This is an information message
We use cookies to enhance your experience. By continuing, you agree to our use of cookies. Learn more here.
CEBU CITY, Philippines — Infrastructure build-up and maximizing the potentials of the agriculture sector in Central Visayas may be the region’s passport to economic recovery from the effects of the COVID-19 pandemic. National Economic and Development Authority…
The Philippines’ war chest against the COVID-19 crisis inched up to $21.05 billion (about P1.04 trillion) as of mid-July, although still lower than most of its Southeast Asian neighbors when divided among the relatively bigger population. The…
The Philippines is bracing for a worse-than-expected drop in gross domestic product (GDP) in the second quarter as the country’s chief economist on Friday said the COVID-19 lockdown inflicted more pain to the economy than earlier projected.…
As the Philippine economy reels from one of the harshest lockdown protocols in the region, stock brokerage house Maybank ATR Kim Eng Philippines sees selective picking among consumer staple stocks as the best way for investors to…
The Department of Budget and Management (DBM) last month made additional cuts in this year’s budgets for infrastructure and national defense as it reallocated more funds for the government’s new coronavirus (COVID-19) response. DBM documents showed that…
CEBU CITY, Philippines — The Mandaue City government is now requiring establishments that will be allowed to reopen to submit a Workplace Health Contingency Plan to address risks posed by the coronavirus disease (COVID-19) pandemic. The contingency…
This year’s expected weak revenue take has forced the government to borrow more and in the process jack up the debt stock to a record-high P9.59 trillion by year’s end. The Cabinet-level Development Budget Coordination Committee’s (DBCC)…
LOS ANGELES — More than 1,200 Filipino seafarers have so far been assisted by the Philippine Consulate General Los Angeles (PCG LA) and Philippine Overseas Labor Office – Los Angeles and sent off at Tom Bradley International Airport for their…
Eight out of every 100 Filipino workers may end up jobless this second quarter, resulting in the country’s highest jobless rate in 13 years, as the enhanced community quarantine (ECQ) was swallowed as the bitter pill to…
CEBU CITY—The Asian Development Bank (ADB) foresees a slower economic growth for the Philippines this year but projects a strong rebound in 2021. The ADB made this pronouncement in a new ADB report released today…
UNITED States — The World Bank on Thursday approved the first steps in a plan to roll out $160 billion in emergency aid over 15 months to help countries deal with the impact of the global coronavirus…
President Rodrigo Duterte’s chief economic manager said mass testing for COVID-19 is “a must” if the Philippines wanted the pain inflicted by the disease on both the health care system and the economy to go away. Finance…
This is an information message
We use cookies to enhance your experience. By continuing, you agree to our use of cookies. Learn more here.