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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......»»
BPI sees stronger credit growth
Bank of the Philippine Islands expects a robust growth in credit this year amid the country’s economic expansion and the planned interest rate cuts by the Bangko Sentral ng Pilipinas......»»
Special ASEAN Regional Summit in Australia
SYDNEY - Although Australia isn't a member of ASEAN, the country is hosting a summit of leaders from nine members of the Association of Southeast Asian Nations.Strengthening economic and security ties will be the focus for the Canberra government, which has set aside $186.7 million to help countries in Southeast Asia and more broadly in the Indo-Pacific region boost their maritime security.Analysts say Au.....»»
Australia Hosting Special ASEAN Regional Summit
SYDNEY - Although Australia isn't a member of ASEAN, the country is hosting a summit of leaders from nine members of the Association of Southeast Asian Nations.Strengthening economic and security ties will be the focus for the Canberra government, which has set aside $186.7 million to help countries in Southeast Asia and more broadly in the Indo-Pacific region boost their maritime security.Analysts say Au.....»»
Special ASEAN Regional Summit in Australia
SYDNEY - Although Australia isn't a member of ASEAN, the country is hosting a summit of leaders from nine members of the Association of Southeast Asian Nations.Strengthening economic and security ties will be the focus for the Canberra government, which has set aside $186.7 million to help countries in Southeast Asia and more broadly in the Indo-Pacific region boost their maritime security.Analysts say Au.....»»
Australia Hosting Special ASEAN Regional Summit
SYDNEY - Although Australia isn't a member of ASEAN, the country is hosting a summit of leaders from nine members of the Association of Southeast Asian Nations.Strengthening economic and security ties will be the focus for the Canberra government, which has set aside $186.7 million to help countries in Southeast Asia and more broadly in the Indo-Pacific region boost their maritime security.Analysts say Au.....»»
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 […].....»»
Near-target 2023 GDP growth acceptable amidst economic challenges – Neda chief
INQUIRER/ MARIANNE BERMUDEZ MANILA, Philippines — The country’s chief socioeconomic planner, Secretary Arsenio Balisacan of the National Economic and Development Authority (Neda), said that a 2023 economic growth slightly lower than the previous year’s 7.6 percent but near the government’s 6 to 7 percent target range would be considered acceptable, given the challenges faced by the.....»»
PH Economy Remains Optimistic Amid Global Slowdown
The country is one of the fastest growing economies in East Asia and the Pacific according to the World Bank, foreseeing robust growth despite global economic slowdown. In the latest World Bank Global Economic Outlook report released on Tuesday, the Philippines is expected to maintain its economic growth rate in 2024 at 5.8%, slightly higher […].....»»
What’s in store in ’24?
This year, 2024, appears to be a hopeful year that will enable our economy to break off from the problems of the pandemic years. According to a study by PIDS, the government think tank, growth will be steady in 2024......»»
Household cuts rice consumption
Household cuts rice consumption.....»»
Faster inflation could delay interest rate cuts – BDO
Faster inflation could delay monetary policy rate cuts from the Bangko Sentral ng Pilipinas , according to an official from BDO Trusts and Investments, the investment arm of BDO Unibank Inc......»»
Gradual BSP rate cuts likely by Q3
The Bangko Sentral ng Pilipinas is expected to make gradual interest rate cuts starting in the third quarter of the year, according to global banking giant Citi......»»
Philippines to grow at faster pace this year – PIDS
Despite global economic challenges, the Philippine economy is expected to expand at a faster pace this year than in 2023, according to state think tank Philippine Institute for Development Studies......»»
S& P: Philippines may miss growth goal this year
S&P Global Ratings sees the Philippines again missing its growth targets this year as it kept its gross domestic product growth forecast at 5.9 percent. While the projection is better compared to other economies in the region, it is again below the government’s 6.5 to 7.5 percent growth target......»»
CitySavings Named One of the 2024 Philippines’ Growth Champions
City Savings Bank (CitySavings) continues to cement its position to become the leading mass market bank in the country with its inclusion as one of the 2024 Philippines’ Growth Champions. The Philippine Daily Inquirer released the report with international market research firm Statista. This year’s Philippines’ Growth Champions are companies with remarkable growth and resilience […].....»»
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.....»»
Marcos visits Australia again for ASEAN summit
Marcos said the ASEAN-Australia Special Summit in Melbourne is an opportunity for the government to reiterate the country’s position on regional and international issues......»»
President Marcos to attend Asean-Australia meet in Melbourne
President Marcos leaves today for Melbourne, Australia to take part in the Association of Southeast Asian Nations (ASEAN)-Australia Special Summit......»»
United Kingdom offers scholarships for ASEAN women in STEM
Under the ASEAN-UK SAGE scholarship program by the U.K. government, women who want to pursue a master’s degree in STEM will receive support in tuition fees, stipends, travel costs, visas, and health coverage fees......»»