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by Mary Grace Padin (The Philippine Star), 9 Sep 2020 MANILA, Philippines — Global rating agency Fitch Ratings expects the Philippines to suffer a deeper economic contraction of eight percent this year, and noted a continued erosion of the country’s fiscal buffers amid the coronavirus pandemic.
by Gabriel Pabico Lalu, Philippine Daily Inquirer, 9 Sep 2020 MANILA, Philippines — There are 40 percent of Filipinos who believe that the country’s economy would be in a more problematic state in the next 12 months compared to now, a Social Weather Stations (SWS) survey revealed.
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by Czeriza Valencia (The Philippine Star), 7 Sep 2020 MANILA, Philippines — The economy may not return to pre-pandemic growth trajectory by next year because of still rising infection rates and weakness in the recent jobs market and industrial data, according to Capital Economics.
by Lawrence Agcaoili (The Philippine Star), 4 Sep 2020 MANILA, Philippines — Moody’s Investors Service has revised to seven percent its 2020 economic contraction target for the Philippines after the country slipped into a pandemic-induced recession in the second quarter.
by Helen Flores (The Philippine Star), 22 Aug 2020 MANILA, Philippines — About four in 10 adult Filipinos expect their quality of life to worsen in the next 12 months, according to the latest survey by the Social Weather Stations (SWS).
by Bernie Cahiles-Magkilat & Chino Leyco, Manila Bulletin, 21 Aug 2020 Gov’t says worst part may be over as signs of recovery are emerging The Philippine Chamber of Commerce and Industry (PCCI), the country’s largest business organization, has warned that the country’s economic indicators are “truly disturbing” and called on the government to come up…
by Czeriza Valencia (The Philippine Star), 16 Aug 2020 MANILA, Philippines — Slower declines in economic output can be expected in the second and third quarters of the year leading to a full-year contraction of eight percent, according to a former head of the National Economic and Development Authority.
by Czeriza Valencia (The Philippine Star), 13 Aug 2020 MANILA, Philippines — The economy is expected to see a sharp contraction of between eight and nine percent this year amid the disruption caused by the pandemic, but its long-term growth prospects remain, the investment banking arm of the Metrobank Group said.
By Tyrone Jasper C. Piad, Businessmirror, 11 Aug 2020 WITH the Philippines returning to a stricter lockdown, the path to recovery of consumer spending—one of the major economic growth drivers—may be bumpy after quarantine measures ease.
by Beatrice M. Laforga, BusinessWorld, 10 Aug 2020 TWO major institutions downgraded their full-year growth forecasts for the Philippines in 2020 in the wake of the 16.5% contraction in second-quarter gross domestic product (GDP), with HSBC Research pricing in what would be a record contraction for the year of 9.6%.
By: Solita Collas-Monsod, Philippine Daily Inquirer, 8 Aug 2020 Our country has experienced negative growth for two quarters in a row in 2020 and is now technically in recession. In the first quarter of 2020, we contracted by 0.7 percent, and for the second quarter, the Philippine Statistics Authority announced another contraction—a negative 16.5 percent.…
By Anna Leah E. Gonzales, Manila Times, 7 August 2020 The interagency Development Budget Coordination Committee (DBCC) on Thursday further trimmed its economic growth forecast for this year to -5.5 percent from its earlier -2 to -3.4-percent range to take into account the worsening impact of the coronavirus crisis on tourism, trade and remittances.
by Ben O. de Vera, 7 Aug 2020 MANILA, Philippines — Without a vaccine yet to prevent COVID-19’s spread, President Duterte’s economic managers have tempered growth expectations for next year despite recovery from this year’s recession.
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by Ben O. de Vera, Philippine Daily Inquirer, 27 Jul 2020 MANILA, Philippines – The Philippines’ gross domestic product (GDP) likely slid by almost a fifth year-on-year during the second quarter at the height of the longest and most stringent coronavirus disease 2019 (COVID-19) lockdown in the region, London-based Capital Economics said.
by Ben O. de Vera, Philippine Daily Inquirer, 25 Jul 2020 The research arm of debt watcher Moody’s on Friday said that while Asia-Pacific as a whole was already leading global economic recovery, the Philippines’ COVID-19 lockdown—now the longest and most stringent in the region—would be a drag to the domestic economy.
By Melissa Luz Lopez, CNN Philippines, 24 Jul 2020 Metro Manila (CNN Philippines, July 24) — The Philippines will have trouble returning to its above-6 percent growth track in the next two years in the absence of strong spending to perk up economic activity, a bank analyst said Friday.
By ANNA LEAH E. GONZALES, Manila Times, 24 Jul 2020 The Asian Development Bank (ADB) expects the country’s gross domestic product to contract by as much as 5.3 percent this year, although it says there are encouraging signs that the worst may be over for the economy.
By Ian Nicolas Cigaral(Philstar.com), 7 Jul 2020 MANILA, Philippines — There is no chance for economic growth this year, the Bangko Sentral ng Pilipinas (BSP) chief said on Tuesday.
by Czeriza Valencia (The Philippine Star), 4 Jul 2020 MANILA, Philippines — A rapid recovery for the domestic economy may not be likely but improvement in output may be seen by this quarter, according to the investment banking arm of the Metrobank Group.
(The Philippine Star), 3 Jul 2020 MANILA, Philippines — The executive branch yesterday stood its ground that the economic stimulus packages proposed by Congress – including the P1.3-trillion ARISE Philippines bill – cannot be funded in the absence of new revenue sources.
by Ben O. de Vera, Philippine Daily Inquirer, 2 Jul 2020 MANILA, Philippines — As expected the Philippines did not move up to upper-middle-income status under the latest World Bank classification which took into consideration last year’s economic data, marked by slower domestic growth due to delayed budget approval.
By Catherine S. Valente, TMT, Manila Times, 1 Jul 2020 FINANCE Secretary Carlos Dominguez 3rd pushed for a shift of Metro Manila and Calabarzon to a modified general community quarantine (MGCQ) “as quickly as possible” to open the country’s economy amid the coronavirus disease 2019 (Covid-19) pandemic.
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By Jovee Marie de la Cruz, Businessmirror, 30 Jun 2020 A pickup truck loaded with bicycles is seen on Roxas Boulevard in Manila. As the country seeks to get its economy back on track after the devastation wrought by the coronavirus pandemic, bicycle use—which perceptibly became more popular during the lockdowns—is being encouraged as a…
IATF approves the recommendations of the economic team to further open up the economy | via @GenKabiling pic.twitter.com/dOl1RA8wfG — Manila Bulletin News (@manilabulletin) June 30, 2020
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World Day for Safety and Health at Work
“Safety and health at work every day!”
Invoke Article 33 of the ILO constitution
against the military junta in Myanmar to carry out the 2021 ILO Commission of Inquiry recommendations against serious violations of Forced Labour and Freedom of Association protocols.
Accept National Unity Government
(NUG) of Myanmar.
Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideos
Monthly Observances:
March – Women’s Role in History Month
April – Month of Planet Earth
Weekly Observances:
Last Week of March: Protection and Gender Fair Treatment of the Girl Child Week
Last Week of April – World Immunization Week
Daily Observances:
Mar 25 – International Day of Remembrance of the Victims of Slavery and the Transallantic Slave Trade
Mar 27– Earth Hour
Apr 21 – Civil Service Day
Apr 22 – World Earth Day
Apr 28 – World Day for Safety and Health at Work
