Economy

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by Ian Nicolas Cigaral (Philstar.com), 16 Mar 2021 MANILA, Philippines — The Philippines’ return to pre-pandemic level is likely to come 3 months earlier next year, but growth that would make that happen will do little to salvage the country from being Asia Pacific’s laggard.

by Louise Maureen Simeon (The Philippine Star), 15 Mar 2021 MANILA, Philippines — A surge in COVID-19 cases, which has prompted the government to impose localized lockdowns anew to contain the spread of the virus, paints a dark picture of the future of the Philippine economy, according to a London-based think tank.

by Louise Maureen Simeon (The Philippine Star), 12 Mar 2021 MANILA, Philippines — After suffering the worst contraction in decades last year, the Philippine economy is expected to grow by as much as eight percent this year, well above government targets, according to Oxford Economics.

By Ruben Cruz Jr., Businessmirror, 2 Mar 2021 The lockdowns that were imposed across the country starting March 2020 or one year ago to contain the Covid-19 pandemic completely disrupted the country’s economy.

by Ben O. de Vera, Philippine Daily Inquirer, 23 Feb 2021 MANILA, Philippines—The Philippine economy was projected to grow at a slower pace in the first quarter of 2021, compared to an increase in output in the fourth quarter of 2020, as a result of a decision to keep in place current COVID-19 quarantine restrictions…

By Daxim L. Lucas, Philippine Daily Inquirer, 22 Feb 2021 The digitalization framework laid down by the central bank in recent years helped mitigate the economic impact of the coronavirus pandemic on the country as many Filipinos were able to buy essential needs and send money to their dependents despite last year’s lockdown.

by Ben O. de Vera, Philippine Daily Inquirer, 21 Feb 2021 MANILA, Philippines — Up to 95 percent of the economy would resume jobs and provide income once the entire Philippines is placed under a uniform and the least stringent of its Covid-19 quarantine levels, which the government’s chief economist has been pushing amid a…

By: Roy Stephen C. Canivel, Philippine Daily Inquirer, 19 Feb 2021 Several groups, which include as members businessmen and economists, are backing a proposal to put the entire country under its most lenient quarantine next month despite serious warnings from experts.

by Czeriza Valencia (The Philippine Star), 17 Feb 2021 MANILA, Philippines — Despite the fallout from the pandemic, most economies stand to return to their pre-pandemic growth trends by 2023 up to 2024, said London-based think tank Capital Economics.

by Kyle Aristophere T. Atienza, BusinessWorld, 8 Feb 2021 THE PHILIPPINES ranks 83rd out of 162 countries in freedom index. Filipinos became freer in 2018 after the country jumped three notches in the 2020 Human Freedom Index.

By CNN Philippines Staff, 7 Feb 2021 Metro Manila (CNN Philippines, February 7) — House Speaker Lord Allan Velasco filed a third version of the Bayanihan bill, seeking to secure an additional stimulus package amounting to ₱420 billion that will help revive the pandemic-battered economy.

By: Ben O. de Vera, Philippine Daily Inquirer, 5 Feb 2021 COVID-19 has dialed back some inroads made toward attaining the Duterte administration’s original poverty-reduction and jobs targets, but its chief economist remained confident the ultimate goal to eliminate poverty by 2040 would be achieved despite these pandemic-induced hiccups.

by Ian Nicolas Cigaral (Philstar.com), 4 Feb 2021 MANILA, Philippines — The Philippines is not alone in grappling with anemic consumer demand, with the rest of Asia Pacific region trying to perk up consumption appetite hammered down by the coronavirus pandemic.

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 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.

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 Ben O. de Vera, Philippine Daily Inquirer, 23 Jan 2021 The Duterte administration’s remaining months would be spent on ensuring that Filipinos have access to universal health care while reversing the damage wrought by the COVID-19 pandemic on the education and labor sectors, the country’s chief economist said on Friday.

by Ben O. de Vera, Philippine Daily Inquirer, 21 Jan 2021 MANILA, Philippines—If current COVID-19 quarantine restrictions drag on until end of 2021 and mass vaccination lags behind, the Philippine economy cold eke out only a 2.9 percent growth, according to economists at the Ateneo de Manila University on Thursday (Jan. 21).

By Andrew J. Masigan, BusinessWorld, 17 Jan 2021 Filipinos are worried about the future of the economy — and for good reason. The heavy handed lockdown pushed many businesses to bankruptcy, especially micro, small and medium enterprises (MSMEs). While there is no exact data as to how many businesses have closed, a United Nations survey…

By Dr. Jaime Jimenez, BusinessWorld, 19 Jan 2021 In a pandemic, the prevention of a wider spread of a virus and economic recovery are the essentials of the day. Among other things, budgeting during a pandemic needs to focus on three things: response measures, social protection, and economic stimulus.

by Cai Ordinario, 18 Jan 2021 THE Philippines’s recovery from its “corona coma” could take longer, as the economy will likely post a growth of around 3 percent to 4 percent this year, according to the Ateneo Center for Economic Research and Development (Acerd).

First Metro Investments & UA&P: After contracting 10% for the first three quarters last year, the country’s GDP returns to positive territory & will expand by 5.5-6.5% underpinned by OFW remittances, which are expected to increase by 4-6% this year… pic.twitter.com/grLQHVCfsx — Warren de Guzman (@wddeguzman) January 14, 2021

by Mayen Jaymalin (The Philippine Star), 11 Jan 2021 MANILA, Philippines — A labor group fears a “worse” unemployment situation in the country this year, unless the government enforces the necessary intervention measures.

by Daxim L. Lucas, Philippine Daily Inquirer, 9 Jan 2021 The heads of the country’s banks are slightly less optimistic about the industry’s prospects over the medium term due to what they believe would be the lingering economic impact of the coronavirus pandemic, according to a central bank poll during the second half of last…

by Lawrence Agcaoili (The Philippine Star), 7 Jan 2021 MANILA, Philippines — The Philippines is likely to be the last country in Asia-Pacific to fully recover from the pandemic-induced recession, with recovery seen only in the fourth quarter of 2022 while other economies are set to regain all of their lost output by the end…

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