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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.....»»
FACT CHECK | President Marcos says the ICC may come but the government won’t cooperate with their investigation
MindaNews fact-checked the claim made by the YouTube channel KABAYAN NEWS PH that President Ferdinand Marcos Jr. has declared he won’t allow the International Criminal Court to enter the country and investigate alleged extrajudicial killings committed under the “war on drugs” of the Duterte administration. The claim is false, as Marcos said the ICC may come but the government or any of its agencies would not cooperate in their […].....»»
Trending tickers: Trump Media, Tesla, Bitcoin and DS Smith
Former US president Donald Trump’s media firm, Trump Media & Technology Group, had a successful stock market debut in New York, with shares soaring past.....»»
Trump wins South Carolina, swamping Nikki Haley in her home state
The lopsided outcome will bolster calls from Donald Trump's allies that Nikki Haley, Trump's last remaining challenger, should drop out of the race.....»»
Shares of Trump-linked companies rise- Bloomberg
The former president secured a record margin of victory in Iowa's Republican caucus on Monday Shares in companies linked to former US President Donald Trump surged after his first victory in the campaign to reclaim the White House, Bloomberg reported on Tuesday. On Monday, Trump decisively beat his chief rivals.....»»
FACT CHECK: P20K automatic monthly pension for senior citizens false
A YouTube channel, Tita Kitkat TV claims that the government will now provide an automatic P20,000 monthly social pension for all senior citizens......»»
Russian economy on sustainable growth trajectory - Mishustin
The country's GDP expanded above expectations last year Russia has not only withstood the pressure of Western sanctions and outside risks but has also managed to steer its economy toward sustainable growth, Prime Minister Mikhail Mishustin said on Tuesday. Every sector of industry registered positive dev.....»»
Vietnam s GDP to reach nearly 470 bln USD in 2024: IMF
HANOI, March 14 (Xinhua) -- Vietnam's gross domestic product (GDP) is forecast to reach about 469.7 billion U.S. dollars by the end of 2024, ranking the fifth in Southeast Asia, Vietnam News reported Thursday, citing the International Monetary Fund (IMF). Indonesia, Thailand, Singapore and the Philippines have taken the leading positions in the forecast. According to IMF, Vietnam's GDP was estimated to ha.....»»
Social Media Firms Shares Soar in Stock Market Debut
India’s GDP Growth Rate Drops to 4.7% in Latest Quarter According to provisional data released by the Central Statistical Office, India’s GDP growth rate has.....»»
‘Investment spending rebounds in 2023 4Q, driving GDP growth’
‘Investment spending rebounds in 2023 4Q, driving GDP growth’.....»»
Philippines slightly upgrades GDP growth to 6 pct in Q3
MANILA, Jan. 30 (Xinhua) -- The Philippine Statistics Authority (PSA) on Tuesday slightly upgraded year-on-year growth of gross domestic product (GDP) for the third quarter of 2023 to 6 percent from preliminary estimate of 5.9 percent. "The major contributors to the upward revision were manufacturing, from 1.7 percent to 1.8 percent; financial and insurance activities, from 9.5 percent to 9.6 percent; and accomm.....»»
Digital economy contributes 8.4 pct to Philippine economy in 2023
MANILA, April 25 (Xinhua) -- The digital economy amounted to 2.05 trillion pesos (35.396 billion U.S. dollars) in 2023, contributing 8.4 percent to the country's gross domestic product (GDP), the Philippine Statistics Authority (PSA) said Thursday. "This resulted in a 7.7 percent growth from the 1.90 trillion pesos (32.8 billion dollars) gross value added of the digital economy in 2022," the agency said......»»
Mandaue gripped by ‘false’ bomb threats, officials enraged
MANDAUE CITY, Philippines – The Mandaue City Government condemned on Thursday, Feb. 15, the recent bomb threats targeting schools and government offices in the city. In a press release, authorities assured the public that these claims are entirely false and there is no cause for concern. “We want to unequivocally state that the alleged.....»»
DFA slams Chinese consul general’s false narratives on West Philippine Sea
The Department of Foreign Affairs slammed a Chinese official yesterday for again making false claims on the West Philippine Sea issue......»»
FACT CHECK: One-time P10,000 benefits for senior citizens false
The YouTube Channel Balitang Pinas made a video claiming senior citizens or persons aged 60 years old and above who have obtained their senior citizen’s ID can now obtain a financial incentive worth 10,000 pesos......»»
FACT CHECK: No Marcos-Duterte order for Arnold Clavio to leave the country
The false claim stems from Clavio’s criticism on his Instagram account of former president Rodrigo Duterte.....»»
FACT CHECK: No Marcos declaration of revolutionary government
There has been no announcement from Malacañang about establishing a revolutionary government. The false claim circulated amid recent moves in Congress to amend the Constitution......»»
FACT CHECK | Schools of ‘lupoy’ fish beaching in Sarangani Bay triggered by upwelling
Experts dismissed as false the claim of Facebook page The Watchmen’s Earth and Space connection that the beaching of tons of “nervous” fish in Maasim, Sarangani was driven by an unknown phenomenon. In a post on January 7, the popular page stated: “Ok Philippines on the matter of the massive amount of fish in Sarangani. […].....»»
Q3 GDP growth revised upward to 6 percent
The Philippine economy posted a slightly faster growth rate in the third quarter of 2023 than initially reported, according to the Philippine Statistics Authority......»»
Philippine economy growth may reach 6 pct to 7 pct in 2023: Marcos
MANILA, Jan. 11 (Xinhua) -- Philippine President Ferdinand Romualdez Marcos on Thursday night expressed optimism that his country can reach a gross domestic product (GDP) growth target of 6 percent to 7 percent for 2023. "The Philippines is touted to become one of the fastest-growing economies among major Asian countries in 2023," said Marcos during a traditional ceremony at the presidential palace in Manila......»»