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Capital Economics: PH economy to contract in Q2-Q3

Ben O. de Vera 03/23/2020

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…

Impact of COVID-19 on Philippine tourism, economy

Fernando Fajardo 03/11/2020

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,…

DOLE-7 tells employers to consult with workers prior to adoption of new work schedules

Irene R. Sino Cruz 03/09/2020

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…

PH among economies most vulnerable to virus

Ben O. de Vera - Philippine Daily Inquirer 02/10/2020

  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…

Impact of 2019 coronavirus outbreak on tourism and the economy (Part 1)

Fernando Fajardo 02/05/2020

  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…

Pernia sees at least 6.6% Q4 GDP growth

Ben O. de Vera - Philippine Daily Inquirer 01/03/2020

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…

PH economy expected to continue growing

Irene R. Sino Cruz 09/19/2019

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…

Minimal impact seen from US-China trade row

07/02/2019

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…

Russia, China to show united front at economic forum

06/07/2019

MOSCOW — Chinese President Xi Jinping appeared Friday as guest of honor at Russia’s showcase economic forum, as the two neighbors present a united front in the face of shared troubles with the United States. Xi arrived…

Neda-7: CV economy to continue growing this year

Irene R. Sino Cruz 03/23/2019

CEBU CITY, Philippines–The region’s economy will continue to post growth this year, according to Efren Carreon, Central Visayas director of the National Economic Development Authority (Neda). Carreon cited the sectors of tourism and business process outsourcing (BPOs)…

Close trade ties with China to benefit RP’s economy, says GMA

Irene R. Sino Cruz 03/01/2019

MANDAUE CITY—A close relationship between the Philippines and China would benefit the country’s economy, Speaker Gloria Macapagal Arroyo said. Arroyo was in Cebu Friday for several events including the blessing and inauguration of the All Prime International…

BPI forecasts improved economy this year 

Irene R. Sino Cruz 02/20/2019

  CEBU CITY—The Philippine economy is expected to improve this year, according to Emilio “Jun” Neri, lead economist of the Bank of the Philippine Islands (BPI). “With the inflation rate in a downtrend, the economy has the…

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