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The financial system is in a strong position to both weather the significant economic effect caused by the Covid-19 pandemic and support the country’s economic recovery. Photo by PNA
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The grant will support the implementation of infrastructure projects and other development initiatives of the Duterte administration. Photo by PNA
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Lockdowns, limited economic activity, and weak consumer demand amid the pandemic were blamed for the decline in the sales of imported vehicles.
Photo by PNA
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Photo by DARREN LANGIT
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While the initiative for Cha-cha aims to lift certain restrictions in the economy, there are pending bills that can push for economic liberalization. Photo: PNA
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Around 57 million Filipinos will benefit from the funds allocated by the national government for the vaccination program. Photo: PNA
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Last year’s collection of the two agencies was P246.39 billion or 11.27 percent over the P2.187-trillion revised target set by the Development Budget Coordination Committee on July 23, 2020. Photo: PNA
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Photo: AsiaOne / Abante TNT
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Contributing to output volume decline is the on-going lockdown restrictions and poor weather conditions. Photo: PNA
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Campos with wife Makati City Mayor Abby Binay and daughter Martina
Photo: FB abby.binay
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Spending that includes various Covid 19 financial assistance and recovery measures pushed the budget deficit up. Photo: PNA
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Smart has increased the number of its base stations and rolled out additional 5G sites as it accelerates its 5G commercial services nationwide. Photo: PNA
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More than 2.5 million farmers and fishers have benefited from assistance in the form of soft loans, subsidies and training programs from Landbank.
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Photo: Young Entreprenuers Society of the Phils
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Export receipts for exported mineral products this year were generated from copper concentrates, copper metal, gold , iron ore agglomerates, chromium ore , and other minerals. PHOTO: PNA
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Demand for office space continues to be high in Metro Manila, particularly in Quezon City, Ortigas in Pasig City, and Makati City at 69 percent, followed by those from Iloilo and Cebu. PHOTO: PNA
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Local abaca fibers is one of the value-added textiles identified to have potential in FFTA and larger European markets. PHOTO: PNA
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Adding more players to the local construction market amid the COVID-19 pandemic is untimely. Photo: PNA
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The government targets $122 billion to $131 billion revenues from goods and services exports by the end of 2022. Photo: PNA
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Some 800,000 jobs were brought back into the labor market in October. Photo: PNA
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Impact of recent typhoons partly hindered chances of economic recovery brought about by improved people’s mobility and employment. Photo: PNA
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Countering the impact of lower margins and lack of extraordinary trading gains are the expanded loans and reduced credit provisioning. Photo: PNA
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The improvement in output was attributed to the reopening of businesses and softer reduction in new orders. Photo by PNA
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It is a must for the government to show pandemic management while reopening the economy to show public it is on top of the situation. Photo: PNA
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The country positions itself to become the hub for aerospace manufacturing and aftermarket services in the Asia Pacific. It is currently producing aerospace parts, such as flight control actuation systems, interiors, lavatories, galleys, oxygen systems, and panel assembly as well as product design engineering. Photo: PNA
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BDO branches are open until 4 p.m. and can be tapped to provide various banking services, including foreign exchange and encashment requirements. Photo: bdo.com
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Revenue outlook for the IT-BPM industry at end-2020 is at $26 billion, while full-time employment will remain at 1.3 million. Photo by PNA
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People are very cautious about getting sick and are holding back on spending. Photo: PNA
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Presently banking on its array of fiscal measures, the government doesn’t need to borrow from the BSP for now, the Finance Department said. Photo by PNA
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Hew: In terms of economic losses, this has been a year like no other. Photo: Apec.org
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Members of A Better Real Estate Philippines Movement wants to amend the Real Estate Service Act of 2009 to get rid of “unnecessary educational requirements”, redundant accreditation, and the requirement of assigning at least one licensed broker for every 20 accredited salespersons.
