World

ADB cuts 2020 growth outlook to -8.5% – The Manila Times

[ad_1] The Asian Development Bank (ADB) on Thursday further lowered its growth projection for the Philippine economy this year as the country continues to fight to contain the 2019 coronavirus disease (Covid-19) pandemic, making it difficult to Recovery. In its 2020 Asian Development Outlook Update supplement, the Manila-based multilateral lender …

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PH Targets China Vaccine – Manila Standard

[ad_1] The first COVID-19 vaccines to be used in the Philippines will come from China’s Sinovac Biotech, despite the company’s history of bribing Chinese regulators from 2002 to 2011, a Palace spokesman said Thursday. CURE COVID? This December 2, 2020, file photo shows a package of Coronavac (Sinovac) vaccine. The …

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Pandemic and Recession – Manila Standard Mobile

[ad_1] “Only when vaccination programs progress can we expect the expected rebound in Southeast Asia.” Southeast Asia, the most vibrant economic region in the world until COVID-19 hit, has completely reversed its growth pattern. After years of spectacular growth rates, the individual economies of Southeast Asian nations are contracting, and …

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Gilas and Azkals maintain a place in the world rankings

[ad_1] Metro Manila (CNN Philippines, December 10) – Two of the country’s revered national sports teams retained their places on the world rankings for their respective sports, which were released Thursday. The Gilas Pilipinas men’s national basketball team remains in position 31 in the world ranking of the International Basketball …

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ADB expects PH economy to drop 8.5%

[ad_1] The Asian Development Bank said Thursday that the Philippine economy is likely to contract 8.5 percent this year due to the prolonged impact of the coronavirus pandemic. This latest projection was worse than the previous estimate of a 7.3 percent contraction announced by the bank in its Asian Development …

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