November 25, 2020

Govt to raise P73.2 billion to inoculate 60% to 70% of population against Covid-19

The government has sufficient funds to immunize 60 million Filipinos from the novel coronavirus disease (Covid-19), the Department of Finance (DOF) has assured.

BoI-approved investments drop 17% in first 10 months

THE Board of Investments (BoI) approved P826 billion in investments in the first 10 months, nearly a fifth lower than the estimated P1 trillion in the same period last year.

End of 2021 to early 2022 ‘realistic’ rollout for COVID vaccination — Galvez

The "realistic" scenario of when the Philippines can roll out its COVID-19 vaccination program is from end of 2021 to early 2022, vaccine czar and pandemic response chief implementer Carlito Galvez Jr. said Wednesday.

Take from ‘sin’ products dips 8.5% on lockdowns

EXCISE tax collections on “sin” products from January to September slid by 8.5 percent year-on-year as Covid-19-induced lockdowns dampened consumer demand.

10-month tourism arrivals, receipts plunge by 80%

CONTINUING travel restrictions here and abroad to contain the spread of Covid-19 have pulled down inbound tourism arrivals by 80.6 percent to 1.32 million, from January to October 2020.


Health Secretary Francisco Duque III says DOH and DTI set the price range for RT-PCR COVID-19 testing at ₱4,500 to ₱5,000 for private hospitals and laboratories. The price for a swab test is set at ₱3,800 in public facilities.

PSA tallies 5.8 million registrants for national ID

The Philippine Statistics Authority said close to 6 million Filipinos have pre-registered for the Philippine ID System, pushing closer to the agency's target registrants by December.

Angkas underscores new COVID-19 guidelines as riders face ‘challenging’ first day back on road

As Angkas bikers start to ply the metro roads anew, the motorcycle ride-hailing firm reminded passengers to take note of the new COVID-19 guidelines in order to ease the booking process.

November 24, 2020

PH can secure up to 60 million doses from 3 pharma firms by next year—Galvez

The Philippines can get as much as 60 million doses of COVID-19 vaccines by next year should its negotiations with three pharmaceutical companies become successful, vaccine czar Secretary Carlito Galvez Jr. said.

PH close to securing deal with AstraZeneca, other talks in place to secure 60 million COVID-19 vaccine doses

The Philippine government is very close to securing a deal for advance purchase of 20 million doses of AstraZeneca's COVID-19 vaccines, the country's vaccine czar said.

PHL banks to face asset quality risks until next year — Fitch

Philippine banks will struggle with risks to asset quality going into the first half of 2021, Fitch Ratings said.

BSP lays out proposed liquidity management rules for Islamic banks

THE BANGKO SENTRAL ng Pilipinas (BSP) has released proposed guidelines for the management of liquidity risks by Islamic banks and banking units for Shariah-compliant instruments.

PEZA may exceed investment goal

THE Philippine Economic Zone Authority (PEZA) is aiming to approve more than P100 billion in investment pledges by the end of the year, led by a potential investor relocating from China.

Too early to say worst is over, says ex-BSP exec

FORMER economic managers warned it might be too early to claim the “worst is over” for the Philippine economy, saying that quarantine restrictions should be further loosened to ensure a stronger and more inclusive recovery.

Drug used for mild COVID-19 cases in China approved in PH as traditional medicine

The first registered traditional Chinese medicine in the Philippines – Lianhua Qingwen, used in China for mild cases of coronavirus disease (COVID-19) – was formally launched in the country Monday.

November 23, 2020

BI allows foreign businessmen to enter Philippines

“Effective immediately, treaty traders and treaty investors, or those issued visas pursuant to Section 9(d) of the Philippine Immigration Act of 1940 are allowed to enter the country,” read a statement from Bureau of Immigration Commissioner Jaime Morente.

Price cap on COVID testing may be released this week, Palace says

The price cap on COVID-19 testing — one of the measures meant to ensure access to affordable health services during the pandemic — may be released this week, Malacañang said Monday.

Bills modernizing PHL banking sector pushed

A LAWMAKER on Friday pushed for the passage of several measures aimed to modernize the country’s banking sector.

DOH warns vs use, selling of unauthorized COVID-19 vaccines

The Department of Health warned the public and manufacturers on Monday against selling unregistered drugs that have not been cleared as safe and effective by the country's health and regulatory officials, following reports that some lawmakers have already been vaccinated against COVID-19.

Angkas riders return to roads for pilot run, other motorcycle taxis seen to follow

More transportation options are now available to commuters after Angkas received the green light to resume its pilot run starting Monday. Over 6,500 Angkas riders who have tested negative for COVID-19 and passed government guidelines will ply roads after over eight months of suspension of operations due to strict quarantine measures.

GCQ in Davao City likely to remain until end of 2020 – Mayor Sara

Mayor Sara Duterte told Dabawenyos that the general community quarantine (GCQ) status in Davao City may be extended until the end of the year.

DOE exempts PNOC-EC coal projects in moratorium

Despite the Department of Energy’s (DOE) moratorium on new coal projects, it was specified that the coal ventures of state-run Philippine National Oil Company-Exploration Corporation will not be covered by that investment prohibition.

Gov’t told to expand digital tax foothold

The government should look at digital payment systems that can cover cross-border transactions to widen its digital tax base, according to the National Tax Research Center.  Long-standing issues such as poor internet connection and the lack of infrastructure should also be addressed, the state think tank said in a recent study

BSP likely to keep dovish stance

THE Philippine central bank would probably remain dovish and might cut benchmark interest rates again next month and in the next quarter as the recovery outlook remains uncertain, analysts said.