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Subdued inflation gives PH 'a lot of elbow room' for interest rate cut: Diokno

ABS-CBN News
Updated as of May 25 04:52 PM

MANILA - Subdued inflation is giving the Philippines "a lot of elbow room" to cut interest rate if needed to cushion the impact of the coronavirus pandemic, Bangko Sentral ng Pilipinas Governor Benjamin Diokno said Monday. Read more »

Japan eyes fresh stimulus plan worth over $929B to battle pandemic: Nikkei

Leika Kihara, Reuters
Updated as of May 25 09:31 AM

Japan is considering a fresh stimulus package worth over $929 billion that will consist mostly of financial aid programs for companies hit by the coronavirus pandemic, the Nikkei newspaper said on Monday.   Read more »

China skips growth target due to virus, a first in years

Agence France-Presse
Posted at May 22 11:18 AM

China took the rare move of not setting an annual growth target this year after the coronavirus battered the world's second-largest economy and ravaged global growth, Premier Li Keqiang said Friday. Read more »

Economy to grow up to 8.1 percent in 2021 as stimulus kicks in: Finance chief

ABS-CBN News
Posted at May 19 05:55 PM

The Philippines will "bounce back" next year with gross domestic product projected to grow between 7.1 percent to 8.1 percent, Finance Secretary Carlos Dominguez said on Tuesday. Read more »

Malaysia records slowest growth since 2009 due to virus

Agence France-Presse
Posted at May 13 06:50 PM

Malaysia's economy grew at its slowest pace in more than a decade during the first three months of the year as the coronavirus pandemic battered the country, but still managed to beat forecasts, data showed Wednesday. Read more »

Economy to reopen slowly as Duterte cautions vs second wave

Arianne Merez, Jessica Fenol and Joel Guinto, ABS-CBN News
Posted at May 12 04:21 PM

The Philippines is set to identify businesses that can resume at limited capacity as it begins to ease pandemic lockdowns that caused the first economic contraction in 22 years, officials said Tuesday. Read more »

After swift virus success, Vietnam sets sights on post-pandemic business

James Pearson and Phuong Nguyen, Reuters
Posted at May 08 11:54 AM

After proclaiming success in containing the coronavirus, Vietnam is positioning itself as a safe place to do business, capitalizing on demand from international manufacturers looking to diversify their supply chains away from China. Read more »

First since 1998: Philippines GDP shrinks due to COVID-19 pandemic

ABS-CBN News
Updated as of May 07 10:45 AM

The Philippine economy, Asia's pace-setter, shrank in the January to March period after the COVID-19 pandemic put the economy in the freezer, officials said Thursday, as the nation looked to a possible recession. Read more »

Indonesia economy sees weakest growth in almost two decades

Gayatri Suroyo and Tabita Diela, Reuters
Posted at May 05 10:24 PM

Indonesia's economy grew at its weakest pace since 2001 in the first quarter, as the coronavirus pandemic halted business activity in Southeast Asia's largest economy and fuelled expectations of a looming recession.   Read more »

Philippines could lose up to P1.1 trillion due to COVID-19, NEDA chief says

ABS-CBN News
Updated as of Apr 30 07:09 PM

The country have lost some P700 billion to date, Chua said, citing studies. Read more »

Philippines revises 2019 GDP growth to 6 percent

ABS-CBN News
Updated as of Apr 20 11:21 PM

MANILA (UPDATE) - The Philippines hit its growth target last year after the government revised its calculations using 2018 as base year instead of 2000, official data released Monday showed. Read more »

China's virus-hit economy set to post first decline since at least 1992

Kevin Yao, Reuters
Posted at Apr 17 08:31 AM

China's coronavirus crisis is expected to have tipped its economy into its first decline since at least 1992, data is set to show on Friday, raising pressure on authorities to prop up growth as mounting job losses threaten social stability. Read more »

Pandemic to slow Philippine economy 'substantially,' says ADB

ABS-CBN News
Posted at Apr 03 12:48 PM

The coronavirus pandemic could "significantly" slow Philippine economic growth this year before rebounding in 2021, the Asian Development Bank said Friday. Read more »

Fitch Solutions downgrades growth outlook for Philippines due to COVID-19

ABS-CBN News
Posted at Mar 23 03:50 PM

Fitch Solutions said Monday it lowered its growth forecast for the Philippines as the coronavirus pandemic threatens major economic drivers.  Read more »

S&P: Coronavirus could erase $211-B from Asia-Pacific economies

ABS-CBN News
Posted at Mar 06 11:01 PM

More global economic growth projection downgrades as the COVID-19 outbreak continues to spread around the world. Read more »

Fitch Solutions lowers Philippines growth forecast due to virus

ABS-CBN News
Posted at Mar 03 03:05 PM

Gross domestic product will likely grow by 6 percent, down from its initial forecast of 6.3 percent, the consultancy firm said. Read more »

IMF poised to downgrade global growth projections due to COVID-19 outbreak

ABS-CBN News
Posted at Feb 28 10:31 PM

The International Monetary Fund is poised to downgrade global growth projections due to COVID-19's negative impact on economies. Read more »

BSP rethinking 2020 growth forecast amid continued threat of COVID-19

ABS-CBN News
Posted at Feb 28 12:11 AM

The expanding impact of the COVID-19 outbreak across the globe has the Bangko Sentral ng Pilipinas rethinking its initial growth forecasts and monetary policy plans. Read more »

ADB lauds reduction of poverty rate in PH

ABS-CBN News
Posted at Feb 24 10:39 PM

ADB noted that the country's poverty rate fell to 16.6 percent in 2018 from 23.3 percent in 2015 thanks to high economic growth rates.  Read more »

PH shares extend gains to close back above 7,400

ABS-CBN News
Posted at Feb 21 12:06 AM

Philippine shares climbed for a second day, along with most of Asia, even after S&P slashed its growth forecast for the Philippines this 2020. Read more »