BUSINESS/ECONOMY, covid-19, COVID-19 NEWS UPDATES PHILIPPINES, HEADLINES

PH Gross Domestic Product (GDP) suffers 16.5-percent decline

Palace resolve to recover from recession remains strong

roque 2

Malacañang remains optimistic that the Philippines can soon recover after it officially entered a recession with a 16.5 percent economic plunge in the second quarter due to coronavirus disease 2019 (Covid-19) related lockdowns.Presidential Spokesperson Harry Roque said that… Read More

House leader pushes for economic reforms to fight recession

 MANILA – The chairman of the House Ways and Means Committee on Thursday stressed the need to pass economic reforms that will enable more investments to enter the country after plunging into pandemic-induced recession in the first half of the year.In a statement, Albay Rep. Joey Salceda, panel… Read More

Controlling pandemic key to economic recovery: solons

MANILA – Several senators said on Thursday controlling the coronavirus disease (Covid-19) pandemic is key to improving the economy, following the 16.5-percent decline in the country’s gross domestic product (GDP) in the second quarter from a year ago.In a statement, Senate President… Read More

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