Business

Dominguez cites need to open up economy

MANILA – Finance Secretary Carlos Dominguez III cited the need to allow the economy to continue opening up to allow the people to “get back on their feet” and regain what was lost during the community quarantine amid the coronavirus disease (Covid-19) pandemic.   During the televised public a ...

Finance Secretary Carlos Dominguez III

PNA | 2 days ago

Business

Biz group lauds Davao City aid to taxpayers, jobless

DAVAO CITY--The Davao City Chamber of Commerce and Industry, Inc. (DCCCII) expressed its gratitude on Thursday to the city government here for giving assistance to local taxpayers and unemployed individuals. “We would like to thank the city government for the assistance to farmers, and thank it for the assis ...

Davao City Chamber of Commerce and Industry, Inc. President John Carlo Tria.

PNA | 2 weeks ago

Business

PH committed to Universal Health Care implementation: DOF chief

MANILA – Authorities are in talks on how to address Philippine Health Insurance Corporation (PhilHealth) financing woes and its impact on the Universal Health Care (UHC) Act.   In a Viber message to journalists Wednesday, Finance Secretary Carlos Dominguez said officials of the Department of Finance (DOF), the Department ...

Finance Secretary Carlos Dominguez

PNA | 2 weeks ago

Business

PMAP asks DOLE for clear rules on temporary wage cuts

MANILA – The People Management Association of the Philippines (PMAP) is asking the Department of Labor and Employment (DOLE) to issue clearer rules on negotiating temporary wage reductions with employees amid the coronavirus pandemic.   In a webinar Wednesday, PMAP executive director Rene Gener said some ...

PNA photo

PNA | 2 weeks ago

Business

Innovative, flexible training needed to upskill labor force: NEDA

MANILA – Following the latest results of the Philippine Statistics Authority’s (PSA) labor force survey (LFS), more innovative and flexible learning programs are needed to respond to the challenges of preserving and creating jobs amid the coronavirus disease 2019 (Covid-19) pandemic, the National Economic and Development Authority (N ...

PNA | 2 weeks ago

Business

BSP investigating DOSRI violation of a big bank: Diokno

MANILA – Monetary authorities are now investigating allegations of illegally approved multi-billion loans by officials of a universal bank, said Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno on Monday.   In a Viber message to journalists, Diokno did not identify the financial institution but ...

PNA | 2 weeks ago

Business

PH seen to still post BOP surplus in '20 despite pandemic

MANILA – Philippine monetary officials continue to see a surplus in the country’s balance of payment (BOP) position this 2020 despite the economic impact of the coronavirus disease 2019 (Covid-19) pandemic.   In a Viber message to journalists Thursday, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said ...

PNA | 2 weeks ago

Business

DOF warns public vs. cryptocurrency

MANILA – The Department of Finance (DOF) has warned the public against believing information saying that DOF Secretary Carlos Dominguez III is promoting a cryptocurrency auto-trading program called Bitcoin Revolution.   In a statement Thursday, the department said DOF employees have also seen similar inv ...

PNA | 3 weeks ago

Business

DOF chief cautions legislators vs. unsustainable stimulus program

MANILA – Department of Finance (DOF) Secretary Carlos Dominguez III has cautioned lawmakers against approving measures that the national budget cannot finance and increase the budget gap beyond acceptable level.   In a speech during the Sulong Pilipinas e-conference with the business community Monday, Do ...

PNA | 3 weeks ago

Business

US likely suffered 'heartbreaking' unemployment in May

Washington, United States | AFP | - Even as the world's largest economy begins to reopen, the scale of the job losses in May will be devastating, and economists fear it will take many months to recover. More than 21 million jobs disappeared in March and April as the unemployment rate surged to n ...

Photo by Sharon McCutcheon on Unsplash

Agence France Presse | 4 weeks ago