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Philippines remains in recession as GDP shrinks 4.2% in Q1

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...
Metro Manila Philippines General San Carlos Negros Occidental Camarines Norte Cavite City
Source: msn.com

"Go big" on next COVID-19 relief package, Velasco tells government

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’...
Quezon City Department Of Public Department Of Budget House Speaker Lord Allan Velasco Lower House One Act
Source: mb.com.ph

Free digital skills training for 25k Filipinos from The Asia Foundation, Google.org

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 ...
Lanao Del Norte Quezon City Bernadette Nacario Digiskarteng Pinay Jerry Clavesillas Sam Chittick

Lawmakers urged to prioritize Bayanihan 3 upon resumption of regular session

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...
Quezon City Stella Luz Quimbo Francis Kiko Pangilinan Allan Velasco Senator Francis One Act
Source: mb.com.ph

DBM still working on how to fund third stimulus package

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...
Marikina City Quezon City Stella Luza Quimbo Wendele Avisado Gillianm Cortez Committee On Appropriations

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Press Release - Pangilinan backs calls to probe Bayanihan 1 and 2 spending

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...
Quezon City Francis Kiko Pangilinan Risa Hontivero Senate Resolution Commission On Audit Senator Risa Hontivero Senate Resolution Bayanihan Heal

Economists expect BSP to keep policy unchanged

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 ...
Sun Life Philippine Islands Philippines General Quezon City Bangko Sentral Emilios Neri Jr

COA flags Davao City's P9.489-B assets

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...
Davao City Quezon City Sara Duterte Carpio Davao City Information Office On Services Office Commission On Audit

Fletcher Opera Institute presents French opera double bill May 7 and 9

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 “superspreaders” in these COVID-19 times. “It is especially challenging for opera singers to perform during the pandemic because their vocal projection can carry respiratory droplets farther than speaking,” LaCosse said. He said one-act ...
France General United Kingdom Yuko Taniguchi Lawrence Hall Maureen Wynne Brennan Martinez

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