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Expectations of strong Q4 2017 growth mount

THE PHILIPPINES is expected to have clocked gross domestic product (GDP) growth in the fourth quarter of 2017 that put the full-year pace well within target, according to an assessment released yesterday. “[The year] 2017 ended with a bang!” First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P) said in […] The post Expectations of strong Q4 2017 growth mount appeared first on BusinessWorld......»»

Category: financeSource: bworldonline bworldonlineJan 22nd, 2018

RCBC earns 11% higher in 2017

Yuchengco-led Rizal Commercial Banking Corp. recorded a double-digit profit growth of 11.4 percent last year after a strong performance in the fourth quarter......»»

Category: financeSource:  philstarRelated NewsFeb 14th, 2018

Japan economy grows for 8th straight quarter, longest since 1980s

TOKYO: Japan’s economy grew for the eighth straight quarter at the end of 2017, government data showed Wednesday, its longest period of expansion since the “bubble” boom days of the late 1980s. Gross domestic product figures fell short of expectations and represented a slowdown from the previous quarter, but analysts forecast continued growth nonetheless. GDP [...] The post Japan economy grows for 8th straight quarter, longest since 1980s appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsFeb 14th, 2018

Growth prospects remain strong –– ANZ

ANZ Research on Tuesday said the domestic demand in the Philippines remains on a solid footing despite the Gross Domestic Product (GDP) missing market estimates for the last quarter of 2017. ANZ Research noted this after the Philippine Statistics Authority (PSA) released the GDP report, saying that the Philippine economy….....»»

Category: newsSource:  journalRelated NewsJan 25th, 2018

Strong 2017 PH Growth Shows ‘Underlying Strength’: BSP

The strong growth of the Philippine economy in 2017 shows its intrinsic strength and bodes well for the Bangko Sentral ng Pilipinas’ (BSP) inflation-targeted framework. The statement was made by Bangko Sentral ng Pilipinas (BSP) Governor Nestor A. Espenilla Jr. following the release of the country’s 2017 gross domestic product (GDP) report on Tuesday. National […].....»»

Category: newsSource:  metrocebuRelated NewsJan 25th, 2018

Robust economic growth keeps inflation on target – BSP

MANILA, Philippines — The strong economic expansion in 2017 has given monetary authorities ample space to focus on meeting the inflation target and push mark.....»»

Category: financeSource:  philstarRelated NewsJan 24th, 2018

Mayon Volcano eruption, 2017 GDP growth, Facebook on democracy | Midday wRap

Today on Rappler: The Albay provincial government expands the the danger zone around Mayon Volcano to 9 kilometers.  The Philippines' economy remains strong in 2017 with a full-year gross domestic product growth of 6.7%, compared to the 6.9% growth in 2016.  Facebook says the explosion of social media poses a potential ........»»

Category: newsSource:  rapplerRelated NewsJan 23rd, 2018

Moody s sees 6.7 percent GDP growth for Philippines in Q4 2017

MANILA, Philippines — The Philippine economy likely grew 6.7 percent during the last three months of 2017 on account of strong domestic demand, Moody’s Analy.....»»

Category: financeSource:  philstarRelated NewsJan 19th, 2018

HSBC Private Banking sees strong markets despite high valuations

THE private banking arm of Hongkong and Shanghai Banking Corp. Ltd. (HSBC) expects the Philippine stock market to continue its rise this year, driven by the Asian boost in the global economic growth as well as the so-called “fourth industrial revolution.” “After the strong rally in 2017, many investors worry about high valuations. But in […] The post HSBC Private Banking sees strong markets despite high valuations appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsJan 17th, 2018

Foreign direct investments in PH hit 16-month high in October 2017

MANILA, Philippines – The amount of  foreign direct investments (FDIs) coming into the Philippines  last October hit its highest level in 16 months, suggesting positive investor sentiment over the country's strong macroeconomic fundamentals and growth prospects. Latest data from the Bangko Sentral ng Pilipinas (BSP) released on Wednesday, January 10, showed net FDI inflows reached $2.02 billion ........»»

