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MANILA, Philippines–The Philippine economy contracted by a record 16.5 percent during the second quarter — at the height of the longest and most stringent COVID-19 lockdown in the region that had put a halt to 75 percent…
About eight million Filipinos would go jobless as the pandemic rages and while the Philippine economy reels from the most stringent lockdown in the region, slow disease containment and an influx of returning migrant workers, according to…
MANILA, Philippines — Malacañang is now open to getting loans and grants from countries that had backed Iceland’s resolution in the Human Rights Council seeking an investigation into the rights situation in the Philippines. A Feb. 27…
President Rodrigo Duterte now has logged three and one half years in his office, plus another month and 19 days to be exact. What has happened to the economy during his watch, that is, from July 1,…
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…
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…
President Rodrigo Duterte’s 10-point socioeconomic agenda will help the Philippines rebound from its performance in the latest Global Competitiveness Report 2016-2017 released by the World Economic Forum (WEF), business leaders in Cebu said. Melanie Ng, Cebu Chamber…
(FIRST OF TWO PARTS) DESPITE the headwinds brought about by uncertainty and volatility of the global economy, the country would remain in a position of strength due to solid bases for resilience and confidence in economic prospects.…
On the economy, the President said in his first State of the Nation Address (Sona) to hand over an economy that is much stronger, characterized by solid growth, low and stable inflation . . . and robust…
APEC meetings, IT-BPM sector seen to further drive growth this year The Central Visayas economy continued to outpace the Philippines last year as it expanded 8.8 percent, government statisticians reported. The Philippine economy slowed down last year,…
The country is in a sweet spot because the economy is growing rapidly and inflation rate is well within target levels. This was the assessment of Diwa Guinigundo, deputy governor of Bangko Sentral ng Pilipinas, on the…
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