PH | PH investors brace for impact of US elections

As America votes on the presi­dency this week—choosing between incumbent Donald Trump and challenger Joe Biden—investors are bracing for the spillover effect on local financial markets this week.Nicholas Mapa, economist at ING Philippines, said knee-jerk reaction to a possible Biden presidency after the Nov.3 elections would be negative for local markets, as US […] The […]

PH | PH needs to step up fiscal support vs COVID-19 in 2021

The Philippines needed to step up fiscal support for its COVID-19 war chest next year as private-sector demand for financing would rise alongside economic recovery such that the government could not rely on the central bank’s assistance as much as it did this year, the Washington-based Institute of International Finance (IIF) said.In a webinar […] […]

PH | PH military shifts to disaster response in areas hardest hit by Typhoon Rolly

MANILA, Philippines—The military has shifted operations from internal security to disaster response in the Bicol region where Category 5 Typhoon Rolly (international name Goni) left a wide swath of destruction.Capt.Jonathan Zata, Armed Forces of the Philippines public affairs chief, said Joint Task Force Bicolandia had shifted to “search, retrieval and rescue operations mode.” He said […]

PH | PH among most vulnerable countries to COVID-19 impact

While the Philippines has been doing quite well in dealing with the pandemic, UK-based Oxford Economics said the country’s exposure to the global economy and shortcomings in health response made it among the five countries deemed most vulnerable to COVID-19 impact.The four others are Spain, Mexico, the United States and Brazil, according to the […] […]