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UPDATE 2-Philippine economic slump extends into Q1, but signs of recovery emerge

Government says economy on the mend
Cbank seen keeping key rate steady on Wednesday (Adds comments of economist, economic official)
MANILA, May 11 (Reuters) - The Philippine economy shrank more than expected in the first quarter, though sequential momentum showed a recovery was underway and suggested the central bank will keep rates at a record low at this week’s policy review to support the revival.
Gross domestic product fell 4.2% in the March quarter from a year earlier, the statistics agency said on Tuesday, worse than the median estimate of a 3.0% contraction in a Reuters poll, but an improvement from the 8.3% slump in the previous quarter. ....

Karl Chua , Enrico Dela Cruz , Karen Lema , Neil Jerome Morales , Bejamin Diokno , Himani Sarkar Shri Navaratnam , Nicholas Mapa , Thomson Reuters Trust Principles , Planning Secretary Karl Chua , Southeast Asian , Himani Sarkar , Thomson Reuters Trust , கார்ல் சுய , கரேன் லெமா , நீல் ஜெரோம் மன உறுதியும் , ஹிமானி சர்க்கார் திரு நவரட்னம் , நிக்கோலஸ் மாபா , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ் , திட்டமிடல் செயலாளர் கார்ல் சுய , தென்கிழக்கு ஆசிய , ஹிமானி சர்க்கார் , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ,

First time since 1980s: Economy down for 15 months | Philippines Lifestyle News

Based on government data, the Philippine economy fell by 4.2 percent in the first three months of 2021. ....

Karl Chua , Philippine Statistics Authority , Socioeconomic Planning Secretary Karl Chua , Economic Reforms , கார்ல் சுய , பிலிப்பைன் புள்ளிவிவரங்கள் அதிகாரம் , பொருளாதார சீர்திருத்தங்கள் ,

UPDATE 1-Philippines Q1 GDP contracts more than expected on prolonged lockdowns

UPDATE 2-Philippine economic slump extends into Q1, but signs of recovery emerge
Reuters
1 day ago
Q1 GDP shrinks 4.2% yr/yr, grows 0.3% qtr/qtr
Government says economy on the mend
Cbank seen keeping key rate steady on Wednesday (Adds comments of economist, economic official)
By Neil Jerome Morales and Karen Lema
MANILA, May 11 (Reuters) - The Philippine economy shrank more than expected in the first quarter, though sequential momentum showed a recovery was underway and suggested the central bank will keep rates at a record low at this week s policy review to support the revival.
Gross domestic product fell 4.2% in the March quarter from a year earlier, the statistics agency said on Tuesday, worse than the median estimate of a 3.0% contraction in a Reuters poll, but an improvement from the 8.3% slump in the previous quarter. ....

Karl Chua , Enrico Dela Cruz , Karen Lema , Neil Jerome Morales , Himani Sarkar Shri Navaratnam , Planning Secretary Karl Chua , Southeast Asian , Himani Sarkar , Shri Navaratnam , கார்ல் சுய , கரேன் லெமா , நீல் ஜெரோம் மன உறுதியும் , ஹிமானி சர்க்கார் திரு நவரட்னம் , திட்டமிடல் செயலாளர் கார்ல் சுய , தென்கிழக்கு ஆசிய , ஹிமானி சர்க்கார் , திரு நவரட்னம் ,

COVID-hit Philippines economy shrinks more than expected

COVID-hit Philippines economy shrinks more than expected
Al Jazeera English
© Philippines is battling one of Asia s worst COVID outbreaks [File: Veejay Villafranca/Bloomberg]
Philippines is battling one of Asia s worst COVID outbreaks [File: Veejay Villafranca/Bloomberg]
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 on Wednesday.
Gross domestic product fell 4.2 percent in the March quarter from a year earlier, the statistics agency said on Tuesday, marking the fifth straight quarter of declines amid pandemic-induced lockdowns.
Economists in a Reuters poll had expected the GDP to contract 3 percent after slumping 8.3 percent year-on-year in the previous quarter. ....

Dan Roces , Karl Chua , Security Bank Corp , Southeast Asia , Security Bank , Planning Secretary Karl Chua , Southeast Asian , கார்ல் சுய , பாதுகாப்பு வங்கி கார்ப் , தென்கிழக்கு ஆசியா , பாதுகாப்பு வங்கி , திட்டமிடல் செயலாளர் கார்ல் சுய , தென்கிழக்கு ஆசிய ,

Southeast Asia flags amid virus - Taipei Times

Southeast Asia flags amid virus
Bloomberg
The Philippine and Malaysian economies continued contracting in the first three months of the year, adding to signs that some of Southeast Asia’s biggest nations are struggling amid a resurgence in COVID-19 cases.
The quarterly figures released yesterday which came in below all forecasts for the Philippines add to weaker signals from top regional economies Indonesia and Thailand.
All four countries have faced a surge of COVID-19 cases in the past few weeks, part of the broader challenge across Asia’s developing economies to stem a renewed outbreak, particularly in India.
People wait in line for free food packs at a community pantry in Manila’s Quezon City yesterday. ....

Republic Of , Manila City , Philippines General , Karl Chua , Shamsiah Yunus , Philippine Statistics Authority , Bank Negara Malaysia , Asian Development Bank , Southeast Asia , Quezon City , Socioeconomic Planning Karl Chua , Governor Nor Shamsiah Yunus , Thailand Ministry , குடியரசு ஆஃப் , மணிலா நகரம் , பிலிப்பைன்ஸ் ஜநரல் , கார்ல் சுய , பிலிப்பைன் புள்ளிவிவரங்கள் அதிகாரம் , வங்கி நெகாரா மலேசியா , ஆசிய வளர்ச்சி வங்கி , தென்கிழக்கு ஆசியா , கயீஸந் நகரம் , தாய்லாந்து அமைச்சகம் ,