Advertisements


Growth expected to hit 7% in 2018

Economic growth could pick up to 7.0-7.2 percent this year on the back on higher infrastructure and consumer spending as a result of a new tax reform law, a unit of Bank of the Philippine Islands (BPI) said on Friday. “We are extremely optimistic of the growth of the Philippine economy,” BPI Asset Management and [...] The post Growth expected to hit 7% in 2018 appeared first on The Manila Times Online......»»

Category: newsSource: manilatimes_net manilatimes_netJan 12th, 2018

BoJ tightening to begin sooner than expected

JAPAN’S ECONOMY will exceed growth forecasts this year, prompting the central bank to tighten monetary policy by mid-year, said Allen Sinai, president of Decision Economics Inc. Sinai said he expects Japan’s economy to grow 2% in 2018, and even faster in 2019, perhaps as much as 2.5%. “What has snuck up on everybody is the […] The post BoJ tightening to begin sooner than expected appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsJan 12th, 2018

Economic managers cut revenue program for 2018

Economic managers on Friday trimmed the government’s revenue program for next year on account of lower-than-expected proceeds from the newly-signed Tax Reform for Acceleration and Inclusion (Train) Act. Economic growth and inflation targets were retained but other macroeconomic indicators were revised by the interagency Development Budget Coordination Committee (DBCC). The DBCC-approved revenue program for 2018 [...] The post Economic managers cut revenue program for 2018 appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsDec 22nd, 2017

GDP growth in 2017 expected to top 6.7% — NEDA

THE ECONOMY will not hit 7% growth this year, but could do so in 2018 as infrastructure spending gains traction, Socioeconomic Planning Secretary Ernesto M. Pernia said. Mr. Pernia made the remarks in forecasting 2017 gross domestic product (GDP) growth of “at least 6.7%” but added that fourth quarter growth of 8% or more is […] The post GDP growth in 2017 expected to top 6.7% — NEDA appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsDec 14th, 2017

NEDA eyes 6 big infra project rollouts, 8% GDP growth in 2018

MANILA, Philippines – Filipinos can look forward to some much-awaited infrastructure projects finally breaking ground in 2018, and bringing even stronger economic growth, if the expectations of the National Economic and Development Authority (NEDA) hold true. Next year is when the effects of the Build, Build, Build program are expected ........»»

Category: newsSource:  rapplerRelated NewsDec 14th, 2017

Fullerton Health announces PH market entry through the acquisition of Intellicare Group

Fullerton Healthcare Corporation Limited (Fullerton Health) have announced that it has entered into agreements to acquire a 60% stake in the Intellicare Group, one of the leading managed care providers in the Philippines. The Philippines is an important market in Asia Pacific for Fullerton Health, underpinned by attractive underlying growth drivers. Completion of the transaction is subject to the fulfilment of certain conditions and is expected to complete in early 2018. The Intellicare Group was founded in 1995 and is strategically aligned with Fullerton Health's vision of being Asia Pacific's preeminent total healthcare solution provider. The Intellicare Group comprises three comp...Keep on reading: Fullerton Health announces PH market entry through the acquisition of Intellicare Group.....»»

Category: newsSource:  inquirerRelated NewsDec 12th, 2017

‘PH debt to grow by 11% next year’

Total debt for the Philippines is expected to expand by 11 percent next year, S&P Global Ratings said, the second-fastest among Asia Pacific economies. Credit prospects are better for economies like the Philippines following the easing of market fears that were prominent a year ago, S&P said in its “Asia-Pacific Debt Growth 2018: Slightly Faster [...] The post ‘PH debt to grow by 11% next year’ appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsDec 5th, 2017

Hike in BSP rates seen by end ’18

An economist of financial giant DBS Bank Ltd. forecasts a total of 100 basis points increase in the Bangko Sentral ng Pilipinas’ (BSP) key rates until end-2018 as domestic growth remains strong and global interest rates are expected to be on an uptrend. In a research note, DBS Bank Ltd.….....»»

Category: newsSource:  journalRelated NewsDec 4th, 2017

Puerto Princesa’s Cruise Tourism Shows Promise in 2018

Cruise tourism here looks promising next year with the expected arrival of nine pleasure voyages starting January. This shows that Puerto Princesa is actively participating in the growth of cruise ship tourism in the country,... The post Puerto Princesa’s Cruise Tourism Shows Promise in 2018 appeared first on MetroCebu News......»»

