Saturday, January 28
Shadow

Tag: Philippine economy

Businesses around UST remain affected by pandemic but expert sees chance of recovery

Businesses around UST remain affected by pandemic but expert sees chance of recovery

Issues, The Flame Explains
FIVE MONTHS after the start of the nationwide lockdown in 2020, John Lloyd Rolea, a political science junior, saw the impact of the pandemic on several businesses when he went to the University to return some books in the library. “Numerous stores were closed because UST students were no longer present around the area to patronize their food or products,” Rolea told The Flame. “It was completely different because UST [University of Santo Tomas] is not UST without its students,” he added. Just this year, Rolea went back to the University and witnessed the stark difference in the state of the businesses around the campus compared to two years ago. “Some businesses are now recovering from the devastating effects of the pandemic. Stores are now gradually reopening due to limite...
UST holds first economic briefing; Uncertainties, opportunities in PH discussed

UST holds first economic briefing; Uncertainties, opportunities in PH discussed

News
THE UNIVERSITY of Santo Tomas (UST) Department of Economics held its first economic forecasting forum dubbed Tiger Look yesterday, projecting uncertainties and opportunities in the Philippine economy and government this 2016. UST Department of Economics Chair Emmanuel Lopez anticipated economic growth to reach 6.5 to 6.7 percent this year with the surge of consumer spending and continuous flourishing of the service sector. Lopez also said the upcoming national elections will inject P15 billion in the local economy which is expected to create "temporary employment." "It may be inflationary in nature but at the middle of the year, it will bring back to the previous natural status of the natural unemployment because the creation of job is starting this January up to June," he add...