The Department of Finance (DOF) said green shoots of the Philippine economic recovery are growing, citing two recent data indicating growth in trade and manufacturing sectors. In an Economic Bulletin released by the DOF, Finance Undersecretary and Chief Economist Gil S. Beltran noted that recovery...
A ray of hope shone through the thick fog of anxiety over the latest COVID upsurge: the signing into law by President Duterte of Republic Act 11534, the Corporate Recovery and Tax Incentives for Enterprises Act (CREATE). It is regarded as a “historic economic reform” that is “one of the...
This year’s Easter observance is muted and subdued by the sobering realities brought on by COVID-19. An unprecedented surge has transformed the NCR+ bubble area from a hotspot into a cauldron of infection with more than 80 per cent of new cases. The trauma of the initial outbreak a year ago...
Just as many citizens were looking forward to being footloose for out-of-town Holy Week excursions, the Inter-Agency Task Force (IATF) for Management of Emerging Infectious Diseases announced the enforcement of a General Community Quarantine (GCQ) covering Metro Manila, Bulacan, Cavite, Laguna, and...
San Juan City Mayor Francis Zamora, who tested positive for COVID-19 , is set to finish his self-isolation on Sunday, March 14. San Juan City Mayor Francis Zamora (Facebook / MANILA BULLETIN) In an interview with ANC, Zamora said he remained asymptomatic throughout his quarantine. Zamora tested...
A rise in recoveries of coronavirus disease (COVID-19) patients has been recorded in Pasay City, City Epidemiology and Disease Surveillance Unit (CESU) Head Mico Llorca said Tuesday (March 9). (MANILA BULLETIN) In a radio interview on DWIZ, Llorca said that as of March 8, the city logged a total of...
CHAFF FROM THE GRAIN “We haven’t the time to take our time.” – Eugene Ionesco Hector RR Villanueva The economic managers are hedging and preparing the mind of the public that economic recovery and going back pandemic normalcy will be a long time in coming and uncertain. And, our procurement...
The Department of Finance (DOF) said the country’s economic recovery is “not smooth” due to continued restrictions that dampened consumer and investor sentiment. In his latest economic bulletin, Finance Undersecretary and Chief Economist Gil S. Beltran explained that consumers and investors...
The National Economic and Development Authority (NEDA) is encouraging consumers and the working population to respond to a new survey on confidence in the safe and gradual opening of the economy. In a statement, Acting Socioeconomic Planning Secretary Karl Kendrick T. Chua said the key to a real...
Michael Gerard “Mike” Enriquez Sun Life Philippines expects the Philippine economy to undergo a “U-shaped,” a longer type of recovery and a return to trend line growth in the next two years. Michael Gerard D. Enriquez, Sun Life chief investments officer, said the country’s economy,...
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...
AirAsia Group Bhd. aircraft stand on the tarmac at Kuala Lumpur International Airport 2 (KLIA 2) in Sepang, Selangor, Malaysia. (Photographer: Samsul Said/Bloomberg AirAsia is already seeing strong positive signs of recovery from across its regional market, including the Philippines, indicating...
