MANILA, Philippines — The Philippines is likely to achieve herd immunity only in 2023 as the resurgence of COVID-19 infections over the past few months threatens the recovery from the pandemic-induced recession, according to Moody’s Analytics. In a report, Moody’s Analytics chief economist Steven Cochrane said there is much uncertainty about the outlook for the […]
Read MoreMoody’s Analytics sees rising Covid cases, vaccine shortage as key reasons The Philippines will be one of the weakest performers in the Asia-Pacific region this year as the country struggles to contain the spread of coronavirus disease 2019 (Covid-19) and faces a severe vaccine shortage, Moody’s Analytics said. In a report released on Monday, Moody’s […]
Read MoreThe Philippine government might return to the international bond market as it eyes an offering of euro bonds. “The Republic of the Philippines, rated Baa2 (stable) by Moody’s, BBB+ (stable) by S&P, and BBB (stable) by Fitch, has appointed BNP PARIBAS, Credit Suisse, Goldman Sachs, J.P. Morgan, Nomura, and Standard Chartered Bank as Joint Lead […]
Read MoreMANILA, Philippines — The generous monetary support unleashed by central banks around the world, including the Bangko Sentral ng Pilipinas (BSP), is expected to remain in place to support the global economy from the pandemic-induced recession, according to Moody’s Analytics. In its latest global outlook titled “Recovery fraught with risk,” Moody’s Analytics senior economist for […]
Read MoreMANILA, Philippines — Budget utilization by government agencies eased in the first quarter, according to the Department of Budget and Management (DBM). Agencies used up P788.85 billion out of the P810.68 billion released through Notices of Cash Allocation (NCA) from January to March. This resulted in a utilization ratio of 97 percent, down from 99 […]
Read MoreMANILA, Philippines — The government settled less of its local and foreign obligations in February, with payments reaching P33.3 billion during the month, according to the Bureau of the Treasury (BTr). Debt payments in February were more than four times lower than the P144.64 billion in February 2020, as less amortizations were made. The bulk […]
Read More
Thailand
