MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is pursuing bolder moves such as deeper rate cuts and further lowering of the reserve requirement ratio of banks as authorities eye a soft landing from the serious repercussions of the unprecedented crisis brought about by the coronavirus disease 2019 or COVID-19 pandemic on the Philippine […]
Read MoreMANILA, Philippines — The Philippines is among the countries in the Asia-Pacific region that will struggle to recover from the pandemic later this year, according to IHS Markit. In its Week Ahead report, the market intelligence service firm said the coronavirus disease 2019 or COVID-19 pandemic is so far shaping up to be the “most […]
Read MoreThe Philippines should gradually reopen the economy and allow businesses to operate at 50 percent capacity to protect jobs, according to Teresita Sy-Coson who helps run an empire from banking to retail under SM Investments Corp. “If all the industries can start operating 50 percent, including the transport, with all the medical precaution like making […]
Read MoreMANILA, Philippines — The government should look into the possibility of gradually reopening the economy and allowing businesses to operate at 50 percent capacity to help cushion the economy from the impact of the coronavirus disease 2019 or COVID-19 pandemic, according to SM Investment Corp. (SMIC) vice chair Teresita Sy-Coson. Coson said this may be […]
Read MoreA Fitch Group unit warned that its Philippine economic growth outlook for 2020 is now subject to downside risks because of the extended enhanced community quarantine (ECQ) imposed on Luzon. “The extension of the lockdown has been a risk we have flagged to the Philippines’ economic outlook,” Michael Langham, Fitch Solutions senior country risk analyst, […]
Read MoreSince 2020 began, the Philippine business landscape has been shaken by unfortunate series of events, from the Taal Volcano eruption in January to the ongoing coronavirus disease 2019 (Covid-19) pandemic. Businesses continue to be floored by these, plus other external factors. The question now is: How can they, especially small and medium enterprises (SMEs), bounce […]
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