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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.....»»

Category: newsSource:  inquirerRelated NewsMar 14th, 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

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

Higher consumption seen to drive GDP growth faster

The Philippine economy is expected to grow at a faster pace this year with the record-high employment and lower inflation likely to support consumption spending, according to First Metro Investment Corp. (FMIC) and University of Asia and the Pacific (UA&P) Capital Markets Research......»»

Category: financeSource:  philstarRelated NewsFeb 19th, 2024

Quick rollout of PPPs to boost economic growth

The rollout of more infrastructure projects that involve the private sector is expected to prop up economic growth with the government likely to make up for its lagged spending last year, according to banking giant UBS......»»

Category: financeSource:  philstarRelated NewsFeb 29th, 2024

Prime Infra unit starts first auto MRF plant

Prime Integrated Waste Solutions Inc., a subsidiary of Enrique Razon’s Prime Infra, has inaugurated the country’s first automated materials recovery facility (MRF) that will help address solid waste management problems......»»

Category: financeSource:  philstarRelated NewsJan 31st, 2024

P126-B earmarked for C. Luzon infra projects

P126-B earmarked for C. Luzon infra projects.....»»

Category: newsSource:  sunstarRelated NewsJan 30th, 2024

DPWH completes infra projects in Aurora, Ecija

DPWH completes infra projects in Aurora, Ecija.....»»

Category: newsSource:  sunstarRelated NewsJan 25th, 2024

Infrastructure spending hits lowest level in November

Government spending for infrastructure dropped to a year-low in November last year even after state agencies were ordered to catch up on their expenses to boost economic growth......»»

Category: financeSource:  philstarRelated NewsFeb 3rd, 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

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

Jollibee spending P23 billion for capex

Jollibee Foods Corp. is spending as much as P23 billion this year to sustain its growth momentum after posting strong profitability in 2023......»»

Category: financeSource:  philstarRelated NewsMar 12th, 2024

Small businesses may make up 60% of Philippines GDP – Visa

Small businesses in the Philippines may produce as much as 60 percent of the country’s gross domestic product (GDP) if financial institutions and the government could help the sector grow in the coming years, according to global digital payments platform Visa......»»

Category: financeSource:  philstarRelated NewsMar 15th, 2024

PSA to announce Q4 GDP figure today at 10 a.m.

The Philippine Statistics Authority (PSA) will announce its data on the Q4 GDP number at 10 a.m. this morning......»»

Category: financeSource:  philstarRelated NewsJan 31st, 2024

World Bank downgrades Philippine GDP projections for 2024 and 2025

The World Bank downgraded its GDP projections for the Philippines in 2024 and 2025 due to “various headwinds facing private investment”, like the effects of higher interest rates and “rising indebtedness.”.....»»

Category: financeSource:  philstarRelated NewsJan 11th, 2024

Cebuana Lhuillier, Packworks boost MSME growth with ‘Sari Fund’

Cebuana Lhuillier, Packworks boost MSME growth with ‘Sari Fund’.....»»

Category: sportsSource:  abscbnRelated NewsFeb 17th, 2024

Wage hike to cut GDP growth, raise unemployment – NEDA

The proposed legislation for a P100 wage increase for private workers could shave up to 0.5 percentage point off the country’s economic growth and reverse gains ......»»

Category: financeSource:  philstarRelated NewsFeb 23rd, 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

Moody’s Analytics sees below 5 percent GDP in Q4

Philippine economic growth likely slowed to below five percent in the final quarter of 2023 on the back of softer global economic growth, according to Moody’s Analytics......»»

Category: financeSource:  philstarRelated NewsJan 29th, 2024