Airline recovery remains slow and uncertain
Cebu Pacific, the country’s biggest budget airline, said recovery was significantly slower than expected as it struggles with weak demand and shifting local government unit (LGU) rules amid the new…
Stocks drop again on worries about slow recovery for economy
Wall Street’s earlier bets that the economy can make a relatively quick rebound from the coronavirus pandemic suddenly don’t look so good. A woman wearing face mask walks past a…
UK think tank: PH economic recovery to lag behind due to slow COVID-19 containment
The Philippines and Malaysia are expected to lag behind their Asia-Pacific peers in bouncing back from the socioeconomic fallout from the COVID-19 pandemic due to the slow containment of the…
UK think tank: PH infra growth ‘slow’ as DPWH, DOTr can’t fully spend budgets
The Philippines stood to gain much from its ambitious infrastructure spending spree but rollout of projects so far had been “slow” as implementing agencies struggled to spend bigger budgets, UK-based…
BSP urges more Filipinos to shift to e-payments to slow coronavirus spread
The country’s top financial regulator wants more Filipinos to use electronic payments as a means of settling transactions especially during the Luzon-wide lockdown imposed by the government to combat the…
DOF: Infra spending key to avert slow recovery post-pandemic
MANILA, Philippine — The economic team is moving to arrest the impact of the COVID-19 pandemic and the resulting lockdown across the country in order to avert slow recovery and…