MANILA, Philippines—The share of the national government’s debt to gross domestic product (GDP) climbed to 48.1 percent at the end of the first half of the year as the economy fell into a recession while payables surged to a new high in June, Department of Finance (DOF) data released on Friday (Aug. 7) showed. Based […]
Almost a third of Filipinos now have financial accounts, up from slightly less than one-fourth of the population only two years ago — a level that is expected to rise further due to the government-imposed lockdown to fight the coronavirus pandemic, the central bank...
Mody Llamas Jr. and Sam Verzosa MANILA, Philippines — A new breed of leaders in the automotive industry — in a “Changing of the Guards” — are out to energize the luxury car sector in the Philippines. At the helm now is businessman Dennis Uy, a key figure from Davao...
MANILA, Philippines — The COVID-19 pandemic will take its toll on economies across East Asia and the Pacific, and the Philippines was no exception given its reliance on tourism and trade, the World Bank said in a report Tuesday. The Washington-based lender’s report...
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