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EastWest Bank nets 75% more on better margins - 2020-05-19
Earnings of Gotianun-led East West Banking Corp. surged by 75 percent to P2.3 billion in the first quarter from P1.3 billion in the same period last year despite higher provisioning for bad loans.

Government not holding back on borrowings--DOF
BusinessMirror - 2020-05-19
By Bernadette D. Nicolas & Butch Fernandez THE government is "not skimping on borrowing funds," Finance Secretary Carlos G. Dominguez III told senators on Tuesday, as he was grilled about how the Duterte administration planned to mobilize resources in the continuing battle against the coronavirus pandemic.

Soft spot in my heart
BusinessMirror - 2020-05-19
ONE of the last major tournaments that escaped the curse of Covid-19 was the PAL (Philippine Airlines) Interclub Golf Championship held in Bacolod City. Its standard two tournaments held yearly the last three decades or so went on as scheduled in February to March,

Tariff hikes not right fix, government warned
BusinessMirror - 2020-05-19
BUSINESS leaders and economists on Tuesday sounded the alarm against government plans to raise tariffs on certain imports to refill its coffers. Their word of caution to government: importers will just pass on additional costs to consumers already reeling from lost income.

UP-CHK sets up step-down facility
BusinessMirror - 2020-05-19
THE University of the Philippines (UP) opened the Kalinga Center of the College of Human Kinetics (CHK) Gym as a step-down isolation facility for recovering Covid-19 patients and for those awaiting results of their retest.

Over 100 million jobs lost worldwide to Covid-19 -- WTTC
BusinessMirror - 2020-05-19
Covid 19, the World Travel and Tourism Council (WTTC) is hoping governments scrap quarantines and opt for quicker, less obtrusive tests for travelers. At a webinar on The Future on Travel co-hosted by the Department of Tourism and the WTTC,

DTI eyes additional tariff on goods - 2020-05-19
The Department of Trade and Industry is considering imposing tariff on goods to help raise revenue for government.

Public warned against bogus - 2020-05-19
The Department of Finance has warned the public against a fake news article saying that the Philippine government has created a platform where Filipinos can invest in cryptocurrency.

Economists forecast sharp drop in remittances - 2020-05-19
Economists expect a bigger drop in remittances from overseas Filipino workers this year due to job losses resulting from lockdowns in host countries amid the coronavirus disease 2019 or COVID-19 pandemic.

(Continued from series on COVID-19 recession) - 2020-05-19
The effects on individuals, households and businesses of the COVID-19 recession is reflected on what happens to their incomes and expenditures.

Survival of the fittest? - 2020-05-19
After the initial shock of the first lockdown began to settle, the more pressing questions started - how do we ensure our leaders make the most of the time we were all forced to spend indoors?

Investors gobble up P15 billion T-bill offer - 2020-05-19
The Bureau of the Treasury made a full award of P15 billion worth of 35-day debt papers as interest rates declined amid strong demand from investors.

Economic recovery seen faster in Asia - 2020-05-19
Emerging Asia economies are likely to recover faster from the pandemic compared with other regions in the world, said London-based think tank Capital Economics.

National ID system: 5 million registrants eyed this year - 2020-05-19
The government is eyeing the registration of the heads of five million low-income families for the national ID system by December to ensure a more efficient distribution of relief assistance in the future.

Stocks rally on positive COVID vaccine trial results - 2020-05-19
The stock market rallied yesterday on news about the coronavirus vaccine trial showing encouraging early results, analyst said.

Quality broadband...when??? - 2020-05-19
Sen. Sonny Angara wants to prepare Filipinos for post-pandemic digital jobs in the gig economy. It is a good idea, but first things first... give them reliable and quality broadband connection.

Teacher arrested for Duterte slay offer freed on bail - 2020-05-19
The public school teacher who was arrested for offering a P50-million reward to anyone who would kill President Duterte has posted bail for his temporary release.

NBI arrests internet personality - 2020-05-19
The National Bureau of Investigation yesterday arrested businessman and social media personality Francis Leo Marcos in connection with a case filed against him in Baguio City in 2014.

