The Philippines’ financial services sector entered the Covid-19 pandemic on a solid footing, thanks to decades of regulatory reform to address the vulnerabilities exposed by the 1997-98 Asian financial crisis. Strong capital buffers, high levels of provisioning and near-universal public health cover insulated the country from many of the...
Recent years have seen the issue of climate change and its ecological and economic effects move more clearly into the spotlight. It is now widely accepted that the planet cannot sustain current high-carbon industrial and consumer behaviours. With better and more reliable scientific knowledge on the subject available, economic models used to...
While the pandemic has placed extra strain on the Philippines’ health care system, increased awareness of health risks could lead to a spike in private insurance coverage. With around 415,000 recorded cases and 8000 virus-related deaths as of mid-November, 2020, the Philippines has been one of the hardest-hit countries in South-east Asia...
The Philippine government launched a four-pillar socio-economic strategy to mitigate the impact of the pandemic and aid the national recovery effort. The framework aims to provide emergency support for vulnerable groups and individuals; expand medical resources to fight Covid-19 and ensure the safety of health workers; implement fiscal and...
The Philippines reported its first Covid-19 case on January 30, 2020, and confirmed its first coronavirus-related fatality three days later. The country was officially placed under a state of calamity for a period of six months on March 17, mandating that national and local authorities mobilise the resources needed to respond to the health...
The year 2020 marked the fourth year of President Rodrigo Duterte’s six-year term in office, following his inauguration in June 2016. The Philippines’ GDP increased by more than 6% per year between 2012 and 2019, making inclusive growth and the reduction of income inequality among the top priorities for the administration. However, the economy...
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