According to the Philippine Statistics Authority, 99.9 percent of the 144,640 establishments in accommodation and food and service activities are considered micro, small and medium enterprises. To date, an estimated 4.8 million formal and informal tourism industry workers have been affected by the various levels of community quarantines in the Philippines, according to the country’s tourism stakeholders. BLOOMBERG

Tourism stakeholders push for P10-B credit facility in Bayanihan 2 for COVID-hit businesses

THE country’s tourism industry stakeholders has called on the government and lawmakers to keep intact the P10-billion credit facility for the sector’s COVID-19-hit micro...
The Bangko Sentral ng Pilipinas has increased banks’ credit exposure limit to the real estate sector, allowing them to extend more property loans to their borrowers. GMA

BSP hikes real estate loan limit to 25%

PHILIPPINE monetary officials have expanded the real estate loan limit for universal and commercial banks (U/KBs) from 20 percent to 25 percent, a move...
Prof. Eric Soriano and other top-tier speakers will be featured in a Family Business Governance conference entitled “The Power of Succession Planning: Blueprinting A 100-Year Old Journey” on August 29, 2020.

Family Business Governance — Important Then and Now

THE Need for Family Governance Then The Philippine business landscape is unquestionably dominated by family-owned businesses. Despite the humble connotation that average men try to...

Bleak future seen for Philippine aviation sector — CAB

THE outlook for the country’s aviation industry remains negative as global air travel will take time to recover from the onslaught of the COVID-19...
The Philippine Association of Meat Processors Inc appealed to the Department of Agriculture to spare mechanically deboned meat (MDM) from the import ban, saying it will affect the manufacture of goods. ABS-CBN

Hotdog shortage? Meat processors say likely due to ban on imports from Brazil

A MEAT industry group warned of a possible shortage of products like hotdogs and meatloaf because of the government’s ban on imports of meat...
Bangko Sentral ng Pilipinas Governor Benjamin E. Diokno says the central bank’s chatbot called BOB empowers financial consumers by giving them a more accessible channel for raising complaints. NEDA.GOV.PH

BSP’s consumer chatbot is now live

BANGKO Sentral ng Pilipinas (BSP) said yesterday its chatbot called BOB is now live to assist consumers. The chatbot was created to help on concerns...
Electric cooperatives have recorded 209,781 additional consumer connections from January to June this year. But the figures are 15% lower than the consumer connections reported in the first six months of 2019, says National Electrification Administration Administrator Edgardo Masongsong. NEA

NEA: New electricity consumer connections down 15% due to COVID-19

THE National Electrification Administration (NEA) said Tuesday the new electricity consumer connections in the first half of 2020 declined 15% due to mobility restrictions...
The youth aged 15 to 24 years in the Asia and the Pacific would be “hit harder” by the COVID-19 pandemic, a report released on Tuesday showed. AFP

Pandemic ‘amplifies’ employment woes for Asia’s youth – study

THE youth aged 15 to 24 years in the Asia and the Pacific would be “hit harder” by the COVID-19 pandemic, a report released...
PERNIA. ABS-CBN

Science ‘underutilized’ in Philippines’ pandemic reponse – ex-NEDA chief

FORMER Socioeconomic Planning Secretary Ernesto Pernia noted Friday that science was “underutilized” in the Philippines’ response to the COVID-19 pandemic. The country’s coronavirus task force...

M Lhuillier Offers a Convenient Way to Pay Your Bills

Paying bills has always been part of every adult’s to-do list every month. May it be for electricity, water, phone, or Internet bills, it’s...