Czeriza Valencia
Czeriza Valencia
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ADB sees Philippines growth slowing sharply to 2%
by Czeriza Valencia - April 4, 2020 - 12:00am
The country’s growth is expected to significantly slow this year to two percent, but prospects of a strong rebound to 6.5 percent in 2021 loom if the spread of the COVID-19 disease is curbed by June, according...
Partial lifting of ECQ mulled
by Czeriza Valencia - April 3, 2020 - 12:00am
A partial lifting of the Luzon-wide enhanced community quarantine is being considered by the government technical working group in charge of formulating the analytical model for deciding on changes to the lockdown...
Factory output declines to record low in March
by Czeriza Valencia - April 2, 2020 - 12:00am
Philippine manufacturing conditions declined sharply to a record low in March as the enforcement of the enhanced community quarantine in Luzon caused several factory shutdowns, according to the latest Manufacturing...
Philippines bond issuances slow down in Q4
by Czeriza Valencia - March 28, 2020 - 12:00am
The local currency bond market declined by 0.8 percent quarter-on-quarter in the fourth quarter of 2019 as government issuances fell, according to the latest Asia Bond Monitor of the Asia Development Bank.
NEDA pushes 3-phase program to prevent political, social crisis
by Czeriza Valencia - March 25, 2020 - 12:00am
The National Economic and Development Authority is urging a well-coordinated balance in government response to the coronavirus disease 2019 or COVID-19 crisis to prevent the public health emergency from becoming...
NEDA warns of lower to negative GDP growth
by Czeriza Valencia - March 25, 2020 - 12:00am
The prevailing coronavirus disease 2019 or COVID-19 crisis will likely slow down Philippine economic growth this year to a range of between negative 0.6 up to 4.3 percent this year, if the adverse impact of the contagion...
Philippine economy to barely grow in 2020 — Capital Economics
by Czeriza Valencia - March 23, 2020 - 12:00am
The Philippine economy is expected to “barely grow at all in 2020 as a whole,” but is expected to rebound strongly in 2021 to register a growth rate of 8.5 percent, said London-based Capital Economi...
Economy seen to contract in Q2
by Czeriza Valencia - March 21, 2020 - 12:00am
The Philippine economy may be headed toward a sharp contraction in the second quarter as the Luzon-wide community quarantine puts a damper on consumption growth, according to London-based think tank Capital Eco...
Global recession more likely as COVID spread prolongs disruption
by Czeriza Valencia - March 18, 2020 - 12:00am
A global recession is now becoming more likely as the rising number of cases of COVID-19 worldwide lead to greater disruption and aggressive market selloff, Oxford Economics said.
Wholesale prices of building materials in NCR drop in February
by Czeriza Valencia - March 18, 2020 - 12:00am
Growth in the wholesale prices of building materials in the National Capital Region slowed down in February, snapping a brief uptick in January, the Philippine Statistics Authority reported.
ADB approves $3 million grant to Philippines to fight virus
by Czeriza Valencia - March 16, 2020 - 12:00am
The Asian Development Bank has approved a $3 million grant to support the government’s efforts to curb the spread of the coronavirus disease 2019 or COVID-19, including the purchase of emergency medical supplies...
Fresh round of rate cuts expected from Asia-Pacific central banks
by Czeriza Valencia - March 15, 2020 - 12:00am
Recent policy rate cuts in developed countries, combined with the slump in global oil prices, will likely prompt a fresh round of policy easing in several countries in the Asia Pacific region, said IHS Markit.
Growth outlook further slashed to 4.5%
by Czeriza Valencia - March 14, 2020 - 12:00am
Economic growth may slow down to 4.5 percent or lower this year as the Metro Manila-wide community quarantine can be expected to dampen economic activity, said London-based think tank Capital Economics.
ADB offers $200 million financing for firms fighting COVID-19
by Czeriza Valencia - March 13, 2020 - 12:00am
The Asian Development Bank announced yesterday that it is making available $200 million in supply chain financing for companies manufacturing and distributing personal protective equipment and medicines essential...
Faster export growth narrows trade gap in January
by Czeriza Valencia - March 11, 2020 - 12:00am
The country’s trade deficit narrowed by 10.7 percent in January to $3.50 billion as the growth of exports significantly outpaced the growth in imports, the Philippine Statistics Authority reported yesterday....
FMIC sees Q1 GDP growth lower by 0.8 ppt
by Czeriza Valencia - March 10, 2020 - 12:00am
Economic growth in the first quarter of the year may be reduced by as much as 0.8 percentage point because of the lingering effects of the Taal Volcano explosion and the transmission of the COVID-19 disease, said...
Conventional policy not enough to address virus fallout — study
by Czeriza Valencia - March 9, 2020 - 12:00am
Conventional policy response may not be sufficient to address the economic fallout from the spread of the new coronavirus disease, according to UK-based Oxford Economics.
Construction activity slows in Q4 – PSA
by Czeriza Valencia - March 8, 2020 - 12:00am
Building activity slowed down in the fourth quarter of 2019 as fewer residential units were built, according to the Philippine Statistics Authority.
Factory output remains weak in January- PSA
by Czeriza Valencia - March 7, 2020 - 12:00am
Factory output remained weak in January as 11 major industry groups reported a decline in production, the Philippine Statistics Authority said.
ADB: COVID-19 to significantly shave off growth in most of Asia
by Czeriza Valencia - March 7, 2020 - 12:00am
The outbreak of coronavirus disease 2019 could shave off between 0.2 to 0.5 percentage point of the economic output in developing Asia – excluding China – as the impact will be “significant”...
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