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UBS sees 2-digit credit growth for Philippines banks

Banks operating in the Philippines are expected to post a double-digit credit growth this year on the back of robust economic expansion, according to banking giant UBS......»»

Category: financeSource:  philstarRelated NewsMar 1st, 2024

BPI sees stronger credit growth

Bank of the Philippine Islands expects a robust growth in credit this year amid the country’s economic expansion and the planned interest rate cuts by the Bangko Sentral ng Pilipinas......»»

Category: financeSource:  philstarRelated NewsFeb 5th, 2024

Think tank sees likelihood of BSP rate cuts starting Q2

The Bangko Sentral ng Pilipinas is expected to start cutting interest rates in the second quarter following the economic growth posted last year, according to UK-based think tank Pantheon Macroeconomics......»»

Category: financeSource:  philstarRelated NewsFeb 3rd, 2024

Monde Nissin sees sales, earnings growth in 2023

Monde Nissin Corp., the listed snack foods giant, expects core net income to have grown by mid-teens for 2023 with sales expected to have hit a high single-digit year-on-year growth......»»

Category: financeSource:  philstarRelated NewsJan 24th, 2024

Double-digit growth in bank lending seen this year

The Philippine banking sector is expected to book double-digit growth in loan disbursements this year on the back of robust economic growth, according to BMI Country Risk & Industry Research......»»

Category: newsSource:  philstarRelated NewsJan 19th, 2024

Philippines posts 5.6% GDP growth in 2023, misses gov t target

The country’s gross domestic product (GDP) grew 5.6% in the fourth quarter from a year earlier, falling short of the government target, the Philippine Statistics Authority (PSA) reported on Wednesday......»»

Category: newsSource:  philstarRelated NewsJan 31st, 2024

‘Long ways to go’: Cone still sees room for improvement after Gilas rout

Coach Tim Cone sees both the good and the bad in Gilas Pilipinas' 30-point demolition of Hong Kong at the start of the FIBA Asia Cup Qualifiers.....»»

Category: newsSource:  rapplerRelated NewsFeb 23rd, 2024

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.....»»

Category: newsSource:  philippinetimesRelated NewsJan 27th, 2024

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.....»»

Category: newsSource:  manilanewsRelated NewsJan 26th, 2024

Economy likely grew by 6.2 percent in Q4

The Philippine economy likely posted a faster growth rate in the fourth quarter of 2023 than in the third quarter, supported by gains in the labor market, according to an economist......»»

Category: newsSource:  philstarRelated NewsJan 14th, 2024

SM conglomerate optimistic on growth prospects for 2024

Conglomerate SM Investments Corp. of the Sy family is cautiously optimistic for 2024, but remains committed to stay on growth mode after solid contributions from its core businesses and higher earnings contribution from portfolio investments, which lifted earnings by a quarter to P77 billion in 2023......»»

Category: financeSource:  philstarRelated NewsMar 1st, 2024

Mavy Legaspi sees no problem with Darren Espanto, Kyline Alcantara shipping

Kapuso actor Mavy Legaspi sees no problem with former love team partner Kyline Alcantara being "shipped" or teased with Darren Espanto......»»

Category: entertainmentSource:  philstarRelated NewsApr 15th, 2024

Landbank sees 2-digit earnings this year

Land Bank of the Philippines is looking at a double-digit growth in net income this year following a record performance in 2023......»»

Category: financeSource:  philstarRelated NewsJan 29th, 2024

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......»»

Category: financeSource:  philstarRelated NewsApr 4th, 2024

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.....»»

Category: sportsSource:  abscbnRelated NewsFeb 1st, 2024

NEDA says 6 percent Q1 growth possible

A six percent economic growth in the first quarter is possible given developments in the labor market and lower inflation, according to the National Economic and Development Authority......»»

Category: financeSource:  philstarRelated NewsApr 15th, 2024

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.....»»

Category: newsSource:  thedailyguardianRelated NewsMar 22nd, 2024

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......»»

Category: financeSource:  philstarRelated NewsJan 30th, 2024

MAV suspension plan up for review

The Department of Agriculture plan to suspend the minimum access volume on pork and corn would undergo the scrutiny of the government’s economic cluster, a DA official said yesterday......»»

Category: financeSource:  philstarRelated NewsFeb 14th, 2024

BCCP raises concerns over plans to curb meat imports

The British Chamber of Commerce Philippines expressed concerns on the agriculture department’s plan to temporarily suspend the minimum access volume on corn and pork......»»

Category: financeSource:  philstarRelated NewsFeb 10th, 2024