PH debt further rose to new high of P8.89 trillion in May

PH debt further rose to new high of P8.89 trillion in May

MANILA, Philippines — With more foreign loans and domestic borrowings availed in May to finance the fight against COVID-19, the national government’s outstanding debt stock further climbed to a fresh high of P8.89 trillion. In a report Tuesday, the Bureau of the Treasury said total outstanding obligations at end-May rose 3.4 percent from P8.6 trillion […]
Pandemic raises unemployment to 15-year high

Pandemic raises unemployment to 15-year high

Emelda Razon Aguillon, a massage therapist from Quezon City, lost her main source of income when the spa she had worked for suspended operations during the enhanced community quarantine (ECQ) in Metro Manila due to the COVID-19 pandemic. She told the Inquirer on...