Category: newsSource:  rapplerRelated NewsJan 10th, 2018

BIR, BOC Post Strong Revenues in 2017

Both the Bureau of the Internal Revenue (BIR) and the Bureau of Customs (BOC) posted double digit growth in their collections in 2017. Citing Bureau of the Treasury (BTr) data, Finance Secretary Carlos Dominguez III, in a message to reporters Thursday, said indicative collections of the BIR rose by 12.5 percent while that of the […].....»»

Category: newsSource:  metrocebuRelated NewsJan 8th, 2018

Peza misses goal as pledges rose only 8.89% to P238B

  The Philippine Economic Zone Authority (Peza) failed to reach its ambitious target in investment pledges for this year despite reporting a single-digit growth from 2016, data showed. Earlier this year, Peza Director General Charito Plaza had set a yearend growth target of 200 to 300 percent, wanting to close 2017 with at least P654.54 billion or at most P872.72 billion worth of pledges. This would have been a drastic improvement from 2016 when pledges fell 26 percent mainly due to political uncertainty both here and abroad. However, pledges fell short of expectations a year after, a shortcoming which Plaza attributed to certain "hindrances." In a briefing on Fri...Keep on reading: Peza misses goal as pledges rose only 8.89% to P238B.....»»

Category: newsSource:  inquirerRelated NewsJan 1st, 2018

These volleyball-playing sisters prove great things come in pairs

With the rise of volleyball in the Philippines, 2017 saw an even bigger growth among the youth who'll end up loving the sport even more as the years go by. And as a kid with humble volleyball dreams, what's better than having a sister you can play with? Aside from being each other's closest buddy on and off the court, these sets of spiking siblings prove that great things come in pairs. Kim and Candice Gequillana   happy birthday manang! sml 💕 A post shared by cacee ❁ (@caceegequillana) on Jul 7, 2017 at 7:56pm PDT Kim Gequillana has long been the Ateneo Lady Eagles' "Magic Bunot", providing much-needed contributions be it with her timely service aces or her wide smile beaming from the bench. Kim's sister Candice, or Cacee, as she is fondly called, is a newcomer for the Heartstrong team, and beside her ate, she's expected to have that signature Gequillana energy to help keep the Lady Eagles in form after a number of veteran departures.   Desiree and Djanel Cheng   Proud of you achi 💚❤️ A post shared by Desiree Wynea Cheng (@chengcherengcheng) on Jan 29, 2016 at 10:26pm PST Des Cheng's renaissance season came last year, when she was a key part of the DLSU Lady Spikers' repeat championship. Coming from an injury, Des showed incredible heart in bouncing back, even leading the Lady Spikers as the season 79 Finals MVP in their win against Ateneo. On another collegiate league, Djanel has been a steady presence for another Green team. She was a part of the College of St. Benilde's historic NCAA volleyball title back in season 91.  They've been a great part of each others' success, and they're a great example to sisters and athlete-siblings, everywhere.    Myla and Marites Pablo Sister 👭👭👭 pic.twitter.com/41w77d57Ec — myla pablo (@iamMylaPablo) January 23, 2016   Myla Pablo needs no introduction. She's been a constant in Philippine volleyball since her days as a National University Lady Bulldog, up to her current stint with the Pocari Sweat Lady Warriors. Her younger sister Marites, a former Lady Bulldog herself, has transfered to Benilde in the hopes of making a name for herself. With a mentor like Myla, Marites would have no problems doing so.   Therese and Ponggay Gaston Therese may not be playing for Ateneo anymore, but the Gaston lineage in the Lady Eagles continues through the bubbly and athletic Ponggay. Daughters of former PBA player Fritz Gaston, they've always had sports in their genes, but more than that, their dad instilled a sense of competitiveness on the siblings early in their lives. "So, high school pa lang, we were very dedicated to volleyball and it was very serious for us," Therse shared in an interview with ABS-CBN Sports last 2016.   Jaja and Dindin Santiago   Nice outfit, Nice Bagsss... #kambal #twintowers #nikebagpack #nikeslingbag #dress #passion haha. A post shared by Alyja Daphne Santiago (@alyjasantiago3) on Jun 20, 2014 at 4:19am PDT National University's twin towers have been tearing it up since their UAAP days. From bright prospects as high school players back in UST, to their collegiate careers as towering players at the net, able to deliver lethal hits, or thunderous blocks. With Jaja standing at 6'6", and older sister Dindin reaching a still-impressive 6'2", it's safe to say that the Santiago sisters are strong by themselves. But together? Unstoppable.  Dindin may be nursing an injury at the moment, but Jaja is proudly representing the Santiago clan with her stellar outing as a member of the Philippine team for the AVC and SEA Games, and now back in NU in the Premier Volleyball League.   Jiezela and Nieza Viray From one set of "twins", to a legit pair, Jiezela and Nieza Viray are both currently playing for San Beda College. From Pangasinan to Mendiola, the Viray twins' exploints aren't limited to indoor volleyball.  They also compete regulary in the NCAA beach volleyball tournament, and in the Beach Volleyball Republic. As you would expect from twins, Jiezela and Nieza are dangerous weapons for the Lady Red Spikers with their high-flying hits and a connection that has been going strong since Day 1.    EJ and Eya Laure Daughters of former PBA player Eddie Laure, Ennajie or EJ, and Ejiya or Eya, definitely carry the stamp of their father. From their athleticism to their first name, which both start with the letter "E", and they're certainly making waves for UST as a formidable duo seen in the previous V-League season. .....»»

