‘Worse than expected’: GDP drop lowest in 4 decades
Café owner Hans Cerdania did not need official economic figures to tell him the worst had come when he and his business partner closed shop, long before the government announced…
BSP surprise: 50 bps cut to bring key interest rate to lowest level in history
The central bank on Thursday (June 25) cut its key interest rates to their lowest levels in history in a bid to buttress the Philippine economy that has been battered…
Iran’s currency hits lowest value ever against the dollar
In this Thursday, Oct. 30, 2008 file photo, an Iranian money changer holds currency with Ayatollah Ruhollah Khomeini’s image in Tehran, Iran. Iran’s currency on Saturday, June 20, 2020, has…
COVID-19 impact: PH trade plunges to its lowest level
The Philippines’ total foreign trade fell at its fastest pace in April amid a global recession worsened by the first full month of one of the most stringent COVID-19 lockdowns…
PH war chest vs COVID-19 up to $16.7B, but 4th lowest per person in Southeast Asia
The Philippines’ war chest against COVID-19 inched up to $16.7 billion in May, but still lagged behind most of its Southeast Asian neighbors if spending was divided across the population,…
2.2 percent April inflation lowest in 5 months but food prices up
Inflation eased to a five-month low of 2.2 percent in April as transport costs plunged during a lockdown that restricted mobility and global oil prices took a dive because of…