Monthly Archives: January 2021

By Andrew J. Masigan, BusinessWorld, 31 Jan 2021 Frequent changes and unrealistic figures have made it difficult to believe the government’s economic forecasts.

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By Helen Flores(Philstar.com), 30 Jan 2021 MANILA, Philippines — The Philippines dropped two spots in the 2020 Corruption Perception Index (CPI) drawn up by anti-corruption watchdog Transparency International.

ECONOMIC CONTRACTION By: Roy Stephen C. Canivel, Philippine Daily Inquirer, 30 Jan 2021 MANILA, Philippines — Jose Tamares Jr. had many reasons for leaving his job as an engineer in the Philippines to work as a waiter in Qatar.

By: Rashesh Shrestha, Philippine Daily Inquirer, 30 Jan 2021 The three main challenges Asean will face post-pandemic—digitalization, supply chains, and human capital—have been widely discussed. Each of these has been emphasized in the Asean Comprehensive Recovery Framework and its implementation plan.

By: Marlon Ramos, Philippine Daily Inquirer, 29 Jan 2021 MANILA, Philippines — The Philippine Coast Guard (PCG) and the Bureau of Customs (BOC) seized a Chinese dredger for “illegal and unauthorized presence” in Philippine waters more than a year after it was cleared to leave the country, the Coast Guard said on Friday.

OECD-PCC competition report on PH logistics: OECD found that the cost of logistics to sales remains high in the Philippines, approximately 27% higher compared to other ASEAN countries. pic.twitter.com/3P7YQoaVEY — Warren de Guzman (@wddeguzman) January 29, 2021

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fyi…….from S&P 28 JANUARY 2021… pic.twitter.com/659Bgg5Uiz — John Mangun (@mangunonmarkets) January 29, 2021

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By Cai Ordinario, 28 Jan 2021 CRIPPLED by lockdowns, Philippine economy posted a contraction of 9.5 percent in pandemic year 2020, the worst performance on record since 1946, according to data released by the Philippine Statistics Authority (PSA) on Thursday.

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By Recto Mercene, Businessmirror, 28 Jan 2021 THE Department of Foreign Affairs (DFA) will temporarily close its main building on Roxas Boulevard, Pasay City, beginning Friday, January 29, until Tuesday, February 2, after the coronavirus was detected in the building and among its personnel.

by CBN News, 28 Jan 2021 MANILA – After the Philippine economy posted its worst post-war contraction, economic managers on Thursday said the economy was weighed down by lockdowns and that “prolonging the status quo of community quarantine and risk aversion is not an option.”

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by Joahna Lei Casilao/LDF, GMA News, 28 Jan 2021 The Davao Oriental Provincial Medical Center was placed under lockdown for 10 to 14 days after 33 of its employees tested positive for the coronavirus disease 2019 (COVID-19).

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.@PSAgovph data showed PH’s total external trade dropped 18.2% to $149.37 billion in 2020 from $182.52 billion in 2019. Merchandise exports down 10.1% to $63.77 billion, while imports slid 23.3% to $85.61 billion. | @bendeveraINQ — Inquirer Business (@InquirerBiz) January 27, 2021

By Lawrence Agcaoili, Delon Porcalla(Philstar.com), 27 Jan 2021 MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has ordered banks and credit card issuers to strictly comply with newly signed laws that grant temporary reprieve or debt moratorium to delinquent borrowers.

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by Beatrice M. Laforga, BusinessWorld, 26 Jan 2021 THE GOVERNMENT’S goal to bring down poverty rate to 14% and lift the economy’s status to the upper-middle income group next year can still be achieved despite the impact of the pandemic, Acting Socioeconomic Planning Secretary Karl Kendrick T. Chua said.