Stimulus bill calls for P20B to test 20M Filipinos

The economic stimulus bill filed in Congress includes an allocation of P20 billion for mass testing for COVID-19 in metropolitan areas, but the passage of the bill has been slow despite the urgent need for the measure. Under the Philippine Economic Stimulus Act or Pesa, P10 billion will be allotted for mass testing this year, […]

UBX, Lazada team up on SME lending program

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 coronavirus (COVID-19) pandemic. UBX, through its lending marketplace,...

Economic team slashes 2020 infra budget

MANILA, Philippines — 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 the COVID-19 crisis. The latest projections of the Cabinet-level...