Swelling debt to slow economic momentum

The Freedom from Debt Coalition said the country’s record-high P11-trillion debt would make it difficult to revert the economy’s momentum to its pre-pandemic levels......»»

Category: financeSource: philstar philstarJul 20th, 2021

Fitch: Philippines debt ratio remains below Asian peers

The Philippines’ debt ratio remains below its peers in Asia-Pacific despite the massive fiscal responses and economic contractions caused by the COVID-19 pandemic, according to Fitch Ratings......»»

Category: financeSource:  philstarRelated NewsJul 16th, 2021

Suns not pushing panic button yet as Bucks rebound

Milwaukee—Phoenix won’t hit the panic button after squandering a two-game advantage in the NBA Finals, but the Suns will need improved ball-handling and rebounding to slow the momentum-fueled Milwaukee Bucks......»»

Category: sportsSource:  thestandardRelated NewsJul 16th, 2021

More debt watchers may revise Philippine credit outlook

More debt watchers are expected to revise their economic outlook for the Philippines from stable to negative, paving the way for a possible downgrade of the country’s credit rating before the end of the year......»»

Category: financeSource:  philstarRelated NewsJul 14th, 2021

Slow pace of COVID-19 jabs dims Philippine growth outlook

The still slow pace of COVID-19 vaccination in the country continues to dampen prospects for a strong economic recovery this year even as domestic activity is showing signs of a rebound......»»

Category: financeSource:  philstarRelated NewsJul 5th, 2021

Hamilton heads to Austrian GP facing uphill battle to revive F1 title defense

Spielberg—Lewis Hamilton faces an uphill battle to keep his title defence alive and to slow Max Verstappen’s momentum this weekend when the Formula One circus reassembles at the Red Bull Ring for Sunday’s Austrian Grand Prix......»»

Category: sportsSource:  thestandardRelated NewsJul 2nd, 2021

Stocks take a breather as investors on sidelines

Stocks failed to sustain the strong upward momentum in the past two days as investors stayed mostly on the sidelines to wait for more concrete developments on both the economic and health fronts......»»

Category: financeSource:  philstarRelated NewsJun 10th, 2021

Hot money outflow slows

More foreign portfolio investments or speculative funds were pulled out from the Philippines than what came in for the third straight month in April, but the withdrawal continues to slow down amid the improving global economic outlook and the rollout of COVID-19 vaccines, according to the Bangko Sentral ng Pilipinas......»»

Category: financeSource:  philstarRelated NewsMay 28th, 2021

Signs of recovery convince S& P to keep Philippines investment grade

Debt watcher S&P Global Ratings kept the Philippines’ investment grade rating, citing emerging signs of economic recovery that could ease the strain on the government’s balance sheet that's tarnished by the pandemic......»»

Category: newsSource:  philstarRelated NewsMay 27th, 2021

Dennis Uy still keen on casino despite swelling debt

Davao-based businessman Dennis Uy is targeting to open his maiden casino resort in Cebu before the end of the year despite the difficult business environment brought about by the COVID-19 pandemic......»»

Category: financeSource:  philstarRelated NewsMay 2nd, 2021

Nomura cuts Philippine growth forecast

Japanese investment bank Nomura slashed anew its 2021 economic growth forecast for the Philippines due to the reimposition of strict lockdown measures amid the resurgence of COVID-19 infections and the slow rollout of vaccines......»»

Category: financeSource:  philstarRelated NewsApr 29th, 2021

Philippine recovery loses momentum – think tank

The Philippines has lost momentum in recovering from the pandemic due to the reimposition of movement restrictions and must now accelerate economic activities to catch up with regional counterparts, a think tank said yesterday......»»

Category: financeSource:  philstarRelated NewsApr 27th, 2021

Government must accelerate vaccine rollout to jumpstart economic recovery – BDO

As government reimposes the enhanced community quarantine in the so-called NCR Plus bubble to slow the spread of COVID-19, the rollout of vaccines must also be accelerated to help jumpstart a laggard economy, a top bank executive said......»»

Category: financeSource:  philstarRelated NewsApr 3rd, 2021

Slow rollout threatens recovery bid& mdash;WB

The World Bank warned on Friday that slow vaccinations in the Philippines due to people’s hesitancy on the vaccines and the government’s struggle to conduct large-scale inoculations could delay economic recovery and take away 1-percentage point from the potential gross domestic product growth this year......»»

Category: newsSource:  thestandardRelated NewsMar 27th, 2021

G20 is gathering – debt justice is our demand

As the G20 meet to discuss the global economic recovery, the Debt Justice group calls for a radical break with extraction and austerity and proposes a new system in its place. The post G20 is gathering – debt justice is our demand appeared first on Bulatlat......»»

Category: newsSource:  bulatlatRelated NewsFeb 26th, 2021

Market drops on profit taking; BDO, Converge lead decliners

The stock market fell Wednesday on profit taking after rallying the previous day, weighed down by lingering impact of the pandemic and prospects of a slow economic recovery......»»

Category: financeSource:  thestandardRelated NewsFeb 18th, 2021

PH ‘sinking deeper and deeper’ into debt

MANILA, Philippines — As presidential spokesperson Harry Roque Jr. wished rigor mortis on critics of the Duterte administration, the country’s economic managers scrambled to stop the economy itself from “sinking deeper and deeper” as President Duterte himself bemoaned earlier this week. To accomplish the mission, Finance Secretary Carlos Dominguez III had earlier conceded that the […] The post PH ‘sinking deeper and deeper’ into debt appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsFeb 6th, 2021

Market cautious amid slow economic recovery outlook

Share prices are expected to move sideways this week with a downward bias as investors are starting to lose confidence on the quick recovery of the domestic economy......»»

Category: financeSource:  thestandardRelated NewsJan 31st, 2021

The pandemic and the economic cha-cha are not separate issues

With the recent move to revive the measure to amend the restrictive provisions of the Constitution, a number of arguments have surfaced to slow it down, nay, perhaps to nip it in the bud......»»

Category: financeSource:  philstarRelated NewsJan 27th, 2021

Economy likely contracted 8.5% in Q4

Economic decline in the fourth quarter of 2020 likely continued to slow down, but nonetheless remained steep because of remaining restrictions, according to London-based Capital Economics......»»

Category: financeSource:  philstarRelated NewsJan 24th, 2021

Bankers expect slow pace of economic recovery

Top bank executives are looking at a slower economic recovery this year after the country slipped into recession for the first time in more than two decades last year due to the impact of the COVID-19 pandemic, according to the Bangko Sentral ng Pilipinas......»»

Category: financeSource:  philstarRelated NewsJan 9th, 2021