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The sharp contraction of the economy in the second quarter of the year—the largest decline in the country’s history—is different from previous crises because the country is on better footing now, the head of the central bank…
A series of very distressing news came out last week that showed the severity of the health and economic crisis that we face in this pandemic. One of the most successful Philippine companies, Jollibee Foods Corp., reported…
CEBU CITY, Philippines — As Cebu celebrated its 451st founding anniversary on Thursday, August 6, 2020, Governor Gwendolyn Garcia reiterated the direction of her administration to “resuscitate” the province’s economy from the blows it suffered due to…
Someone asked me the other day what I see to be the “bright spots” that could carry our economy through the difficult way out of the pandemic-induced recession. Where can we look to for hope of…
CEBU CITY, Philippines — Cebu City Mayor Edgardo Labella hopes that President Rodrigo Duterte will address the economic impact of the pandemic in the State of the Nation Address on July 27, 2020. Labella said he would…
CEBU CITY, Philippines — The deployment of digital tools is among the factors that the Department of Tourism sees as crucial as the tourism industry starts to open its gate, first, for local travelers. DOT Secretary Bernadette…
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.…
MANILA, Philippines — While saddened by the spike of new coronavirus cases recorded, Malacañang said the government has no alternative but to reopen the economy. The Philippines recorded 2,434 new COVID-19 cases on Sunday, raising the total number of…
CEBU CITY, Philippines— Stricter implementation of the health protocols is the key for Lapu-Lapu City to balance the slow rise in the economy and maintaining the safety of the Oponganons. Lawyer James Allan Sayson, City Legal Officer…
Several senators are questioning the move by the Bureau of Internal Revenue (BIR) to press owners of online shops to register their businesses during an economic crisis, saying this would burden and not help small entrepreneurs who…
The House of Representatives passed twin stimulus bills worth P2.8 trillion, both aimed at jump-starting the economy and offsetting job losses due to the coronavirus pandemic, in the last two days of session before Congress went on…
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…
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