Business

Senators not surprised by recession, eye more strategies for recovery

Senators are optimistic that the Philippine economy will be able to recover from the recession which is also being experienced by other countries amid the COVID-19 pandemic. “All economies of the world...

PH falls into recession

After two consecutive quarters of economic slowdown, the Philippine economy has officially dived into recession. The Philippine Statistics Authority (PSA) reported that the gross domestic product (GDP) of the country fell to...

FDA warns against the use of misbranded face masks

The Food and Drug Administration (FDA) warns against the use of misbranded face masks sold in markets. FDA Director-General Eric Domingo has clarified that the label written on the approved face masks...

July 2020 inflation of 2.7% consistent with BSP forecast of 2.2-3.0%

PR “The July 2020 inflation of 2.7 percent was within the BSP’s forecast range of 2.2 – 3.0 percent. The latest inflation outturn is consistent with the BSP’s prevailing assessment that inflation...

Globe appeals to LGUs to ease fees and expedite permits to improve connectivity

Globe President and CEO Ernest Cu appealed to LGUs to rationalize fees and expedite the processing of permits thereby enabling the industry to build the infrastructure needed to improve connectivity in...

Sec. Lopez calls for confidence-building, business-revitalizing moves during ASEAN-Japan virtual meet ASEAN, Japan trade ministers adopt Action Plan for Economic Resilience

DTI PR MANILA — In the recently concluded ASEAN-Japan Trade Ministers Special Meeting on the ASEAN-Japan Economic Resilience Action Plan held on 29 July 2020, Department of Trade and Industry (DTI) Secretary...
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