by ev3v4hn | Aug 13, 2020 | Business News
The central bank has put its foot down against lawmakers’ proposals to grant loan borrowers a blanket one-year halt to debt payments as part of a broader relief package being deliberated by Congress in response to the COVID-19 pandemic. In a strong statement delivered on Thursday (Aug. 13), Bangko Sentral ng Pilipinas (BSP) Governor Benjamin […]
by ev3v4hn | Aug 10, 2020 | Business News
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...
by ev3v4hn | Aug 8, 2020 | Business News
The Palawan local government has joined a short list of areas that are “open to hosting” a nuclear power plant, Energy Secretary Alfonso Cusi said, even as the Philippines is practically still approaching square one toward the use of the socially sensitive technology....
by ev3v4hn | Aug 7, 2020 | Business News
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...
by ev3v4hn | Aug 6, 2020 | Business News
The head of the country’s central bank said on Thursday (Aug. 6) that the worst is over for the Philippine economy, after the government announced that economic growth declined by at least 16.5 percent, the worst since 1985, due to the COVID-19 pandemic. Bangko...
