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A surge in applicants overwhelmed the dedicated portal during the first day of online registration for the national ID. “We apologize for any inconvenience caused by the downtime of the pilot launch of the PhilSys (Philippine Identification…
Contributions to the state-run pension fund Social Security System (SSS) dropped 7.1 percent to P204.75 billion in 2020 as millions of its members lost their jobs amid the COVID-19 pandemic, the Department of Finance (DOF) said Friday.…
MANILA, Philippines — Some 4.5 million Filipinos were jobless last year for an average unemployment rate of 10.3 percent, the highest in 15 years, the Philippine Statistics Authority (PSA) said on Monday. In 2020, the Philippines imposed…
The Philippines borrowed a record P2.74 trillion in 2020 to fight the health and socioeconomic crises inflicted by the COVID-19 pandemic. The latest Bureau of the Treasury data showed that gross domestic borrowings cornered the bulk or…
While allowing more pork imports in a bid to arrest elevated domestic prices caused by a supply lack, Finance Secretary Carlos Dominguez III has ordered the Bureau of Customs (BOC) to be on the lookout for smugglers…
MANILA, Philippines — When she was just 32 and a rising star in the business process outsourcing company where she works, “Rona” was offered a higher-paying position that would relocate her to its US headquarters. While she…
China on Saturday provided a 500-million renminbi (P3.72-billion) grant to the Philippines to bankroll various livelihood and infrastructure projects, which might also be used to finance the Duterte administration’s COVID-19 response, and promised to donate 500,000 doses…
MANILA, Philippines — The Philippines is seeking a fresh loan of $300 million from the World Bank to purchase vaccines for COVID-19, according to documents from the multilateral lender seen by the Inquirer on Saturday. In response…
MANILA, Philippines—Despite the COVID-19 pandemic that shed millions of jobs and shuttered thousands of businesses, the state-run pension fund Social Security System (SSS) on Monday (Dec. 7) said the scheduled increase in contribution rate to 13 percent…
The Philippines is bracing for higher food prices amid an expected prolonged wet season and the state planning agency National Economic and Development Authority (Neda) has sought additional support for the agriculture sector. “While inflation has been…
The Bureau of Customs (BOC) collected P50.9 billion in import duties and other taxes in October, exceeding its downscaled revenue goal for the fifth straight month. While the BOC’s actual collection was 5.2-percent higher than the…
MANILA, Philippines — Amid the prolonged COVID-19 pandemic, the Social Security System (SSS) has again given employers and the self-employed some more time or until Dec. 1 to remit their mandatory employee contributions to the state-run pension…
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