Maybank: PH economic recovery from COVID-19 still ‘nascent’

Maybank: PH economic recovery from COVID-19 still ‘nascent’

Economic recovery in the Philippines is nascent, or still emerging, as the country loosens up the most restrictive COVID-19 lockdown in Asia, according to a report of the Malaysian financial giant Maybank. “The Philippines and Indonesia are still facing high daily COVID-19 cases although there are tentative signs that the outbreak may have peaked,” said […]
Economic team slashes 2020 infra budget

Economic team slashes 2020 infra budget

MANILA, Philippines — The economic team has slashed the amount set aside to build infrastructure this year even as total expenditures on public goods and services were jacked up to better respond to the COVID-19 crisis. The latest projections of the Cabinet-level...