Hottest commodity in Lebanon’s economic chaos: The US dollar
In this April 28, 2020 file photo, a cell phone shop owner wears gloves as he counts U.S. dollars, in Beirut, Lebanon. A financial meltdown has thrown its people into…
PH slipped into economic recession in first half of 2020
MANILA, Philippines — The Philippines has slipped into a recession, as economic contraction likely deepened during the second quarter with the COVID-19 lockdown — at its peak in April and…
LT Group cautious amid looming economic recession
LUCIO Tan Tycoon Lucio Tan-led conglomerate LT Group Inc. (LTG) is bracing for a tougher period for its tobacco, liquor, property and banking businesses for the remainder of 2020, during…
GDP to contract by up to 3.5 to 4 percent in 2020: economic team
MANILA, Philippines — Amid the coronavirus pandemic, the Philippine economy is seen contracting by up to 3.5 to 4 percent this year — the fastest pace in 35 years, even…
Despite economic pinch, PH set to finish 36 port projects
The Department of Transportation (DOTr) is on track to complete 36 port projects this year amid a health crisis that has triggered a contraction in the broader economy. Through the…
BSP-led council broadens role from financial stability to economic growth
MANILA, Philippines — A central bank-led government group in charge of insulating the local financial system from internal and external market shocks yesterday said its member agencies have adopted a…
Duterte economic team looking for universal health care fund sources
The Duterte administration’s economic team is looking for money to implement the universal health care (UHC) program, which key team leaders believed cannot be deferred as the state-run Philippine Health…
Agriculture budget and economic growth
For substantial sustainable economic growth, we must significantly increase the Department of Agriculture’s (DA) budget. We now have a possible additional P56 billion because of the Stimulus Fund triggered by…
Aboitiz group moves to help stimulate economic activity
The Aboitiz group has vowed to sustain the economic “lifeline” extended to customers and partners in its eco-system even if the government started easing lockdown protocols in Metro Manila and…
India’s economic revival may take 6-9 months, say business leaders
NEW DELHI — India will emerge stronger from multiple crises of economy, pandemic and super cyclone in the next 6-9 months, say industry leaders, based on the resilience shown by…