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Third-quarter GDP growth disappoints

THE PHILIPPINE ECONOMY grew at its slowest pace in three years last quarter, weighed down by tempered household spending amid high inflation and farm contraction, the Philippine Statistics Authority (PSA) said on Thursday......»»

Category: financeSource: bworldonline bworldonlineNov 8th, 2018

Stocks drop as GDP growth disappoints

Stock market investors reacted negatively on the disappointing second quarter performance of the economy– a lackluster six percent growth– as the benchmark Philippine Stock Exchange index lost 30.75 points or 0.39 percent to finish at 7,8270.71......»»

Category: financeSource:  philstarRelated NewsAug 9th, 2018

Starbucks key sales figure disappoints; shares fall

  NEW YORK --- Starbucks reported disappointing sales growth in its most recent quarter, and shares of the coffee chain fell in after-hours trading on Thursday.   But the company also said it expects to earn more this year than it had previously expected, due to the recent changes in United States tax law that slashed the corporate tax rate.   Looking ahead, the company said it will focus on streamlining its business, like the recent sale of its Tazo tea brand, but it didn't provide details. It also wants to lure more customers to buy coffee and food in the afternoon, and it will focus on opening more stores in China, its fastest-growing market. &...Keep on reading: Starbucks key sales figure disappoints; shares fall.....»»

Category: newsSource:  inquirerRelated NewsJan 26th, 2018

Earnings of Gotianun-led FDC surge in 3rd quarter

FILINVEST Development Corp. (FDC) reported a 68% growth in attributable profit for the third quarter of 2018, as its banking, property, power generation, sugar, and hotel operations all posted higher revenues for the period......»»

Category: newsSource:  bworldonlineRelated News13 hr. 9 min. ago

LT Group attributable profit surges on higher PNB gains

LT GROUP, Inc. (LTG)’s attributable profit surged by 57% in the third quarter of 2018, boosted by the growth of its banking unit and an improving environment for the tobacco business......»»

Category: newsSource:  bworldonlineRelated NewsNov 12th, 2018

From the Front Page: Third telco named, GDP growth disappoints

Your weekly recap of BusinessWorld news......»»

Category: newsSource:  bworldonlineRelated NewsNov 10th, 2018

BSP urged to hold off rate hike

Economists said the slower-than-expected economic growth in the third quarter has given the Bangko Sentral ng Pilipinas (BSP) more room to pause its tightening cycle......»»

Category: financeSource:  philstarRelated NewsNov 9th, 2018

DOF sees economy picking up growth pace in fourth quarter

The country’s economic growth may pick up pace in the fourth quarter on the back of higher investments and consumption, fuelled by easing inflation, as well as holiday and election spending, an official of the Department of Finance (DOF) said......»»

Category: financeSource:  philstarRelated NewsNov 9th, 2018

Philippines seen struggling to reverse weakening economic growth momentum

The Philippines will struggle to reverse its economy’s weakening growth momentum after the country posted a disappointing gross domestic product print in the third quarter, a think tank said......»»

Category: newsSource:  philstarRelated NewsNov 9th, 2018

PH Still Among Asia’s Fastest Growing Economies

The Philippines remained one of the fastest growing economies in Asia even after posting slightly slower growth at 6.1 percent in the third quarter, due to weaker agriculture output and ‘temporary’ decline in household spending over an inflation surge. In a press briefing on Thursday, Socioeconomic Planning Secretary Ernesto Pernia said an economic growth of […].....»»

Category: newsSource:  metrocebuRelated NewsNov 9th, 2018

6.1% Q3 GDP growth slowest in 3 yrs

Due to high prices, many consumers cut down on their purchases of food, among other essential items, hence tempering a major booster to the Philippine economy and slowing overall economic growth to a three-year low of 6.1 percent year-on-year in the third quarter.   "We are not exactly exuberant about the 6.1-percent growth rate, but comforted that we remain one of the fastest-growing economies in Asia, next to Vietnam at 7 percent, China at 6.5 percent, and way ahead of Indonesia at 5.2 percent," Socioeconomic Planning Secretary Ernesto M. Pernia said in a press conference yesterday.   The gross domestic product (GDP) expansion during the first nine months of the y...Keep on reading: 6.1% Q3 GDP growth slowest in 3 yrs.....»»

Category: newsSource:  inquirerRelated NewsNov 9th, 2018

GDP growth slowed to 6.1% in third quarter

GDP growth slowed to 6.1% in third quarter.....»»

Category: financeSource:  thestandardRelated NewsNov 8th, 2018

Economy grows at slower 6.1% pace in third quarter of 2018

The economy continued its growth streak of at least six percent for the 14th consecutive quarter but failed to keep up with market expectations, growing by 6.1 percent in the third quarter this year......»»

Category: financeSource:  philstarRelated NewsNov 8th, 2018

Stocks end flat as GDP growth slows

The stock market closed flat yesterday after the slower-than-expected third quarter economic growth of 6. 1 percent in the third quarter......»»

Category: financeSource:  philstarRelated NewsNov 8th, 2018

Main index ekes out gain on Q3 GDP growth data

LOCAL SHARES barely moved on Thursday, weighed down by the slower-than-expected economic growth in the third quarter......»»

Category: newsSource:  bworldonlineRelated NewsNov 8th, 2018

DOF Eyes 6.5% GDP Growth in Q3

The Department of Finance (DOF) is projecting “at least 6.5 percent” growth for the Philippine economy in the third quarter this year, higher than the upwardly revised 6.2 percent in the previous quarter. In a report to Finance Secretary Carlos Dominguez III, Finance Undersecretary and DOF economist Gil Beltran said the third quarter output is […].....»»

Category: newsSource:  metrocebuRelated NewsNov 8th, 2018

PH’s 6.1% GDP in Q3 3rd fastest in Asia

The country remains among the fastest-growing economies in Asia by registering a 6.1 percent gross domestic product (GDP) in the third quarter, according to the National Economic Development Authority (NEDA) chief. “We are not exactly exuberant about the 6.1 percent growth rate but still comforted that we remain one of the fastest-growing economies in Asia, […].....»»

Category: newsSource:  tribuneRelated NewsNov 8th, 2018

Philippine economy grows slower in Q3

The Philippine economy expanded at a slower pace in the third quarter amid weak consumer spending and lackluster agriculture growth, the country’s statistics agency reported Thursday......»»

Category: financeSource:  philstarRelated NewsNov 8th, 2018

Metro Pacific says on track to hit P15-billion core profit this year

METRO PACIFIC Investments Corp. (MPIC) is on track to end the year with around P15 billion in core net income, a single-digit increase from year-ago figures due to the expected slower growth in the fourth quarter......»»

Category: financeSource:  bworldonlineRelated NewsNov 7th, 2018

Peso back at P52:$1 level

THE PESO returned to the P52-per-dollar level on Wednesday, its best in three months, as the market digested the results US mid-term elections and positioned ahead of third-quarter economic growth data to be released today......»»

Category: newsSource:  bworldonlineRelated NewsNov 7th, 2018

DoF sees 6.5% GDP growth in Q3 

GOVERNMENT spending and manufacturing growth likely supported the Philippine economy to rise by 6.5 percent in the third quarter of 2018, the Department of Finance (DoF) said on Wednesday. “We...READ MORE The post DoF sees 6.5% GDP growth in Q3  appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsNov 7th, 2018