100,000 EMPLOYERS AWAITING CASH RESCUE DURING COVID-19 LOCKDOWN: LABOR DEPT MANILA - Some 100,000 employers are awaiting cash aid from government, the Department of Labor and Employment (DOLE) said Tuesday, as workers reeled from Luzon's month-long lockdown. The agency has so far disburs
NO PLAN TO EXTEND 21-DAY LOCKDOWN: GOVT The government on Monday said that there was no immediate plan to extend the 21-day lockdown amid fears that shutdown of businesses across the country to counter the spread of coronavirus might trigger severe economic and social distress.
XI'S CALL SETS RIGHT TONE FOR BATTLE Amid the mounting risks the novel coronavirus pneumonia outbreak has brought to the world, President Xi Jinping's call for "an all-out global war" against the pandemic at the recent G20 Extraordinary Leader's Summit on COVID-19 has great relevance to add
NETHERLANDS RECALLS DEFECTIVE MASKS IMPORTED FROM CHINA Dutch officials have recalled tens of thousands of masks imported from China and distributed to hospitals battling the coronavirus outbreak because they do not meet quality standards. They received a delivery of masks from a Chinese
8 PERISH AS TOKYO-BOUND PLANE CATCHES FIRE AT NAIA MANILA — An aircraft caught on fire at the Ninoy Aquino International Airport late Sunday as it was about to take off, killing eight people, the Manila International Airport Authority confirmed. According to a source, Lionair RPC5880
XI-TRUMP CALL HELPS EASE TENSIONS President Xi Jinping on Friday urged united efforts between China and the United States to fight the COVID-19 pandemic. In a phone conversation with US President Donald Trump, Xi said bilateral relations are now at a critical juncture, and both nat
IMF CHIEF KRISTALINA GEORGIEVA: WE HAVE ENTERED RECESSION The head of the International Monetary Fund said Friday it is clear that the global economy has now entered a recession that could be as bad or worse than the 2009 downturn. IMF Managing Director Kristalina Georgieva said the 189-
GDP GROWTH SEEN TO SLOW BELOW 1.1% Worse than during global financial crisis in 2008 MANILA — Analysts are not discounting the possibility that the Philippine Economy will be worse off this year than during the global financial crisis in 2008. In separate reports, bank economists sa
XI STRESSES KEY ROLE OF G20 Members of the G20 should enhance their coordination in macroeconomic policies to prevent a global recession resulting from the novel coronavirus outbreak, President Xi Jinping said on Thursday. Xi made the remark while delivering a speech during the G20
3.3 MILLION AMERICANS APPLY FOR UNEMPLOYMENT More than 3 million people filed for unemployment benefits last week, sending a collective shudder throughout the economy that is unlike anything Americans have experienced. The report, released by the Labor Department on Thursday, provides so
