LBC moves to ‘flatten the curve,’ donates P50-M supply of masks

LBC heeds the government’s call to move for the nation, during this time of COVID-19, and commits P50 million worth of supply of (washable/reusable) two-ply masks,...
A truck leaves the National Food Authority-Negros Occidental warehouse in Bacolod City on Mar. 27, 2020 carrying government rice for distribution to families affected by the 14-day enhanced community quarantine to curb the spread of coronavirus pandemic in the province. The NFA said Tuesday it has fully released about P63 million worth of rice to all towns and cities in Negros Occidental. PHOTO COURTESY OF PIO NEGROS OCCIDENTAL

Over 50K bags of NFA rice procured in NegOcc

BACOLOD City – Local government units (LGUs) in Negros Occidental have procured about 50,500 bags of rice from the National Food Authority (NFA) for relief assistance...

DBP offers assistance to expand health care facilities in the country

STATE-RUN Development Bank of the Philippines (DBP) has offered to provide financing to public and private health care institutions and boost the overall capacity of the...
A woman is carrying food packs to be distributed among households. On Wednesday, Finance secretary Carlos Dominguez III said half of the P200 billion to be distributed to people whose livelihoods were affected by the enhanced community quarantine imposed to curb the coronavirus pandemic is now available. GETTY IMAGES

‘Cash for social amelioration program now ready’

MANILA — Half of the P200 billion to be distributed to people whose livelihoods were affected by the enhanced community quarantines imposed to curb the coronavirus...
Bangko Sentral ng Pilipinas on Friday declined to comment on the arrest of former Foreign Affairs Secretary and Banco Filipino Savings and Mortgages Bank director Perfecto Yasay Jr. ABS-CBN NEWS

BSP relaxes ID requirements for select banking transactions

THE Bangko Sentral ng Pilipinas (BSP) has eased the requirement for the presentation of a valid identification document (ID) for select transactions while an enhanced community...
Traders talk in front of an electronic board displaying stock figures and currency exchange rates on the floor of the Philippine Stock Exchange in the Makati district of Manila, the Philippines. BLOOMBERG

Philippine shares retreat on manufacturing decline

PHILIPPINE share prices swung back to red territory yesterday as investor sentiment was dragged by the decline in the country’s manufacturing output as well as sell-off...
Department of Finance (DOF) Secretary Carlos Dominguez III. ABS-CBN

Finance chief: COVID-19 mass testing a must

MANILA – Department of Finance (DOF) Secretary Carlos Dominguez III favors mass testing for coronavirus disease 2019 (COVID-19) but raised the need to improve capacity first. “It’s...

Debt relief needed as pandemic hurts poorest nations – WHO

GENEVA - The head of the World Health Organization voiced deep concern on Wednesday about the rapid escalation and global spread of COVID-19 cases from the...

PCSO to release P447-M financial aid to gov’t hospitals

THE Philippine Charity Sweepstakes Office (PCSO) is set to release anew P447 million as financial assistance to various government hospitals across the country. General manager Royina Garma...
Of those affected, more than 80 percent pointed out problems related to sourcing parts and materials, with 95.8 percent in the Philippines, 87.9 percent in Indonesia and 87.0 percent in Malaysia reporting that they are suffering as they rely relatively more on imports than local procurement. ABS-CBN

Pandemic hurts supply chains for Japan firms in Philippines, Southeast Asia, India

TOKYO - Two-thirds of Japanese firms doing business in India and Southeast Asia have been hobbled by supply chain disruptions amid the ongoing coronavirus pandemic, according to...