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Factory output growth picks up in January
The country’s factory output went up at a quicker pace in January from the previous month due mainly to the slower contraction in production of electronic products and beverages, according to the Philippine Statistics Authority......»»
China urges ROK to stay prudent on South China Sea issue: Chinese FM
BEIJING, March 28 (Xinhua) -- China urges the Republic of Korea (ROK) to stay prudent when it comes to the South China Sea issue, Chinese foreign ministry spokesperson Lin Jian said on Thursday. Lin made the remarks at a regular press briefing when responding to a media query about ROK Foreign Ministry Spokesperson's biased and unfactual comments on the South China Sea issue over the past few days. "China.....»»
Xinhua world economic news summary at 0830 GMT, Jan. 18
DAVOS, Switzerland -- Although the global economy is facing sluggish growth and numerous challenges, business leaders attending the 54th annual meeting of the World Economic Forum (WEF) remain confident over the prospects of the Chinese economy. Over recent years, China has been an important engine for the global economy. China's gross domestic product (GDP) posted a growth of 5.2 percent year-on-year in 2023, h.....»»
Philippine government retains 6.5 to 7.5 pct GDP growth target for 2024
MANILA, Jan. 26 (Xinhua) -- National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan on Friday expressed optimism that the Philippine government will achieve a gross domestic product growth of 6.5 percent to 7.5 percent in 2024. "This growth will be supported by low and manageable inflation, a labor force with access to more and better jobs, a stronger fiscal position in the form of a lower.....»»
Philippine government retains 6.5 to 7.5 pct GDP growth target for 2024
MANILA, Jan. 26 (Xinhua) -- National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan on Friday expressed optimism that the Philippine government will achieve a gross domestic product growth of 6.5 percent to 7.5 percent in 2024. "This growth will be supported by low and manageable inflation, a labor force with access to more and better jobs, a stronger fiscal position in the form of a lower.....»»
China maintains defence budget growth despite economic travails
Hong Kong, March 12 (ANI): At the 14th National People's Congress, China announced its defence budget for 2024 and interestingly maintained the growth rate of its military expenditure at precisely the same percentage as last year, as Chairman Xi Jinping continues to prioritize the People's Liberation Army (PLA) at the expense of other sectors of government funding. Indeed, according to figures released on the opening day.....»»
Cebu Province inflation rate soared in March 2024
CEBU CITY, Philippines — Cebu Province inflation rate rose in March as Cebuanos continue to grapple with rising prices of goods and commodities, the latest inflation report by the Philippine Statistics Authority (PSA) Cebu showed. On Wednesday, April 17, PSA Cebu Chief Statistical Specialist Melchor Bautista presented the inflation report in Cebu Province for March.....»»
Beyond Coffee: Coffee Factory Mezzanine delights Cebuanos with newest co-working space
Beyond Coffee: Coffee Factory Mezzanine delights Cebuanos with newest co-working space.....»»
Minalin LGU issues conditional biz permit to embattled factory
Minalin LGU issues conditional biz permit to embattled factory.....»»
2 dead, 6 injured in fireworks factory blaze in Philippines
MANILA, Feb. 1 (Xinhua) -- A blaze erupted at a small fireworks factory in Laguna province, south of Manila, on Thursday, killing two people and injuring six others, local police said. The fire broke out in Cabuyao city in the afternoon. Two people died on the spot, while some of those who sustained injuries were in critical condition, police said. Firefighters put out the fire two hours later, preventing.....»»
Death toll from Laguna fireworks factory blast now 5
The death toll from an explosion at a fireworks factory in Cabuyao City, Laguna on Thursday has increased to five......»»
2 dead, 6 injured in fireworks factory blaze in Philippines
MANILA, Feb. 1 (Xinhua) -- A blaze erupted at a small fireworks factory in Laguna province, south of Manila, on Thursday, killing two people and injuring six others, local police said. The fire broke out in Cabuyao city in the afternoon. Two people died on the spot, while some of those who sustained injuries were in critical condition, police said. Firefighters put out the fire two hours later, preventing.....»»
2 dead, 10 hurt in Laguna fireworks factory blast
Two people died and at least 10 were injured after an explosion rocked a fireworks factory in Cabuyao City in Laguna yesterday afternoon......»»
Xinhua Asia-Pacific news summary at 1600 GMT, Jan. 24
NEW DELHI -- Two people were killed and three others critically injured in a blast at a firecracker factory on Wednesday in the southern Indian state of Tamil Nadu, police said. The blast took place in Virudhunagar district, about 519 km southwest of Chennai, the capital city of Tamil Nadu. According to police, the victims were working in the factory and the injured were admitted to a local hospital. (India-Fire.....»»
About 20 dead in Thai fireworks factory blast; no survivors found
BANGKOK — A blast at a fireworks factory north of Bangkok on Wednesday claimed the lives of approximately 20 individuals, according to the police. Despite ongoing inspections by authorities, no survivors have been located at the site yet. It was not immediately clear what caused the incident, which took place mid-afternoon in Suphan Buri province.....»»
Gov t cuts growth target to 6%-7% — NEDA
In a press briefing with the members of the press on Thursday, Balisacan said that the country's economic growth target had been revised following a careful consideration of factors such as the global economic slowdown, rising oil prices and inflation trends......»»
NEDA Optimistic on Economic Growth in the PH for 2024
National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan expressed optimism about the country’s economic growth for 2024. According to Balicasan, major development organizations like the IMF, ADB, and the World Bank expect the country to have an economic growth rate of at least 6%. The IMF projects a growth rate of 6.2%, the ADB […].....»»
The Mystery of Post-Inflation Stability: Exploring Economic Uncertainty
Inflation, a sneaky force eating away at our financial stability, makes us wonder: what happens after its rampage? Do things settle back to normal, or are we stuck dealing with the aftermath? Inflation is simply prices creeping up over time, quietly changing our financial landscape. Think of your favorite café inching up its prices or […].....»»
REIN in inflation!
It didn’t take long for Finance Secretary Ralph Recto to take full command of the economic cluster as he assumed responsibility for keeping inflation numbers low. And Ralph even coined an acronym: REIN or Reduce Emerging Inflation Now......»»
Near-target 2023 GDP growth acceptable amidst economic challenges – Neda chief
INQUIRER/ MARIANNE BERMUDEZ MANILA, Philippines — The country’s chief socioeconomic planner, Secretary Arsenio Balisacan of the National Economic and Development Authority (Neda), said that a 2023 economic growth slightly lower than the previous year’s 7.6 percent but near the government’s 6 to 7 percent target range would be considered acceptable, given the challenges faced by the.....»»