A US recession began in February in the face of coronavirus
A woman walks into a closing Gordmans store on Thursday in St. Charles, Missouri. Stage Stores, which owns Gordmans, is closing all its stores and has filed for bankruptcy. (AP)…
Infra spending down in February
Philippine infrastructure stock photo. INQUIRER.NET MANILA, Philippines — The amount spent by the government to build infrastructure declined in February, a month before the enhanced community quarantine (ECQ) was imposed…
Monetary easing policies see results as bank loans continue growth in February
Banks lent more money last February, a result of monetary authorities’ series of policy moves to lower the cost of borrowing and help the economy grow faster, according to Bangko…
BOP swings to $839-M surplus in February
The Philippine balance of payments (BOP) was back in the black in February as the amount it earned from its transactions with the rest of the world outpaced the amount…
PH back in black in dollar inflow in February
The Philippine economy returned to black in terms of the amount of dollars it spent in the second month of 2020 outpacing the amount it earned in transactions with the…
PH imports slide down in February as COVID-19 creeps into China trade
Imports slid by over a tenth in February as shipments from China—the Philippines’ top source of foreign-made goods—contracted at the onset of the COVID-19 pandemic. Initial figures released by the…
Budget deficit narrowed to P37.6 billion in February
The national government’s budget deficit narrowed to P37.6 billion in February as spending contracted year-on-year due to the seasonality of disbursement of local governments’ internal revenue allotment (IRA). February’s deficit…
PH debt breaches P8-trillion mark in February
The national government debt breached the P8-trillion mark for the first time last February, driven by record-high amounts of retail treasury bonds (RTB) issued and redemption of euro bonds in…