Pandemic a ‘perfect storm’ for South Asia, World Bank says
People walk next to a graffiti drawn to bring awareness on social distancing at a temporary market set up at a bus stand during a government-imposed nationwide lockdown as a…
Imports slump as pandemic affects trade with China
Imports slid by more than 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. Preliminary figures released by…
Jumpstarting the economy after a pandemic
The recent coronavirus outbreak has brought uncertainty not just over general public health, but also to the global economy at large. While scientists are racing to find a cure against…
Asian shares mostly lower on worries about pandemic damage
TOKYO — Asian shares were mostly lower, gyrating in early Wednesday trading amid uncertainty over the coronavirus outbreak, which continues to claim more lives around the world. A man looks…
COVID-19 help: DOF says PH to present plans vs pandemic to tap $5-B financing from China-led lender AIIB
The Philippines will present plans to tap Asian Infrastructure Investment Bank’s (AIIB) proposed $5-billion COVID-19 crisis recovery financing, Finance Secretary Carlos G. Dominguez III said on Friday (April 3). The…
UN: Pandemic could shrink global economy almost 1% in 2020
UNITED NATIONS — The global economy could shrink almost 1% this year due to the new coronavirus, a sharp reversal from the pre-pandemic forecast of 2.5% growth, the United Nations…
Amid COVID-19 pandemic, World Bank sees PH economy growing 3% at best, contracting 0.5% at worst in 2020
MANILA, Philippines — The COVID-19 pandemic will take its toll on economies across East Asia and the Pacific, and the Philippines was no exception given its reliance on tourism and…
Asian shares extend losses as toll from pandemic surges
BANGKOK — Asian shares started the week with fresh losses as countries reported surging numbers of infections from the coronavirus that has prompted shutdowns of travel and business in many…
UK think tank: PH economy to be ‘badly hit’ by COVID-19 pandemic
The Philippines is one of emerging markets that would take a big hit from the economic disruption of the COVID-19 pandemic, which would be made even worse by insufficient health…