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An Act establishing an economic stimulus strategy for the country's growth and development in the aftermath of COVID-19, providing funds therefor June 4, 2020 [7] [8] House Bill No. 6816 Financial Institutions Strategic Transfer (FIST) Act An Act ensuring Philippine financial industry resiliency against the COVID-19 pandemic June 2, 2020 [9] [10]
The Bayanihan to Recover as One Act, also known as Bayanihan 2, [1] and officially designated as Republic Act No. 11494, is a law in the Philippines that was enacted in September 2020 granting the President additional authority to combat the COVID-19 pandemic in the Philippines. [2] [3]
On 26 March, MTI said it believed that the economy would contract by between 1% and 4% in 2020. This was after the economy shrank some 2.2% in the first quarter of 2020 from the same quarter in 2019. [376] On 26 May, the Singapore economy contracted 0.7%YoY, which was better than the expected contraction of 2.2%. However, MTI said that it was ...
The effects of the COVID-19 pandemic, a global pandemic of coronavirus disease 2019 (COVID-19) caused by severe acute respiratory syndrome coronavirus 2 (SARS CoV‑2), have been broad, affecting general society, the global economy, culture, ecology, politics, and other areas. These aspects are discussed across many articles:
The COVID-19 pandemic in the Philippines was a part of the worldwide pandemic of coronavirus disease 2019 caused by severe acute respiratory syndrome coronavirus 2 . [4] As of February 24, 2025, there have been 4,173,631 [ 1 ] reported cases, and 66,864 [ 1 ] reported deaths, the fifth highest in Southeast Asia , behind Vietnam , Indonesia ...
According to graphical representation presented by ADB in the publication, the GDP impact of the outbreak in the Philippines would be about between 0.0 and -0.5 percentage of the GDP in a best-case scenario while in a worst-case scenario, it would be around slightly near −0.5 percentage of the GDP with a hypothetical worst-case impact of ...
The roughly $5 trillion in COVID-19 stimulus spending was one of the boldest experiments in the history of America's social safety net. Proponents of the legislation that authorized the aid said an...
In the meantime, intermittent lockdowns had led the Philippine economy to contract by 9.5 percent in 2020, the highest since the Marcos dictatorship. This led to the closure of many businesses, and an estimated 4.2 million unemployed Filipinos in February 2021. [13]