The Philippines has weathered more than its fair share of crises, but COVID-19 is proving to be much more than a formidable challenge. The worst contraction in gross domestic product since World War II, a 15-year high in unemployment and a mounting death toll from the highly contagious disease are just some of the grim…
The prolonged coronavirus pandemic will continue to exact a toll on people and businesses, but amid the rubble, the property sector is in a good position to rebound in 2021, property consulting veteran David Leechiu said. “The property market has been extremely resilient—one of the most resilient in the world and it’s sustained by a…
The additional P27.5-billion equity infused into state-run Land Bank of the Philippines (Landbank) will be injected into existing and upcoming loan programs for small businesses badly hit by the pandemic-induced recession, an official said. In a telephone interview on Wednesday, Landbank vice president and corporate affairs group head Vivian Cañonero said the Bayanihan to Recover…
LINGAYEN, PANGASINAN—Tourists outside the Ilocos region are now allowed to visit Pangasinan after the provincial government eased travel restrictions this week. Gov. Amado Espino III issued an executive order removing the travel authority and medical certificates from the required documents when entering the province. But Espino asked tourists to check their destinations as some local…