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The Chamber of Automotive Manufacturers of the Philippines, Inc. recorded another month-on-month sales growth for October, the highest since the onset of the Covid 19 pandemic. Photo: PNA
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Borrowers that PNB officials are monitoring include restaurants. Photo: PNA
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Discussions are being conducted in the Senate for the CREATE bill, which eyes the income tax holiday period to be offered from two to four years. Photo: PNA
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Additional funds for local government units, particularly those affected by Typhoon Quinta, followed by Super Typhoon Rolly and then by Typhoon Ulysses will be immediately released, according to the DBM. Photo: PNA
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Addressing cybercrime is one of the objectives of the data connectivity tie-up between the Bangko Sentral ng Pilipinas and the Monetary Authority of Singapore. Photo: PNA
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CHUA Photo: Rappler
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Markets around the world already rebounded by more or less 50 percent from its lowest point in March. Photo by PNA
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Complaints against Lazada grew more than triple while that of Shopee increased over five times.
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Banks need to lend more to help boost economic recovery. Photo by PNA
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SMC vowed to continue delivering its commitment to help the country build back better and stronger as the country emerges from the pandemic. Photo by PNA
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Counting of the period within which to pay local taxes, fees, and charges are also suspended until December. 19, 2020, including the period for the redemption of real properties sold or forfeited at public auction. Photo by PNA
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Effects of typhoons and La Niña on the agriculture sector and food prices pose upside risks to inflation. Photo by PNA
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With sustained reopening of businesses, authorities believe the worst is over for the local economy. Photo by PNA
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Along with upticks in power rates in areas being serviced by the Manila Electric Company (Meralco), hikes in prices of liquified petroleum gas and other items are seen to accelerate inflation rate last month.
PHOTO: Philippine Star
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Consumers were warned against buying products with no English or Filipino translation in their labels as they could be smuggled goods that do not meet the safety standards of the government. PHOTO: PNA
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Weak client demand in domestic markets, a sharp contraction in employment, and lower production weighed on the health of the manufacturing sector. PHOTO: PNA
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Professional technicians for repairs and maintenance of appliances, such as air conditioners, refrigerators, washing machines, water heaters, and mobile devices are welcome to join the technology startup firm. PHOTO: MaharlikaTV
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Most of the damaged infrastructures in the energy sector were electric posts and transmission lines. PHOTO: PNA
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The electronic payment system has registered a 688-percent rise in transaction volume from 162 to 1,277 as of end-June this year. PHOTO: PNA
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The increased borrowing for this and next year will be used to finance programs targeted to address the impact of the pandemic. PHOTO: PNA
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Ilonggos and Megaworld’s Iloilo Business Park in Mandurriao district inspired Asurion’s expansion. PHOTO: PNA
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Petron refinery business is hounded by pandemic impacts and uneven playing field against importers in terms of taxes. PHOTO: PNA
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One of the government’s measureto enhance outbound trade and inbound investment with the EU is to increase engagement with individual EU member states. PHOTO: PNA
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Many senior citizens and persons with disability above 65 years old purchase food items and other goods online and are not able to claim the discounts granted by law. PHOTO: PNA
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Filipinos are slowly embracing insurance products to bolster their financial resilience. PHOTO PNA
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Farmers benefitted from LandBank’sregular loan offerings and lending programs jointly implemented with the Department of Agriculture and the Department of Agrarian Reform. PHOTO PNA
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The increase in stock market and bond prices in the US and other countries also boosted the Philippines’ BOP position since it increased income from foreign investments of both the Philippine government and other local residents. PHOTO: PNA
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More young Filipinos can now continue studying in college with the ‘study-now, pay later’ program of the state pension fund. PHOTO: PNA
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Despite the reopening of economic activities, health protocols to minimize the risk of contracting coronavirus disease 2019 were not relaxed.
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Service contract holders are estimated to pour in $25 million upon lifting the moratorium, and increase these investments to $78 million as they fulfill their work commitment programs.
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Banks continue to open up more branches to reach more people but in reality, there are still a lot of people who remain unbanked. PHOTO: facebook.com
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There’s increased likelihood of adopting new forms of digital currencies for both domestic and international transactions. PHOTO: PNA
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