This April 16, 2020 photo shows people observing physical distancing as they line up for their turn to shop in the Zapote public market in Bacoor City, Cavite province. (Photo by Boy Josue)
The coronavirus disease 2019 (Covid-19) pandemic and other “market stresses” could stoke the Philippine banking sector’s nonperforming assets (NPA) and credit losses, S&P Global Ratings warned.