As the government placed Luzon under enhanced community quarantine due to the rising number of virus cases, vehicle sales face severe downside risks this year, Fitch Solutions said in a report dated Mar. 23. PHILKOTSE.COM

PH auto sales seen to grow 0.4% amid pandemic

MANILA – Fitch Solutions forecasted the country’s automotive industry to grow by 0.4 percent this year to 371,345 units, lower from its previous projection of 7.4...
In South Korea, getting tested at a drive-through center is absolutely free and there’s no need to ever exit your vehicle. NBC News

Drive-thru test centers created in some virus-hit nations

IF you’ve been keeping tabs on international news throughout the course of the COVID-19 pandemic, you’ll know health officials are always stressing two things....
Following the ongoing list of local and international automotive events to either be canceled or postponed, the Manila International Auto Show (MIAS) is the latest car show to be rescheduled due to the ongoing COVID-19 health crisis. PAULO RAFAEL SUBIDO

International auto show postponed due to COVID-19

FOLLOWING the ongoing list of local and international automotive events to either be canceled or postponed, the Manila International Auto Show (MIAS) is the latest...
Undersubscription is again registered during the term deposit facility auction on Wednesday. MSN

Peso rebounds back to P50:$1 on RRR cut

THE Philippine peso rebounded back to the P50:$1 level on Tuesday, buoyed by the decision of the central bank to reduce the reserve requirement ratio (RRR)...
Bonifacio Global City in Metro Manila, which used to be teeming with acvitity. The Philippine government has ordered most companies to wind down, as it enforces a lockdown across a third of the country. CRISTINA MENINA FOR THE STRAITS TIMES

NEDA proposes 3-phase approach to counter pandemic

THE National Economic and Development Authority (NEDA) has proposed a three-phase approach to cushion the social and economic impact of the coronavirus disease 2019 (COVID-19) to...

Stimulus package ‘good’ for now – Pernia

THE Philippines’ billion-peso stimulus package against the coronavirus pandemic is “good enough” for now, the socioeconomic planning chief said Monday, adding that it was “possible” for...

BTr rejects T-bill tenders on higher-than-expected yields

MANILA – The Bureau of the Treasury’s (BTr) auction committee on Monday rejected bids for all treasury bill (T-bill) tenors after noting the general demand for...
A volunteer transports food aid in Barangay Batis in San Juan City on Mar. 23, 2020. ABS-CBN

Virus impact in poverty may be ‘transitory’ – NEDA

THE Philippines hopes that the coronavirus pandemic would have a “transitory” impact on poverty numbers, Socioeconomic Planning Secretary Ernesto Pernia said Tuesday. Should the crisis not drag...

‘Antique has enough supply of rice, fish amid quarantine’

SAN JOSE, Antique – There is an adequate supply of rice for the next two to three months amid the enhanced community quarantine, the Office...

Megaworld to donate 1,000 liters of disinfectant alcohol, 5,000 face masks to Bacolod City

BACOLOD CITY - As part of its ongoing efforts to support local government units in their efforts to curb the spread of COVID-19 in...