BSP chief: PH economy in good position to weather pandemic

The sharp contraction of the economy in the second quarter of the year—the largest decline in the country’s history—is different from previous crises because the country is on better footing now, the head of the central bank said. In a statement, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said “inherent weaknesses” in the country’s […]

BSP chief sees no doomsday scenario in PH economy

The Philippines’ macroeconomic fundamentals remain sound despite a record contraction of gross domestic product due to the impact of the coronavirus pandemic, according to the central bank chief. Bangko Sentral ng Pilipinas Governor Benjamin Diokno said it was...