The pandemic-induced recession stretched five quarters to the first quarter of the year after the country’s GDP contracted by a record 9.6 percent in 2020.
Data released by the central bank showed foreign portfolio investments jumped by 21 percent to $806.99 million in August from $666.51 million in the same month last year.
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Hot money reverts to net inflow in Aug
Economic managers announced last August that the country finally exited from recession, with a gross domestic product (GDP) growth of 11.8 percent in the second quarter.
Zamboanga under Alert 4
Zamboanga City has been placed under Alert Level 4 as the number of COVID-19 cases increased, according to the Department of Health (DOH)-Zamboanga peninsula regional office.
Netflix CEO: ‘Squid Game' might be our biggest show
The hit Netflix series “Squid Game“ from South Korea has gone viral across the world and online by morphing childhood games popular before the digital era such as “Red Light, Green Light” into deadly survival challenges.
Filing of COCs begins; no rallies near venue
The Commission on Elections (Comelec) has assured the public that all is set for the filing of certificates of candidacy (COCs) for the May 2022 elections beginning today.
A perfect storm
Only 53 economies – the world’s biggest economies – were included in the survey.
007 Film ‘No Time To Die' Premieres In London
Prince William and his wife Catherine, Duchess of Cambridge, Camilla, Duchess of Cornwall, and her husband Prince Charles attend the premiere of ‘No Time To Die’ in London on Tuesday.
Ayn Bernos Fights For Her Pageant Dream
When social media personality Roussane Marie “Ayn” Bernos was given the opportunity to chase her pageant dreams through Miss Universe Philippines (MUPH), she initially had no training, no makeup skills, no glam photos, not even heels.
The start of vaccination for the general population – targeted in mid-October – is welcome news. It would be even more welcome if there are enough vaccines to go around.
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