We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.
Contributions to the state-run pension fund Social Security System (SSS) dropped 7.1 percent to P204.75 billion in 2020 as millions of its members lost their jobs amid the COVID-19 pandemic, the Department of Finance (DOF) said Friday.…
MANILA, Philippines — The COVID-19 pandemic and natural disasters such as the Taal volcanic eruption and a string of strong typhoons have inflicted the Philippines’ worst post-war recession in 2020, with the economy shrinking by a record…
It seems conventional wisdom now that the way out of the COVID-19-induced recession is to throw money—lots of it—at the problem. The term commonly used is “economic stimulus,” which in the current context means government spends unprecedented…
MANILA, Philippines — The strong peso may be a portent of bad economic news because it is being caused primarily by a steep drop in imports that were needed for the Philippines to maintain its growth trajectory, according…
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…
The British vote to leave the European Union (EU), also called as the “Brexit,” will only affect the Philippines, including Cebu, if this British action will affect the US economy. This was the general sentiment of Cebu…
We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.