[ad_1] MANILA, Philippines – The Philippines’ return to pre-pandemic economic growth levels will take longer than expected, and next year’s expansion is likely to continue to be limited by downside risks, including challenges to vaccine distribution. against coronavirus. Thus concluded economists and investment managers who spoke in an online forum …
Read More »Traffic jams speed up resolution seeking Senate review of toll road contracts
[ad_1] TOLL HOLIDAY An employee of the City of Valenzuela Public Safety Division informs motorists passing by the Mindanao Avenue toll booth that Valenzuela Mayor Rex Gatchalian has suspended the North Expressway operator’s business permit due to its flawed implementation of the electronic toll collection system. —GRIG C. MONTEGRANDE MANILA, …
Read More »Global Oil and Gas CAPEX Market Outlook 2020-2025
[ad_1] DUBLIN, December 8, 2020 / PRNewswire / – Added report “Oil and Gas CAPEX Outlook: Growth, Trends and Forecasts (2020-2025)” ResearchAndMarkets.com’s offering. Oil & Gas CAPEX is expected to grow at a CAGR of over 8.4% during the forecast period. Factors, such as strong profitability following a trend to …
Read More »Pope Francis endorses the Council for Inclusive Capitalism – Quartz
[ad_1] Capitalism has been condemned for many of the world’s ills, from huge income inequality to climate change. But self-interest was not the central idea of the economic system first codified by Adam Smith in the 18th century.. Greed joined capitalism in the 1980s, fueled in large part by Nobel …
Read More »Nlex looks for options to fix flaws in cashless scheme
[ad_1] After its business permit in the city of Valenzuela was suspended, Nlex Corp. said Tuesday that it will “implement various measures to resolve” the issues raised and “protect” its customers and stakeholders. Nlex Corp. president Luigi L. Bautista said his group is currently evaluating the resource needed to fix …
Read More »The World Bank expects a GDP reduction of 8.1% in 2020 – The Manila Times
[ad_1] The World Bank cut its growth projection for the Philippine economy even further this year after taking into account continued contraction in the third quarter and losses suffered by recent typhoons. In its Philippines Economic Update (PEU) report on Tuesday, the Washington-based financial institution said that gross domestic product …
Read More »One more for Cone | Business mirror
[ad_1] From the beginning, Tim Cone finds himself on familiar ground. Like fish in the water. That’s the incontrovertible truth in the ongoing seven-game series between Cone’s Barangay Ginebra and Bong Ravena’s TNT at the University of Angeles Foundation gym in Pampanga. The highly favored Cone is one game away …
Read More »‘CREATE could attract $ 7-10 billion in new investment in 2021’
[ad_1] As the enactment of the Corporate Recovery and Business Tax Incentives (CREATE) looms, the Chairman of the House Ways and Means Committee said Tuesday that the proposal could spur up to $ 7 billion to $ 10. billion in additional new foreign investment in 2021 alone and at least …
Read More »Job losses driving 3 million Filipinos into poverty
[ad_1] WITH a quarter of the breadwinners in the Philippines out of work in 2020 due to Covid-19, the World Bank expects nearly 3 million Filipinos to fall into poverty by the end of this year. According to the Philippine Economic Update (PEU), the World Bank said growth is expected …
Read More »World Bank sees worse contraction for PH economy due to viruses and typhoons
[ad_1] Commercial establishments along the banks of the Marikina River continue to clean up on November 20, 2020, as the local government provides dump trucks, excavators and haulers to clear the main roads. Jonathan Cellona, ABS-CBN News MANILA – The World Bank further downgraded its 2020 economic outlook for the …
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