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(DSWD / MANILA BULLETIN) Tiangco reached out to DSWD-National Capital Region Director Vicente Gregorio Tomas through sending him a letter on “behalf of the abovementioned clients who were excluded in the list of 1st tranche paid beneficiaries qualified for the 2nd tranche of SAP-ESP (emergency subsidy program).” “[Some of my constituents] sent their concerns via TXT JRT [hotline] to follow-up the status of their 2nd tranche SAP-ESP. However, upon checking the 9,104 payroll file of 2nd tranche of the 1st tranche paid beneficiaries (unsuccessful transactions of Paymaya) and the 5,490 lis...

Financing for the government’s response to the coronavirus disease 2019 (Covid-19) pandemic has ballooned to $13.36 billion (roughly P642 billion) as of mid-December, the Department of Finance (DoF) reported on Wednesday. According to the department, it received $12.72 billion from the Asian Development Bank (ADB), World Bank, Asian Infrastructure Investment Bank, Finance Development Program, Japan International Cooperation Agency, Export-Import Bank of Korea, and US dollar-denominated global bonds. Of the amount, $6.86 billion has been disbursed. The country also got $26.36 million in gran...

The Bangko Sentral ng Pilipinas (BSP) said bank-transferred remittances from overseas Filipinos as of end-October reached $24.633 billion, down 0.9 percent year-on-year form $24.858 billion. The BSP said the “cumulative contraction” in remittances has narrowed from the previous 1.4 percent in September. For 2020, the central bank has predicted that remittances will contract by two percent and then resume its four-percent a year growth in 2021 until 2022. (Ali Vicoy/Manila Bulletin) For the month of October only, cash remittances increased by 2.9 percent year-on-year to $2.747 billion from...

Published December 14, 2020, 4:41 PM The Department of Labor and Employment (DOLE) said affected establishments under the tourism sector that implemented Flexible Work Arrangements (FWAS) or Alternative Work Scheme (AWS) that resulted in a reduction or loss of regular income or wages for its employees for the duration of community quarantine may apply for their workers’ financial assistance.  (MANILA BULLETIN FILE PHOTO) The DOLE said this is for a more “inclusive implementation of the financial assistance and cash for work program for displaced workers in the tourism sector.” In their...

Consumer, business confidence inch up from record plunge as quarantine rules eased in Q4 – poll enablePagination: false (FILE PHOTO) Metro Manila (CNN Philippines, December 10) — Consumer and business confidence have recovered in the last three months of 2020 from a record slump, the Bangko Sentral ng Pilipinas said, drawing optimism from looser quarantine restrictions. Results released Friday of the latest Consumer and Business Expectation Surveys by the central bank showed lifted spirits leading up to the holidays. The Christmas cheer led to gains in business confidence, but not as muc...