The Philippines posted its worst economic performance on record last year after the coronavirus pandemic crippled consumer spending and business activity. Jeepney drivers wearing face masks queue up to receive food packs from a concerned citizen on a road in Manila on August 6, 2020. (AFP / FILE...
The World Bank expects the Philippine economy to slip deeper than initially estimated, but the level of contraction will be less severe than the Duterte administration’s projection. A motorcyclist travels along a deserted road in Bonifacio Global City, Metro Manila, the Philippines. (Geric...
E-commerce has driven significant growth in the Philippine digital economy at 55 percent, according to the latest e-Conomy SEA 2020 report. Google, Temasek and Bain & Company released the fifth edition of the e-Conomy SEA 2020 At full velocity: Resilient and racing ahead Report released today...
The Philippine economy contracted for three straight quarters as consumer spending and business activity remained depressed owing to stringent quarantines imposed on key economic hubs to contain the spread of the coronavirus infections. Shoppers wearing protective masks shop for vegetables in...
The Philippines’ manufacturing activity contracted anew in October as operating conditions across manufacturing companies worsened as the economic fallout from the coronavirus disease (COVID-19) pandemic persisted. After breaching the 50-neutral mark for the first time in seven...
The World Bank expects a deeper economic downturn in the Philippines this year due to uncertain prospects as the still uncontrolled coronavirus pandemic will certainly take a heavier toll on poverty. Based on October 2020 Economic Update for East Asia and the Pacific , Washington-based...
The Asian Development Bank (ADB) expects a deeper contraction in the Philippine economy this year as consumption and investments are seen to remain subdued for the remaining months of the year amid global uncertainly. Based on the updated Asian Development Outlook 2020, the Manila-based...
FAITH ON THE GROUND Noel R., 33, a construction worker who lost his job, on Plaza Miranda imploring the Black Nazarene’s mercy. (Ali Vicoy) Your employer? No, he’s disappeared. Malacañang ? A senator, your congressman? Your mayor and barangay captain? No—he can’t even get a bus ride...
