Prinz Magtulis
Prinz Magtulis

 Prinz Magtulis

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Caution as PSEi soars back to 6,000-level on economic revival
by Prinz Magtulis - June 2, 2020 - 2:39pm
Investors are betting that the relaxed quarantine measures will help battered businesses recover.
Coronavirus loans push up government debt to P8.6 trillion in April
by Prinz Magtulis - June 1, 2020 - 6:35pm
In terms of growth, the government's debt pile is growing at its fastest level since 2008.
BSP cool to further loan payment extensions under Bayanihan Act
by Prinz Magtulis - June 1, 2020 - 1:21pm
"Congress should be cautious not to unduly weaken them (banks)," BSP Governor Benjamin Diokno said.
BSP's easing ambitions kept alive with May inflation likely subdued
by Prinz Magtulis - May 29, 2020 - 2:21pm
As the central bank projects inflation to only slightly accelerate in May, it also reports faster money supply growth, an indication its earlier easing actions are starting to take effect.
OFWs stuck in quarantine sites all home by Saturday — DOLE
by Prinz Magtulis - May 29, 2020 - 1:01pm
As of Thursday, 19,010 migrant workers overstaying in government quarantine sites had been "safely" sent home, the labor department said.
Fresh funds for migrant worker assistance secured but still fall short
by Prinz Magtulis - May 28, 2020 - 5:14pm
An additional P1 billion in funding was allocated to the program. Together with the original P1.5 billion budget, AKAP will be able to assist 250,000 OFWs.
FDI up in January but coronavirus dims prospects
by Prinz Magtulis - May 27, 2020 - 4:26pm
Even the government's CREATE bill that lowers corporate taxes is unlikely to bring more FDI this year.
Pandemic response widens budget deficit to new record in April
by Prinz Magtulis - May 27, 2020 - 1:52pm
High state spending due to cash aid and lower revenue collections from stuck consumers and shuttered businesses worsened the budget gap.
Government eyes new taxes in 2021 to recover stimulus costs
by Prinz Magtulis - May 26, 2020 - 9:00am
The proposals include a digital economy value-added tax, higher sugary drinks and motor vehicle user levies, and a new tax on food with high trans fat and sodium content.
Life After Lockdown: Return of mobility to aid industries' recovery, but road still rocky for struggling sectors
by Prinz Magtulis - May 26, 2020 - 8:48am
Some industries are looking forward for an easing of movement restrictions in Metro Manila and neighboring areas.
Virus shock seen to throw 500K migrant workers out of jobs
by Prinz Magtulis - May 22, 2020 - 2:34pm
Apart from displacements, the pandemic has also substantially slowed down deployment of workers abroad.
Fully paid since 2006, Philippines shuns IMF loan during pandemic
by Prinz Magtulis - May 19, 2020 - 12:21am
The central bank is not mulling asking the multilateral lender for help on potential liquidity problems that may occur during the outbreak.
Government scrambles fund search for bigger DSWD cash aid
by Prinz Magtulis - May 18, 2020 - 10:42am
The decision to include 5 million more beneficiaries on the program appeared to have been made without identifying a fund source.
No hike in prices of basic goods this month —DTI
by Prinz Magtulis - May 15, 2020 - 4:25pm
Petitions to increase prices of some basic commodities may be attended to by the government by June.
Ambo prompts higher water supply in Metro Manila
by Prinz Magtulis - May 14, 2020 - 3:53pm
From 46 cubic meters per second, private concessionaires at the National Capital Region are now getting 48 cms in water.
Pandemic-stricken hospitals seek government relief
by Prinz Magtulis - May 12, 2020 - 7:12pm
After airlines, hotels and travel agencies, hospitals are now also asking the government for some financial assistance due to the impact of the coronavirus.
Bill shock disrupts Filipino consumer recovery as lockdown eases
by Prinz Magtulis - May 12, 2020 - 12:06pm
The Duterte administration is relying on resilient Filipino consumers for an economic bounce-back. Staggering bills are getting in the way.
Last-minute scramble on DSWD cash aid program fails
by Prinz Magtulis - May 11, 2020 - 8:00pm
Out of 17.96 million families, only 16.1 million were assisted as of Monday, 12 noon, a day after the self-imposed deadline for aid distribution.
Budget deficit narrows when pandemic response should widen the gap
by Prinz Magtulis - May 11, 2020 - 5:38pm
Sluggish spending tempered the government's budget gap in March, but such a scenario during a pandemic, is not good news.
After Dennis Uy’s buyout denial, ABS-CBN says network ‘not for sale’
by Prinz Magtulis - May 11, 2020 - 9:36am
Selling ABS-CBN Corp. is not an option, the broadcast network made clear as the fight for the media giant shifts to keeping its frequencies that allow it to air free TV and radio channels.
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