Category: sportsSource:  abscbnRelated NewsDec 26th, 2017

ADB raises PH growth forecasts for 2017, 2018

The Asian Development Bank has raised its growth forecasts for the Philippines for this year and next on expectations that the Duterte administration's massive infrastructure program will sustain robust economic expansion. In the supplement to its Asian Development Outlook Update 2017 report released Wednesday, the Manila-based multilateral lender jacked up its gross domestic product (GDP) growth projection to 6.7 percent for 2017 and 6.8 percent for 2018 from 6.5 percent and 6.7 percent, respectively. "This outlook assumes that growth in the government's infrastructure program will accelerate, supported by improvements in budget execution, with more large investment projects under...Keep on reading: ADB raises PH growth forecasts for 2017, 2018.....»»

Category: newsSource:  inquirerRelated NewsDec 14th, 2017

ADB raises PH growth forecasts

The Asian Development Bank (ADB) has upgraded its Philippine growth forecasts for this year and the next on account of infrastructure investments as well as strong household consumption. “GDP (gross domestic product) growth forecasts are raised from 6.5 percent to 6.7 percent for 2017 and from 6.7 percent to 6.8 percent for 2018,” the Manila-based [...] The post ADB raises PH growth forecasts appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsDec 14th, 2017

Fitch upgrades PH credit rating to BBB; fiscal policies support strong, sustained growth

On the back of sound macroeconomic fundamentals, prudent economic policies, and sustained economic growth, Fitch Ratings upgraded on December 11, 2017 the Philippines’ long-term credit rating from “BBB-” to “BBB” with a stable outlook......»»

Category: newsSource:  interaksyonRelated NewsDec 11th, 2017

Philippine economy beats Chinese growth

MANILA, Philippines – The Philippine economy is said to have recorded strong growth in the September quarter of 2017. According to reports, while Philippine President Rodrigo Duterte may have Source link link: Philippine economy beats Chinese growth.....»»

