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Spending to help MSMEs

Dexter Jordan L. Yu
Posted at Sep 16 12:07 AM

We should redefine 'government aid' as not a bailout, but as an entitlement we can avail of when we need it, much like an insurance payout given after years of paying premiums. Read more »

NCR shift to granular lockdowns a ‘good step forward’: Employers group

ABS-CBN News
Updated as of Sep 07 02:38 PM

ECOP said Metro Manila's shift to a looser quarantine level with granular lockdowns in place is a 'good step forward' for the economy. Read more »

PH biz adviser calls granular lockdown ‘right approach’

ABS-CBN News
Updated as of Sep 07 06:14 AM

Concepcion said it is the right time to try new approaches in dealing with the pandemic. Read more »

SWS: 12.2 million adult Filipinos jobless in 1st quarter of 2021

ABS-CBN News
Posted at Jun 17 01:27 PM

MANILA - An estimated 12.2 million adult Filipinos were found jobless during the first quarter of the year as the COVID-19 pandemic lingered, a slight decrease from the previous quarter, a poll released on Thursday showed.  Read more »

Pope Francis orders salary cuts for cardinals, clerics, to save jobs of employees

Philip Pullella, Reuters
Posted at Mar 24 08:26 PM

Pope Francis has ordered cardinals to take a 10 percent pay cut and reduced the salaries of other clerics working in the Vatican in order to save jobs of employees as the coronavirus pandemic has hit the Holy See's income. Read more »

Cinemas, arcades OK to reopen: IATF allows more businesses to resume in GCQ areas

Jamaine Punzalan, ABS-CBN News
Updated as of Feb 12 06:23 PM

MANILA — The inter-agency task force leading the country's COVID-19 response has allowed more industries to reopen soon in areas under general community quarantine, Malacañang said on Friday, as authorities sought to boost the pandemic-battered economy.  Read more »

'We are sinking': Duterte says Philippines losing P2 billion daily due to COVID-19

John Gabriel Agcaoili, ABS-CBN News
Posted at Feb 01 11:05 PM

MANILA - The Philippines is losing P2 billion a day due to COVID-19, President Rodrigo Duterte said Monday, claiming the country's economy was doing well before the pandemic struck.   Read more »

As prices go up, labor chief wary of wage hike

Jamaine Punzalan, ABS-CBN News
Updated as of Jan 28 04:22 PM

Labor Secretary Silvestre Bello III on Thursday warned of possible business closures and loss of employment if his agency endorsed a wage hike for workers, as the prices of basic goods go up.    Read more »

Duterte keeps lower tariffs on some poultry products until 2022

ABS-CBN News
Posted at Jan 18 01:41 PM

President Rodrigo Duterte has signed an executive order keeping reduced tariff rates on certain imported poultry products until 2022, citing the COVID-19 pandemic.  Read more »

Palace: PH low rank in COVID-19 resilience index 'inaccurate,' gov't managed 'very well'

Jamaine Punzalan, ABS-CBN News
Updated as of Nov 26 03:56 PM

Malacañang on Thursday contested the Philippines' low ranking in a resilience index by Bloomberg, an international top financial news provider, some 8 months into the varying degrees of lockdown that robbed millions of their job and lashed the economy. Read more »

More POGOs to shut operations in Subic Bay: official

Jamaine Punzalan, ABS-CBN News
Updated as of Oct 30 10:33 PM

More Chinese-operated gambling hubs are "winding down" their operations in Subic Bay in Olongapo City, north of the capital, an official said Friday.    Read more »

Pandemic speeds labor shift from humans to robots: WEF survey

Reuters
Updated as of Oct 21 07:58 AM

ZURICH - Robots will destroy 85 million jobs at mid-sized to large businesses over the next five years as the COVID-19 pandemic accelerates changes in the workplace likely to exaggerate inequalities, a World Economic Forum (WEF) study has found. Read more »

13th month pay to be given on pro rata basis: Palace

ABS-CBN News
Updated as of Oct 20 12:04 AM

MANILA - Workers' 13th month pay will be given on a "pro rata" basis, which means that they might not get it in full, Malacañang said Monday. Read more »

Labor dep't eyes subsidizing micro, small businesses' 13th month pay

ABS-CBN News
Updated as of Oct 18 10:45 AM

MANILA - The labor department is considering to provide a subsidy for the 13th month pay of micro and small enterprises workers, its chief said Sunday. Read more »

Mall sales get pandemic task force's nod

Jamaine Punzalan, ABS-CBN News
Updated as of Oct 16 09:40 PM

The inter-agency task force leading the country's COVID-19 pandemic response has allowed sales in malls, Malacañang said Friday, as authorities sought to boost the economy.  Read more »

Going on 'staycation'? Here's what you need to know

ABS-CBN News
Posted at Oct 01 05:25 PM

The Philippines' tourism department has released guidelines for those who want to go on "staycations" in hotels that the coronavirus pandemic had shuttered for about half a year, Malacañang said Thursday.    Read more »

The future of Airbnb

Elaine Glusac, The New York Times
Posted at Sep 30 11:23 AM

In the travel wreckage caused by the pandemic, home sharing has emerged as battered, but with a steady pulse, as rental houses became social-distancing refuges for the travel-starved.   Read more »

Disney to cut 28,000 US employees due to coronavirus

Agence France-Presse
Posted at Sep 30 06:43 AM

Disney announced Tuesday it will cut 28,000 jobs from its US parks and experiences division, pointing to depressed demand caused by the coronavirus and uncertainty on when it will recover.   Read more »

Futures in peril: Takeaways from rise of child labor in pandemic

Richard Pérez-Peña, The New York Times
Posted at Sep 28 07:12 AM

The coronavirus pandemic has forced millions of the world’s poorest children to halt their educations and go to work to help support their families, as schools have closed and parents’ incomes have fallen or vanished.   Read more »

India’s economy shrank nearly 24 pct last quarter

Sameer Yasir and Jeffrey Gettleman, The New York Times
Posted at Sep 01 06:39 AM

The Indian economy contracted by 23.9 percent in the second quarter, the most drastic fall in decades, as lockdown restrictions meant to contain the spread of the coronavirus wiped out jobs and businesses.  Read more »