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CEBU CITY, Philippines — Despite maintaining border entry restrictions with Cebu City, workers who are certified as healthy or not carrying the coronavirus disease 2019 (COVID-19) may already be allowed to resume work in Cebu City and…
Mayors of the local governments making up the National Capital Region (NCR) are likely to recommend in their meeting today another 15-day extension of the lockdown being imposed on the metropolis since March 16, to allow their…
The Philippine economy contracted for the first time in more than two decades during the first quarter, but economists warned on Thursday that the worst was likely yet to come as the country reeled from the coronavirus…
CAGAYAN DE ORO- The local economy in Northern Mindanao has taken a nosedive just two weeks after transportation between its cities, towns and manufacturing firms came to a screeching halt amid strict quarantine measures. Mindanao has been…
MANILA, Philippines – London-based Capital Economics expects the Philippines’ economy to contract during the third and fourth quarters amid the coronavirus disease 2019 (COVID-19) pandemic. Capital Economics Asia economist Alex Holmes told the Inquirer last Friday that…
One of the most visible impacts of COVID-19 is seen in the tourism industry. What will be the extent of losses caused by COVID-19 to the Philippine tourism industry and to the national economy? As a background,…
CEBU CITY—With businesses in Central Visayas affected by the coronavirus 2019 (COVID-19) outbreak, the Department of Labor and Employment (DOLE) said that they can opt to implement changes in their work schedules but after proper consultation with…
MANILA, Philippines — The country’s economic managers are preparing a raft of measures to counteract the economic impact of the novel coronavirus (nCoV) outbreak after the Philippines was identified as being among the three most vulnerable…
Up to last year or before the advent of the coronavirus, travel and tourism was seen as one of the most important and fastest growing economic activity in the world. It may not be anymore this…
The country’s chief economist on Thursday said the economy likely grew at a faster pace in the fourth quarter of last year and that the downscaled growth target of 6-6.5 percent for 2019 was achieved. Socioeconomic Planning…
CEBU CITY—The outlook for the Philippine economy remains optimistic, said Joselito Bautista, acting Deputy director of the Department of Economic Research of the Bangko Sentral ng Pilipinas (BSP). “The Philippines economy is expected to remain one of…
The Department of Finance said that the US-China trade war had not made it “easy” for the Philippines, but expressed confidence that the country could withstand the impact. said during the question-and-answer portion of the Pre-State of…
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