Duterte seeks business recovery, retains tariff on MDM
MANILA — President Rodrigo Duterte seeks to help businesses recover despite the pandemic and signs Executive Order 123 to retain tariff on imports of mechanically deboned meat (MDM) of chicken and turkey. Said tariff...
PH expansion levels back by 2022, says economist
MANILA — Expansion levels experienced before the pandemic will be back by 2022 says economist from Standard Chartered Bank-Asia. “Government spending on infrastructure, among others, is key,” he adds.
Standard Chartered Bank for Asia economist...
Finance execs to Congress: Focus on economic recovery, not Cha-cha
MANILA — Top financial executives strongly oppose moves for charter change (Cha-cha) as a solution to the global pandemic and the economic downturn resulting from it. Lawmakers from both Houses of Congress are again...
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...
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Ships reduced to 32 around Julian Felipe Reef—Lorenzana
MANILA — With 32 remaining Chinese vessels near the Julian Felipe Reef, Defense Secretary Delfin Lorenzana says the Philippines will continue its demand for...
Mas kontrolado na ang mobile data sa tulong ng Globe Data Manager
NAIS ng maraming customer na magkaroon ng kakayahan na malaman kung saan napupunta ang kanilang mobile data at ma-kontrol kung paano ito gamitin. Kaya...
Brazil’s top court orders probe on Bolsonaro
RIO DE JANEIRO - The Supreme Court in Brazil calls on the senate to start a probe on the coronavirus pandemic response of President...