Gov’t pays Dennis Uy’s 2GO P35 million for 2 ships converted as quarantine facilities
April 22, 2020
The government has been renting two 2GO ships, which were converted into quarantine facilities for coronavirus disease patients, for P35 million, Transportation Secretary Arthur Tugade said on Wednesday. The 2GO vessels are owned by the 2GO Group, Inc., chaired by
PSE index closes slightly lower
April 22, 2020
Buying in the last half-hour of trading reduced losses of the Philippine Stock Exchange (PSE) index on Wednesday. The peso settled at P50.80 against the US dollar from P50.79 on Tuesday. Volume at the Bankers Association of the Philippines reached
Duterte orders new NEDA chief to fully implement national ID system
April 21, 2020
President Rodrigo Duterte has ordered new Acting National Economic and Development Authority Director General and Socioeconomic Planning Secretary Karl Kendrick Chua to immediately implement the national identification system. Chua, who was the Finance undersecretary, formally assumed his new post on
Gov’t urged to defer measures removing incentives in order to attract more investors amid COVID-19 crisis
April 20, 2020
A local business group urged on Monday the government to defer the passage of new tax bills, including those which remove incentives for businesses, in order to attract investors, particularly those leaving China, in the wake of the coronavirus disease
PSE index declines after Friday’s rally
April 20, 2020
The Philippine Stock Exchange (PSE) index declined on Monday after a big rally on Friday. The peso settled at P50.79 against the US dollar from Friday’s P50.90. Volume at the Bankers Association of the Philippines reached $320.57 million from $491.6
Grab launches on-demand grocery service
April 20, 2020
Grab has launched an on-demand grocery service to help deliver essential needs of Filipinos amid the COVID-19 pandemic. Through GrabMart, users can purchase grocery items, personal care products, and soon, even medicines, from specialty stores and well-known retail partners such
Duterte names Finance Undersecretary Chua as acting NEDA chief
April 17, 2020
President Rodrigo Duterte has appointed Finance Undersecretary Karl Kendrick Chua as acting Director-General of the National Economic and Development Authority (NEDA). In a statement, Presidential Spokesperson Harry Roque said Duterte accepted the resignation of NEDA Director-General and Socioeconomic Planning Secretary
PSE index slumps seven percent
April 16, 2020
The Philippine Stock Exchange (PSE) index slumped 7.07 percent on Thursday after days of gains. The peso settled at P50.80 against the US dollar from P50.62 on Wednesday. Volume at the foreign exchange portal of the Bankers Association of the
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