News Snapshot:
The growth prospects look bright for the Philippines in 2023 as the sustained reopening of the economy towards normalcy will boost business activities, an economist said Friday. Rizal Commercial Banking Corp. chief economist Michael Ricafort said in a report the resumption of international tourism from February 2022 and the return of face-to-face schooling since August were “the last remaining elements to complete the economic recovery story.” He said these “would help the recovery in the right direction for many hard-hit businesses and industries during the pandemic/lockdowns.” “The economic reopening narrative fundamentally led to more jobs/employment/livelihood and other business/economic opportunities that,...
