The recovery of the Philippine economy from its worst postwar contraction last year is starting to gain traction as evidenced by the strength of the latest key indicators, the head of the central bank told foreign businessmen and diplomats recently. Speaking before the Joint Foreign Chambers, Bangko Sentral ng Pilipinas Governor Benjamin Diokno said economic…
The big-ticket infrastructure projects currently rolled out by the government will create an additional 1.6 million jobs this year, President Duterte’s infrastructure managers said on Wednesday. Public Works Secretary Mark Villar told the Asia Infrastructure Forum 2021 the government’s “Build, Build, Build” program had so far created as public infrastructure spending was doubled to 5…
Manufacturing sustained year-on-year growth in March, before the most stringent lockdown measures were again imposed in Metro Manila and four neighboring provinces that host economic zones and factories to contain the surge in COVID-19 infections. London-based global information provider IHS Markit Ltd. on Monday said the Philippines’ purchasing managers’ index (PMI) slightly eased to 52.2…
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…