The Philippines will lift most Covid-19 restrictions in the capital Manila next month, President Rodrigo Duterte’s spokesman said Sunday, after a sharp drop in infections and a rising number of people vaccinated. It comes weeks after the country reopened its borders to foreign tourists for the first time in two years and as campaigning for […]
Read MoreMANILA, Philippines — Economists are expecting an uptick in inflation due to rising global oil prices amid Russia’s invasion of Ukraine. Ruben Carlo Asuncion, chief economist at Union Bank of the Philippines, said inflation in February would likely accelerate to 3.4 percent after easing to a 15-month low of three percent in January. Asuncion said […]
Read MoreMANILA, Philippines — The government should start raising funds for its social protection measures and reopen the economy to full capacity to prepare for the worst spillover effects from rising tensions in Ukraine, experts said yesterday. Economists interviewed by The STAR said the government could no longer afford to widen its budget deficit by distributing […]
Read MoreMANILA, Philippines — The government has suggested more innovative solutions such as active transportation to deal with rising oil prices, especially as the Ukraine-Russia conflict is expected to put further pressure on the commodity’s global costs. During Go Negosyo’s town hall webinar yesterday, the National Economic and Development Authority (NEDA) said oil supply and prices […]
Read MoreMANILA, Philippines — The government has assured the public it is being pragmatic on its fiscal consolidation plan, focusing on increased economic activities rather than on tax initiatives as it recognizes difficulties caused by the pandemic. During Go Negosyo’s town hall webinar yesterday, the National Economic and Development Authority (NEDA) said the government is taking […]
Read MoreMANILA, Philippines — The Ukraine conflict may bring to a halt the downtrend in inflation as soaring oil prices in the global market would impact on local consumer prices, economists said. ING Bank senior economist Nicholas Mapa said tensions between Russia and Ukraine would ratchet up pressure on inflation in the Philippines. Rizal Commercial Banking […]
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