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IMF trims GDP growth forecast for Philippines to 5.4%

By Lawrence Agcaoili | 8 days ago

The International Monetary Fund now expects a slower economic recovery for the Philippines this year as it slashed its gross...

Business

IMF urges BSP not to delay recognition of losses, restructuring of NPLs

By Lawrence Agcaoili | 74 days ago

A prompt loss recognition and non-performing loan restructuring may help Philippine banks prevent sharp deleveraging and recover...

Business

Philippines at risk of inclusion in FATF’s grey list

By Lawrence Agcaoili | April 12, 2021 - 12:00am

The Philippines is in danger of being included anew in the grey list of Paris-based dirty money watchdog Financial Action Task Force if it fails to enact the amendments to the country’s bank secrecy laws, according...

Business

IMF warns more funding needed to safeguard global economy

By Heather Scott | 76 days ago

Warning that the recovery from the pandemic crisis is not yet over, the IMF on Thursday called on policymakers to continue...

Business

IMF projects stronger 2021 growth amid pandemic rebound

By Heather Scott | 78 days ago

Accelerated vaccinations and a flood of government spending, especially in the United States, have boosted the outlook for...

Business

IMF raises Philippines GDP forecast

By Lawrence Agcaoili | 79 days ago

The International Monetary Fund has raised its 2021 economic growth forecast for the Philippines to 6.9 percent from the original...

Business

Yellen defends IMF reserve increase aimed at poor nations

91 days ago

US Treasury Secretary Janet Yellen on Wednesday defended the IMF's move to boost its reserve offerings, calling the increased...

Business

US stimulus offers 'significant' boost to global economy — IMF

104 days ago

US President Joe Biden's massive stimulus program is expected to boost US economic growth and also help to spur the global...

Business

‘Deeper decline, slower rebound’

By Lawrence Agcaoili | 149 days ago

The International Monetary Fund now expects a deeper economic contraction for the Philippines as the country continues to...

Business

Global economic recovery from COVID-19 'remains difficult': IMF

By Delphine Touitou | 217 days ago

The global economy faces a hard road back from the Covid-19 downturn, and nations should remove trade barriers on medical...

Business

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Delicate recovery prompts BSP to keep ultra-low interest rates

The fragility of the economy’s recovery from a pandemic-led crash convinced the Bangko Sentral ng Pilipinas to keep rates at record-low on Thursday.

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Locsin eulogizes 'brave, incorruptible' PNoy as DFA lauds foreign policy legacy

Foreign Affairs Secretary Teodoro Locsin Jr. on Thursday grieved the death of former President Benigno Aquino III whom he remembered as "brave" and "indifferent to power and its trappings."

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Debt could trap low-income nations in poverty — report

A lasting divide risks emerging between rich and poor countries if the rising debt burden of low-income and emerging nations is not tackled, a report warned Thursday.

18 hours ago

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DOT renews deal with PCMC for 2nd phase of subsidized COVID-19 tests for tourists

The Department of Tourism and its attached agency Tourism Promotion Boards are set to roll out the second phase of the RT-PCR test financial subsidy program for domestic tourists.

1 day ago

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Locsin: South China Sea ruling a 'North Star' that 'benefits the world'

Foreign Affairs Secretary Teodoro Locsin Jr. on Tuesday night asserted that Manila's arbitral in the West Philippine Sea is "final" and "benefits the world" ahead of its fifth anniversary next month.

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February 12, 2018
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