Business
S&P affirms PH credit rating despite pandemic
Standard & Poor's affirmed on May 29, 2020 its 'BBB ' long-term and 'A-2' short-term sovereign credit ratings on the Philippines. The outlook on the long-term rating remains stable. "The stable outlook reflects our expectation that the Philippines' orthodox policyma...
WHO blocks innovation that can save millions of lives
For World No Tobacco Day 2020, an international group of independent experts with no conflicting links to the tobacco or vaping industry has sharply criticized the World Health Organization (WHO) for its backward-looking approach to innovation and new technology, such as vaping products. Expe...
Heated tobacco products disrupt cigarette industry
A new study shows that the entry of heated tobacco products (HTPs) triggered the remarkable reduction in combustible cigarettes sales in Japan. “The decline in smoking rates among adults in Japan is astoundingly impressive when you realize that this has only come about rapidly with the ...
39% of Filipinos use aid during pandemic
About 39 percent of Filipinos use government aid to purchase basic needs amid the pandemic, according to the special Social Weather Stations (SWS) Covid-19 Mobile Survey. The source of funds of about 45 percent of Filipinos used to purchase basic needs in a household come from money...
Stocks rebound on window dressing
Philippine stocks rebounded on Friday as portfolio managers started window dressing market positions on the last trading day of the month, helped by inflow of foreign funds amid optimism on Metro Manila’s shift to general community quarantine. The bellwether PSEi gained 268.62 points or 4.82%...
Gov't eyes $16.7-billion stimulus package
The government plans to implement a stimulus package worth P846 billion ($16.7 billion) to enable a full economic recovery from the pandemic. The recovery program now pending before the Philippine Congress also includes a cut in corporate income tax and modernization of the country's fiscal inc...
SMC to buy excess milk to keep farmers afloat
San Miguel Corporation (SMC) is set to buy fresh carabao’s milk from farmer-cooperatives struggling to cope with the coronavirus disease 2019 (Covid-19) pandemic, to be donated to poor communities and food banks in and around Metro Manila. As Covid-19 continues to disrupt supply chains, the s...
Manila warns businesses violating ‘no mask, no entry’ rules
Manila Mayor Francisco “Isko Moreno” Domagoso warned business establishments that fail to implement a “no mask, no entry” policy. Moreno made the warning on Saturday, as the whole Metro Manila started preparing to shift to general community quarantine (GQC), which will impos...
PAL, AirAsia prepare to resume flights
Philippine local carriers are preparing for the resumption of commercial operations by June as air travel restrictions are seen to relax following Metro Manila and other areas’ transition to general community quarantine (GCQ) next month. This, after Transportation Secretary Arthur Tugade anno...
Reopening of barbershops being considered
The government’s task force on COVID-19 is mulling over the reopening barbershops and salons at 30 percent of their capacity in areas under general community quarantine (GCQ), according to Interior Secretary Eduardo Año. “What they are proposing is they’ll (barbershops, sal...
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