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Himachal Pradesh CM Sukhu inaugurates 22 new branches of HPSCB; launches two new schemes
Shimla (Himachal Pradesh) [India], March 6 (ANI): Chief Minister Sukhvinder Singh Sukhu virtually inaugurated 22 new branches of the Himachal Pradesh State Cooperative Bank (HPSCB) on Wednesday. According to an official release from the Chief Minister's Office (CMO), "CM Sukhu launched two new schemes, the 'One-Time Resolution Scheme' and a Loan Scheme for developing high-density apple orchards."The Chief Minister also la.....»»
Pope Francis Appoints Rev. Fr. Luisito Occiano as New Bishop of Virac Diocese
Rev. Fr. Occiano, appointed by Pope Francis as the new bishop of the Diocese of Virac Virac, Catanduanes – Rev. Father Luisito Occiano of the Archdiocese of Caceres was formally appointed by Pope Francis on Thursday, February 29, 2024, as the new Bishop of the Diocese of Virac. Occiano will be the third Bishop of […] The post Pope Francis Appoints Rev. Fr. Luisito Occiano as New Bishop of Virac Diocese appeared first on Bicol Peryodiko......»»
New world hotel kick off Lunar New Year
As the Wood Dragon ascends in 2024, New World Makati Hotel invited guests to celebrate Chinese New Year with auspicious menus at their popular Chinese restaurant Jasmine. There was also a feng shui forecast for the year by geomancer Patrick Lim Fernandez of Yin and Yang Shop of Harmony......»»
Tito Villamor, New President of the Liga ng mga Barangay Provincial Chapter in Catanduanes
The new composition of the Liga ng mga Barangay in the province of Catanduanes has been formally elected. The election took place at the Sangguniang Panlalawigan Session hall this morning, January 12, 2024, where the new leadership of the Liga was elected under the leadership of Panganiban Liga President Tito “Tiay” Villamor. Villamor replaced Liga […] The post Tito Villamor, New President of the Liga ng mga Barangay Provincial Chapter in Catanduanes appeared first on Bicol Peryodiko......»»
‘Economy may grow above 6% in Q2’
The Philippine economy may grow to above six percent in the second quarter mainly due to base effects and improved government spending, according to British banking giant HSBC......»»
For progress
With the Philippines working to become an upper middle-income economy in the coming years, it is undeniable that the private sector plays a vital role in pursuing growth initiatives and driving innovation at th.....»»
World Bank Sees Further Economic Growth for PH
The World Bank sees positive growth in the country’s economy in the next few years. According to the World Bank, they expect the average growth will be at an average of 5.9% annually between 2024 and 2026. The World Bank said that the growth rate in 2024 will be at 5.8%, while 5.9% in 2025. […].....»»
World Bank maintains GDP growth forecast for Philippines to 5.8 pct in 2024
MANILA, June 4 (Xinhua) -- The Philippine economy will accelerate to 5.8 percent this year, and to 5.9 percent in 2025, according to a forecast report released by the World Bank on Tuesday. Growth is expected to be driven by strong household consumption, sustained strength in the services sector, and improved trade stemming from a rebound in global demand for goods and the continued recovery of services, the Wor.....»»
World Bank maintains GDP growth forecast for Philippines to 5.8 pct in 2024
MANILA, June 4 (Xinhua) -- The Philippine economy will accelerate to 5.8 percent this year, and to 5.9 percent in 2025, according to a forecast report released by the World Bank on Tuesday. Growth is expected to be driven by strong household consumption, sustained strength in the services sector, and improved trade stemming from a rebound in global demand for goods and the continued recovery of services, the Wor.....»»
BSP: 150-bps rate cut ‘too aggressive’
Cutting borrowing costs by 150 basis points in two years is possible, but it will be “too aggressive” based on the economy’s current growth trajectory, according to Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr......»»
Global Dominion financed P6.8 billion in 2023
Global Dominion Financing Inc. (Global Dominion) booked P6.8 billion of loans in 2023. This infusion to the Philippine economy mobilized businesses and empowered families to achieve their goals. This growth indicator was highlighted during the company’s 2024 annual stockholders’ meeting, attended by its board of directors, shareholders and senior managers......»»
MAP backs renewal of Meralco franchise
Business group Management Association of the Philippines (MAP) yesterday expressed its support for the renewal of the franchise of Manila Electric Co. to ensure the availability of reliable electricity to support the economy......»»
Philippines to grow below target in next 2 years – BSP
The Philippine economy could grow below the government’s target for the next two years as high global oil prices and elevated interest rates dampen domestic demand, the Bangko Sentral ng Pilipinas said......»»
Philippine launches ambitious railway development plan
In a bid to alleviate the Philippine economy, reduce traffic congestion, enhance connectivity, reduce carbon emissions, and enhance food security across the archipelago, the government has launched an ambitious railway development plan that aims to modernize and significantly expand the country’s railway network......»»
Public-private sector collaboration for Filipino workers
On the day we held our commitment signing for the Trabaho Para sa Bayan: J.O.B.S. (Job Opportunities Building Skills) initiative of the Private Sector Advisory Council (PSAC) in job generation, news also came out about our economy’s first quarter GDP performance, which expanded at an encouraging 5.7 percent year-on-year......»»
‘Early rate cut to boost economy’
Interest rate cuts in the second half will likely boost economic and investment activity in the Philippines, providing some relief to borrowers who have been bearing the weight of restrictive monetary policy, according to ING Bank......»»
Insurance industry earnings expand 45% in January-March
The insurance industry saw its net income soar to more than P14 billion in the first quarter amid a significant increase in the life segment, raising the sector’s contribution to the overall economy to 1.78 percent, according to the Insurance Commission......»»
Global Dominion financed P6.8 billion in 2023
Global Dominion Financing Inc. (Global Dominion) booked P6.8 billion of loans in 2023. This infusion to the Philippine economy mobilized businesses and empowered families to achieve their goals. This growth indicator was highlighted during the company’s 2024 annual stockholders’ meeting, attended by its board of directors, shareholders and senior managers......»»
Taiwan’s indispensability in preparing for future pandemics
The three years of the COVID-19 pandemic resulted in a terrible loss of life and exacerbated health inequalities. The global economy slumped and, worldwide, people’s lives were affected. This experience demonstrated that the present global health governance framework is not effective in responding to threats to global health......»»
Government urged to boost spending for broadband infrastructure
A leading think tank has called on government to aggressively invest in broadband infrastructure to boost the competitiveness of the Philippines in the global digital economy......»»