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Digital economy contributes 8.4 pct to Philippine economy in 2023

MANILA, April 25 (Xinhua) -- The digital economy amounted to 2.05 trillion pesos (35.396 billion U.S. dollars) in 2023, contributing 8.4 percent to the country's gross domestic product (GDP), the Philippine Statistics Authority (PSA) said Thursday. "This resulted in a 7.7 percent growth from the 1.90 trillion pesos (32.8 billion dollars) gross value added of the digital economy in 2022," the agency said......»»

Category: newsSource:  manilanewsRelated NewsApr 25th, 2024

Loss of Russian gas has hurt German economy - minister

The country is now in a "particularly" difficult situation, Vice-Chancellor Robert Habeck has warned The German economy has lost its competitive advantage after abandoning Russian gas supplies, Vice-Chancellor and Economy Minister Robert Habeck stated on Wednesday. The EU's top economy benefited from cheap Russ.....»»

Category: lifestyleSource:  abscbnRelated NewsJan 18th, 2024

Losing Russian gas has hurt Germany s economy - minister

The country is now in a "particularly" difficult situation, Vice-Chancellor Robert Habeck has warned The German economy has lost its competitive advantage after abandoning Russian gas supplies, Vice-Chancellor and Economy Minister Robert Habeck stated on Wednesday. The EU's top economy benefited from cheap Russ.....»»

Category: lifestyleSource:  abscbnRelated NewsJan 18th, 2024

Marcos- Philippines will not lift a finger to help ICC drug-war probe - BenarNews

Marcos: Philippines 'will not lift a finger' to help ICC drug-war probe BenarNews.....»»

Category: newsSource:  manilanewsRelated NewsMay 1st, 2024

PLDT, Smart collaborators lift Davao s cacao farmers, agropreneurs

PLDT, Smart collaborators lift Davao s cacao farmers, agropreneurs.....»»

Category: newsSource:  philstarRelated NewsApr 8th, 2024

PLDT, Smart collaborators lift Davao s cacao farmers, agropreneurs

PLDT, Smart collaborators lift Davao s cacao farmers, agropreneurs.....»»

Category: newsSource:  philstarRelated NewsApr 8th, 2024

Amid bearish sentiment, bargain hunting could lift stocks

The stock market is expected to sustain its bearish sentiment this week, but potential bargain hunting may eventually lift shares out of the doldrums......»»

Category: lifestyleSource:  abscbnRelated NewsApr 7th, 2024

Amid bearish sentiment, bargain hunting could lift stocks

The stock market is expected to sustain its bearish sentiment this week, but potential bargain hunting may eventually lift shares out of the doldrums......»»

Category: lifestyleSource:  abscbnRelated NewsApr 7th, 2024

LGU to lift state of calamity over Mindoro oil spill

The municipal government of Pola in Oriental Mindoro will lift the state of calamity it declared over the area following the massive oil spill caused by the sinking of the motor tanker Princess Empress last year......»»

Category: newsSource:  philstarRelated NewsFeb 15th, 2024

Government urged to keep spending, avoid high surplus

The government should not keep a high surplus and instead continue to ramp up spending in order to meet the growing needs of the economy, an economist said......»»

Category: financeSource:  philstarRelated NewsMar 18th, 2024

Japan recession: Scaled back spending helps push economy to where it is now

TOKYO — To grasp the dynamics that bumped Japan into recession and off its perch as the world’s third largest economy on Thursday, look no further than Risa Shinkawa’s dining habits. Unlike unionised workers at big manufacturers such as Toyota Motor, the 32-year-old aesthetician isn’t expecting a pay rise anytime soon. Rather, her salary has.....»»

Category: newsSource:  inquirerRelated NewsFeb 16th, 2024

Japan unexpectedly slips into recession, Germany now world’s third biggest economy

Frail consumption and capital spending point to a challenging outlook for Japan’s economy.....»»

Category: newsSource:  rapplerRelated NewsFeb 15th, 2024

Germany spending billions to replace nuclear power

The EU's largest economy is set to make a large investment in four gas-fired plants, the government has announced Germany is set to spend 16 billion to construct four gas-fired power plants as it seeks to ensure an adequate supply of electricity after scrapping its nuclear reactors, the Economy Ministry announced earl.....»»

Category: newsSource:  philippinetimesRelated NewsFeb 12th, 2024

EU s largest economy spending billions to replace nuclear power

Germany is set to make a large investment in four gas-fired plants, the government has announced Germany is set to spend 16 billion to construct four gas-fired power plants as it seeks to ensure an adequate supply of electricity after scrapping its nuclear reactors, the Economy Ministry announced earlier this week.&nb.....»»

Category: newsSource:  philippinetimesRelated NewsFeb 11th, 2024

PCCI cites economic benefits from Philippines-EU FTA

The country’s largest business organization welcomed the announcement of the resumption of the free trade agreement negotiations between the Philippines and the European Union as it expects the deal to bring economic benefits for both parties......»»

Category: financeSource:  philstarRelated NewsApr 3rd, 2024

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......»»

Category: newsSource:  philstarRelated NewsMar 24th, 2024

PCCI: P100 wage hike to hurt SMEs

The proposed P100 daily minimum wage increase for private sector workers may hurt small and medium enterprise in the country as it may lead to the reduction of their workforce or even closure, the Philippine Chamber of Commerce and Industry warned......»»

Category: financeSource:  philstarRelated NewsFeb 17th, 2024

Go Negosyo, PCCI partner for MSME development

Non-profit group Go Negosyo recently met with officials of the Philippine Chamber of Commerce and Industry as part of efforts to intensify its partnerships with the country’s largest business groups to align with the government’s push to drive development through micro, small and medium enterprises......»»

Category: financeSource:  philstarRelated NewsFeb 15th, 2024

Millennials, Gen Zs seen to lift travel demand

Low-cost carrier AirAsia Philippines is banking on the youth to carry the travel demand this year, as they tend to involve their loved ones in their plans, increasing spending on trips......»»

Category: financeSource:  philstarRelated NewsFeb 3rd, 2024

Suspect in 2019 killing of Ed Dizon arrested

By: CMFR StaffPosted on: May 9, 2024, 5:26 pm CMFR/PHILIPPINES - The Presidential Task Force on Media Security (PTFoMS) gave an update on the 2019 killing of broadcaster Eduardo "Ed" Dizon on May 3, World Press Freedom Day last week, saying police had arrested Junelle Jane Andagkit Poten, a suspect, on May 2 in Barangay Saguing, Makilala, Cotabato after receiving tips on Poten's whereabouts. .....»»

Category: newsSource:  manilanewsRelated NewsMay 10th, 2024