Day: January 1, 2021

DBM assures proper use of P838-B Covid budget

The Department of Budget and Management (DBM) assured the public that the government would use the P838 billion allotted for its fight against the coronavirus disease 2019 (Covid-19) pandemic properly. “Maliwanag po ang instruction at direktiba ng Pangulo: siguraduhin na ‘yung pera ay mapunta sa tamang pagkakagastusan (The President’s instruction and directive are clear: ensure […]

‘More insurance products to be sold online’

A group of nonlife insurance companies believes firms will continue to use the digital space to sell their products this year. In an outlook, the Philippine Insurers and Reinsurers Association (PIRA) told The Manila Times that more digital products might be sold online this year, especially in the retail segment. “Claims services may also take […]

Key fiscal measures get lawmakers’ nod in 2020

Legislators approved in 2020 fiscal measures aimed at helping the Philippine economy recover from the coronavirus disease 2019 (Covid-19) pandemic, which the Department of Finance welcomed as it eyes to have other key reforms passed in 2021. One such measure was Republic Act (RA) 11494, or the “Bayanihan to Recover as One Act” (Bayanihan 2), […]

NGCP: Covid travel ban to delay critical projects

The National Grid Corp. of the Philippines urged the government to allow its suppliers and shipments of essential transmission equipment to enter the country while observing safety protocols and complying with health standards to avoid delaying the completion of critical transmission projects. In a statement, the NGCP voiced concern over delays in projects aimed at […]

NGCP: Covid travel ban to delay critical projects

The National Grid Corp. of the Philippines urged the government to allow its suppliers and shipments of essential transmission equipment to enter the country while observing safety protocols and complying with health standards to avoid delaying the completion of critical transmission projects. In a statement, the NGCP voiced concern over delays in projects aimed at […]

‘Urban Asians to benefit more from digital economy’

Tech-savvy and adequately skilled people in urban areas in Asia, including the Philippines, stand to take advantage of the digital economy more than those who aren’t, researchers from the Philippine Institute for Development Studies (PIDS) found. According to an Asian Development Bank (ADB)-funded PIDS study by Francis Mark Quimba, Maureen Ane Rosellon and Sylwyn Calizo […]

Cash-flow management tips for 2021

When the headaches of the holiday season subside and we enter the new year, many cash-strapped small and medium enterprises (SMEs) will experience another type of headache in the form of cash flow. Although many businesses generally experience a strong surge in consumer demand around this time, this can be negated by some large chunky […]

Rarely optimistic financial markets

The largest number of Christmas gifts I received this holiday season are, as usual, the electronic kind — large analyses from international banks and other financial companies around the world. Of course, the analyses cover prospects for financial markets in 2021, and rarely have I experienced what I call united optimism about how a new […]

50 countries start vaccination drives

Around 50 countries have started vaccinating their people against Covid-19, barely a year after the first alert by China signaled the start of the pandemic. China, where the novel coronavirus first emerged, was also the first to start vaccinations over the summer, without waiting for a vaccine to be formally authorized but targeting the most […]

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