Czeriza Valencia
Czeriza Valencia
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Inflation lowest in 6 months
by Czeriza Valencia - June 6, 2020 - 12:00am
Prices of basic goods and services rose at their slowest pace in six months last May, weighed down by the falling cost of transportation, food and beverages, and clothing and footwear, the Philippine Statistics Authority...
Manufacturing output weakest in 19 years
by Czeriza Valencia - June 6, 2020 - 12:00am
Factory output declined to its weakest level in 19 years in April, the first full month of the imposition of the Luzon-wide enhanced community quarantine that severely restricted the movement of people and production...
Amid ECQ, jobless rate hits record 17.7%
by Czeriza Valencia - June 6, 2020 - 12:00am
Some 7.3 million Filipinos were jobless in April – the combined result of restrictions in mobility attributed to the coronavirus crisis and the delayed entry of young workers in the labor force – as the...
Pledged funds drop
by Czeriza Valencia - June 5, 2020 - 12:00am
Foreign investment pledges cleared by six of the country’s investment promotion agencies fell to P29.4 billion in the first quarter, in part because no commitments were approved by the Board of Investments...
Factory activity declines slightly in May
by Czeriza Valencia - June 2, 2020 - 12:00am
Manufacturing activity in the country declined at a softer pace in May as subdued recovery was seen in output and new orders amid the easing of restrictions in areas outside of Metro Manila, according to the latest...
Philippines gets additional $500 million loan from World Bank
by Czeriza Valencia - May 30, 2020 - 12:00am
The World Bank has approved a fresh $500-million loan to the Philippines to help the country fund its social assistance and wage subsidy programs for small and medium enterprises amid the coronavirus pandemic.
Rules set on equity for firms
by Czeriza Valencia - May 29, 2020 - 12:00am
The proposed equity infusion by the government for large companies hit hardest by the pandemic will come with conditions meant to promote the prudent use of resources.
Reforms sought for ‘new normal’
by Czeriza Valencia - May 29, 2020 - 12:00am
The country’s economic managers will work on 11 structural reforms over the next 12 months to support the so-called new normal of economic activity amid the prevailing coronavirus pandemic.
ADB lends $400 million to boost Philippines capital markets
by Czeriza Valencia - May 27, 2020 - 12:00am
The Asian Development Bank has approved a $400-million policy-based loan to support the Philippine government’s efforts to strengthen its domestic capital markets.
Subdued global demand seen for semiconductors
by Czeriza Valencia - May 23, 2020 - 12:00am
Global demand for semiconductors, a top export of the Philippines, will be subdued this year despite the brief recovery in the first quarter as end-market demand will remain weak, said UK-based Oxford Economics...
Inflation for poorest households accelerates
by Czeriza Valencia - May 22, 2020 - 12:00am
Consumer prices for the country’s poorest households continued to rise in April as families outside Metro Manila felt the pinch, the Philippine Statistics Authority said yesterday.
Global healthcare spending seen to fall
by Czeriza Valencia - May 21, 2020 - 12:00am
Despite massive resources being poured by governments worldwide into the coronavirus disease 2019 or COVID-19 response, healthcare expenditures are expected to fall as spending for non-urgent care for other conditions...
Economic recovery seen faster in Asia
by Czeriza Valencia - May 20, 2020 - 12:00am
Emerging Asia economies are likely to recover faster from the pandemic compared with other regions in the world, said London-based think tank Capital Economics.
COVID to spur more regional supply chains
by Czeriza Valencia - May 18, 2020 - 12:00am
The world will see the formation of shorter business supply chains and stronger e-commerce platforms for the distribution of products to consumers as economies transition to the so-called new normal, according to...
Pandemic could cut off 9.7% of global GDP
by Czeriza Valencia - May 18, 2020 - 12:00am
The global economy could incur losses of as much as $8.8 trillion, equivalent to 9.7 percent of global gross domestic product if it will take as long as six months to contain the spread of the coronavirus disease...
Ongoing, shovel-ready projects get priority in restart
by Czeriza Valencia - May 17, 2020 - 12:00am
Ongoing major infrastructure projects and those ready for implementation will be prioritized in the resumption of the Build Build Build program under the so-called new normal, acting Socioeconomic Planning Secretary...
Travel, tourism sectors lead relief package list
by Czeriza Valencia - May 17, 2020 - 12:00am
The tourism and travel industries are among the “easy candidates” for the provision of guarantees and equity infusion by the government as part of its economic recovery plan, acting Socioeconomic Planning...
Philippines remains competitive as BPO destination — Chua
by Czeriza Valencia - May 16, 2020 - 12:00am
The Philippines would remain as an attractive destination for business process outsourcing post-pandemic due to competitive wages and a mature BPO sector, acting Socioeconomic Planning Secretary Karl Chua said...
Government economic team sees deeper GDP slump
by Czeriza Valencia - May 14, 2020 - 12:00am
The inter-agency Development Budget Coordination Committee has further lowered its gross domestic product projection this year as the economy continues to suffer from the impact of the coronavirus disease 2019 or...
‘Banks well positioned vs financial crisis’
by Czeriza Valencia - May 13, 2020 - 12:00am
The economic slump in Asia will not likely lead to a financial crisis as banks remain well-positioned to absorb losses arising from bad loans, said London-based Capital Economics.
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