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As of today, our government owes money equivalent to nearly two-thirds of all incomes generated in the economy in a year. The total debt owed by the national government as of the third quarter stood at P11.92…
I was wrong about how the economy would fare in the third quarter (Q3) this year. And like most everybody else, I’m glad I was. Most were surprised at the unexpected strong upturn in the country’s gross…
Is the 11.8 percent growth of GDP in the second quarter of 2021 an indication that the Duterte administration has managed the COVID-19 situation really well, and has achieved the correct balance between lives and livelihood?…
PNoy was not my candidate for President in the 2010 elections, but he was certainly head and shoulders above the rest of the “frontrunners”—former president Joseph Estrada and Sen. Manny Villar. The smell of corruption surrounding these…
Repayments and a stronger peso slightly tempered debt accumulation in December last year, but the record recession coupled with a jump in borrowings to fight COVID-19 jacked up the share of unpaid obligations to the Philippine economy…
Finally we end the worst year the world has experienced since the world wars, and in some ways beyond maybe. The impact on our lives has been, quite simply, horrendous. The impact on national economies disastrous. It…
The World Bank launched earlier this week its Philippine Economic Update, entitled “Building a Resilient Recovery.” One of its key findings was that the country’s GDP will likely shrink by about 8.1 percent in 2020. That implies…
What has the country lost to COVID-19? This column will not deal with the number of deaths (8,242), or the number of cases (424,297), or translate these into all sorts of indicators, like number of work days…
MANILA, Philippines — Although it imposed the longest and most stringent COVID-19 lockdown in the Asia-Pacific region, the delay in mass testing and dodgy contact tracing failed to contain the spread of the deadly coronavirus in the…
MANILA, Philippines — The Philippines’ gross domestic product (GDP) is expected to fall at its worst rate in at least 36 years, no thanks to the COVID-19 pandemic’s debilitating impact on the domestic as well as global economies.…
MANILA, Philippines — The shrink in the country’s economy could have been eased had the government allowed public transportation to operate safely during the quarantine period, said Vice President Leni Robredo. Robredo on Sunday, who insisted that…
Our country has experienced negative growth for two quarters in a row in 2020 and is now technically in recession. In the first quarter of 2020, we contracted by 0.7 percent, and for the second quarter, the…
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