The Philippine economy reels from Novel Corona Virus lockdowns that shut down businesses and thrown millions of Filipinos out of work. Our Gross Domestic Product (GDP) shrank 16.5% in the second quarter of the year 2020. According to the Philippine Statistics Authority (PSA), it happened when the country endured one of the world’s […]
Tag Archives: Philippine Economy
President Duterte Signed Bayanihan 2 Law President Rodrigo Duterte signed into law the ‘Bayanihan to Recover as One’ or ‘Bayanihan 2’ that gives him special powers to respond to the COVID-19 pandemic. It provides a P165.5 Billion fund to address the crisis. As of rappler.com, below are the things you need to […]
President Rodrigo Roa Duterte addressed the Philipines last night, 17th of August 2020. As of what the Filipinos are expecting, he announced the new quarantine classifications effective until the end of the month. We can remember that he placed Metro Manila, Bulacan, Cavite, Laguna, and Rizal back to Modified Enhanced Community Quarantine on […]