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The COVID-19 lockdown imposed in Luzon and other parts of the country since mid-March already cost the Philippines forgone output worth 5.8 percent of its gross domestic product (GDP)—the highest…
A five-month record low inflation in April allowed the Bureau of the Treasury to award P15 billion in 35-day T-bills at a lower rate on Tuesday (May 5). It helped…
Barcelona-based FocusEconomics has slashed its 2020 growth forecast for the Philippines to 1.4 percent as the COVID-19 pandemic and the local lockdown to fight the disease deeply hurt the economy.…
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…
MILAN — European car sales tanked last month amid strict lockdown measures to contain the coronavirus that shut down dealerships for at least half of March and dried up consumer…
The Bangko Sentral ng Pilipinas (BSP) could slash the policy rate to 2 percent this year as the Philippines struggles to contain the COVID-19 disease and its economic fallout, London-based…
London-based Capital Economics on Thursday (April 16) said the Philippine government’s projections of flat growth or, in the worst case, contraction of as much as 1 percent in 2020 was…
Interest rates across the Asia-Pacific region, including in the Philippines, are expected to fall as central banks fight the economic fallout caused by the COVID-19 pandemic, UK-based Oxford Economics said.…
The Asia-Pacific region is expected to lead global recovery once dust from the COVID-19 pandemic settles, with the Philippines among only a few economies seen to eke out modest growth…
An aggressive isolation of COVID-19 carriers must be put in place after the one-and-a-half months of enhanced community quarantine enforced in Luzon and most parts of the country to avoid…
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