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...
The contribution of the tourism industry to the country's economy plunged by a whopping 61.2 percent in 2020 amid the ongoing global pandemic, the Department of Tourism (DOT) revealed. Boracay Island when it reopened to domestic tourists in October 2020. (Photo by Tara Yap) Citing a recent report...
The Philippines is the “clear laggard” in Asia, Moody’s Analytics declared, noting that its economy will likely return to its pre-pandemic levels only by the end of next year. Decentralized health advice alongside the sluggish COVID-19 vaccine rollout is denting the nation’s recovery, an...
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...
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...
