Thursday, January 28, 2021

PH debt rose to P10 trillion in October

Bureau of Treasury data shows that the national government's total outstanding debt for the first time in October breached the P10-trillion mark due to the renewed repurchase agreement which borrowed an even larger amount...

Mining not ‘magic remedy’ to economic woes caused by COVID-19 — solon

Agusan del Norte Rep. Lawrence Fortun said that the local mining industry is not the "magic remedy" to the Philippines' economic woes caused by the COVID-19 pandemic, citing the adverse environmental effects of ramped...

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

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

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

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

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

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

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

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

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...

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Globe connects | Photos of people on their phone, a cell tower and desktop devices

Pinalakas at pinabilis na Globe Home Prepaid WiFi, inilabas na 

Mas pinalakas, mas pinabilis na Globe At Home Prepaid WiFi ang kailangan ngayon sa new normal, lalo na’t maraming binago ang pandemya sa pamumuhay...
Sangley Point Airport scrapped | An artist's rendition of the proposed Sangley International Airport

Gov. Remulla: They’re not fully committed 

“They’re not fully committed,” said Cavite Governor Juanito Victor Remulla after finding out that the consortium’s documentation was “deficient in three or four items”. Worth...
Duterte takes preventative move | Coronavirus, illustrated

Duterte takes preventative move, recalls earlier IATF order

MANILA — Three days after Malacañan announced further easing of age-based stay-at-home restrictions, President Rodrigo Duterte withdrew the government resolution, now allowing persons 15...