The global economy is on track to shrink by 5.2 percent this year amid the Covid-19 pandemic, the deepest recession since World War II, the World Bank Group said on Monday, June 8.
Ride-hailing app Grab has launched GrabPay Card in the Philippines, a digital-first prepaid card powered by Mastercard that brings the convenience of cashless payments to more Filipinos.
A construction of a single cell tower may take from six to 22 weeks depending on its design and location. For residents without a job, six to 22 weeks of steady source of livelihood makes a big difference in their desire to put food on the table for their loved ones, Globe said.
At least 15% of the Globe’s over 8,000 employees have been working in the frontline as critical skeleton force since the beginning of lockdown and an additional 5% are returning to their posts as the company starts reopening its stores and fielding more field personnel.
Through the new PayMaya Negosyo app available for Android devices, MSMEs can accept QR and other forms of digital payments using their smartphones and even if they don’t have an e-commerce website.
Cumulative investments recorded by the Board of Investments (BOI) reached P84.1 billion in the first four months of 2020, reflecting a 71-percent slowdown from last year’s P286.7 billion in the same period.
The Securities and Exchange Commission (SEC) has ordered CROWD1 Asia Pacific to immediately stop soliciting and accepting investments from the public under a scheme disguised as a digital marketing business.
Globe Telecom has been given the go-signal by the government to install cell sites in LRT2 stations while Metro Manila is under the Modified Enhanced Community Quarantine (MECQ) due to the Covid-19 pandemic.
