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Virus Missteps Could Turn Philippines Back Into Asia's Laggard

(Bloomberg) Snaking queues at Manila food banks have become a common sight as the economy continues struggling a year after the Philippines’ first coronavirus lockdown. It’s a sharp contrast to 2018, when hundreds lined up for the grand opening of Uniqlo Co. ....

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Virus missteps could turn Philippines back Into Asia's laggard

Virus missteps could turn Philippines back Into Asia's laggard
bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.

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Philippines Q1 GDP contracts more than expected on prolonged lockdowns

Vehicles travel along the Epifanio de los Santos Avenue (EDSA) highway in Metro Manila, the Philippines, on Tuesday, May 11, 2021. The Philippines’ economy is struggling to gain momentum as elevated numbers of Covid-19 cases hamper reopening efforts and destroy jobs. - Bloomberg
MANILA, May 15 (Reuters): The Philippine economy shrank by more than expected in the first quarter of 2021, supporting views that the central bank will keep interest rates at a record-low at a policy meeting this week.
Gross domestic product fell 4.2% in the March quarter from a year earlier, the statistics agency said earlier this week, marking the fifth straight quarter of declines amid pandemic-induced lockdowns. ....

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Philippines GDP shrinks more than expected

Long struggle: Farmers work in a rice field south of Manila. The Philippines is expected to manage South-East Asia’s slowest recovery this year from the recession. ─ AFP
MANILA: The Philippines’ economy is struggling to gain momentum as elevated numbers of Covid cases hamper reopening efforts and destroy jobs.
Gross domestic product (GDP) fell 4.2% in the first quarter from a year ago, the statistics authority said, below all estimates in a Bloomberg survey of economists.
The Philippines is expected to manage South-East Asia’s slowest recovery this year from the pandemic-driven recession.
A return to stricter curbs in Manila and other key economic areas threatens the government’s goal – currently up for review – of at least 6.5% growth this year. ....

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Dominguez's 2020 earnings largest; Roque the lowest among Cabinet men

Finance Secretary Carlos Dominguez was the highest paid member of the Duterte Cabinet last year, earning a total P4,943,153,.68 in 2020 or P301,389.76 more than what he took home a year before.
Despite topping the Cabinet list, Dominguez still ranked 146th among the top earners in government led by ....

Karlo Alexei Nograles , Bangko Sentral , Bernadette Fatimar Puyat , Herminio Harry Roque , Carlito Galvez , Teodoro Locsin Jr , Silvestre Bello , Josec Calida , Karl Chua , Francisco Duque , Wendel Avisado , Delfin Lorenzana , Benjamine Diokno , Leonor Briones , Roy Cimatu , Rolando Bautista , Ramon Lopez , Karl Kendrick Chua , Menardo Guevarra , Herminio Harry Roque Jr , Mark Villar , Fortunato Dela Pena , William Dar , Arthur Tugade , Carlos Dominguez , Communications Technology ,