MANILA, Philippines — The Philippines is no longer at the bottom of the list in terms of economic reopening in Asia-Pacific, but its vaccination rate should still be fast-tracked to further achieve a stronger rebound. In the latest lockdown easing scorecard of London-based Oxford Economics, the Philippines ranked 10th among 14 major economies in Asia-Pacific […]
Read MoreMANILA, Philippines — The Philippines may grow by more than six percent this year as the economy is on its way to full recovery from the impact of the pandemic by the third quarter of next year or earlier, according to Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno. Diokno said a full-year gross domestic […]
Read MoreMANILA, Philippines — The Department of Finance (DOF) has doubled down on its opposition to proposals to suspend excise taxes on fuel, saying such a measure only benefits the rich whose disposable income will increase. Finance Undersecretary and chief economist Gil Beltran yesterday said the government would lose the progress it has achieved in leveling […]
Read MoreWhen the COVID-19 pandemic began, we all relied heavily on the use of electronic platforms to acquire our necessities, be present in virtual classes, report to work while we are at the comfort of our homes, communicate and reconnect with our loved ones, and entertain ourselves to veer away from problems or deal with anxiety […]
Read MoreMANILA, Philippines — The government has spent more for debt service in nine months this year than it did for the whole of last year due to increases in both interest payments and amortization. According to the Bureau of the Treasury, debt payments in the nine months to September grew 15 percent to P963.86 billion […]
Read MoreMANILA, Philippines — Economists expect the Bangko Sentral ng Pilipinas (BSP) to keep interest rates on hold this week as part of the regulator’s commitment to maintain an accommodative monetary policy stance until the economy fully recovers from the impact of the pandemic. Michael Ricafort, chief economist at Rizal Commercial Banking Corp., said the Monetary […]
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