PRESIDENTIAL CANDIDATES for next year's national elections need to consider extending government benefits to contractual workers instead of abolishing labor contractualization, analysts said. Ateneo de Manila University Economics Professor Leonardo A. Lanzona said that government cannot expect the private sector to provide support to contractual workers and consider the "significant" social gains from enacting policies such as a Universal Basic ...

PHILSTAR THE FINANCE department is asking multilateral banks to come up with guidelines for vetting climate adaptation projects in developing countries, in order to firm up the projects' attractiveness to private investors. Finance Secretary Carlos G. Dominguez III in a letter to the presidents of the World Bank Group (WBG), Asian Development Bank (ADB), and Asian Infrastructure Investment Bank (AIIB) ...

THE Philippine sovereign rating will remain supported by the country's long-term track record of economic growth, which will be weighed against the damage caused by the pandemic, S&P Global Ratings said. It said however that the coronavirus continues to pose risks to the economy's potential. "The Philippine economy remains among the fastest-growing in the world on a 10-year weighted-average per ...

BW FILE PHOTO THE NATIONAL Government in September made debt service payments of P54.45 billion, falling 26.48% year on year following a decline in amortization payments, the Bureau of the Treasury (BTr) reported, citing preliminary data. Around 87.9% of the debt service bill consisted of interest payments, which were up 10.36% at P47.86 billion in September. Interest paid on domestic ...

REAL PROPERTY seized from criminals and subject to civil forfeiture as part of money-laundering prosecutions has been valued at nearly P900 million, Bangko Sentral ng Pilipinas Governor and Anti-Money Laundering Council (AMLC) Chairman Benjamin E. Diokno said. Mr. Diokno reminded the real estate industry of its responsibility to guard against money laundering risks. "As of 2020, real estate with an ...

ASIAN TERMINALS, Inc. (ATI) said net profit in the first nine months fell 24% year on year to P1.5 billion following disruptions in global supply chains, rising fuel prices, pandemic-related measures, and unfavorable foreign exchange rates. "Cargo flow during the third quarter was tempered by operational disruptions in major Asian transshipment hubs caused by spikes in COVID-19 (coronavirus disease 2019) ...

First of two parts Before the COVID-19 pandemic unleashed its unprecedented impact on economies and societies, consumer behaviors were already shifting. Digitalization was reimagining how consumers live, work, play and consume, evidenced by the rapid rise of e-commerce in the Asia-Pacific region. In a survey conducted by VISA (VISA Consumer Payments Attitude Study) mid-year, about 93% of Filipinos increased their ...

DAVAO CIO PRESIDENT Rodrigo R. Duterte's daughter on Sunday said running for vice-president next year was an opportunity to meet halfway her supporters, who wanted her to run for president. "I have thousands of supporters who cried last Oct. 8 and I cannot find it in my heart to make them cry again on Nov. 15," Davao City Mayor Sara ...

MAINTENANCE workers from the Pasig local government disinfected an isolation booth of a quarantine facility at the Caruncho stadium before it got dismantled on Nov. 11. -- PHILIPPINE STAR/ MICHAEL VARCASTHE LOCKDOWN level in Metro Manila could be eased further to Alert Level 1 next month, as long as its more than 13 million residents remain cautious to prevent another ...

PHILIPPINE STAR/ MICHAEL VARCAS A PROPER disposal plan should be drafted and strictly implemented, environmental experts said, as government mulls ending the use of face shields for the general public, the only country in the world to do so in response to the coronavirus pandemic. "The mass stoppage of using face shields will definitely add to our plastic problems in ...