Ian Nicolas Cigaral
Ian Nicolas Cigaral
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Lacson hopes next Duterte 'Bayanihan' report includes action plans
by Ian Nicolas Cigaral - April 1, 2020 - 9:05pm
President Rodrigo Duterte appears unprepared to execute the special powers that he sought to fight the coronavirus pandemic, a senator said Wednesday, adding that the lack of planning on the part of the executive...
Banks ready to extend loan payment grace period if lockdown gets lengthened
by Ian Nicolas Cigaral - April 1, 2020 - 6:27pm
Lenders are open to offering further reprieve to their customers.
World Bank follows the rest, paints bleaker growth outlook due to COVID-19
by Ian Nicolas Cigaral - March 31, 2020 - 12:17pm
Two scenarios are considered, one of which is a downturn followed by a "sluggish" recovery that can contract the Philippine economy this year.
COVID-19, Luzon lockdown seen to pull GDP growth down to lowest level since 2009
by Ian Nicolas Cigaral - March 30, 2020 - 7:38pm
The Philippine economy could decelerate to its slowest clip since the 2009 global financial crisis as the new coronavirus pandemic and drastic containment measures meant to stem contagion rate threaten to disrupt...
Halfway through quarantine, banks say cash adequate, interest rates 'reasonable'
by Ian Nicolas Cigaral - March 30, 2020 - 5:28pm
Big and small local banks are pulling out all the stops to keep the country’s financial sector running half-way through the month-long Luzon lockdown by ensuring there’s enough cash for lending activities...
PCC gives go-ahead to Lotte Chilsung’s acquisition of Pepsi Philippines
by Ian Nicolas Cigaral - March 30, 2020 - 3:15pm
In a decision dated March 26, the Philippine Competition Commission said the deal "will not likely result in substantial lessening of competition."
Cargoes, some holding food, stuck in Manila port amid lockdown —ICTSI
by Ian Nicolas Cigaral - March 27, 2020 - 5:53pm
The Manila's congested ports just got more clogged due to the Luzon community quarantine.
Outbreak-rattled consumers likely to slow GDP growth to 4% —Fitch
by Ian Nicolas Cigaral - March 26, 2020 - 4:26pm
As millions face unemployment and businesses in severe pain, the coronavirus pandemic is hurting the Philippine economy where it hurts: consumer spending.
Philippines hopes to sustain high patent filing growth but outlook murky due to coronavirus
by Ian Nicolas Cigaral - March 25, 2020 - 9:58pm
The Philippines’ patent office said Wednesday it will wait and see how the coronavirus outbreak will affect the filings for intellectual property protection in the country, as reports from their counterparts...
Netflix to cut data traffic in Philippines so internet doesn’t break amid Luzon lockdown
by Ian Nicolas Cigaral - March 25, 2020 - 5:10pm
As demand soars from people staying at home due to coronavirus fears, Philippine telco regulators on Wednesday said entertainment platform Netflix agreed to manage its network traffic to ease pressure on the in...
Economy may contract this year due to COVID-19, quarantine impact
by Ian Nicolas Cigaral - March 24, 2020 - 7:26pm
Economists say policymakers can still save the Philippine economy from a steep decline, but at the cost of the government’s fiscal stability.
Bank profits under threat from COVID-19, lower interest —Fitch
by Ian Nicolas Cigaral - March 24, 2020 - 2:52pm
Fitch is painting a bleak outlook for the country's banks this year.
Duque: ‘VIPs’ directly requested to get tested for COVID-19
by Ian Nicolas Cigaral - March 24, 2020 - 9:21am
Some politicians directly asked the country’s lone diagnostic lab for the new coronavirus to run tests to determine if they contracted the dreaded disease, Health Secretary Francisco Duque III said Tuesda...
Biz groups want limits to Duterte's 'special powers' to address COVID-19 outbreak
by Ian Nicolas Cigaral - March 23, 2020 - 7:56pm
Business groups on Monday threw their support behind moves to grant President Rodrigo Duterte special powers to fight the coronavirus pandemic and soften the economic blow of the health crisis, but stressed that...
Coronavirus worries spill over to forex market as peso sinks to 5-month low
by Ian Nicolas Cigaral - March 23, 2020 - 6:37pm
The local currency hit its lowest level since Oct. 17, 2019.
BSP unleashes own QE to fight COVID-19
by Ian Nicolas Cigaral - March 23, 2020 - 3:53pm
Joining other central banks from Europe to Asia, the Bangko Sentral ng Pilipinas said it is buying government bonds to boost liquidity in the system.
All cargoes now allowed to pass through checkpoints to ensure adequate food supply amid lockdown
by Ian Nicolas Cigaral - March 21, 2020 - 7:07pm
All types of cargoes can now pass through checkpoints with ease after the government exempted them from the Luzon-wide lockdown to ensure adequate supply of food and other essential items in supermarkets and ho...
Just days into a month-long lockdown, meat supply just good for '15 days or less'
by Ian Nicolas Cigaral - March 20, 2020 - 9:25pm
Meat processors are now under intense pressure to keep production running and replenish tightening supplies as border closures meant to contain the new coronavirus hamper the delivery of raw materials and stoke panic...
Gov't eyes fiscal bazooka as biz groups call for 'massive' COVID-19 response
by Ian Nicolas Cigaral - March 20, 2020 - 7:29pm
President Rodrigo Duterte's economic team are discussing a larger economic package to counter the coronavirus' repercussions.
BSP delivers fresh monetary stimulus vs COVID-19 impact
by Ian Nicolas Cigaral - March 19, 2020 - 2:27pm
The central bank cut its policy rate as expected on Thursday.
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