Filipino billionaires see their wealth fall during pandemic
THE Philippines’ richest experienced a drop in their fortunes as the COVID-19 pandemic continues to disrupt the country’s economy. The collective wealth of the country’s 50 Richest dropped to $60.6 billion (P2.9 trillion) from $78 billion (P3.8 trillion) a year earlier, according to Forbes Asia. “Despite having one of the world’s strictest lockdowns, the Philippines…