MANILA, Philippines — Filipina entrepreneurs in the local e-commerce space suffered more from the pandemic fallout than their male counterparts, reinforcing observations that the health crisis is disproportionately hurting women. A research by the International Finance Corporation (IFC), a member of the World Bank Group, released Thursday found that women-owned businesses in the country outsold […]
Read MoreMANILA, Philippines — The country’s balance of payments (BOP) position posted a surplus in April, reversing the deficits booked since the start of the year as more dollars flowed into the country due to higher borrowings to fight the pandemic, according to the Bangko Sentral ng Pilipinas. BSP Governor Benjamin Diokno said the country recorded […]
Read MoreMANILA, Philippines — Inbound arrivals in April fell to a nine-month low of 6,036 as Metro Manila’s revert to a strict lockdown drastically reduced the number of visitors entering the country. Based on data obtained by The STAR, arrivals reached 6,036 in April, the lowest in nine months since the 5,518 arrivals in July 2020, […]
Read MoreMANILA, Philippines — The Philippine government is best placed to handle shocks from a rise in interest rates, likely making debt refinancing less of a problem for the state in the next few years. In a report sent to journalists on Tuesday, S&P Global Ratings said its baseline forecast is for government spending on interest payments —as […]
Read MoreMANILA, Philippines — The Duterte administration’s budget deficit narrowed in April, with the so-called “base effects” accounting for both the sharp pick-up in revenues and double-digit drop in spending during the month. The government’s fiscal gap shrank 83.78% year-on-year to P44.4 billion in April, the Bureau of the Treasury reported Monday. That massive contraction was […]
Read MoreMANILA, Philippines — The Philippines should only open agriculture trade on commodities it cannot produce, a local agricultural group said. “I think if we can produce, there is no need [for more open trade], “Samahang Industriya ng Agrikultura (SINAG) chairperson Rosendo So told The Star in a phone interview. In a joint statement over the […]
Read More
Thailand
