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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 »

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 »

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 »

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 »

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 »

Transport dept remits P10 billion in dividends to Treasury: DOF

ABS-CBN News
Posted at Mar 30 12:27 PM

The Department of Transportation remitted to state coffers P10 billion in dividends from government firms to boost Manila's COVID-19 war chest, the Department of Finance said Monday. Read more »

Insular Life extends grace period for policy payments due to lockdown

ABS-CBN News
Posted at Mar 30 12:24 PM

Insular Life said Monday payments for policy holders would extended for 91 days from the previously announced grace period of 60 days to help Filipinos cope with the COVID-19 pandemic.  Read more »

Banks told: Keep interest rates 'reasonable' to aid COVID-19 fight

ABS-CBN News
Posted at Mar 30 11:07 AM

Philippine banks must keep lending rates "reasonable" to help the country power through the coronavirus pandemic, the head of an industry association said Monday. Read more »

Loan moratorium provides lifeline for micro businesses hard-hit by COVID-19

Aneth Ng-Lim
Posted at Mar 30 10:33 AM

From Luzon to Visayas to Mindanao, COVID-19 has crippled hundreds of thousands of microbusinesses. In the Philippines, they represent 90 percent of all registered businesses, and provide food on the table and jobs for the extreme poor. Read more »

Shell says fuel supply 'stable' during lockdown, reports profit rise

ABS-CBN News
Updated as of Mar 30 10:01 AM

Pilipinas Shell said Monday its fuel supply was stable with millions under lockdown in the Philippines due to the COVID-19 pandemic, as it reported a 11-percent jump in net income for 2019. Read more »

Food supply enough as COVID-19 lockdown reaches halfway mark: trade chief

ABS-CBN News
Updated as of Mar 30 09:09 AM

There is enough food supply, as the lockdown of millions in the Philippines' Luzon region reached the halfway point, Trade Secretary Ramon Lopez said Monday. Read more »

Families of COVID-19 fatalities can claim memorial benefits: insurance body

ABS-CBN News
Posted at Mar 27 04:57 PM

Families of COVID-19 fatalities who have memorial plans can still claim benefits, even if burials are shortened and managed by authorities, the head of the Philippine Insurance Commission said Friday. Read more »

Jollibee 'ready-to-cook' items for sale during COVID-19 lockdown

ABS-CBN News
Updated as of Mar 27 07:54 PM

Jollibee Foods Corp said Friday it made available ready-to-cook items in select stores for take-out or drive thru after it closed outlets to dine-in customers during the 1-month lockdown of Luzon. Read more »