Friday, October 2, 2020

PH economy to recover slower compared to its regional peers — World Bank

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The World Bank (WB) predicted that the economic recovery of the Philippines will be much slower than most of its regional peers as the COVID-19 situation remains uncontrolled. The multilateral lender estimated that the country...

40% adult Filipinos believe economy to worsen in next 12 months — SWS

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Two out of five or 40% of adult Filipinos believe that the country's economy will get worse in the next 12 months. The bleak economic outlook persists amid recession and unemployment caused by the...

Fitch Ratings forecasts worst growth outlook for PH in 2020

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As the country remains under partial lockdown to curb the spread of COVID-19, a global credit rating firm on Tuesday downgraded its growth outlook for the Philippines this year, joining other observers in bracing...

PH’s better GII rank due to ‘solid economic fundamentals’ under Duterte admin — Andanar

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With the recent rise of the Philippines to the 50th spot on the Global Innovation Index (GII), Presidential Communications Operations Office (PCOO) Secretary Martin Andanar attributed the said development to the success of the...

Roque tells displaced workers to seek gov’t loans, start businesses

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Presidential Spokesperson Harry Roque encouraged workers displaced by the COVID-19 pandemic to seek government loans and put up small businesses. “Ineenganyo natin ang lahat ng nawalan ng trabaho na umutang ng kapital para magsimula ng...

1st REIT listing in PH proves domestic market’s resilience amid pandemic

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Department of Finance (DOF) Secretary Carlos Dominguez welcomed the listing of the Philippines’ first Real Estate Investment Trust (REIT) by Ayala Land-affiliated AREIT, Inc., emphasizing that this is a proof of the resilience of...

PH economy in the ‘middle of the pack’ when compared to other countries

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As the COVID-19 pandemic continues to drive many economies into recession, the Department of Finance (DOF) Secretary Carlos Dominguez III pointed out that the Philippines is in the "middle of the pack" when compared...

PH may have already saw worst as it moves to new normal, economists say

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Economists expect that the passage of the ₱140-billion Bayanihan to Recover as One Act would help boost economic activity and provide help to the worst-hit sectors, which in turn should usher in a rebound...

ABS-CBN shutdown affects everyone, data analyst says

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The denial of a congressional franchise to ABS-CBN has adverse effects on the economy, employment, surrounding businesses, advertising-reliant businesses, and competition, said Edson Guido, an ABS-CBN data analyst. According to Guido, the closure of the...

Prioritize unemployed Filipinos over foreign workers in gov’t projects — Gatchalian

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Senate Economic Affairs Committee Vice Chairman and Senator Sherwin Gatchalian urged the Duterte administration to take into account first the welfare of unemployed Filipino workers before offering jobs to foreigners. Gatchalian made the call amid...

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DepEd’s distance learning program hinders poor, disadvantaged learners from marginalized sectors

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In an online press conference on the upcoming opening of classes conducted by E-Net Philippines, students from poor, disadvantaged, and marginalized sectors shared their...

Duterte puts Velasco under the bus; says he could do nothing if Velasco...

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Presidential Spokesperson Harry Roque said that President Rodrigo Duterte will no longer intervene in favor of Marinduque Rep. Lord Allan Velasco after the House...

House members’ vote according to Duterte’s wishes — solon

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When asked if the House speakership takeover of his PDP-Laban party mate Marinduque Rep. Lord Allan Velasco is now final, Oriental Mindoro 1st District...