Adult joblessness surged to record-high 45.5% in July — SWS poll

MANILA, Aug 17 (Mabuhay) — Adult joblessness in the Philippines rose to a record-high of 45.5% in July with half of the unemployed saying they lost their jobs during the coronavirus pandemic, a recent poll of the Social Weather Stations (SWS) revealed. According to the...

1 in 4 MSMEs closed due to COVID-19 pandemic– trade chief

MANILA, Aug 8 (Mabuhay) — The COVID-19 pandemic has shuttered about a quarter of the country’s micro, small, and medium enterprises (MSMEs), the trade department said Friday, as authorities lined up measures to lift the economy from recession. About 26 percent of 1.5...