Monthly Archives: June 2021

by Mary Ann LL. Reyes (The Philippine Star), 20 Jun 2021 Defying predictions, remittance flows have proven resilient during the COVID-19 crisis, with officially recorded remittance flows to low and middle-income countries reaching $540 billion in 2020 or only 1.6 percent lower than the $548 billion recorded in 2019.

by Janvic Mateo (The Philippine Star), 20 Jun 2021 MANILA, Philippines — The Philippines has voted in favor of a United Nations General Assembly (UNGA) resolution seeking the end of the military coup in Myanmar and calling for the release of political prisoners, including its de facto civilian leader Aung San Suu Kyi.

Data from the PSA showed that registered deaths from January to December 2020 reached 613,267, fewer than the total of 620,414 in 2019. by Louise Maureen Simeon (The Philippine Star), 20 Jun 2021 MANILA, Philippines — Deaths due to COVID-19 accounted for only 1.5 percent of total mortality in the Philippines last year, the Philippine…

Read more here.

by Louise Maureen Simeon (The Philippine Star), 18 Jun 2021 MANILA, Philippines — The Philippines slipped seven notches in the global competitiveness ranking, the sharpest drop in Asia-Pacific and its poorest performance over the last five years, as the country’s mediocre pandemic response led to an economic deterioration, the worst in several decades.

by Louise Maureen Simeon (The Philippine Star), 18 Jun 2021 MANILA, Philippines — Businesses all over the globe are turning more optimistic as the world recovers from the impact of the pandemic, with downside risks becoming less and less, an international think tank said.

(The Philippine Star), 18 Jun 2021 MANILA, Philippines — Sen. Bong Go encouraged poor and indigent patients to prioritize their medical-related needs amid the ongoing health crisis caused by COVID-19.

by Janvic Mateo (The Philippine Star), 18 Jun 2021 MANILA, Philippines — The number of jobless Filipinos has slightly declined over the past six months but remains above pre-pandemic level, a new survey conducted by Social Weather Stations (SWS) showed.

by Elijah Felice Rosales (The Philippine Star), 18 Jun 2021 MANILA, Philippines — As the vaccination of essential workers has begun in Metro Manila, the Department of Finance (DOF) expects policymakers to take the next step of reopening the economy to allow workers to regain the jobs they lost during the COVID pandemic.

by Manila Times, 17 Jun 2021 THE country’s internet speed has greatly improved and it has moved up in global rankings, according to the Ookla Speedtest Global Index Report.

by Elijah Felice Rosales (The Philippine Star), 17 Jun 2021 MANILA, Philippines — Tourism’s contribution to gross domestic product (GDP) last year fell to below P1 trillion, its lowest in more than a decade, as expenditures on travel declined by double digits due to border restrictions put in place by the government.

by Lawrence Agcaoili (The Philippine Star), 17 Jun 2021 MANILA, Philippines — The International Monetary Fund (IMF) now expects a slower economic recovery for the Philippines this year as it slashed its gross domestic product (GDP) growth forecast to 5.4 percent amid delays in vaccinations and the resurgence of COVID-19 cases.

Countries with improved abilities to convert wealth into well-being tended to mitigate drops in economic performance and limit the growth of unemployment rates during the first year of the pandemic. — Boston Consulting Group (@BCG) June 15, 2021

Read more here.

by Louella Desiderio (The Philippine Star), 16 Jun 2021 MANILA, Philippines — Local exporters are incurring higher costs and losses due to disruptions in the global container shipping industry.

by Louise Maureen Simeon (The Philippine Star), 15 Jun 2021 MANILA, Philippines — The digital economy is expected to produce more job opportunities for women if gender gaps are addressed.

by Richmond Mercurio (The Philippine Star), 15 Jun 2021 MANILA, Philippines — The country’s import shipments toward the holiday season could face delays due to unprecedented demand and congestion at some of the world’s major ports.

by Evelyn Macairan (The Philippine Star), 15 Jun 2021 MANILA, Philippines — A body was fished out of Manila Bay yesterday by divers of the Philippine Coast Guard (PCG) near the cargo vessel that caught fire at the Delpan Wharf in Tondo over the weekend.

by Neil Jayson Servallos (Philstar.com), 15 Jun 2021 MANILA, Philippines ?(PCIJ) — It was the year 2010. National Bureau of Investigation (NBI) agent Bernard Dela Cruz remembered watching dozens of children move in and out of an internet cafe in Cebu City in central Philippines, wondering if they were the young boys and girls they…

BSP Governor Benjamin Diokno on inflation: Our latest inflation forecast is likely to settle at 3.9% in 2021 & 3% in 2022. Both within the 2 to 4% target range. pic.twitter.com/g0HuJB0MYk — Warren de Guzman (@wddeguzman) June 15, 2021

by Delon Porcalla (The Philippine Star), 14 Jun 2021 MANILA, Philippines — The Philippines remains a laggard among its Asian neighbors, partly because of the influence oligopolies have over practically all administrations and, as such, local tycoons’ businesses thrive and deprive the country of much-needed foreign direct investments.

Read more here.

Read more here.

Read more here.

by Lawrence Agcaoili (The Philippine Star), 13 Jun 2021 MANILA, Philippines — Monetary authorities have vowed to keep a close watch on evolving wage dynamics and its ability to influence price movements as the country’s jobless rate improves with the ongoing recovery from the recession.

(The Philippine Star) 13 Jun 2021 MANILA, Philippines — More Filipinos are embracing digital banking services amid strict lockdown and quarantine measures to slow the spread of COVID-19, according to the Visa Consumer Payment Attitudes study.

by Robertzon Ramirez, Ralph Edwin Villanueva (The Philippine Star), 13 Jun 2021 MANILA, Philippines — Six persons were injured and two were reported missing when an oil tanker caught fire as it was refueling at the Delpan Wharf in Tondo, Manila yesterday morning.

By Antoinette Capuz, Manila Standard Child labor remains prevalent in the Philippines along with the rest of South-Eastern Asia region, according to the International Labor Organization and United Nations Children’s Fund which on Thursday said that the worldwide tally has increased to 160 million amid the coronavirus disease 2019 pandemic.

by Louise Maureen Simeon (The Philippine Star), 11 Jun 2021 MANILA, Philippines — London-based Oxford Economics further slashed its growth forecast for the Philippines to 4.5 percent this year, among the lowest projections for the country, due to a weaker-than-expected performance in the first quarter and slim prospects of recovery in the second quarter.