April 04, 2020 - Saturday
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Business

Fitch unit forecasts lower household spending in PH

MANILA – Household spending in the Philippines this year is projected to slow down due to the quarantine measures implemented by the government amid the coronavirus disease 2019 (COVID-19) outbreak, a unit of Fitch Group said.   In a report dated March 31, Fitch Solutions said household spending in the c ...

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PNA | 16 hours ago

Business

Fragrance maker Givaudan to make hand sanitiser in virus fight

Zurich, Switzerland | AFP | -Swiss fragrance producer Givaudan said Thursday it would produce 60 tonnes of hand sanitiser over the next two weeks to meet chronic shortages of the product needed to tackle the coronavirus pandemic. The world's biggest fragrance and flavouring company said it had s ...

Laboratoire Givaudan le 4 octobre 2012 à Argenteuil (Val-d'Oise) © ERIC FEFERBERG / AFP/Archives

Agence France Presse | 16 hours ago

Business

TESDA urges Filipinos to avail of online courses

MANILA -- With many Filipinos staying in their homes with the implementation of the Luzon-wide enhanced community quarantine (ECQ) amid the coronavirus disease 2019 (COVID-19) scare, Technical Education and Skills Development Authority (TESDA) Secretary Isidro Lapeña is urging everyone to avail themselves of the ...

PNA | 16 hours ago

Business

DOF issues guidelines on tax-free imports of PPEs, test kits, and medical supplies

  The Department of Finance (DOF) has issued guidelines on the tax and duty exemption of imports of medical equipment and supplies intended for healthcare frontliners to combat the coronavirus disease 2019 (COVID-19) pandemic.   “During these difficult times, we have to prioritize measures to facilitate the s ...

MDM | 16 hours ago

Business

EU chief apologizes to Italy but baulks at 'corona bonds'

Rome, Italy | AFP | - European Commission chief Ursula von der Leyen told Italy Thursday that European nations were ready to help it deal with the coronavirus after initially focusing on "their own home problems". But the EU leader stopped short of agreeing to Rome's request for the bl ...

European Commission President-elect Ursula von der Leyen speaking at a press conference in Strasbourg, France, on Nov 27, 2019. PHOTO: AFP

Agence France Presse | 16 hours ago

Business

DBM releases P100B for social amelioration programs of DSWD

MANILA -- The Department of Budget and Management (DBM) has released P100 billion to the Department of Social Welfare and Development (DSWD) to cover the funding requirements for the social amelioration programs to mitigate the impact of the coronavirus disease 2019 (COVID-19).   The release is in pursuant to ...

PNA | 16 hours ago

Business

ANZ Research eyes add’l monetary easing to address pandemic

MANILA – ANZ Research forecasts more policy easing from the Bangko Sentral ng Pilipinas (BSP) to help address the economic impact of the coronavirus disease 2019 (COVID-19).   This, as the economic and financial markets research arm of Melbourne-headquartered Australia and New Zealand Banking Group Limit ...

PNA | 1 day ago

Business

Auto industry races to make ventilators during virus crisis

Paris, France | AFP | - The automotive industry is offering its expertise and manpower to the hospital sector as it gears up to build mechanical ventilators during the coronavirus pandemic, an initiative that is being met with some scepticism. American auto manufacturers General Motors and Ford, Fre ...

Mechanical ventilators needed to treat those suffering from respiratory distress due to COVID-19 are in short supply. GETTY IMAGES NORTH AMERICA/AFP/F ...

Agence France Presse | 1 day ago

Business

Increasing e-payment seen in PH amid COVID-19 crisis

MANILA – Rising demand for electronic payment is projected in the country after the government imposed a community quarantine for one month in response to the coronavirus disease 2019 (COVID-19) outbreak, the Oxford Business Group (OBG) said.   In a report released on Tuesday, the OBG said the restrictio ...

PNA | 1 day ago

Business

The rent is due but many Americans can't pay the bills

New York, United States | AFP | - The coronavirus pandemic took Brittany Brook's job on March 16, two days after it took her husband Matthew Whitfield's, leaving the New York couple scrambling as end-of-the-month bills come due. On April 1, Brook, an artist who until recently taught music at ...

Unemployment in the United States was at low levels not seen in decades before the coronavirus struck, but now jobless benefit claims have increased b ...

Agence France Presse | 1 day ago