MANILA, Philippines — Several tourism stakeholders are considering shuttering their businesses for good as they anticipate another summer season without tourists from Metro Manila and overseas. Tourism Congress of the Philippines (TCP) president Jose Clemente III told The STAR many of his colleagues in the travel sector are ready to cease operations, but are holding […]
Read MoreMANILA, Philippines — The national government spent P219. 8 billion to settle its local and foreign debts in January, according to data from the Bureau of the Treasury (BTr). Debt service payments during the month were almost double the P146.054 billion in January 2020 as principal payments paid on a monthly basis increased during the […]
Read MoreMANILA, Philippines — Meat importers said the recommendation of President Duterte to increase the minimum access volume (MAV) of pork imports is not enough to stabilize market prices. “It’s the right move to increase pork supply.“ However, this would not bring down the price of pork. Only with the reduction of import duty can this […]
Read MoreMANILA, Philippines — The Philippines is ramping up efforts to attract more foreign investors to take advantage of the impending recovery from the pandemic-induced recession, according to Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno. Diokno told participants of the virtual 2nd Philippines-Singapore Business and Investment Summit on Friday the impact of COVID-19 pandemic on […]
Read MoreMANILA, Philippines — The recovery of the Philippine economy may further stall amid the recent spike in COVID-19 infections, according to Moody’s Analytics and BDO Unibank Inc. Katrina Ell, economist at Moody’s Analytics, said the Philippine economy is in a worrisome condition and is likely to further stall at least through the first half of […]
Read MoreNo changes in key rates MANILA, Philippines — Monetary authorities decided to keep an accommodative stance to support the economy as inflation is now expected to breach the government’s two to four percent target for this year while the country continues to struggle to control the raging COVID-19 pandemic, the Bangko Sentral ng Pilipinas (BSP) […]
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