Digital banks can help boost the economic recovery in the Philippines, according to BSP. BSP — The Bangko Sentral ng Pilipinas said on Wednesday that digital banks, along with traditional banks, can help boost the country’s economic recovery from the pandemic as it pushed for a “tech-savvy” economy. Digital banks were financial institutions without physical … Read more
Numerous Philippine Businesses Struggle Due to Age Restriction Policy Amid COVID-19 Pandemic Some businesses in the Philippines are already struggling due to the age restriction policy in compliance with the health protocols. Several businesses and entrepreneurs along Metro Manila are struggling due to age restrictions. The pandemic task force guidelines prohibit children 15 years old … Read more
An extended travel ban imposed by the Philippines will have a “negative impact” on the economy, according to a Chinese Ambassador. The Chinese Ambassador on Tuesday said at the 5th Association for Philippine-China Understanding (APCU) forum in Ortigas, Pasig City, that an extended travel ban imposed by the Philippines will have a “negative impact” on … Read more
ING Bank analyst on Friday said that a 2019 novel coronavirus posed a drag on the global economy, giving central banks — including the Philippines — room to cut interest rates. This, as the world commodity prices will remain “depressed” because of weak demand from China, according to ING Bank analyst Nicholas Antonio Mapa. He … Read more
Global equity markets on Thursday tumbled, beating oil prices and inverting a closely watched bond indicator as investors worried about China. The World Health Organization (WHO) declared a global emergency as the number of people who were infected by the 2019 novel coronavirus surpassed 8,100 people in 18 countries globally. According to Tedros Adhanom Ghebreyesus, … Read more