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May 11, 2021
Philippines remains in recession as GDP shrinks 4.2% in Q1 BusinessWorld 3 days ago © Provided by BusinessWorld The Philippines’ gross domestic product (GDP) fell by an annual 4.2% in the first quarter. — PHILIPPINE STAR/ MICHAEL VARCAS © Provided by BusinessWorld The Philippines’ gross domestic product (GDP) fell by an annual 4.2% in the first quarter. — PHILIPPINE STAR/ MICHAEL VARCAS THE PHILIPPINE economy contracted more than expected in the first quarter, extending the re...
May 11, 2021
Published May 11, 2021, 7:23 PM House Speaker Lord Allan Velasco on Tuesday, May 11 advised government to “go big” in making available another relief package to address the devastating effects of the novel coronavirus disease (COVID-19) pandemic even as the country’s gross domestic product dwindled by 4.2 percent in the first quarter of 2021, reportedly marking the longest recession faced by the country in recent history. “As COVID-19 continues to negatively affect the economy, there’...
May 10, 2021
Good News Pilipinas Free digital skills training for 25k Filipinos from The Asia Foundation, Google.org Training on digital tools for jobseekers conducted by Pailig Development Foundation in Barangay Dalama, Baroy, Lanao del Norte. Training sessions have since moved online to accommodate more Filipinos. Free digital skills training is being offered to 25,000 Filipinos by The Asia Foundation, Pailig Development Foundation, Clevergrit Web Services, and Yoveo Digital, with the support ...
May 9, 2021
Published May 9, 2021, 3:23 PM Senator Francis “Kiko” Pangilinan on Sunday urged Senate and House lawmakers to prioritize the passage of the proposed third stimulus package that would help spur the country’s economic recovery from the damage brought about by the coronavirus (COVID-19) pandemic when Congress resumes sessions on May 17. Pangilinan said lawmakers are in agreement for the need to immediately start the debates on the proposed “Bayanihan 3” or the Bayanihan to Rebuild as On...
May 9, 2021
BusinessWorld May 9, 2021 | 7:36 pm PHILIPPINE STAR THE DEPARTMENT of Budget and Management (DBM) said it is still seeking to identify funding sources for the third economic stimulus package, proposed at P405 billion, as the legislation goes before the House appropriations committee this week. In an interview with DZBB Sunday, Budget Secretary Wendel E. Avisado said the department is not opposed to the House of Representatives’ desire to pass the Bayanihan to Arise as One bill...
May 9, 2021
Press Release Pangilinan backs calls to probe Bayanihan 1 and 2 spending SENATOR Francis "Kiko" Pangilinan has backed calls for the special audit of the 570-billion-peso fund earmarked under the Bayanihan 1 and Bayanihan 2 to ensure that billions of pesos in public funds are spent accordingly to help alleviate the effects of the coronavirus disease 2019 (Covid-19) pandemic. "Dapat suportahan natin iyan. Kailangang busisin natin iyan dahil bilyun-bilyon ang halagang involved dito," said Pangilin...
May 9, 2021
BusinessWorld May 10, 2021 | 12:33 am Reporter THE CENTRAL BANK is widely expected to keep policy unchanged when it announces its decision this week, amid uncertainty over the pandemic and its impact on economic recovery, a BusinessWorld poll of analysts showed. A BusinessWorld poll held last week showed 15 out of 17 analysts are of the view that the Bangko Sentral ng Pilipinas (BSP) will maintain its overnight reverse repurchase rate or the key policy rate at a record low of ...
May 7, 2021
May 07, 2021 IN RESPONSE to the Commission on Audit’s (COA) report questioning the validity of the Davao City Governments assets worth P9.489 billion in 2020, Mayor Sara Duterte-Carpio said the Covid-19 community quarantine restrictions prevented the city from making a physical inventory on these assets. In a statement provided to the media by the Davao City Information Office on Thursday night, May 6, Duterte-Carpio said the COA observations with corresponding recommendations we...
May 6, 2021
The Senate minority leader says the only way to provide funds for the proposed Bayanihan to Arise as One Act or Bayanihan 3 is through realigning some items under the 2021 budget.
May 6, 2021
This is the second program of one-act operas presented by Fletcher Opera this year to maximize performance opportunities during the pandemic. LaCosse, artistic director of the A.J. Fletcher Opera Institute, said that singers have been called âsuperspreadersâ in these COVID-19 times. âIt is especially challenging for opera singers to perform during the pandemic because their vocal projection can carry respiratory droplets farther than speaking,â LaCosse said. He said one-act ...