Magnitude 6 7 quake hits south of the Philippine capital nationalpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationalpost.com Daily Mail and Mail on Sunday newspapers.
Double digit growth in Q2 2021 - finance minister Fitch downgrades credit rating outlook to negative (Recasts lead, adds details, quotes)
MANILA, July 12 (Reuters) - The Philippines is set for an economic rebound, with medium-term growth prospects on solid footing, its economic managers said on Monday, after Fitch Ratings affirmed the country’s investment grade score but downgraded its outlook to negative.
Fiscal and monetary policies are in place to support recovery of the Philippine economy, one of Asia’s fastest growing before the pandemic, officials said.
“We expect the drag caused by COVID-19 on the Philippine economy to be transitory,” Philippines’ central bank Governor Benjamin Diokno said in a statement, commenting on Fitch.
Philippines Pacquiao ousted as president of ruling party after row reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Variant seen introduced by overseas travellers -genome expert
Five returning from overseas also test positive for Delta
One patient dies in the capital region
Delta s spread main factor behind case surge in Southeast Asia
MANILA, July 16 (Reuters) - The Philippines has recorded the country s first locally acquired cases of the more infectious Delta variant, prompting authorities to reimpose stricter coronavirus measures in some areas as health experts sought bans on social gatherings.
The Southeast Asian country is battling one of the worst COVID-19 outbreaks in Asia, but infection numbers have been declining since peaking in March and April, allowing for a gradual relaxation of restrictions.
Karen LemaNeil Morales
3 minute read
A woman shops coconut products at a supermarket in Bangkok, Thailand, July 6, 2020. REUTERS/Athit Perawongmetha
Summary
World Bank urges advanced economies to release excess vaccines
World Bank chief says two-speed recovery a concern
July 15 (Reuters) - Growth in East Asia and the Pacific this year will likely be slower than previously thought, the World Bank said on Thursday, as many countries in the region grapple with spikes in COVID-19 cases, new variantsand vaccine supply constraints.
The East Asia and Pacific region, excluding China, is expected to grow 4% this year, World Bank President David Malpass said, down from a 4.4% forecast in March, with countries like conflict-torn Myanmar facing a deeper-than-expected slump.