IMF downgrades outlook for global economy in face of virus

IMF downgrades outlook for global economy in face of virus

In this Feb. 14, 2020, file photo, Kristalina Georgieva, Managing Director of the International Monetary Fund, attends a session on the first day of the Munich Security Conference in Munich, Germany. The International Monetary Fund has sharply lowered its forecast for global growth this year because it envisions far more severe economic damage from the […]
IMF projection: PH economy to shrink by 3.6 percent

IMF projection: PH economy to shrink by 3.6 percent

The International Monetary Fund (IMF) has further downgraded its economic outlook for the Philippines, with the Washington-based multilateral lender projecting gross domestic product (GDP) to shrink by 3.6 percent this year. The updated GDP forecast in the IMF’s World...
PH commits to signing RCEP trade pact by November

PH commits to signing RCEP trade pact by November

MANILA, Philippines — The Philippines has committed to sign an Asia-wide trade deal involving 15 countries by November. In a statement Wednesday, the Department of Trade and Industry (DTI) said trade ministers of the 10-member states of ASEAN and its free-trade...
DOJ says NBI, AMLC, BI to probe Wirecard controversy

DOJ says NBI, AMLC, BI to probe Wirecard controversy

MANILA, Philippines — Justice Secretary Menardo Guevarra on Wednesday ordered the National Bureau of Investigation (NBI) to identify certain individuals involved in alleged accounting irregularities in Wirecard AG, which reportedly lost US$2.1 billion in its purported...