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Race for global economic dominance sees striking turn of fortunes - ex-IMF official
The assumption that China will eventually overtake the US as the world's largest economy now seems less certain, Eswar Prasad has said The US has extended its lead over China in the race for the globe's largest economy, Bloomberg reported on Friday. The American economy defied forecasts in outperfo.....»»
ChatGPT – Year of the Dragon
The bull market in stocks was driven by the enthusiasm over artificial intelligence and the myriads of possibilities that it offers. Considering this and the upcoming Chinese New Year, we thought it was appropriate to ask ChatGPT, OpenAI’s chat bot, about its forecasts for the year of the dragon......»»
ADB lends $20 million for affordable housing project
The Asian Development Bank is extending up to $20 million worth of loans to Lhoopa Inc. to bankroll its affordable housing project in the Philippines......»»
ADB lends P2.4 billion to iSON for buildup of telco towers
The Asian Development Bank is extending P2.4 billion in loans to iSON Tower Limited Inc. to bankroll the construction and operation of 800 shared telecommunication towers in the country......»»
ADB OKs $400,000 assistance to Philippines for offshore wind projects
The Asian Development Bank is extending $400,000 to the Philippines to support the development of offshore wind ports in the country......»»
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.....»»
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.....»»
PAGASA: Up to two cyclones likely in Philippines this May
The weather agency forecasts two possible cyclone tracks......»»
Google’s new AI forecasts extreme weather events
Google has announced the development of artificial intelligence technology specifically dedicated to weather forecasting and the anticipation of extreme weather events. Faster and more cost-effective than current solutions, it could be able to alert people to the risk of incoming storms, floods or heatwaves. Since last year, some of the biggest names in tech have.....»»
Summer is officially here, says Pagasa
Friday, March 22, 2024, has been declared as the official start of the summer season by the Philippine Atmospheric, Geophysical, and Astronomical Services Administration (Pagasa). Dr. Nathaniel Servando, Pagasa chief, announced this during a press briefing, today. READ: Pagasa forecasts two days of 46°C heat index in La Union “Today, we officially declare the start of.....»»
Nvidia exceeds expectations with strong results and forecasts as China sales decline significantly
Nvidia (NVDA) Exceeds Expectations with Strong Fourth-Quarter Earnings Graphics chip giant Nvidia (NVDA) has reported fourth-quarter earnings that surpassed analysts’ expectations, both on the top.....»»
Shear line-induced disaster death in Davao Region climbs to 12
Summary: The Davao Region has witnessed a devastating toll with 12 reported casualties due to the ongoing shear line surge and localized thunderstorms, leading to widespread flooding in eastern sections of Mindanao. In Monkayo, 10 lives were lost during a prayer meeting, with one person still missing and a child hospitalized. Financial assistance and support are being provided to the affected families. In Davao City, two individuals were buried alive in separate incidents. The Regional Disaster Risk Reduction and Management Council has raised the alert status to closely monitor the situation. The state weather bureau forecasts continued adverse weather conditions in the coming days......»»
ADB: Manufacturing benefits the most from remittances
The manufacturing sector is the biggest recipient of spending made by households receiving remittances from overseas Filipino workers, according to the Asian Development Bank......»»
NEDA Optimistic on Economic Growth in the PH for 2024
National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan expressed optimism about the country’s economic growth for 2024. According to Balicasan, major development organizations like the IMF, ADB, and the World Bank expect the country to have an economic growth rate of at least 6%. The IMF projects a growth rate of 6.2%, the ADB […].....»»
ADB cuts Philippines growth outlook to 6% in 2024
The Asian Development Bank has trimmed its growth forecast for the Philippines for this year, citing risks posed by extreme weather events that can drive up inflation and the slower growth in advanced economies......»»
Double-digit growth in bank lending seen this year
The Philippine banking sector is expected to book double-digit growth in loan disbursements this year on the back of robust economic growth, according to BMI Country Risk & Industry Research......»»
Adrian Lindayag sa pagkakaroon ng HIV: Turning pain into power
ISANG rebelasyon ang ibinahagi ng Kapamilya star na si Adrian Lindayag namg aminin nito na na-diagnose siya bilang HIV (human immunodeficiency virus) positive. Sa kanyang exclusive interview sa ABS-CBN News nitong Huwebes, April 4, ibinahagi niya ang kanyang pinagdaanan matapos malaman ang kanyang sakit. “It was late 2017 when I was diagnosed as positive for.....»»
Adrian Lindayag sa pagkakaroon ng HIV: Turning pain into power
ISANG rebelasyon ang ibinahagi ng Kapamilya star na si Adrian Lindayag namg aminin nito na na-diagnose siya bilang HIV (human immunodeficiency virus) positive. Sa kanyang exclusive interview sa ABS-CBN News nitong Huwebes, April 4, ibinahagi niya ang kanyang pinagdaanan matapos malaman ang kanyang sakit. “It was late 2017 when I was diagnosed as positive for.....»»
Adrian Lindayag sa pagkakaroon ng HIV: Turning pain into power
ISANG rebelasyon ang ibinahagi ng Kapamilya star na si Adrian Lindayag namg aminin nito na na-diagnose siya bilang HIV (human immunodeficiency virus) positive. Sa kanyang exclusive interview sa ABS-CBN News nitong Huwebes, April 4, ibinahagi niya ang kanyang pinagdaanan matapos malaman ang kanyang sakit. “It was late 2017 when I was diagnosed as positive for.....»»
Adrian Lindayag sa pagkakaroon ng HIV: Turning pain into power
ISANG rebelasyon ang ibinahagi ng Kapamilya star na si Adrian Lindayag namg aminin nito na na-diagnose siya bilang HIV (human immunodeficiency virus) positive. Sa kanyang exclusive interview sa ABS-CBN News nitong Huwebes, April 4, ibinahagi niya ang kanyang pinagdaanan matapos malaman ang kanyang sakit. “It was late 2017 when I was diagnosed as positive for.....»»