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Over the next 10 to 40 years.
The total cost of the COVID-19 pandemic on the Philippines from the time it started in 2020 up to the next 10 to 40 years is estimated to reach a total of P41.4 trillion, according to the National Economic Development Authority (NEDA). In ...
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If you think that just because the GDP grew 11.8 % year-on-year that we're out of a recession, think again.
The Philippine Statistics Authority announced that the Gross Domestic Product in the second quarter of 2021 grew 11.8 percent year-on-year, the highest growth in 24 years.The huge jump in GDP growth prompted many economists to declare that the economic recession that started ...
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The lockdowns and stimulus proved inadequate, says WB.
The Philippines’ economic recovery from the pandemic will lag its regional peers, according to the World Bank, as it struggles to move beyond strict lockdowns and stimulus that have been inefficient and inadequate.The Southeast Asian nation’s “highly decentralized” health system, and lockdowns ...
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Pinoys are helping prop up the economy of the island in the English Channel.
After the United Kingdom voted to leave the European Union in a referendum in 2016 (what has since been called Brexit), there was widespread uncertainty about its effect on the British way of life. In Jersey, in particular, farmers expressed concern that there ...
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It’s not just sili that’s insanely pricey.
If you don’t regularly go to the market, this story might not concern you. But for everybody else whose task it is to replenish food supplies on a regular basis, they might be wondering why exactly prices of basic commodities are through ...
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Is COVID-19 a Grinch too?
All rank and file workers are entitled to 13th month pay under labor laws and companies should be giving it out from November to December. That was before COVID-19. In the last six months, jobs were lost, businesses trimmed operating hours and the economy ...
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A quick look at the impact of authoritarian rule on infrastructure, debt, GDP, inflation and the stock market.
To family and supporters of the former President Ferdinand Marcos, his declaration of martial law on September 23, 1972 (though he antedated the official document to September 21) remains a watershed event that ushered in what some of them consider to be ...
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The partnership offers a temporary source of income until the tourism industry gets back on its feet.
The pandemic has caused widespread national unemployment and underemployment. One of the worst-hit industries has been the tourism sector. Once a lifeline for the economy, tourism is now facing unprecedented challenges as hotels, airlines, and cruises struggle to stay afloat and thousands ...
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Good news: the worst is not yet to come.
It looks like we might have overcome the worst of this economic crisis.According to Benjamin Diokno, governor of the Bangko Sentral ng Pilipinas (BSP), it’s “unlikely” that the economy will get any worse in 2021. Top Story: Supermarket Staff Pin-pricking Holes in Plastic Sugar BagsIn ...