Category: newsSource:  manilainformerRelated NewsDec 11th, 2017

Duterte’s Philippines beats Jinping’s Chinese growth

MANILA, Philippines - The Philippine economy is said to have recorded strong growth in the September quarter of 2017.According to reports, while Philippine President Rodrigo Duterte may have.....»»

Category: newsSource:  manilanewsRelated NewsDec 10th, 2017

Philippine economy beats Chinese growth

MANILA, Philippines - The Philippine economy is said to have recorded strong growth in the September quarter of 2017.According to reports, while Philippine President Rodrigo Duterte may have.....»»

Category: newsSource:  philippinetimesRelated NewsDec 10th, 2017

Cignal closes elims campaign on a high note, faces Cocolife in the quarters

Cignal played with a crippled roster, but it hardly mattered as import Alexis Matthews asserted her dominance at the middle en route to a 25-21, 25-16, 25-14 victory over Victoria Sports-UST in the 2017 Philippine Superliga (PSL) Grand Prix Saturday at the Filoil Flying V Centre in San Juan. Matthews was a solid force to be reckoned with as she single-handedly towed the HD Spikers to a morale-boosting victory. With the win, the HD Spikers formally closed their eliminations campaign at the fourth spot with a 4-4 win-loss card to book a quarterfinal duel with fifth-seed Cocolife on Thursday. F2 Logistics, meanwhile, is set to take the top spot provided that it prevails by at least four sets against newcomer Iriga City. If that happens, Petron will take the second seed while two-time champion Foton will fall to third. Matthews, the 6-foot-3 American middle blocker from Michigan State, did most of the damage at the middle as she knocked down 13 kills and six blocks for 19 points while winger Honey Royse Tubino chipped in eight markers for the HD Spikers, who missed the services of national team member Jovelyn Gonzaga and Rachel Anne Daquis. Gonzaga crashed with a knee injury last week while Daquis is still in the hospital after being diagnosed with dengue. Cignal coach George Pascua said while the victory boosts their confidence for the next round, local players such as Janine Marciano, Mylene Paat, Paneng Mercado and Tubino must all step up and deliver the numbers they will miss if and when Gonzaga and Daquis sit out anew. “I’m happy with our performance, but the locals must step up,” said Pascua, adding that over-confidence nearly doomed their chances in the first set where the Tigresses erected a 20-15 lead before Matthews buckled down to work. “Everybody is performing well and meets our expectations during training. But we should apply what we train and play a notch higher during actual games because things will start to get tough as we enter the quarterfinals.” From a 15-20 disadvantage, Matthews imposed her will at the middle, allowing Mercado to convert a strong kill and Saet to knock down back-to-back aces for a 22-21 lead. Shannen Palec tried to put the Tigresses back into the set with a successful attack, but Mylene Paat and Mathews delivered a pair of hits, giving the HD Spikers the set point, 24-22, and the confidence in the second and third sets. “She (Matthews) played really great,” said Pascua, noting that his other import Beth Carey of Australia was simply out of rythmn. “I just hope she maintains that form in the quarterfinals.” Carla Sandoval and Dimdim Pacres tallied 10 and nine markers, respectively, for the Tigresses, who kissed the tournament goodbye without a single victory in eight matches. They, however, still emerge as biggest winners as they will carry all the lessons they gained in this high-level tourney to the University Athletic Association of the Philippines (UAAP) wars starting February......»»

Category: sportsSource:  abscbnRelated NewsDec 2nd, 2017

Manufacturing surges, boosting GDP contributions by 22.4% in Q3 2017 – Lopez

  MAKATI –– “The Philippine economy smashed expectations to post a 6.9% growth as a robust manufacturing industry expanded by 9.4% and increased its share to GDP by 22.4% in the third quarter of 2017,” Secretary Ramon M. Lopez of the Department of Trade Industry stated. “This economic feat is creating meaningful and well-paying jobs […].....»»

Category: newsSource:  boholnewsdailyRelated NewsNov 17th, 2017