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Coronavirus impact in poverty may be 'transitory,' says economic planning chief

ABS-CBN News
Updated as of Mar 24 10:55 AM

The Philippines hopes that the coronavirus pandemic would have a "transitory" impact on poverty numbers, Socioeconomic Planning Secretary Ernesto Pernia said Tuesday. Read more »

Philippine economy could contract if coronavirus crisis drags, stimulus 'good' for now: Pernia

ABS-CBN News
Posted at Mar 24 10:39 AM

The Philippines' billion-peso stimulus package against the coronavirus pandemic is "good enough" for now, the socioeconomic planning chief said Monday, adding that it was "possible" for the economy to contract should the crisis persist until June. Read more »

'Don't panic': Philippines 'strong' in face of virus risk, says analyst

ABS-CBN News
Updated as of Feb 27 10:53 AM

Should the outbreak stretch to June, it could shave 50 basis points off gross domestic product growth due to slowdowns in exports, manufacturing and tourism, said ATR Asset Management head of equities Julian Tarrobago. Read more »

Philippine shares halt slide as virus fears weigh on Asia

ABS-CBN News
Updated as of Feb 27 11:46 AM

The Philippine Stock Exchange Index opened 0.48 percent higher to 6,943.06. The benchmark fell by 4.3 percent on Wednesday, the most since January and tracking its Asian peers due to worries over the virus. Read more »

Cheaper airfare, hotel rates to help blunt virus impact on Philippines: tour operator

ABS-CBN News
Updated as of Feb 21 10:19 PM

The local industry is losing some 100,000 airline seats per week and some agencies reported a 50 to 60-percent cut in sales due to COVID-19, said Rajah Travel Corp President Aileen Clemente. Read more »

More than 100 Pinoy crew members opt to stay on virus-hit Japan cruise ship

ABS-CBN News
Updated as of Feb 20 06:17 PM

More than 100 Filipino crew members of the cruise ship quarantined in Japan have opted to say aboard despite being allowed to disembark, according to Magsaysay Maritime Corp.  Read more »

Moody's says Philippine banks 'stable' as it monitors virus risk

ABS-CBN News
Updated as of Feb 20 10:08 AM

Moody's is also monitoring the impact of the coronavirus outbreak, which has hurt consumption in parts of Asia. Under its "central case," the pathogen will be contained by the end of the first quarter, said Eugene Tarzimanov, lead analyst for banks in Southeast Asia. Read more »

Japan airport offers potty area for pets

ABS-CBN News
Posted at Feb 13 10:55 AM

Itami airport in Osaka, Japan is now offering toilets for exclusive use of pets.  Read more »

Philippines at 'A' credit rating doorstep due to 'very strong' economy: Fitch

ABS-CBN News
Updated as of Feb 12 11:39 AM

The debt watcher upgraded the Philippines' outlook to "positive" from "stable," meaning its current "BBB" rating, or one notch below "A," could be upgraded once certain criteria are met. Read more »

China virus fallout pushes central banks to cut rates: analyst

ABS-CBN News
Updated as of Feb 07 10:33 AM

World commodity prices will remain "depressed" due to weak demand from China, where millions are on lockdown and with many countries closing their borders to those from the mainland, said ING Bank analyst Nicholas Antonio Mapa.   Read more »

China to do 'everything' to shield economy from coronavirus: analyst

ABS-CBN News
Updated as of Feb 03 10:05 AM

China's central bank, the PBOC, on Sunday committed to pump 1.2 trillion yuan ($173 billion) into the economy. It is also expected to keep the yuan afloat, said Stephen Innes, Asia Pacific market strategist at AxiCorp. Read more »

PH bans travelers from China's Hubei, coronavirus epicenter

Arianne Merez, ABS-CBN News
Updated as of Jan 31 01:16 PM

The ban may be expanded to other areas with confirmed cases of the virus, and will last “until the threat is over,” Presidential Spokesman Salvador Panelo said. Read more »

Grab needs 'big competitor' to temper dominance: antitrust chief

ABS-CBN News
Updated as of Jan 17 10:22 AM

A "monitor" will be established "soon" to check on the refund, Philippine Competition Commission Chairman Arsenio Balisacan said. Grab started crediting the P19 million in refunds to app users' digital wallets as it denied overcharging. Read more »

Taal could pose 'temporary speed bump' to economy: ING Bank

ABS-CBN News
Posted at Jan 14 10:04 AM

Calabarzon or the provinces of Cavite, Laguna, Batangas Rizal and Quezon in Southern Luzon is an industrial and car assembly hub just a couple hours drive from the capital.   Read more »

TIPS: How to use, clean air-conditioners in case of ash fall

ABS-CBN News
Posted at Jan 13 09:53 AM

The AC units should be cleaned by a professional after an ash fall, regardless if the ash fall is light or heavy, said Jojo Concepcion, CEO of Concepcion Concepcion Industrial Corp that makes the Kelvinator, Condura and Carrier brands. Read more »

ANC’s Cathy Yang named Best News Anchor at Asian Academy Creative Awards

ABS-CBN News
Updated as of Dec 12 02:11 AM

ABS-CBN News Channel (ANC) anchor Cathy Yang has added another feather to her cap as she was recognized Thursday at the Asian Academy Creative Awards in Singapore. Read more »

Bangko Sentral seen to pause rate cuts for 'extended period'

ABS-CBN News
Updated as of Oct 25 03:32 PM

The BSP slashed the overnight borrowing rate by a total 75 basis points, bringing it to 4 percent. The last of 3 25-point cuts was announced last Sept. 26. Read more »

Asian share markets cautious, pound stumbles on Brexit drama

Stanley White, Reuters
Updated as of Oct 21 10:32 AM

MSCI's broadest index of Asia-Pacific shares outside Japan were flat, with Australian shares off down 0.3 percent. Japan's Nikkei rose 0.13 percent.   Read more »

'One-stop-shops' being set up vs red tape: official

ABS-CBN News
Posted at Aug 21 10:40 AM

Highly urbanized cities should have business one-stop shops by the end of the year, Anti-Red Tape Authority managing director Jeremiah Belgica says, as the agency complies with President Rodrigo Duterte's directive to make government transactions faster. Read more »

Peso seen in P51.50-P53.50 vs $1 range on global recession worries

ABS-CBN News
Posted at Aug 19 11:58 AM

The peso might trade within a wider range of P51.50 to P53.50 against the dollar or "slightly below " the P54 level if trade tensions that sparked the recession worries worsens, said Mizuho Bank head of economics and strategy Vishnu Varathan. Read more »