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Louise Maureen Simeon
Louise Maureen Simeon
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Government warns against housing syndicates
by Louise Maureen Simeon - May 12, 2021 - 12:00am
The government has cautioned the public from buying property “rights” as such may be a trap done by squatting syndicates.
Q1 GDP slumps 4.2%
by Louise Maureen Simeon - May 12, 2021 - 12:00am
The country’s road to recovery hit another snag as the Philippines remained in recession in the first quarter, with gross domestic product contracting by a weaker-than-expected 4.2 percent amid a resurgence...
IFC, equity firms invest P12 billion in Cebu Pacific
by Louise Maureen Simeon - May 11, 2021 - 12:00am
Budget carrier Cebu Pacific has secured $250 million through the issuance of convertible bonds to the private sector arm of the World Bank Group and an American private equity firm.
E-commerce lifestyle shift likely permanent
by Louise Maureen Simeon - May 10, 2021 - 12:00am
The shift to buying goods online will likely be a lasting lifestyle as the pandemic has significantly changed retail behavior in Asia Pacific and the rest of the world, a global survey showed.
Q1 GDP to disappoint
by Louise Maureen Simeon - May 10, 2021 - 12:00am
Gross domestic product likely inched up 0.8 percent in the January to March period, according to London-based think tank Capital Economics.
Factory output slumps in March
by Louise Maureen Simeon - May 8, 2021 - 12:00am
Factory output dropped at a quicker pace in March, the fastest decline in six months, according to the Philippine Statistics Authority.
Philippine exports, imports bounce back in March
by Louise Maureen Simeon - May 8, 2021 - 12:00am
The country’s trade of goods jumped in March from February, with both imports and exports posting significant upticks following the slight reopening of the economy.
Jobless rate down to 7.1% in March
by Louise Maureen Simeon - May 7, 2021 - 12:00am
The number of unemployed Filipinos last March declined to its lowest level since the start of the pandemic last year, the Philippine Statistics Authority said.
Revised pork tariff rates await Duterte’s signature
by Louise Maureen Simeon - May 7, 2021 - 12:00am
Following the compromise reached between the Senate and the government’s economic managers, the revised tariff rates and volume for pork imports are now awaiting President Duterte’s signature.
ADB, South Korea to co-finance $700 million for climate projects
by Louise Maureen Simeon - May 6, 2021 - 12:00am
Manila-based Asian Development Bank and South Korea are co-financing $700 million worth of projects in the region over the next three years.
World Bank to fund $1.8 billion Philippines projects
by Louise Maureen Simeon - May 6, 2021 - 12:00am
The World Bank is expected to approve $1.84 billion in loans to finance nine projects in agriculture, education, tourism and flood mitigation in the Philippines.
ADB funnels $3 billion aid to private sector
by Louise Maureen Simeon - May 6, 2021 - 12:00am
Manila-based Asian Development Bank has allocated nearly $3 billion last year to help the private sector cope with the pandemic.
Inflation steady at 4.5% in April
by Louise Maureen Simeon - May 6, 2021 - 12:00am
Inflation steadied at 4.5 percent in April despite the continued hike in meat prices as this was offset by lower costs in other food items, the Philippine Statistics Authority said.
Carbon tax to aid Philippine’s green recovery
by Louise Maureen Simeon - May 5, 2021 - 12:00am
Imposing a carbon tax in the Philippines will significantly help the country and the region address further risks of climate change and will aid in the long-term recovery from the pandemic.
Philippines wants ADB to expand lending
by Louise Maureen Simeon - May 5, 2021 - 12:00am
The Philippines is urging Manila-based Asian Development Bank to expand its loan portfolio in developing countries, including the Philippines, to help expedite economic recovery amid the pandemic.
Funding for COVID-19 measures to reach P2.5 trillion this year
by Louise Maureen Simeon - May 4, 2021 - 12:00am
The government’s economic response to the COVID-19 pandemic is seen reaching P2.5 trillion this year.
ADB urges countries to lessen dependence on foreign borrowings
by Louise Maureen Simeon - May 4, 2021 - 12:00am
Developing countries in the Asia Pacific region, including the Philippines, should focus on boosting the mobilization of their domestic resources and reduce dependence on foreign borrowings moving forward.
National ID system fixed after glitch
by Louise Maureen Simeon - May 4, 2021 - 12:00am
Socioeconomic Planning Secretary Karl Chua assured the public of system improvements on the online registration for the national ID following the technical glitch in its pilot run.
Global business sentiment improving but firms still cautious
by Louise Maureen Simeon - May 3, 2021 - 12:00am
Businesses all over the globe have become more optimistic as COVID-19 vaccines are rapidly deployed, but many remain cautious with the virus proving to be unpredictable.
Fast-track e-vehicle development bill, says PIDS
by Louise Maureen Simeon - May 3, 2021 - 12:00am
The passage of a bill on developing electric vehicles should be fast-tracked amid the sector’s potential for growth, especially as the country recovers from the pandemic in a green and sustainable manner, the...
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