• Business firms urged to acquire safety seal

Business establishments are urged to apply for a safety certification to confirm their compliance with the government’s minimum public health standards.

• Economist sees PH gov’t debt to remain sustainable

Higher financing requirements brought about by the pandemic increased the national government’s liabilities but an economist believes that as long as credit level is kept within the international threshold then debt remains sustainable.

• PH working with ADB, WB on measures vs. climate change

The Philippine government is now working with the Asian Development Bank (ADB) on a goal to acquire all coal-fired power plants in Mindanao, a Department of Finance (DOF) official said.

• Strong macro-fiscal foundation key to dealing with pandemic: NEDA

A strong macro-fiscal foundation is vital for economies to weather shocks, such as the coronavirus disease 2019 (Covid-19) pandemic, the National Economic and Development Authority (NEDA) said.

• Zimbabwe prices spiral after businesses told to stop pricing in dollars

Prices of goods in Zimbabwe are spiraling again, threatening to halt a decline in consumer inflation, after authorities last week forced businesses to stop quoting prices in US dollars in a bid to encourage more use of the faltering local currency.

• Cuba approves long-sought legal status for private businesses

Cuba has approved a reform that includes long-sought legal status for private businesses that began operating decades ago under the title of “self-employed,” state-run media reported on Wednesday, June 2.

• G7 nations strike deal to tax big companies and squeeze havens

The United States, Britain, and other leading nations reached a landmark deal on Saturday to pursue higher global taxation on multinational businesses such as Google, Apple, and Amazon.

• Ethiopia’s economic reform drive splutters for foreign investors

When Ethiopia awarded its first private telecom license last week, Prime Minister Abiy Ahmed hailed it as the crowning achievement of his plan to open up Ethiopia’s tightly controlled economy of over 109 million people.

• Thailand targets reopening within 120 days as economy flounders

Thailand will reopen to visitors within 120 days after more than a year of coronavirus travel curbs, a calculated risk needed to revive its troubled economy, Prime Minister Prayuth Chan-ocha said on Wednesday, June 16.

• Uneven global recovery creates ‘daunting challenges’ for policymakers

An uneven global recovery from the COVID-19 crisis will make recalibrating the fiscal and monetary stimulus a “daunting” challenge for policymakers, the Bank for International Settlements (BIS) annual report said on Tuesday, June 29.