66,000 stranded OFWs sent back to home provinces since May 15 — OWWA

MANILA, (Mabuhay) — Around 66,000 repatriated Overseas Filipino workers (OFWs) who were stranded in Metro Manila due to restrictions implemented amid the COVID-19 pandemic are already in their home provinces. Overseas Workers Welfare Administration (OWWA) administrator Hans...

BSP pegs Q2 economic performance at -5.7% to -6.7%, bringing Philippines to technical recession

MANILA, June 29 (Mabuhay) — The Philippine economy could contract by as much as 6.7% in the second quarter, which would put the Philippines in a technical recession, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said Monday. According to Diokno, the economy is...

Philippines inks two loans with AFD worth P14B

MANILA, (Mabuhay) — The Philippines has inked two more loan agreements cumulative worth €250 million (approximately P14 billion) to finance infrastructure development and financial inclusion in the country. According to the Department of Finance (DOF), the Philippines inked...