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Fitch sees Philippine economy growing by 6.4% in 2024

“We expect output growth to accelerate to 6.4 percent in 2024, reflecting base effects from a weaker 2023 and our assessment that policy rates have peaked. Consumer confidence has been weakening, but business confidence has recovered strongly.”.....»»

Category: financeSource:  philstarRelated NewsMar 15th, 2024

Grab contributes up to 0.3 percent to GDP – study

Ride-hailing giant Grab Philippines contributes as much as 0.3 percent to the economy, as a peso spent on the platform generates an additional P3.42 in output, according to a recent report......»»

Category: financeSource:  philstarRelated NewsMar 12th, 2024

Agoda Spotlights Three Philippine Havens for Mindful Explorers

As the Philippine government invests more in its Green Economy Model (GEM), digital travel platform Agoda spotlights three destinations that are leading the pack in more conscious tourism. Coron in Palawan, Panglao in Bohol, and Siargao in Surigao del Sur have been prioritized by the Department of Environment and Natural Resources (DENR) for their conservation […].....»»

Category: newsSource:  metrocebuRelated NewsMar 9th, 2024

Bank lending picks up pace in January

Despite elevated interest rates, bank lending growth climbed to an eight-month high of 7.8 percent in January, amid the continued recovery of the economy......»»

Category: financeSource:  philstarRelated NewsMar 8th, 2024

Japan credit rater bullish on Philippine growth this year

The Philippine economy is likely to grow by six percent this year, mainly driven by robust private consumption amid easing prices and stable remittances, Japan Credit Rating Agency Ltd. said......»»

Category: financeSource:  philstarRelated NewsMar 7th, 2024

COMMENTARY | Strategies for powering progress: The Visayas energy imperative 

As one of the country's major urban centers, Cebu City's demand for energy has surged, driven by a growing population, an expanding industrial sector, and a thriving tourism industry. Beneath its busy streets and growing economy lies the critical challenge of the urgent need for increased power generation capacity. .....»»

Category: newsSource:  philstarRelated NewsMar 7th, 2024

Bloomberry opens Quezon City casino in May

The company’s financial and operating results for 2023, “reflect a resilient Philippine economy amid a challenging global economic landscape,” Razon said......»»

Category: financeSource:  philstarRelated NewsMar 5th, 2024

SteelAsia to recycle rebars for ALI, MDC

Ayala Land Inc. SteelAsia Manufacturing and Makati Development Corp. have signed a memorandum of understanding for a groundbreaking collaboration advancing circular economy and decarbonization methods in the construction industry......»»

Category: newsSource:  philstarRelated NewsMar 3rd, 2024

Workers buck wage hike in installments

Stressing the need for a one-time significant wage increase to effectively stimulate the local economy, labor group Federation of Free Workers has rejected the proposal by some legislators and the business sector for an installment-based legislated wage increase......»»

Category: newsSource:  philstarRelated NewsMar 3rd, 2024

More jobs to keep Pinoys home, lawmakers told

An economy stimulated by foreign investments could lead to the generation of more local jobs so that Filipinos will no longer seek work abroad, a former overseas Filipino worker said during deliberations of Resolution of Both Houses No. 7 by the House of Representatives’ committee of the whole on Wednesday......»»

Category: newsSource:  philstarRelated NewsFeb 29th, 2024

Owning our WPS blue economy

It was the late Senator Arturo Tolentino who authored the country’s first-ever Baseline Law, Sen. Tolentino recalled......»»

Category: newsSource:  philstarRelated NewsFeb 29th, 2024

Grab Philippines commends Marcos, Romualdez on transpo reforms

During the meeting between Grab Holdings, Inc. executives with PBBM, Grab proudly shared its significant contribution to the nation's economy, having eased unemployment by 1.1% from 2019 to 2021......»»

Category: financeSource:  philstarRelated NewsFeb 29th, 2024

Concepcion: Creating jobs more sustainable than legislated wage hike

A skilled workforce and a vibrant economy that creates jobs are a more sustainable approach to attaining higher wages instead of immediately increasing the minimum wage, according to entrepreneurship advocacy group Go Negosyo......»»

Category: newsSource:  philstarRelated NewsFeb 28th, 2024

The WTO: More important now than ever

Trade is the lifeblood of the global economy – it brings countries and people together and can transform our lives for the better......»»

Category: newsSource:  philstarRelated NewsFeb 28th, 2024

German manufacturing hits four-month low - S& P Global

Factory activity has dropped further than expected by economists, signaling a sharp downturn in the economy, data shows German manufacturing activity dropped well below expectations in February, indicating an accelerated rate of economic downturn, the latest data compiled by S&P Global has revealed.   .....»»

Category: newsSource:  philippinetimesRelated NewsFeb 27th, 2024

EDITORIAL - Economic initiatives

While the two chambers of Congress duke it out over Charter change ostensibly to attract more foreign investments, local businessmen have listed 12 initiatives that they say can strengthen the economy......»»

Category: newsSource:  philstarRelated NewsFeb 23rd, 2024

JAZA upbeat on Philippines growth prospects

Ayala Corp. chairman Jaime Augusto Zobel de Ayala is upbeat on the Philippine economy’s growth this year......»»

Category: financeSource:  philstarRelated NewsFeb 20th, 2024

SMC’s P1.03-trillion gift

Sept. 15, 2024 will be a watershed date for millions of Filipino travelers, for Philippine tourism and indeed for the country’s economy in general......»»

Category: newsSource:  philstarRelated NewsFeb 20th, 2024

Marcos limits constitutional changes to economic front

President Ferdinand Marcos Jr. announced a focused approach to constitutional changes, concentrating solely on economic provisions to boost the Philippine economy. .....»»

Category: financeSource:  philstarRelated NewsFeb 19th, 2024

Vista Land’s innovative projects boost Manila’s investment draw

With a robust economy supported by government initiatives, a prime location in the metro, and a rich tapestry of educational, cultural, and historic landmarks, Manila has positioned itself as a hotspot for lucrative real estate deals......»»

Category: financeSource:  philstarRelated NewsFeb 19th, 2024