The fisheries sector on Monday urged for the establishment of more aquaculture economic zones to boost production of processed and value-added aquaculture products for both domestic and export market and generate local employment.
Moody’s Analytics forecasts an 0.6-percent expansion for the Philippine economy in the second quarter of 2021, an improvement from the -4.2 percent in the first quarter.
The International Monetary Fund said on Monday, August 2, its board of governors approved a $650-billion allocation of IMF Special Drawing Rights and said its largest-ever distribution of monetary reserves would become effective August 23.
The International Monetary Fund (IMF) was distributing about $650 billion in new Special Drawing Rights (SDRs) to its members on Monday, August 23, providing a “significant shot in the arm” for global efforts to combat the COVID-19 pandemic, Managing Director Kristalina Georgieva said.
Money sent home by millions of Filipinos living and working overseas continues to provide financial buffer against the impact of the global pandemic.
The Bangko Sentral ng Pilipinas remains vigilant of evolving global and domestic price conditions and is ready to deploy appropriate monetary policy tools to safeguard price and financial stability objectives, Governor Benjamin Diokno said Friday.
South Korean MPs were expected to ban Apple and Google from forcing app developers to use the tech giants’ payment systems on Tuesday, effectively declaring their lucrative App Store and Play Store monopolies illegal.
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