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REASONS to open up the economy far outweigh those that require it to be kept closed, according to the National Economic and Development Authority (Neda).

The pronouncement came after the Department of Health (DOH) reported on Wednesday that the new Covid-19 strain that originated in the United Kingdom has already reached Philippine shores.

In a presentation, Socioeconomic…

THE CENTRAL BANK’S direct advances to the National Government are not considered as debt monetization and are temporary in nature due to the coronavirus crisis, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said.

“No it’s not [debt monetization]. We’re not monetizing. This will not be a permanent feature of the fiscal and monetary relationship,”…

DESPITE the Bangko Sentral ng Pilipinas’s (BSP) aggressive rate cuts to boost the economy through lending, bank lending growth almost ground to a halt in November 2020 as restrictions and uncertainty on the future of the global health crisis continue to dampen economic sentiment in the country.

BSP data released on Thursday showed that bank lending…

THE Trade department has asked the new chairman of the House committee on trade and industry to prioritize the passage of consumer protections and pricing laws.

Trade Secretary Ramon M. Lopez and Navotas Representative John Reynald M. Tiangco held their first virtual meeting Tuesday.

In a statement Thursday, the Department of Trade and Industry (DTI) said Mr.…

SLOW INTERNET connections and lack of trust in financial technology (fintech) services are hindering the transition to digital technology of micro, small and medium enterprises (MSMEs), the competition regulator said.

Speaking at a webinar organized by the Asian Development Bank (ADB) Wednesday, Philippine Competition Commission Chairman Arsenio M. Balisacan said that the digital shift accelerated by…