MANILA, Philippines — The difficulty of the economy in recovering from the pandemic and the worsening climate crisis are among the top risks the Philippines is facing in the near term. In the latest Global Risk Report of the Geneva-based World Economic Forum (WEF), climate risks dominated global concerns as economies enter the third year […]
Read MoreMANILA, Philippines — The Philippine economy is likely to become among the region’s top performers this year, but the expected growth will still fall short of government targets as downside risks remain, the World Bank said. In its latest Global Economic Prospects, the Washington-based multilateral lender retained its gross domestic product (GDP) forecasts for the […]
Read MoreMANILA, Philippines — Power generators are assuring the public of enough inventory amid Indonesia’s coal export ban, which is seen to have a short-term impact on the Philippines. In a statement, the Philippine Independent Power Producers Association Inc. (PIPPA) said its member generation companies (gencos) are continuously monitoring the developing concern on Indonesia’s coal export […]
Read MoreMANILA, Philippines — Local car manufacturers failed to hit their sales target last year despite showing signs of recovery, with the industry itself admitting it won’t be business as usual as long as the pandemic drags on. What’s new A total of 268,488 vehicles were sold in 2021, 20% bigger compared with a year ago, […]
Read MoreMANILA, Philippines (Update 1, 5:38 p.m.) — The Department of Labor and Employment has drafted a labor advisory urging businesses to pay their workers who are under quarantine or isolation due to COVID-19. Labor Undersecretary Benjo Benavidez said Wednesday in a press briefing that they committed to come out with a labor advisory on paid quarantine and […]
Read MoreMANILA, Philippines (Update 1, 4:55 p.m.) — The Philippine Stock Exchange is cutting trading hours anew to finish at 1 p.m. as daily infection numbers rise exponentially. In a statement, the local bourse operator said the reduction will be implemented starting Friday until January 31. This came weeks after the PSE reinstated its pre-pandemic trading hours that pre-open at […]
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