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'Take a bit of risk': Duterte adviser pushes for lockdown easing

ABS-CBN News
Updated as of May 11 04:51 PM

The COVID-19 lockdown in Metro Manila should be eased on May 16 as scheduled to restart the economy, an economic adviser to President Rodrigo Duterte said Monday, ahead of an expected statement from the chief executive. Read more »

ABS-CBN debt payments rest on ad revenues: analyst

ABS-CBN News
Updated as of May 11 05:00 PM

ABS-CBN Corp's ability to pay its debt rests on the resumption of broadcast operations and advertising revenue, an analyst said Monday. Read more »

P5 billion more sought for formal workers' cash aid: DOLE

ABS-CBN News
Posted at May 11 02:15 PM

The Department of Labor and Employment said Monday it would ask the government for P5 billion more to provide cash aid to local and overseas workers who temporarily lost their jobs due to COVID-19. Read more »

COVID-19 pandemic propels digital banking in Philippines

ABS-CBN News
Updated as of May 11 11:19 AM

Filipinos are "finally" going to be ready to adapt to 4th industrial revolution due to COVID-19 and the government's national ID is key to making that happen, Unionbank chairman Justo Ortiz said Monday.    Read more »

Philippines needs 'sizable' new COVID-19 budget fast: Nomura

ABS-CBN News
Updated as of May 11 10:38 AM

The Philippines needs to deploy a "sizable" supplementary budget fast to counter the economic fallout from the COVID-19 pandemic, an analyst said Monday. Read more »

Philippines needs fresh budget for jobs, 'new economy': Bangko Sentral

ABS-CBN News
Updated as of May 11 02:07 PM

Bangko Sentral ng Pilipinas Governor Benjamin Diokno said Monday the Philippines would need a supplemental budget "very badly" to build the new economy borne out of the COVID-19 pandemic. Read more »

Surigao lawmaker: Meddling of SolGen in ABS-CBN closure ‘deplorable’

ABS-CBN News
Posted at May 08 08:56 PM

Surigao del Sur 2nd District Rep. Johnny Pimentel believes the NTC felt pressured by the Office of the Solicitor General when it issued the closure order against ABS-CBN. Read more »

PAL sees 'slow, sure' aviation recovery after lockdowns ease

ABS-CBN News
Updated as of May 08 05:25 PM

Philippine Airlines said Friday it could take 6 to 8 months before air travel could return to normal and the industry's recovery would be a "slow and sure climb."   Read more »

A meme a day keeps lockdown blues away: study

ABS-CBN News
Posted at May 08 02:30 PM

Memes are exchanged in millions of online conversations during the COVID-19 lockdown, showing how humor helps Filipinos cope during times of uncertainty, a study showed.  Read more »

Why only ABS-CBN? NTC says 'nobody' complained vs other networks

ABS-CBN News
Posted at May 08 11:22 AM

The National Telecommunications Commission, which shut down ABS-CBN Corp because of an expired franchise, said Friday the broadcaster's peers who faced the same predicament in the past were allowed to operate for simple lack of opposition. Read more »

Canned sardines catching up with pandemic demand, makers say

ABS-CBN News
Updated as of May 08 11:30 AM

Manufacturers of canned sardines said Friday they were catching up with demand after panic buying at the start of the pandemic lockdown wiped out stocks.   Read more »

Mall of Asia Arena mega swabbing center to test 20,000 OFWs: Dizon

ABS-CBN News
Updated as of May 08 10:57 AM

MANILA - A mega swabbing facility at the SM Mall of Asia Arena that can accommodate 1,000 persons per day is set to open Friday. Read more »

Contactless, cashless transactions take hold during lockdown: Entrego

ABS-CBN News
Posted at May 08 10:11 AM

Delivery firm Entrego said Friday the coronavirus pandemic hastened consumers' shift to contactless and cashless transactions that will soon become the new normal.   Read more »

Philippines' path to first 'A' credit rating stalls at Fitch due to pandemic

ABS-CBN News
Posted at May 08 08:17 AM

Fitch Ratings said Friday it lowered its outlook for the Philippines to "stable" from "positive" citing uncertainty over the COVID-19 pandemic, keeping the nation's credit score at one notch below what would be its first ever A rating. Read more »

'When you threaten one, it sends a signal': Poe explains ABS-CBN shutdown impact

ABS-CBN News
Updated as of May 07 05:28 PM

MANILA - The cease and desist order against ABS-CBN has a larger impact than just the network, Senator Grace Poe said on Thursday.   Read more »

BPOs insist: We are 'very different' from POGOs

Jessica Fenol, ABS-CBN News
Posted at May 07 02:03 PM

The BPO industry "generate a lot of jobs for Filipinos and are leveraging the talent that we have in the Philippines," CCAP president Jojo Uligan told reporters in a video conference.    Read more »

6 channels, 1 franchise illegal? Cable operator disputes peer's claim against ABS-CBN

ABS-CBN News
Updated as of May 07 12:40 PM

A group of cable operators rejected Thursday its peer's accusations of supposed violations by ABS-CBN Corp. which allegedly merit its closure.    Read more »

AirAsia eyes 23 percent resumption at end of lockdown

ABS-CBN News
Updated as of May 07 02:01 PM

The carrier will focus on domestic flights before the possible resumption of select international routes in June, AirAsia Philippines CEO Ricky Isla told ANC. Read more »

Blindsided by NTC order, Poe says ABS-CBN shutdown a wake-up call to lawmakers

ABS-CBN News
Updated as of May 07 10:52 AM

MANILA - Senator Grace Poe on Thursday said they were blindsided by the National Telecommunications Commission's cease and desist order against ABS-CBN after both Houses of Congress already signified their intention to extend the network a provisional authority to operate after its franchise expired. Read more »

Cash aid distribution deadline to get second extension: DILG

ABS-CBN News
Updated as of May 07 09:07 AM

Thursday's deadline for local governments to complete the distribution of cash aid that will help the poorest Filipinos cope with the COVID-19 pandemic will be extended for the second time, the Department of the Interior and Local Government said. Read more »