Topic page on covid-19-updates

ICTSI: Withdrawal of cargoes 'quickest' solution to Manila port congestion

ABS-CBN News
Updated as of Mar 31 07:00 PM

International Container Terminal Services Inc on Tuesday said the "quickest" solution to congestion would be the withdrawal of cleared cargo from Manila ports. Read more »

Central banks urged to ‘print lots of money’ to support world economy

ABS-CBN News
Posted at Mar 31 04:32 PM

There list little risk of sparking hyperinflation, similar to what happened in Zimbabwe and Argentina, according to Jeffrey Halley, senior market analyst at currency trader OANDA. Read more »

Frontliners keep money, payrolls moving as Philippines fights COVID-19

Katrina Domingo, ABS-CBN News
Updated as of Mar 31 04:50 PM

Armed with a face mask, a bottle of alcohol and vitamins, bank employee Johanna Nicolas crosses 3 coronavirus checkpoints on her daily commute to work because millions depend on it to keep cash moving during the Luzon lockdown. Read more »

Philippines eyes rice imports as contingency: COVID-19 task force

Arianne Merez, ABS-CBN News
Posted at Mar 31 11:35 AM

The Philippines needs to import 300,000 metric tons of rice to ensure enough supply, a Cabinet official said Tuesday as the lockdown of Luzon drives demand for the staple grain. Read more »

Banks prepared to take profit hit to lift economy from COVID-19: official

ABS-CBN News
Updated as of Mar 31 12:18 PM

Philippine banks will do their part to help revive the economy from the COVID-19 pandemic, even if it means taking a profit hit, the head of an industry group said Tuesday. Read more »

Inflation likely at 2 to 2.8 percent in March: Bangko Sentral research

ABS-CBN News
Posted at Mar 31 10:21 AM

Inflation in March likely settled between the 2 percent to 2.8 percent range, a Bangko Sentral ng Pilipinas think-tank said Tuesday. Read more »

Schedule ng pamimili sa Kamuning Market, itinakda

ABS-CBN News
Posted at Mar 31 10:15 AM

Magpapatupad na ng schedule ng pamamalengke para sa mga mamimili ng Kamuning Market simula Abril 1, ayon sa mga opisyal ng barangay. Read more »

Duterte adviser pushes for barangay-based quarantines to save economy

ABS-CBN News
Updated as of Mar 31 10:25 AM

The Philippines should shift to a barangay or village-based quarantine once the Luzon lockdown succeeds, an economic adviser to President Rodrigo Duterte said Tuesday, stressing the need to restart the economy. Read more »

Max's Group estimates P24 million in foregone sales due to COVID-19 lockdown

ABS-CBN News
Posted at Mar 31 08:45 AM

Max’s Group Inc said Monday it estimated P24 million in foregone sales halfway into the Luzon lockdown to stop the COVID-19 pandemic, which prompted a temporary suspension of operations. Read more »

Visa transaction volumes hurt as coronavirus crisis deepens

Reuters
Posted at Mar 31 07:48 AM

Visa Inc said on Monday its transaction volumes had been hit as the coronavirus pandemic wreaks havoc on consumer spending, leading it to forecast mid-single-digit percentage revenue growth for the second quarter. Read more »

Airbnb to pay out $250 million to hosts to help ease coronavirus cancellation pain

Reuters
Posted at Mar 31 07:41 AM

Airbnb said on Monday it was allocating $250 million to help offset losses by hosts around the world whose guests have canceled bookings in the face of the coronavirus pandemic, following its announcement earlier this month that guests could get full refunds for certain reservations. Read more »

G20 ministers agree to keep markets open, tackle pandemic supply disruptions

Stephen Kalin, Andrea Shalal and David Lawder, Reuters
Posted at Mar 31 07:34 AM

Trade ministers from the Group of 20 major economies agreed on Monday to keep their markets open and ensure the continued flow of vital medical supplies, equipment and other essential goods as the world battles the deadly coronavirus pandemic. Read more »

DOH denies asking volunteers to sign waiver on COVID-19

Kristine Sabillo, ABS-CBN News
Posted at Mar 30 08:06 PM

The Department of Health on Monday denied reports that their volunteers are being made to sign waivers in case they contract the COVID-19. Read more »

Frontliners on 2 wheels keep Philippine economy moving during COVID-19 lockdown

Jessica Fenol, ABS-CBN News
Updated as of Mar 31 11:02 AM

GrabExpress courier RD Madrid admits to fighting tears as he navigates the Philippine capital's near-empty streets, worried for his health and with no choice but to defy the coronavirus pandemic and keep working. Read more »

San Miguel buying P500 million worth of protective gear for COVID-19 frontliners

ABS-CBN News
Posted at Mar 30 04:56 PM

San Miguel Corp said on Monday it was looking to buy P500 million worth of personal protective equipment for frontliners in the fight against COVID-19. Read more »

Inquests may now be done online – DOJ

Mike Navallo, ABS-CBN News
Posted at Mar 30 03:52 PM

Inquest proceedings, which determine whether a detainee should be charged in court, can now be done online as more government functions go digital during the coronavirus pandemic, justice officials said Monday. Read more »

SSS extends deadline for loan, contribution payments due to lockdown

Arianne Merez, ABS-CBN News
Updated as of Mar 30 03:36 PM

The Social Security System said Monday it is extending the deadline for payment of contributions and loans of its members since many are unable to pay due to the COVID-19 lockdown. Read more »

Oil prices at 17-year lows as virus ravages world

Agence France-Presse
Posted at Mar 30 01:53 PM

Oil prices extended losses in Asian trade Monday and languished at 17-year lows, with the coronavirus crisis escalating around the world and no end in sight to a vicious price war. Read more »

Stock markets and COVID-19: 5 questions every investor should ask

Deb Price, South China Morning Post
Posted at Mar 30 01:47 PM

Financial analysts are tapping diverse and sometimes quite esoteric data to try to predict how the spreading coronavirus pandemic will affect the price of assets -- everything from stocks on Hong Kong's Hang Seng Index to gold and orange juice futures. Read more »

SSS shifting to online filing of unemployment benefit claims

ABS-CBN News
Updated as of Mar 30 03:39 PM

Upgrades for filing of unemployment benefit online could be done by April, said SSS president and CEO Aurora Ignacio. Read more »

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