Czeriza Valencia
Czeriza Valencia
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WB: Philippines recovery to trail rest of the world
by Czeriza Valencia - November 27, 2020 - 12:00am
The Philippines may not be able to get out of the pandemic-induced slump until the health crisis has passed over most of the world, the World Bank said yesterday.
Growth to resume only by 2022
by Czeriza Valencia - November 26, 2020 - 12:00am
Growth will likely return to its pre-pandemic trajectory by the middle of 2022 when the economy has fully adapted to interventions and precautions implemented in line with its reopening, according to acting Socioeconomic...
Pernia flags government COVID-19 underspending
by Czeriza Valencia - November 24, 2020 - 12:00am
Former Socioeconomic Planning Secretary Ernesto Pernia took a swipe at the government yesterday for continuing to underspend amid the pandemic, saying fears of erosion of credit ratings are “unfounded.&rd...
Digital transformation seen to improve Metro Manila economy
by Czeriza Valencia - November 23, 2020 - 12:00am
Digital transformation will continue to play a stronger role in the growth and recovery of Metro Manila’s economy amid the pandemic, the National Economic and Development Authority said on Friday.
Pandemic seen to give rise to low interest rate regime
by Czeriza Valencia - November 22, 2020 - 12:00am
The prevailing pandemic will give rise to a period of ultra-low interest rates to support economies as they recover from scarring caused by the crisis, according to Capital Economics.
Further rate cuts expected as Philippines struggles with recovery
by Czeriza Valencia - November 21, 2020 - 12:00am
The Bangko Sentral ng Pilipinas can be expected to slash interest rates further next year as the pace of recovery remains weak, Capital Economics said.
Local banks remain resilient amid pandemic — economist
by Czeriza Valencia - November 21, 2020 - 12:00am
The domestic banking sector is proving to be resilient in any economic condition, defying the broad-based decline across sectors amid the pandemic, an economist of the Ateneo de Manila University said.
ADB provides $20.3 million grant for vaccine deployment
by Czeriza Valencia - November 18, 2020 - 12:00am
The Asian Development Bank will provide $20.3 million in technical assistance grants to help developing member-countries prepare for the deployment of vaccines against COVID-19.
Vaccine impact on global recovery to be uneven
by Czeriza Valencia - November 16, 2020 - 12:00am
As markets worldwide cheered the announcement last week of a COVID-19 vaccine breakthrough by American drug maker Pfizer-BioNtech, London-based Capital Economics said the impact of a successful vaccine on recovery...
BSP under pressure to slash policy rates
by Czeriza Valencia - November 15, 2020 - 12:00am
The Bangko Sentral ng Pilipinas will likely be under pressure to cut rates next week due to the steep decline in economic output in the third quarter, a foreign think tank said.
Easier access to weather data for farmers pushed
by Czeriza Valencia - November 13, 2020 - 12:00am
State-run think tank Philippine Institute for Development Studies is urging the weather bureau to ease barriers to access and utilization of its weather and climate information especially for farmers.
GDP shrinks at slower pace
by Czeriza Valencia - November 11, 2020 - 12:00am
The Philippine economy shrank at a less severe pace in the third quarter, coming off a record nosedive in the second quarter, following the easing of mobility restrictions and reopening of more businesses.
Economic contraction in Q2 worse at 16.9%
by Czeriza Valencia - November 10, 2020 - 12:00am
Economic output in the second quarter was found to have declined at a faster rate of 16.9 percent from preliminary estimates of 16.5 percent, the Philippine Statistics Authority reported yesterday.
GDP likely contracted by 11.5% in Q3
by Czeriza Valencia - November 9, 2020 - 12:00am
Economic output in the third quarter likely contracted at a slower pace of 11.5 percent coming from a record contraction in the second quarter, according to UK-based market intelligence company IHS Markit.
World Bank, IMF postpone annual meetings
by Czeriza Valencia - November 8, 2020 - 12:00am
The World Bank Group and the International Monetary Fund announced that the annual meetings scheduled to take place in Marrakesh, Morocco in October 2021 will be postponed to 2022 because of the still raging p...
National ID seen to help minimize electoral fraud
by Czeriza Valencia - November 8, 2020 - 12:00am
Election fraud can be minimized or even prevented through the National ID system which is now being rolled out, the Philippine Statistics Authority said.
Inflation picks up to 2.5% in October
by Czeriza Valencia - November 6, 2020 - 12:00am
Consumer prices rose at a faster pace last month, driven by higher food and transport costs, the Philippine Statistics Authority (PSA) said yesterday.
Exports rise for 1st time in 8 months
by Czeriza Valencia - November 5, 2020 - 12:00am
Exports rose in September, the first time since February, boosted by demand from China which is already recovering from the pandemic, the Philippine Statistics Authority reported yesterday.
Factory conditions worsen
by Czeriza Valencia - November 4, 2020 - 12:00am
Manufacturing conditions deteriorated anew in October as a renewed drop in consumer demand affected factory production, global research firm IHS Markit said.
Localized weather advisory to reduce losses in agriculture, fisheries
by Czeriza Valencia - November 3, 2020 - 12:00am
Disseminating localized weather advisory specific to agriculture will help cut losses in the output of smallholder farmers and fishers during extreme weather, according to an agriculture expert.
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