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Losing Russian gas has hurt Germany s economy - minister
The country is now in a "particularly" difficult situation, Vice-Chancellor Robert Habeck has warned The German economy has lost its competitive advantage after abandoning Russian gas supplies, Vice-Chancellor and Economy Minister Robert Habeck stated on Wednesday. The EU's top economy benefited from cheap Russ.....»»
Government urged to keep spending, avoid high surplus
The government should not keep a high surplus and instead continue to ramp up spending in order to meet the growing needs of the economy, an economist said......»»
PLDT, Smart collaborators lift Davao s cacao farmers, agropreneurs
PLDT, Smart collaborators lift Davao s cacao farmers, agropreneurs.....»»
PLDT, Smart collaborators lift Davao s cacao farmers, agropreneurs
PLDT, Smart collaborators lift Davao s cacao farmers, agropreneurs.....»»
Amid bearish sentiment, bargain hunting could lift stocks
The stock market is expected to sustain its bearish sentiment this week, but potential bargain hunting may eventually lift shares out of the doldrums......»»
Amid bearish sentiment, bargain hunting could lift stocks
The stock market is expected to sustain its bearish sentiment this week, but potential bargain hunting may eventually lift shares out of the doldrums......»»
LGU to lift state of calamity over Mindoro oil spill
The municipal government of Pola in Oriental Mindoro will lift the state of calamity it declared over the area following the massive oil spill caused by the sinking of the motor tanker Princess Empress last year......»»
Japan recession: Scaled back spending helps push economy to where it is now
TOKYO — To grasp the dynamics that bumped Japan into recession and off its perch as the world’s third largest economy on Thursday, look no further than Risa Shinkawa’s dining habits. Unlike unionised workers at big manufacturers such as Toyota Motor, the 32-year-old aesthetician isn’t expecting a pay rise anytime soon. Rather, her salary has.....»»
Japan unexpectedly slips into recession, Germany now world’s third biggest economy
Frail consumption and capital spending point to a challenging outlook for Japan’s economy.....»»
Germany spending billions to replace nuclear power
The EU's largest economy is set to make a large investment in four gas-fired plants, the government has announced Germany is set to spend 16 billion to construct four gas-fired power plants as it seeks to ensure an adequate supply of electricity after scrapping its nuclear reactors, the Economy Ministry announced earl.....»»
EU s largest economy spending billions to replace nuclear power
Germany is set to make a large investment in four gas-fired plants, the government has announced Germany is set to spend 16 billion to construct four gas-fired power plants as it seeks to ensure an adequate supply of electricity after scrapping its nuclear reactors, the Economy Ministry announced earlier this week.&nb.....»»
Millennials, Gen Zs seen to lift travel demand
Low-cost carrier AirAsia Philippines is banking on the youth to carry the travel demand this year, as they tend to involve their loved ones in their plans, increasing spending on trips......»»
Cebu Daily Newscast: CCLEX-Guadalupe ramp: P6B project set to boost Cebu’s economy
Listen to Cebu Daily Newscast to know the latest news in and outside Cebu. Here are the latest news as of Thursday, April 18. CCLEX-Guadalupe ramp: P6B project set to boost Cebu’s economy Cebuanos can anticipate a significant impact on Metro Cebu’s economy following a substantial investment increase by a unit of Metro Pacific Tollways.....»»
Chinese economy to moderate in 2024: ADB
Manila [Philippines], April 12 (ANI): The Chinese economy is forecast to grow 4.8 per cent in 2024, amid a recovery of household consumption, ongoing property market adjustment, and weak external demand, according to the latest report published by the Asian Development Bank (ADB). The growth in the Asian economy is projected to moderate from a 5.2 per cent expansion last year. An uncertain external macroeconomic environme.....»»
Open ocean salmon farm a win for the economy
The final approval of New Zealand King Salmon's Blue Endeavour open ocean aquaculture project is a significant step for New Zealand's aquaculture, and a win for the economy, Oceans and Fisheries Minister Shane Jones says. "Blue Endeavour will be the first open ocean aquaculture salmon farm in New Zealand. It's going to provide more jobs for the Marlborough region and benefit our economy b.....»»
Race for global economic dominance sees striking turn of fortunes - ex-IMF official
The assumption that China will eventually overtake the US as the world's largest economy now seems less certain, Eswar Prasad has said The US has extended its lead over China in the race for the globe's largest economy, Bloomberg reported on Friday. The American economy defied forecasts in outperfo.....»»
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.....»»
PCCI cites economic benefits from Philippines-EU FTA
The country’s largest business organization welcomed the announcement of the resumption of the free trade agreement negotiations between the Philippines and the European Union as it expects the deal to bring economic benefits for both parties......»»
Business groups laud passage of Salt Industry Development Act
Business groups Philippine Exporters Confederation Inc. (Philexport) and Philippine Chamber of Commerce and Industry (PCCI) welcomed the approval of a law that aims to revive the salt industry which is seen to support economic growth and help create jobs......»»
PCCI: P100 wage hike to hurt SMEs
The proposed P100 daily minimum wage increase for private sector workers may hurt small and medium enterprise in the country as it may lead to the reduction of their workforce or even closure, the Philippine Chamber of Commerce and Industry warned......»»