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COVID-19 adverse impact only 'transitory'—economic officials – Manila Bulletin


BSP Gov. Benjamic Diokno and Finance Sec. Carlos Dominguez III
Finance Secretary Carlos G. Dominguez III said the significant impact of the coronavirus on the economy “will only be temporary,” while Bangko sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said the drag caused by the pandemic is “transitory.”
Late Monday (July 12), Fitch adjusted its outlook from “stable” to “negative,” an indication that the rating agency is seeing risks that might result in downgrading the Philippines’ credit rating in the near future.
Among the downside risks cited by Fitch to the Philippines’ medium-term growth prospects is the weakened fiscal finances of the government as a result of the coronavirus pandemic. ....

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'Isn't it about time to reject Duterte?' — Ex-DFA Sec. Del Rosario – Manila Bulletin


Published July 12, 2021, 1:56 PM
When President Duterte himself admitted in his 2020 State of the Nation Address (SONA) that he is “inutil” (useless) regarding China’s continued presence in the West Philippine Sea, and his professed “love” for Chinese President Xi Jinping, is it not about time to reject him?
The was the question posed by former Foreign Affairs Secretary Albert Del Rosario to the Filipino people on the occasion of the fifth anniversary of the Arbitral Tribunal decision that rejected China’s excessive claim over the vast resources of the South China Sea.
Speaking at the virtual forum entitled Reinforcing the 2016 Arbitral Victory: The West Philippine Sea in the Convergence of Strategies, Del Rosario narrated Duterte’s series of pronouncements in the past five years that undermined the Arbitral Award, specifically by setting it aside in favor of economic benefits from China. ....

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