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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......»»
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 […].....»»
AsPac govts spending heavily on digital security
As state agencies fall victim to cyber attacks, the public sector in Asia Pacific, including in the Philippines, is investing at least $7 billion this year for the upgrade of digital defenses......»»
ICT spending in AsPac reaches $1.3 trillion in 2023
Information and communications technology spending in Asia and the Pacific reached the $1.3 trillion mark in 2023, as companies increased their investments on automation and cloud to survive and thrive in the digital era......»»
Philippine Company Earns Lead Safe PaintCertification
1 March 2024, Quezon City, Philippines. Architectural, marine, automotive, traffic, textile, and industrial paints produced by a 100% Filipino-owned paint company were declared Lead Safe Paint (LSP) following a third-party certification that verifies paints contain less than 90 parts per million (ppm) total lead, the most stringent regulatory limit for lead content in pain.....»»
Philippine Company Earns Lead Safe PaintCertification
1 March 2024, Quezon City, Philippines. Architectural, marine, automotive, traffic, textile, and industrial paints produced by a 100% Filipino-owned paint company were declared Lead Safe Paint (LSP) following a third-party certification that verifies paints contain less than 90 parts per million (ppm) total lead, the most stringent regulatory limit for lead content in pain.....»»
BSP seen to cut rates by 100 bps this year
The Bangko Sentral ng Pilipinas is seen slashing interest rates by as much as 100 basis points this year as easing inflation could support the growth of the country’s banking sector in the next two years, Fitch Ratings said......»»
India, Philippines have seen very perceptible growth in recent times: Jaishankar
Manila [Philippines], March 26 (ANI): Hailing ties between India and the Philippines, External Affairs Minister S Jaishankar, who is on a visit to the Philippines on Tuesday, said that ties between Delhi and Manila have witnessed a very perceptible growth in recent times. Addressing a joint press briefing with Philippine Secretary of Foreign Affairs Enrique Manalo, Jaishankar said, "As you all know, India's ties with the.....»»
Philippines-Australia business deals seen to fuel economic growth
The business deals signed recently between the Philippines and Australia will help ensure economic growth and security in the Philippines, an international think tank said......»»
Rate cut seen to boost growth
The much anticipated monetary policy easing will bolster the country’s economic expansion, but the growth will still be below targets amid risks stemming from the impact of El Niño, according to Sun Life Investment Management and Trust Corp.......»»
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......»»
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.....»»
Philippines to lead growth in ASEAN+3
The Philippines is expected to post the fastest economic growth in the Association of Southeast Asian Nations Plus 3 this year and the next, according to the ASEAN+3 Macroeconomic Research Office......»»
Juvenile sharks seen frolicking in shores of Santander, Cebu
CONSOLACION, Cebu – Juvenile sharks were seen frolicking off the shores of Santander town in the southernmost tip of Cebu on Tuesday, February 13. Cris Ungab Oniong captured on video the juvenile sharks seemingly playing on the shallow portions of the town’s shore when he visited Santander. The video showed the sharks swimming along the.....»»
Newly inaugurated roads in Dalaguete seen to help farmers
Newly inaugurated roads in Dalaguete seen to help farmers.....»»
Empowering Business Growth by Knowing When to Say ‘No’
In the ever-changing world of entrepreneurship, the word “No” carries a lot of weight, often overlooked in the rush to grab every opportunity. While it’s usually seen as a negative, realizing the value of saying “No” can make a difference in how you handle business. Turning down an opportunity or saying no to a money […].....»»
Business groups laud passage of Salt Industry Development Act
Business groups Philippine Exporters Confederation Inc. (Philexport) and Philippine Chamber of Commerce and Industry (PCCI) welcomed the approval of a law that aims to revive the salt industry which is seen to support economic growth and help create jobs......»»