July unemployment rate seen worsening to 22.9%

Ben O. de Vera 08/31/2020

The unemployment rate in July likely exceeded a fifth of the labor force as more firms shed jobs during the prolonged COVID-19 lockdown, Dutch banking giant ING said. It projected the Philippines’ jobless rate hitting a new…

ECQ impact on economy ‘more severe than expected’

Ben O. de Vera - Philippine Daily Inquirer 07/11/2020

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.…

Minglanilla logs 2nd COVID-19 case, locks down 3 puroks

Rosalie O. Abatayo 04/30/2020

CEBU CITY, Philippines — Minglanilla town Mayor Elanito Peña has ordered a community lockdown in three puroks or sitios in Barangay Tunghaan as the town logs its second coronavirus disease case this Thursday, April 30, 2020. The…

Duterte may ask Congress for more funds for COVID-19 response

Darryl John Esguerra - INQUIRER.net 04/24/2020

MANILA, Philippines — Malacañang said Friday that President Rodrigo Duterte may ask Congress to grant him additional budget in light of the continuing response of the government against coronavirus disease (COVID-19). According to Duterte’s economic team, the government…

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