By Romeo L. Bernardo PIKISUPERSTAR / FREEPIK I am pleased to share with readers the Executive Summary of the latest quarterly report Christine Tang and I wrote for GlobalSource Partners, a New York-based network of independent analysts, mostly former finance and central bank officials (globalsourcepartners.com). “When we flagged a looming recession back in […]
By Andrew J. Masigan All around us, businesses are closing, millions are losing their jobs, and for the first time in decades, swaths of our population are entering poverty, not escaping it. The Wuhan virus has caused havoc to our economy and around the world. But how bad is the situation exactly? Through […]
JCOMP / FREEPIK By Lionel Laurent FINDING A VACCINE against COVID-19 (coronavirus disease 2019) that works and can be distributed widely enough to help stop the pandemic is a global priority. Given the urgency, governments are doing all they can to fund research and incentivize firms to ramp up trials — pre-ordering doses, lowering regulatory […]
Meralco crews work round-the-clock to ensure safe, adequate, and reliable supply of electricity to the Solaire-PAGCOR Mega Quarantine Facility. The 525-bed center located in Paranaque City, is the biggest quarantine facility in Metro Manila and is one of the additional COVID-19 facilities to serve Metro Manila, Bulacan, and the Calabarzon Region. The said energization project […]
FACTORY OUTPUT extended its losing streak to a fifth month in July, with an 11.9% year-on-year decline in the Volume of Production Index (VoPI), the Philippine Statistics Authority (PSA) said Friday. The PSA was reporting preliminary VoPI results, which form part of the PSA’s Monthly Integrated Survey of Selected Industries. The decline was less than […]
Japanese Ambassador to the Philippines Koji Haneda expressed the hope that the Japan-backed Metro Manila subway will help the Philippines achieve a “V-shaped” economic recovery, with the project expected to generate thousands of jobs. “I hope it can help lead the Philippines to a possible V-shaped economic recovery, while it lays down the foundation for […]
THE WATER allocation for Metro Manila has been reduced to 46 cubic meters per second (cms) from 48 cms to address the declining water levels in Angat Dam, the National Water Resources Board (NWRB) said. In a mobile phone message, NWRB Executive Director Sevillo D. David Jr. said Angat Dam experienced low rainfall at its […]
Foreign borrowing to fund pandemic-containment measures hit $8.83 billion in August, the Department of Finance said Friday. “As of the end of August, the Department of Finance 9DoF) has secured a total of $8.83 billion in financing for our COVID-19 response efforts from our development partners and commercial partners,” Finance Secretary Carlos G. Dominguez III […]
The Anti-Red Tape Authority (ARTA) said Friday that its guidelines on reduced requirements for issuing government permits, which it pitched as a means of dealing with the “new normal,” were endorsed by the body enforcing pandemic regulations, the Inter-Agency Task Force on Emerging Infectious Diseases (IATF-EID). “The IATF-EID endorsed the guidelines and is set to […]
By Marissa Mae M. Ramos, Researcher and Beatrice M. Laforga, Reporter Inflation eased to a three-month low in August amid improved supply as the economy reopened from another two-week strict lockdown meant to contain a coronavirus pandemic, according to the local statistics agency. Consumer prices rose by 2.4% last month, bringing the eight-month average to […]