The Daily Manila Shimbun

 

Duterte’s economic team seeks swift OK of 2021 budget

September 6, 2020

President Duterte’s economic team has sought the swift enactment by the Congress of the proposed 2021 national budget as a key component of the government’s comprehensive plan to “rebuild the economy and decisively defeat COVID-19.” On top of the proposed

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Despite COVID-19, Tugade eyes partial operation of Metro Manila subway stations before end-2021

September 4, 2020

Despite the coronavirus pandemic, Transportation Secretary Arthur Tugade said the partial operation of Metro Manila subway station is targeted to start before the end of 2021. “What is partial operability? It is from Valenzuela up to North Avenue in Quezon

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PSE index ends higher; peso at P48.62:$1

September 4, 2020

The Philippine Stock Exchange (PSE) index closed 12.23 points higher to 5,785.09 points on Friday. In the broader market, there were 104 losers, 79 gainers and 51 unchanged. Volume reached 554.67 million shares worth P5.48 billion from Thursday’s 961 million

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Inflation slowed down to 2.4% in August

September 4, 2020

Inflation slowed down for the first time in three months as it came in at 2.4 percent in August, the Philippine Statistics Authority (PSA) said Friday. Inflation in July was 2.7 percent. “The slowdown in inflation in August 2020 was

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UCPB probing ”reported” theft of P167 million; BSP says ”no financial losses or damages were incurred by UCPB account holders”

September 3, 2020

United Coconut Planters Bank (UCPB) said it is investigating ” an incident”, which a business website claimed that P167 million were stolen from automated teller machines. The Bangko Sentral ng Pilipinas (BSP) said Thursday ”it is well aware of the

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Gov’t spent P389B for COVID-19 response – DBM

September 1, 2020

The Philippine government has already spent P389 billion for its response programs amid health crisis due to coronavirus pandemic, the Department of Budget and Management said on Tuesday. In a televised press briefing, Budget Secretary Wendel Avisado said the P389.06

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Chinese projects, including Sangley airport, to continue – Palace

September 1, 2020

All the Chinese projects, including the Sangley Airport in Cavite, will proceed as the Philippines is “not a vassal state” of the United States, Malacanang said on Tuesday. Presidential Spokesperson Harry Roque made the “categorical statement” after the Cavite local

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Dominguez says BOP surplus, mild inflation prop up peso among Asia’s strongest currencies

September 1, 2020

The Philippine peso has emerged as among Asia’s strongest currencies even amid a pandemic-induced global economic downturn as a result of the country’s mild inflation rate and a balance of payments (BOP) surplus reflected in its record-high foreign currency reserves

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