Debt-watcher Moody’s Investors Service has lowered its forecast on the Philippine economy for the year as coronavirus battle enters another phase of uncertainty. In a research note released Wednesday, July 21, Moody’s said it is now projecting that the country’s economy, as measured by gross...
The Asian Development Bank (ADB) maintained its growth forecasts for the Philippines despite the resurgence of coronavirus infections in Southeast Asia that also posed a threat in the local economy. ADB HQ In its Asian Development Outlook Supplement released Tuesday, July 20, the ADB said it is...
President Duterte’s economic team is now seeing a brighter light at end of the tunnel as the inter-agency Development Budget Coordination Committee (DBCC) expressed optimism that the Philippine economy may return to its pre-pandemic levels by next year. DBCC The DBCC, which sets the macroeconomic...
President Duterte hopes that the next president of the country will be more competent than he is, saying he will gladly support him or her if that would be the case. President Rodrigo Duterte (File photo/Malacañang) Duterte made the statement as he pointed out that the country lacked the...
Presidential Adviser for Entrepreneurship Joey Concepcion has appealed to the government to allow businesses to operate at full capacity once they attain the level of "micro-herd immunity" from COVID-19. A Manila resident receives a coronavirus shot at a vaccination hub located at SM Manila on July...
Retired Supreme Court Senior Associate Justice Antonio Carpio believes that the country’s weak economy will be the reason why presidential daughter and Davao City Mayor Sara Duterte-Carpio will lose if she runs as president in the May 2022 polls. Retired Supreme Court Senior Associate Justice...
Malacañang said the Philippines was slowly recovering from the effects of the coronavirus (COVID-19) pandemic on the economy, noting that the government was working hard on balancing reviving the economy and preserving the public's health. Manila Bulletin/File photo Presidential Spokesman Harry...
The Philippines’ economic potential remains despite the prolonged COVID-19 pandemic that continues to wreak havoc in the communities. The National Economic and Development Authority (NEDA) is confident that the gross domestic product (GDP) would return to its pre-pandemic level by next year....
Is the Philippines better off than when President Duterte stepped into power in 2016? Senator Panfilo “Ping” Lacson said this is what he wants to find out when the Chief Executive delivers his final State of the Nation Address (SONA) this July. “After five years, where are we now, or what is...
House leaders air admiration for Pnoy, sympathies for his family More key leaders of the House of Representatives have come out to express sincere sympathies to the family of the late former President Benigno “Pnoy” Aquino III whom they extolled as a great leader of the country. Deputy Speakers...
Economist and professor Solita “Winnie” Monsod said on Wednesday, June 23, that the Filipinos need better leaders for the economy to bounce back from the coronavirus pandemic and for the country to be competitive again on the world stage. Economist Solita “Winnie” Monsod...
The only way to rebuild the economy after the devastating impact of the coronavirus pandemic is by “uplifting the lives of those in the margins,” Vice President Leni Robredo on Monday, June 21, told employers during a virtual conference as she highlighted her advocacy of reaching out to those...
