Shocked Diokno says all-time high jobless rate doesn’t reflect reality: Aug report will be starkly different
The Philippines’ 17.7 percent record-high unemployment rate last April does not reflect the true picture of the economy and the jobs market due to the impact of the global pandemic, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said.
This is the worst unemployment record since January 2005 when the jobless rate surged to 11.5 percent.
The construction of two bridges over Pasig River has resumed at 50 percent capacity, the Chinese Embassy in Manila said.
Phoenix Petroleum of business magnate Dennis Uy incurred a P215 million net loss in the first quarter, a reversal of the P415 million profit reported in the same period last year as the company’s profitability has been weighed down by weak demand and low fuel prices.
The country’s biggest business organizations is making it known to President Rodrigo Duterte that they are not amused by pubic officials themselves openly flouting the rules on enhanced community quarantine (ECQ) as part of a broad strategy to contain the coronavirus.
Like flogging dead horse: Duterte appeals to mall, building owners not to collect rent from losing tenants
President Rodrigo Duterte is appealing to owners of malls and commercial buildings to be sympathetic to the plight of their tenants that have been forced to shut down or operate marginally during the months-long enhanced community quarantine (ECQ).
From P30B to P13.4B: Gotianun slashes new condo projects by more than half as COVID decimates residential sales
The Gotianuns are scaling back drastically on new Filinvest Land Inc. project launches this year as the coronavirus pandemic decimates residential sales.
City Savings Bank, a thrift bank subsidiary of Union Bank of the Philippines, said its teachers’ loan portfolio remained resilient even with payment suspensions during the quarantine period.
Malacañang on Thursday floated the possibility that the entire country might be placed under general community quarantine (GCQ) by August.
CEBU CITY – The chair of the Regional Development Council Central Visayas (RDC-7) is urging private companies to shoulder the expenses in conducting rapid diagnostic testing (RDT) for their workers.