MANILA, Philippines — A global think tank expects the Philippines to suffer the most from the pandemic in Asia-Pacific as its continued failure to control COVID-19 infections is making a huge dent on the economy. In its latest outlook, London-based Capital Economics said the country’s road to economic recovery is slipping further behind compared with […]
Read MoreMANILA, Philippines — The reimposition of stricter mobility restrictions in the National Capital Region and adjacent provinces or NCR Plus amid the resurgence of COVID-19 infections is seen dragging the economy in the first half of the year, according to the Bangko Sentral ng Pilipinas. BSP Governor Benjamin Diokno said during a virtual press briefing […]
Read MoreMANILA, Philippines — Struggling to bring people out of their homes and toward their nearly deserted malls, the Philippines came up with a fix to entice its consumers to go out, dine and shop: place stickers on stores to show they follow health guidelines. For sure, the so-called “safety seal” is far from being a “COVID-19-free seal” […]
Read MoreMANILA, Philippines — The Philippine capital is the third most expensive city to live in in Southeast Asia, with cost of living in Manila significantly higher than the salary of an individual, a survey showed. Based on a study by price aggregator iPrice Group, the cost of living in Manila is quite expensive, ranking third […]
Read MoreThe coronavirus disease 2019 (Covid-19) pandemic is endangering progress made in reducing poverty and inequality here and abroad. Former Social Security System president Corazon de la Paz-Bernardo, citing a report from the World Economic Forum (WEF), said the immediate human and economic cost of Covid-19 is severe. “It threatens to scale back years of progress […]
Read MoreOil is back from negative territory. As mass vaccinations roll out in the US and Europe, and with China’s economy surging ahead on an 18.3 percent growth during the first quarter of the year, crude oil prices are once again on the rise. Storage facilities are reporting new drawdowns in crude stocks and the more […]
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