche

Credit to Author: Catherine S. Valente, TMT| Date: Sat, 23 May 2020 05:26:30 +0000

Malacañang has ordered the inclusion of five million additional poor families to the list of beneficiaries of the second wave of cash assistance under the government’s Social Amelioration Program (SAP). The memorandum, signed on May 22 by Executive Secretary Salvador Medialdea, retains the original number of beneficiaries who will receive the first tranche of cash […]

Read more

Metro Manila reopens even as worries linger

Credit to Author: Catherine S. Valente, TMT| Date: Sat, 16 May 2020 16:20:48 +0000

Metro Manila began a gradual reopening on Saturday even as parts of it were hesitant to lift the lockdown, and parts of Cebu extended the enhanced community quarantine because cases there remained high. Besides Metro Manila, the other areas that transitioned from an enhanced community quarantine (ECQ) to a modified version of it included the […]

Read more

Duterte returns home to Davao City

Credit to Author: Catherine S. Valente, TMT| Date: Sat, 16 May 2020 16:15:24 +0000

After two months holed up in the Palace, even President Rodrigo Duterte was eager to see his family, flying home to Davao City as soon as the enhanced community quarantine (ECQ) was lifted. In a text message sent to reporters on Saturday, Presidential Security Group chief Jesus Durante said, “Yes. He (Duterte) is in Davao […]

Read more

Meralco on high May billing: Meter reading accurate, transparent

Credit to Author: Jordeene B. Lagare| Date: Fri, 15 May 2020 12:54:25 +0000

MANILA Electric Co. (Meralco) on Friday assured its customers that its meter reading for May was accurate and transparent, amid complaints of high charges reflected in the billing for the month. Meralco spokesman Joe Zaldarriaga in a statement said the bill might be higher because of increased consumption in the wake of the enhanced community […]

Read more

JG Summit net profit falls 19% in Q1

Credit to Author: Faye Almazan| Date: Thu, 14 May 2020 16:23:57 +0000

Listed JG Summit Holdings Inc.’s net income dropped by 19 percent to P4.3 billion in the first quarter of 2020, which it mainly attributed to the impact of the enhanced community quarantine and other restrictions in the period to limit the spread of the coronavirus disease 2019 in the country. In a disclosure on Thursday, […]

Read more