Category: newsSource:  metrocebuRelated NewsNov 15th, 2017

CBCP to tackle new guidelines from Rome in plenary assembly

  The president of the Catholic Bishops' Conference of the Philippines (CBCP) urged the faithful to pray for their prelates as they meet for their plenary assembly later this month in Cebu City.   Davao Archbishop Romulo Valles is expected to lead the first plenary assembly for 2018 fromJanuary 22 to 29.   In an interview over Radio Veritas, the prelate appealed to the faithful to pray for their bishops as they discuss issues relevant to the Catholic Church.   "We need your prayers so that we will be enlightened and fruitful in our discussions regarding what we would do as we move forward as leaders of the Church," Valles said.   Th...Keep on reading: CBCP to tackle new guidelines from Rome in plenary assembly.....»»

Category: newsSource:  inquirerRelated News10 hr. 8 min. ago

Pressure mounting for monetary policy response to credit growth, imports — ANZ

By Melissa Luz T. Lopez, Senior Reporter IMBALANCES in the Philippine economy could intensify further amid an expected rise in commodity prices and accelerated credit and imports growth, analysts at ANZ Research said, in the absence of policy rate hikes from the central bank. An “elevated” trade deficit coupled with inflation pressures will continue to […] The post Pressure mounting for monetary policy response to credit growth, imports — ANZ appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated News16 hr. 42 min. ago

Wells Fargo raises US employees’ hourly pay

SAN FRANCISCO -- Many employers are boosting hourly pay, and Wells Fargo is the latest company to join the ranks. Wells Fargo announced an expansion of its ongoing investments in team members, communities, small businesses and homeownership, pledging the following actions to support economic growth with tax reform: Raising the minimum hourly pay rate for its team members to $15 per hour. The company's increased minimum hourly pay rate of $15 for U.S.-based team members goes into effect in March 2018. The new rate is an 11 percent increase to the current minimum hourly rate of $13.50 that the company announced in January 2017. Targeting $400 million in donations to co...Keep on reading: Wells Fargo raises US employees’ hourly pay.....»»

Category: newsSource:  inquirerRelated News22 hr. 21 min. ago

OFW remittances to grow 4.7% in Nov

MANILA, Philippines — The growth in the amount of money sent by overseas Filipino workers (OFWs) is expected to slow down at 4.7 percent in November 2017 due.....»»

Category: financeSource:  philstarRelated NewsJan 15th, 2018

OFW remittance growth may have slowed in Nov.

By Melissa Luz T. Lopez, Senior Reporter REMITTANCES from overseas Filipino workers (OFWs) likely grew at a slower pace in November ahead of an expected surge the following month, HSBC Global Research said, adding that the indicator is on track to post another record for 2017. HSBC economists expect remittances to pick up by 4.7% […] The post OFW remittance growth may have slowed in Nov. appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsJan 15th, 2018

Report: Thabo Sefolosha to get season-ending surgery on MCL

NBA.com staff report The Utah Jazz will reportedly lose a key component to their perimeter rotation. Shams Charania of Yahoo Sports tweeted on Saturday that Thabo Sefolosha will undergo season-ending surgery on his right MCL, which he injured during Friday's (Saturday, PHL time) loss at Charlotte. Marc Stein of the New York Times also tweeted that the veteran swingman will miss at least six months. NBA.com's David Aldridge confirmed the report, adding that a final decision on Sefolosha's surgery would be reached next week. Utah Jazz forward Thabo Sefolosha is expected to undergo season-ending surgery on an MCL injury in his right knee, league sources say. — Shams Charania (@ShamsCharania) January 13, 2018 Preliminary estimates on Utah’s Thabo Sefolosha are that he will miss at least six months, league sources say — Marc Stein (@TheSteinLine) January 13, 2018 Source confirms season-ending knee surgery for Thabo Sefolosha is likely (@ShamsCharania first), but final decision to be made next week. Would be tough blow for Jazz; Sefolosha was shooting 49 from the floor and 38 from three this season. Injured knee vs. Charlotte on Friday. — David Aldridge (@daldridgetnt) January 13, 2018 Sefolosha, who signed with the Jazz as a free agent last offseason, is averaging 8.2 points, 4.2 rebounds and 1.4 steals per contest. Utah sports a plus-4.9 net rating with him on the floor and a minus-4.6 net rating without. Utah is currently 17-25, sitting in 10th place in the Western Conference......»»

