THE PESO could strengthen versus the dollar this week on the back of an expected recovery in remittances. The local unit finished at P48.54 against the greenback on Thursday, gaining 4.5 centavos from its P48.585 close on Wednesday, data from the Bankers Association of the Philippines showed. Meanwhile, it depreciated by a centavo from its P48.53-per-dollar finish on March 31. ...

COURTESY OF PHILIPPINE STOCK EXCHANGE, INC. TRADING at the stock market this week will remain choppy as investors monitor the rising of coronavirus disease 2019 (COVID-19) cases in the country and recent tensions in the disputed West Philippine Sea. The Philippine Stock Exchange index (PSEi) declined by 106.54 points or 1.6% to close at 6,545.17 on Thursday. Week on week, ...

PHILSTAR By Vann Marlo M. Villegas and Kyle Aristophere T. Atienza, Reporters THE PHILIPPINE Defense chief discussed the situation in the South China Sea and regional security developments with his US counterpart on Sunday, according to the country's military spokesman, amid increased Chinese presence in the disputed waterway. Philippine Defense Secretary Delfin N. Lorenzana and US Secretary of Defense Lloyd ...

PCOO.GOV.PH By Kyle Aristophere T. Atienza and Vann Marlo M. Villegas, Reporters PHILIPPINE President Rodrigo R. Duterte on Sunday eased the lockdown in Manila, the capital and nearby cities and provinces while urging local governments to boost their response to the coronavirus pandemic. Metro Manila would be under a modified enhanced community quarantine from April 12 to 30, Presidential Spokesperson ...

Employers, workers groups say more cash aid needed with another lockdown BOTH employers and employees on Sunday said another week of a strict lockdown in the Philippine capital and nearby provinces will be difficult if no aid will be given to affected sectors, adding restrictive measures cost billions to the economy daily. "You're looking at business from bad to worse, ...

Courts in Metro Manila, nearby provinces to remain closed COURTS in the capital region and neighboring provinces of Bulacan, Cavite, Laguna, and Rizal will remain physically closed until April 18, the Supreme Court ordered on Saturday. "Considering the unabated rise of Covid-19 (coronavirus disease 2019) cases, the requests of the judges and court personnel, and upon the concurrence of the ...

IATABy Arjay L. Balinbin, Senior Reporter THE TOURISM department is set to present a proposal to the Inter-Agency Task Force on Emerging Infectious Diseases (IATF) for airlines to adopt a platform developed by the International Air Transport Association (IATA) that will enable passengers to digitally manage their travel documents and share their test and vaccination results. "We will present it ...

PHILSTAR THE GOVERNMENT needs to limit lockdowns to defined high-risk areas only and ensure smooth delivery of goods and services to minimize the impact on the economy, the Department of Finance (DoF) said. "Like fiscal incentives that should be time-bound and targeted, strict quarantine measures, if and when they are called for, should be localized and time-bound while not unnecessarily ...

GLOBAL RENEWABLE generating capacity grew 10% last year to around 2,799 gigawatts (GW) despite the economic slowdown caused by the pandemic, according to the International Renewable Energy Agency (IRENA). An IRENA official said in a statement that 2020 is the beginning of the "decade of renewables." "Renewables' rising share of the total is partly attributable to net decommissioning of fossil ...

DOTR THE DEPARTMENT of Transportation (DoTr) said it recently endorsed a project proposal to the National Economic and Development Authority (NEDA) for the construction of a cable transit system between the Light Rail Transit (LRT) Line 2's Santolan Station in Marikina City to Barangay Rosario in Pasig City. "The feasibility study as well as the other required studies by NEDA ...