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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......»»
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.....»»
Philippines GDP growth slows to 5.6 pct in 2023
© Provided by Xinhua MANILA, Feb. 1 (Xinhua) -- The Philippine economy grew by 5.6 percent in 2023 after expanding by 5.6 percent in the fourth quarter, below the 6 to 7 percent target range for 2023 set by the government, the Philippine Statistics Authority.....»»
Philippines GDP growth slows to 5.6 pct in 2023
© Provided by Xinhua MANILA, Feb. 1 (Xinhua) -- The Philippine economy grew by 5.6 percent in 2023 after expanding by 5.6 percent in the fourth quarter, below the 6 to 7 percent target range for 2023 set by the government, the Philippine Statistics Authority.....»»
Bank credit growth slows anew in November
The expansion of credit in the country slowed anew in November 2023 due to still elevated interest rates, the Bangko Sentral ng Pilipinas said......»»
S& P: Philippines may miss growth goal this year
S&P Global Ratings sees the Philippines again missing its growth targets this year as it kept its gross domestic product growth forecast at 5.9 percent. While the projection is better compared to other economies in the region, it is again below the government’s 6.5 to 7.5 percent growth target......»»
CitySavings Named One of the 2024 Philippines’ Growth Champions
City Savings Bank (CitySavings) continues to cement its position to become the leading mass market bank in the country with its inclusion as one of the 2024 Philippines’ Growth Champions. The Philippine Daily Inquirer released the report with international market research firm Statista. This year’s Philippines’ Growth Champions are companies with remarkable growth and resilience […].....»»
Factory activity eases in March
The growth in Philippine manufacturing activity eased slightly to 50.9 percent in March from 51 percent in February as production levels declined amid material shortages......»»
Slower US Inflation Spurs Fed Rate-Cut Optimism
Title: Inflation Slows in the US, Raising Expectations of Interest Rate Cut Subtitle: International Economic Developments to Impact Global Markets Date: [Current Date] Byline: [Your.....»»
Philippines inflation rate slows to 2.8 pct in January
MANILA, Feb. 6 (Xinhua) -- Year-on-year inflation in the Philippines further eased to 2.8 percent in January from 3.9 percent in December 2023, the Philippine Statistics Authority (PSA) said on Tuesday. PSA head Dennis Mapa told a press conference that the January inflation rate is the lowest since the 2.3 percent inflation rate was recorded in October 2020. In January 2023, inflation rate was 8.7 percent.....»»
ADB cuts Philippines growth outlook to 6% in 2024
The Asian Development Bank has trimmed its growth forecast for the Philippines for this year, citing risks posed by extreme weather events that can drive up inflation and the slower growth in advanced economies......»»
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.....»»