MANILA, Philippines — The near-term recovery of the Philippines remains questionable amid the slow vaccination rollout, as well as the resurgence of COVID-19 infections, according to Moody’s Analytics. In a report, Moody’s Analytics senior economist Katrina Ell and associate economist Dave Chia said the latest infection wave in the Philippines is the worst of the […]
Read MoreMANILA, Philippines — Foreign business groups lauded the recent move of Congress to ratify the bicameral report for the bill that would reduce the minimum required investment for foreign retailers in the country. “As strong proponents of increased foreign direct investment (FDI) in the Philippines, we applaud the Senate and House for ratifying the bicameral […]
Read MoreMANILA, Philippines — The Philippines and India have signed a new and modernized air services agreement to further strengthen connectivity and mutual economic growth between the two countries. The air services agreement was signed by the Department of Transportation (DOTr) and the Indian Ministry of Civil Aviation on Monday. The DOTr said the agreement aims […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) may hike interest rates as early as the second quarter due to accelerating inflation and mounting pressures from the hawkish stance of the US Federal Reserve, according to the research units of Fitch and Moody’s. In a report, Fitch Solutions Country Risk & Industry Research said […]
Read MoreMANILA, Philippines — More Filipinos would remain trapped in poverty in the Philippines in 2023 if the government won’t mix policies addressing widening inequality in its pandemic exit strategy, the World Bank said Tuesday. The grim outlook means poverty reduction in the country would be slower by 2.1 points in 2023 if recovery would only […]
Read MoreMANILA, Philippines — The government should consider increasing excise taxes on tobacco products to at least 75 percent of the average retail price to generate additional revenue for COVID-19 measures. Jeremias Paul Jr., a former undersecretary at the Department of Finance who now leads the World Health Organization (WHO)’s fiscal policy unit, said raising tobacco […]
Read More
Thailand