LTFRB sets GCQ guidelines for buses - 2020-05-19
The Land Transportation Franchising and Regulatory Board released yesterday guidelines for the operation of public utility buses once Metro Manila shifts to a more lenient general community quarantine.

Ambo-hit Eastern Samar towns under state of calamity - 2020-05-19
The Sangguniang Panlalawigan passed a resolution on Monday on the calamity declaration in Arteche, Maslog, Oras, Sulat, Taft, Jipapad, Can-avid, San Policarpo and Dolores, where damage due to the typhoon to infrastructure was estimated at P58 million and to agriculture at close to P1 billion.

Basa Air Base on lockdown - 2020-05-19
Basa Air Base in Floridablanca has been placed on lockdown for 14 days due to the coronavirus disease 2019 or COVID-19.

ECQ eyed for Navotas - 2020-05-19
Navotas Mayor Toby Tiangco wants to put the city back to enhanced community quarantine due to rising COVID-19 cases and a delay in mass testing results.

Presidential adviser: Private firms can use both rapid and RT-PCR tests on their employees
CNN Philippines - 2020-05-19
Presidential Adviser for Entrepreneurship Joey Concepcion suggests private companies opening under relaxed quarantine measures can both use rapid and RT-PCR tests among their employees to help ramp up the testing capacity in the country.

P210-M worth of illegally imported cigarettes destroyed in Zambo City
Philippine Daily Inquirer - 2020-05-19
Some P210 million worth of illegally imported cigarettes seized in a series of operations last year were destroyed on Tuesday, May 19. Lawyer Segundo Sigmund

LTFRB orders PUVs to keep list of passengers for contact tracing
CNN Philippines - 2020-05-19
With public transportation expected to resume but COVID-19 still posing a grave threat, authorities order public utility vehicles to list passengers for faster contact tracing should the need arise.

LTFRB orders PUVs to keep list of passengers for contact tracing
CNN Philippines - 2020-05-19
With public transportation expected to resume but COVID-19 still posing a grave threat, authorities order public utility vehicles to list passengers for faster contact tracing should the need arise.

Drilon questions PhilHealth price tag on COVID-19 test package
Philippine Daily Inquirer - 2020-05-19
Senate Minority Leader Franklin Drilon on Tuesday questioned the P8,150 amount to be shouldered by the Philippine Health Insurance Corp. (PhilHealth) under one of its

Gov't may need up to ?11 billion in plan to hire 136,000 contact tracers
CNN Philippines - 2020-05-19
The government will need billions of pesos to meet its target of hiring 136,000 temporary workers to do contact tracing for COVID-19 patients, the Department of Health says.

San Juan, Mandaluyong lift liquor ban but drinking in public still prohibited
CNN Philippines - 2020-05-19
Citing the need for businesses to survive, the cities of Mandaluyong and San Juan lift their liquor ban, but drinking in public places remains prohibited.

ADBI blog blames lockdowns for dip in global oil prices
BusinessMirror - 2020-05-19
THE lockdowns imposed on various countries due to the pandemic is one of the biggest reasons for the decline in oil prices, according to the Asian Development Bank Institute (ADBI). In an ADBI Asia Pathways blog,

Kalabasa farmers in Nueva Ecija look for buyers of their bountiful harvests
Philippine Daily Inquirer - 2020-05-19
Photos of an abundant supply of squash circulated on social media as the municipality of Zaragoza handed out free squash to passersby.

Senate bill pushes establishment of quarantine facilities in every region
BusinessMirror - 2020-05-19
AS quarantine protocols and physical distancing measures are crucial in the fight against the coronavirus disease (Covid-19), as well as other health emergencies, there is a need for the country to be more proactive in preparing for future possible pandemics.

April revenue collections reveal worse pandemic pain - 2020-05-19
Government revenues continued to bleed in April, with collections from both the Bureau of Internal Revenue (BIR) and Customs dropping further and missing respective targets as the coronavirus outbreak disrupted the economy.

'We have put a lot there': Dominguez defends fiscal response to outbreak - 2020-05-19
Sans a supplemental budget, the head of President Duterte's economic team believes the government has deployed "a lot" of funds to respond to the pandemic.