Category: sportsSource:  abscbnRelated NewsJan 15th, 2018

Jr. NBA goes digital as it enters new decade

Jr. NBA is back in business and for 2018, it's about to be bigger than ever. Kicking off a new decade of the youth basketball program, Jr. NBA Philippines has once again teamed up with Alaska to launch the 2018 edition Saturday at Don Bosco Technical Institute in Makati. The Jr. NBA Philippines 2018 will run through May and is expected to hit more than 250,000 participants all over the country. "This year is our 11th year and we wanna make it bigger and better," NBA Philippines Managing Director Carlo Singson told ABS-CBN Sports. "Last year we had about 30,000 players and coaches participating and obviously we want to grow that number but we also want to create new digital, mobile, and social content so that more people can benefit from Jr. NBA," he added. Speaking of the planned move to digital by Jr. NBA, Singson says that their website has been re-launched to accomodate free content. It should allow basketball enthusiasts, even those who cannot directly participate to Jr. NBA events, to access useful tips and drills. "A lot more content geared towards players, coaches, and just fans of the game," Singson said. "So if you're a young basketball coach that has a team and wants new ideas, that will be on our site they can just watch or stream it, potentially even download it. Basically, it's gonna be on 365 days a year. That's the vision for the website, a lot of content is gonna be up. That is one of our key initiatives, to build our presence on the digital side," he added. Following this weekend's tip off, several coaching clinics will run until March while regional selection camps will go until April. Finally, a national training camp will take place in May with the main event slated for May 20 at the SM Mall of Asia. Online registration for Jr. NBA Philippines is now live at www.jrnba.asia/philippines   --- Follow this writer on Twitter, @paullintag8.....»»

Category: sportsSource:  abscbnRelated NewsJan 13th, 2018

Global airline industry ‘in a good place’ –IATA

THE global airline industry “is in a good place” at the beginning of 2018 after posting 8-percent growth in November, the International Air Transport Association (IATA) said. “The airline industry is in a good place entering 2018. November’s strong demand gives the industry momentum. The number of unique city-pair connections now tops 20,000,” IATA Director [...] The post Global airline industry ‘in a good place’ –IATA appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJan 12th, 2018

Exporters Optimistic to Sustain Revenue Growth in 2018

The Philippine Exporters Confederation, Inc. (Philexport), the umbrella organization of exporters in the country, expressed optimism that the sector’s positive growth in 2017 could be sustained this year. This is despite export revenues in November 2017 recording its slowest growth last year at 1.6 percent year-on-year. Data from the Philippine Statistics Authority (PSA) showed that […].....»»

Category: newsSource:  metrocebuRelated NewsJan 12th, 2018

Philippine banking industry on solid ground despite risks

PHILIPPINE banks can be expected to keep solid footing this year despite “rising” credit risks as interest rates pick up and robust loan growth continues, analysts at BMI Research said. “We expect the performance of Philippine banks to remain supported by the robust macroeconomic backdrop, but this will be somewhat offset by rising interest rates […] The post Philippine banking industry on solid ground despite risks appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsJan 12th, 2018

Power rate hike looms due to tax reform law

A POWER SUPPLIER based in Iloilo City said electricity rates are expected to spike by February or March 2018 following the imposition of higher excise tax on coal and diesel. The Tax Reform for Acceleration and Inclusion (TRAIN), which took effect January 2018, imposes a P50 excise tax on every metric ton of coal and […] The post Power rate hike looms due to tax reform law appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsJan 11th, 2018

Shakey’s to open 20 new stores in 2018

SHAKEY’S Pizza Asia Ventures, Inc. plans to put up 20 new stores in the country this year amid continued positive consumer sentiment that is underpinned by accelerating economic growth. The new stores will bring its total network to 228 outlets by the end of 2018. In a disclosure to the Philippine Stock Exchange, Shakey’s said [...] The post Shakey’s to open 20 new stores in 2018 appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsJan 11th, 2018