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P34.5B removed from agencies, diverted to COVID-19 response, say DBM data

by ev3v4hn | Aug 17, 2020 | Business News

Budget cuts inflicted upon agencies further ballooned to a net of P34.5 billion in July as more money was diverted to COVID-19 response, Department of Budget and Management (DBM) data released on Monday (Aug. 17) showed. Assistant Budget Secretary Rolando U. Toledo told the Inquirer that since the Bayanihan to Heal as One Act lapsed […]

Filipinos eke out a living online as COVID-19 pandemic decimates jobs and incomes

by ev3v4hn | Aug 16, 2020 | Business News

A food deliveryman in a village in Quezon City, Metro Manila, Philippines, on Aug 7, 2020. EPA-EFE via The Straits Times/Asia News Network MANILA, Philippines — By 1 pm, dietitian Violah Koh, 39, has already received her fifth package of the day: two plants, pots and...

Over 20 tourist souvenir shops in Singapore shut, more to follow amid COVID-19 travel restrictions

by ev3v4hn | Aug 16, 2020 | Business News

Ms Cindy Zhao (in blue) moving her goods, with the help of a relative, from one shop to another in Chinatown’s Pagoda Street on Friday. The Straits Times/Asia News Network/LIM YAOHUI SINGAPORE — More than 20 tourist souvenir shops in Singapore, several of which have...

Backpacker hostels in Singapore struggle to keep afloat amid COVID-19

by ev3v4hn | Aug 16, 2020 | Business News

Mr Adler Poh says hostel operators do not have deep pockets to sustain the business until tourism picks up again. The Straits Times/Asia News Network/SHINTARO TAY, MARK CHEONG SINGAPORE — Staycations are keeping the cash registers ringing at local hotels amid the...

Lucio Tan advances to PAL hits P17.7B amid mounting losses due to COVID-19

by ev3v4hn | Aug 14, 2020 | Business News

MANILA, Philippines — Taipan Lucio Tan continued to pump billions of pesos into Philippine Airlines (PAL), helping keep the flag carrier afloat as losses in the first semester of the year topped P20 billion due to the COVID-19 pandemic. This came alongside other...
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