machines, weight, weights

Gyms, fitness centers now allowed to run at 40% capacity

Gyms and fitness centers in Metro Manila, Bulacan and Rizal can now accommodate up to nearly half of their operating capacities as the government further eased business restrictions despite COVID-19 cases still increasing. The Department of Trade and Industry (DTI) released Thursday an advisory raising gyms’ and fitness centers’ permitted capacity to 40 percent, or…

doughnuts, desserts, pastries

BPI, DTI offer collateral-free loans to virus-hit SMEs

Ayala-led Bank of the Philippine Islands (BPI) has teamed up with the Department of Trade Industry (DTI) to offer collateral-free term loans to small and medium enterprises (SMEs) in need of lifeline during this prolonged COVID-19 pandemic. In a press statement, BPI business banking head Eric Luchangco said the collateral-free loan facility for SMEs signified…

PH recovery starts in Q2, says gov’t economic team

President Duterte’s economic team on Tuesday expressed confidence that the economy will rebound starting the second quarter with mass vaccination in full swing and government spending, especially on infrastructure, remaining strong. During the Economic Journalists’ Association of the Philippines’ (Ejap) midyear forum, Finance Secretary Carlos Dominguez III said “we might appear to be behind our…

hands, smartphone, barcodes

QR code payments gaining traction among Filipinos, says BSP

Filipinos are becoming increasingly comfortable with using so-called QR or “quick reaction” codes when paying for purchases or making money transfers from one person to another—a sign that the “cash heavy” local economy is well on its way to “cash light” one. In particular, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno pointed to the…