PH receives $1.2B loan from World Bank to fight COVID-19

The World Bank has disbursed a total of $1.2 billion as of April this year  in concessional financing to the Philippines to support the government’s efforts in containing the spread of the coronavirus pandemic and providing emergency relief to families most affected by this unprecedented global health and economic crisis.   Since April 2020, the World Bank… Read More PH receives $1.2B loan from World Bank to fight COVID-19

DPWH sees completion of Binondo-Intramuros Bridge by March 2021

The Department of Public Works and Highways said the construction of  the Binondo-Intramuros Bridge is on track to be completed by March next year despite the lockdown due to COVID-19.  According to DPWH, he Estrella-Pantaleon Bridge Project is now 56 percent completed while Binondo-Intramuros Bridge Project is now 36 percent completed. Pouring of foundation for… Read More DPWH sees completion of Binondo-Intramuros Bridge by March 2021

PH to get additional support from Japanese gov’t to fight COVID-19

The Philippines is set to receive additional support from the Japanese government to help fight against COVID-19.  The Japan International Cooperation Agency (JICA) is giving laboratory equipment and supplies for use of the Research Institute of Tropical Medicine (RITM) and San Lazaro Hospital as virus cases rise.  The laboratory equipment and supplies will further boost… Read More PH to get additional support from Japanese gov’t to fight COVID-19

Gov’t to ban unauthorized sale of liquor, cigarettes via online

The Department of Finance is proposing to ban the unauthorized sale of liquor, cigarettes and other “sin” products in the electronic marketplace to ensure that these vice-inducing goods are no longer accessible to minors.  Finance Secretary Carlos Dominguez III  issued the statement after finding out that digital commerce platforms such as Lazada are selling popular… Read More Gov’t to ban unauthorized sale of liquor, cigarettes via online

NEDA supports digital platforms to invest in retail bonds

The National Economic and Development Authority (NEDA) is supporting the  move of the Bureau of the Treasury (BTr) of the Philippines to explore digital platforms in allowing investors to access investments in retail treasury bonds (RTB). “The launch of BONDS.PH app comes at a very opportune time. When the country is in most need of financing, this… Read More NEDA supports digital platforms to invest in retail bonds

Mass testing needed to defeat virus—Concepcion

By Patrick Villalobos, Contributor AS the country reels from the coronavirus disease 2019 (Covid-19) crisis, mass testing is key to maintain the health situation under control and expedite economic recovery, according to an economist. “Test, test, test, and isolate is the only way to save the jobs and livelihoods of our Filipino people,” Presidential Adviser… Read More Mass testing needed to defeat virus—Concepcion

DPWH chief Mark Villar tests positive for COVID-19

Public Works Secretary and chief isolation czar Mark Villar has tested positive for the coronavirus disease 2019 (COVID-19). “I regret to announce that today, July 15, I received my test result and it is positive for COVID-19,” Villar said in his Facebook post.  Besides Villar, Senators Aquilino Pimentel 3rd., Sonny Angara, Juan Miguel Zubiri, Education… Read More DPWH chief Mark Villar tests positive for COVID-19

Tesda offers free skills training to journos, dependents

By Patrick Villalobos, Contributor Journalists and their dependents can now avail of free skills training from the Technical Education and Skills Development Authority (Tesda), following the agency’s execution of a memorandum of agreement (MOA) with the National Press Club (NPC).  Per the pact, NPC members or any two immediate members of their family, as well… Read More Tesda offers free skills training to journos, dependents

DTI urges LGUs to start curfew at 12 midnight for longer biz hours

The Department of Trade and Industry (DTI) wants local government units (LGUs) to implement a shorter curfew for longer business hours.  Trade Secretary Ramon Lopez said longer operating hours would help restaurants and fast-food chains with dine-in services to accommodate more customers.  “I hope they will allow it because it will give additional income. Instead… Read More DTI urges LGUs to start curfew at 12 midnight for longer biz hours

PPA launches e-payment portal for port-related charges

State-run Philippine Ports Authority (PPA)  has unched its electronic-payment portal (EPP) in its bid to digitize collection of port charges to reduce face-to-face transaction and comply with the ‘new normal’ scheme due to the prevalence of the COVID-19 pandemic. The EPP, designed and develop by in-house technology and online platform experts, is a major upgrade… Read More PPA launches e-payment portal for port-related charges