Some ASEAN leaders pushed for resumption of air travel for business, Palace says
June 26, 2020
Some Southeast Asian leaders have pushed for the reopening of the borders and resuming of international flights in the region amid the coronavirus disease pandemic, Malacañang said on Friday. In a virtual press briefing, Presidential Spokesperson Harry Roque, however, said
IATF allows restaurants, cafes in hotels, clubhouses to operate at 30% capacity; visit to cemeteries in GCQ areas
June 26, 2020
The Inter-Agency Task Force for the Management of Emerging Infectious Diseases has allowed the restaurants and cafes in the hotels and clubhouses to operate at 30 percent venue capacity to ensure social distancing in areas under general community quarantine, Malacañang
Philippines secures $5.7b loans for COVID-19 response
June 25, 2020
The Philippines has secured $5.7 billion loans and grants to finance the government’s efforts to address the crisis brought by coronavirus disease pandemic. In a virtual press briefing, Presidential Spokesperson Harry Roque said bulk of the total $5.758 billion comprised
PSE index ends lower
June 25, 2020
The Philippine Stock Exchange (PSE) ended lower on Thursday. The peso settled at P50 against the US dollar from P49.98 on Wednesday. Volume at the foreign exchange portal of the Bankers Association of the Philippines reached $848.93 million from Wednesday’s
Monetary Board cuts policy rate by 50 basis points
June 25, 2020
At its meeting on monetary policy today, the Monetary Board decided to cut the interest rate on the BSP’s overnight reverse repurchase (RRP) facility by 50 basis points (bps) to 2.25 percent, effective Friday, 26 June 2020. The interest rates
BSP-registered foreign portfolio investments yield net outflows in May
June 25, 2020
BSP-registered foreign portfolio investments for May 2020 yielded net outflows of US$1.0 billion resulting from the US$1.5 billion gross outflows and US$486 million gross inflows for the month. This is larger than the recorded net outflows of US$660 million in
DOF further extends deadline for tax amnesty, ensures timely processing of applications
June 25, 2020
The Department of Finance (DOF) has issued Revenue Regulations (RR) No. 15-2020 further extending till end-December 2020 the deadline on availing of the tax amnesty for delinquencies under Republic Act (RA) No. 11213 and ensuring the timely processing of such
ADB retains top spot in Aid Transparency Index of Development Organizations
June 25, 2020
The Asian Development Bank (ADB) retained its first place ranking in the 2020 Aid Transparency Index (ATI), an independent measurement of aid transparency released today at the Brookings Institution in Washington, D.C. In the index, spearheaded by British nongovernment organization
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