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Vaccination to lead to economic recovery by fourth quarter: presidential adviser

ABS-CBN News
Posted at Mar 04 06:28 PM

A rapid vaccination drive in the second and third quarters will lead to economic recovery by the fourth quarter, Presidential Adviser for Entrepreneurship and Go Negosyo founder Joey Concepcion said Thursday.   Read more »

PH economy seen growing 9.6% this year despite delayed vaccination program

Warren de Guzman, ABS-CBN News
Updated as of Mar 04 02:48 AM

MANILA - The Philippine economic recovery post-COVID is expected to start off with a near 10 percent rebound in GDP growth this year, but there are few roadblocks to growth.  Read more »

What Japan-trained farmer sees in future of Philippine agriculture

Stanley Buenafe Gajete, Kyodo News
Posted at Mar 02 11:13 PM

Agriculture has been the backbone of the country's economy, with more than 30 percent of the population directly or indirectly involved in this sector. Although it is a neglected sector, farmers remain committed to providing food for the growing number of Filipinos. Read more »

Workers to have smaller income, less family time due to fewer holidays: Robredo

Gillan Ropero, ABS-CBN News
Updated as of Feb 28 11:16 PM

Vice President Leni Robredo on Sunday lamented President Rodrigo Duterte's decision to declare Christmas Eve, New Year's Eve and All Souls' Day as special working days.  Read more »

Dominguez: PH needs ‘more years’ to fully recover losses from pandemic

Bruce Rodriguez, ABS-CBN News
Posted at Feb 26 07:33 PM

Finance Secretary Carlos Dominguez III said the local economy will need "more years" to go back to its pre-pandemic levels as the country continues to stagger from the impacts of COVID-19. Read more »

Financial execs 'strongly urge' passage of GUIDE bill to aid small businesses

ABS-CBN News
Posted at Feb 25 05:18 PM

A group composed of the country’s top financial executives is urging Congress to pass a bill that seeks to provide financial assistance to distressed micro, small and medium enterprises (MSMEs). Read more »

HSBC economist sees BSP raising rates next year by up to 75 basis points

ABS-CBN News
Posted at Feb 18 04:04 PM

The Bangko Sentral ng Pilipinas may raise interest rates next year by as much as 75 basis points, an HSBC economist said in an ANC interview on Thursday.   Read more »

Tom's World PH invests in extra virus measures as govt allows arcade reopening

ABS-CBN News
Posted at Feb 17 09:28 AM

An arcade operator on Wednesday said it would abide by minimum health standards after government eased restrictions and allowed cinemas and videogame facilities to reopen. Read more »

Philippines 'last' among countries in economic recovery, trade chief says

John Gabriel Agcaoili, ABS-CBN News
Updated as of Feb 16 11:46 PM

Among all economies, the Philippines is placing last in terms of resurgence from the deadly outbreak, Trade Sec. Ramon Lopez stressed, citing the country's negative growth rate of its gross domestic product (GDP). Read more »

BPOs seen hiring up to 100,000 this year; work-from-home also here to stay

ABS-CBN News
Updated as of Feb 15 04:17 PM

The business process outsourcing industry will hire between 80,000 to 100,000 employees this year, sustaining the sector's yearly recruitment numbers, an industry group said on Monday.  Read more »

Bangko Sentral keeps interest rates steady

ABS-CBN News
Updated as of Feb 11 04:33 PM

The Bangko Sentral ng Pilipinas kept interest rates steady on Thursday in line with analysts' expectations.  Read more »

One-fourth of Bayanihan 2 funds yet to be spent: Palace

Jamaine Punzalan, ABS-CBN News
Updated as of Feb 11 02:48 AM

The government has yet to spend about a quarter of the country's second, approximately P165-billion stimulus package for the COVID-19 pandemic, Malacañang said on Wednesday, adding that another cash injection remained "premature."  Read more »

PH ‘urgently’ needs to reopen economy as retrenchments pile up, employer group head says

ABS-CBN News
Posted at Feb 04 01:21 AM

According to Employers Confederation of the Philippines president Sergio Ortiz-Luis, the country "relies too much on lockdowns" and restrictions to curb the pandemic Read more »

PH full economic recovery may take 4-5 yrs: Biz leaders

Bruce Rodriguez, ABS-CBN News
Posted at Feb 03 09:03 PM

Some business leaders warned of a slowed growth for the Philippines, saying full recovery could take four to five years if the country will not relax foreign ownership and accelerate consumption. Read more »

Hontiveros: Economy wouldn’t be sinking, if gov’t set its priorities straight

ABS-CBN News
Posted at Feb 02 10:29 PM

Senator Risa Hontiveros on Tuesday said the administration should set its priorities straight if it hopes to get an ailing national economy back on its feet.   Read more »

Ayuda, tulong sa MSMEs kailangan pa para makaahon ang ekonomiya: IBON

ABS-CBN News
Updated as of Feb 03 12:37 AM

Kinakailangan pang magbigay ng tulong ayuda at suporta ang gobyerno sa mahihirap na Pilipino at maliliit na negosyo para tuluyang makarekober ang bansa mula sa epektong dulot ng COVID-19 sa ekonomiya. Read more »

Inflation slowing down, BSP likely to cut rates anew by 25 bps: economist

ABS-CBN News
Posted at Feb 02 04:48 PM

The Bangko Sentral will likely its policy rate again by at least 25 basis points to help the national government's infrastructure program and boost the economy amid the continuing impact of the pandemic, an economist said Tuesday.   Read more »

'We are sinking': Duterte says Philippines losing P2 billion daily due to COVID-19

John Gabriel Agcaoili, ABS-CBN News
Posted at Feb 01 11:05 PM

MANILA - The Philippines is losing P2 billion a day due to COVID-19, President Rodrigo Duterte said Monday, claiming the country's economy was doing well before the pandemic struck.   Read more »

Robredo urges gov't to learn from better-performing nations in COVID-19 response

Gillan Ropero, ABS-CBN News
Posted at Jan 31 02:14 PM

Vice President Leni Robredo on Sunday urged the Duterte administration to address its low ranking among countries assessed for their COVID-19 response and the country's worst GDP yet, by learning from other nations. Read more »

Positive growth for Philippines by Q2, off to 'slow start' in 2021: NEDA chief

Bruce Rodriguez, ABS-CBN News
Posted at Jan 29 07:15 PM

The Philippine economy is off to a "slow start" in 2021 and will only see positive year-on-year growth by the second quarter of the year, the country's acting socioeconomic planning official said on Friday. Read more »