UBX, Lazada team up on SME lending program
Philippine Daily Inquirer - 2020-05-19
UBX, the fintech arm of Union Bank of the Philippines, has teamed up with e-commerce platform Lazada to offer credit lifeline to micro, small and medium enterprises (MSMEs) grappling with the

Expect more thunderstorms - PAGASA - 2020-05-19
PAGASA weather specialist Ariel Rojas also said tropical depression Ambo (international name Vongfong), which weakened into a low-pressure area on Sunday, was no longer affecting the country.

DOH: 8,245 COVID-19 cases in Metro Manila
Philippine Daily Inquirer - 2020-05-19
There are 8,245 coronavirus disease 2019 (COVID-19) cases in the National Capital Region (NCR) with a doubling time (the period required for the number of new

House abandons provisional bill for ABS-CBN to tackle fresh 25-year franchise
CNN Philippines - 2020-05-19
The House of Representatives is dropping the provisional franchise bill for ABS-CBN and is instead resuming deliberations on the grant of a fresh 25-year franchise to the media giant.

Pagasa: Cloudy skies over Luzon; Easterlies to bring warm weather in Visayas, Mindanao
Philippine Daily Inquirer - 2020-05-19
According to weather updates from the Philippine Atmospheric, Geophysical, and Astronomical Services Administration (Pagasa) on Tuesday, isolated thunderstorms and rain showers may occur in ...

Medical societies: Do not use antibody tests on returning workers
CNN Philippines - 2020-05-19
A number of medical societies in the Philippines are warning employers against the use of the rapid antibody test to determine if employees should be cleared to go back to work.

Gov't in talks with airlines for possible building of regional hubs amid calls for gradual airport reopening
CNN Philippines - 2020-05-19
Government officials are in close consultation with airline companies on the possible building of regional hubs-- particularly in areas under more relaxed quarantine measures -- amid calls to gradually reopen select airports around the country.

Russian PM back to work after coronavirus battle
Philippine Daily Inquirer - 2020-05-19
Russian Prime Minister Mikhail Mishustin is returning to work after fighting off the coronavirus, the Kremlin said Tuesday. President Vladimir Putin signed a decree ordering

Australia threatens WTO action as dispute with China deepens
Philippine Daily Inquirer - 2020-05-19
Australia threatened Tuesday to take China to the World Trade Organization to counter a fresh round of punitive sanctions, as the two countries clashed over an investigation into the origins and

ABS-CBN wants to keep its frequencies
BusinessMirror - 2020-05-19
RECALLING and reallocating the radio frequencies currently assigned to em-battled ABS-CBN Corp. is counterintuitive and may prove to be detrimental to public interest, especially since a provisional franchise is forthcoming,

Philippines records 224 new COVID-19 cases bringing total at 12,942
CNN Philippines - 2020-05-19
The Health department records 224 new coronavirus cases, 114 more recoveries, and six new fatalities. While several areas nationwide have already eased quarantine rules, a public health expert says the Philippines has hit a plateau of around 220 new coronavirus cases a day.

Economic team slashes 2020 infra budget
Philippine Daily Inquirer - 2020-05-19
The economic team has slashed the amount set aside to build infrastructure this year even as total expenditures on public goods and services were jacked up to better respond to

Enrile: Why won't Congress pass 25-year franchise for ABS-CBN?
CNN Philippines - 2020-05-19
Former Senate President Juan Ponce Enrile questions the rush to give ABS-CBN a temporary franchise that will allow them to operate for five months, when they should be deliberating on a new 25-year franchise.

Philippines reports 224 new coronavirus infections, cases near 13,000
Reuters - 2020-05-19
The Philippine health ministry on Tuesday reported six new coronavirus deaths and 224 more infections, taking the total number of confirmed cases to 12,942.

Govt building 110 more cases vs barangay execs over anomalous cash aid distribution
Philippine Daily Inquirer - 2020-05-19
After criminally charging at least 23 barangay officials for alleged irregularities in the distribution of the social amelioration program (SAP), Malacañang announced

3 suspected COVID-19 patients die in Quezon
Philippine Daily Inquirer - 2020-05-19
Health authorities in Quezon reported Tuesday that three more suspected coronavirus disease (COVID-19) patients have died in the province. In a report released at 8 a.m., the

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