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East Asia and Pacific to see moderate growth

The East Asia and the Pacific region is expected to have moderate growth this year amid headwinds from tight financial conditions and geopolitical rifts, according to a new report from the World Economic Forum......»»

Category: financeSource:  philstarRelated NewsJan 17th, 2024

World Bank expects faster growth for Philippines this year

Economic growth in the Philippines is projected to be faster this year than in 2023, but the pace will be lower than the government’s target, the World Bank said in a report......»»

Category: financeSource:  philstarRelated NewsJan 10th, 2024

Lebanon: Gaddafi Son Wrongfully Held for 8 Years

(Beirut) - Lebanese authorities should immediately release Hannibal Gaddafi, a son of Libya's former leader, who has been held in pretrial detention on spurious charges since his arrest in December 2015, Human Rights Watch said today. Nearly 80 percent of Lebanon's prison population is in pretrial.....»»

Category: newsSource:  philippinetimesRelated NewsJan 16th, 2024

Residential, mall growth boost FLI profit

The real estate developer of the Gotianun clan kicked off the year with a 14 percent increase in profit, picking up growth momentum from the residential and mall segments......»»

Category: financeSource:  philstarRelated NewsMay 18th, 2024

PNB books 10.4% growth in Q1 income

Philippine National Bank of tobacco and airline magnate Lucio Tan booked a 10.4-percent increase in earnings to P5.31 billion in the first quarter from a year-ago level of P4.81 billion, boosted by core business growth and lower credit provisions......»»

Category: financeSource:  philstarRelated NewsMay 2nd, 2024

BPI bullish this year amid continued loan growth

After posting record earnings in the first quarter, Bank of the Philippine Islands is optimistic about its growth prospects for this year as it sees its loan book growing by 11 to 12 percent, mainly driven by higher loans from consumers......»»

Category: financeSource:  philstarRelated NewsApr 24th, 2024

Q3 GDP growth revised upward to 6 percent

The Philippine economy posted a slightly faster growth rate in the third quarter of 2023 than initially reported, according to the Philippine Statistics Authority......»»

Category: financeSource:  philstarRelated NewsJan 30th, 2024

Government urged to lift ecozone ban in Metro Manila

The government may consider lifting the moratorium on the establishment of economic zones based in Metro Manila in order to spur more economic activity and growth for the entire country, a local official said......»»

Category: financeSource:  philstarRelated NewsApr 21st, 2024

‘Philippines elevating to upper-middle income status next year’

The Philippines remains on track to become an upper-middle income economy in 2025, even as the government trimmed its economic growth target for this year, according to the National Economic and Development Authority......»»

Category: financeSource:  philstarRelated NewsApr 5th, 2024

Regional growth centers eyed for pharma ecozones

Ecozone developers are looking at the provinces of Bulacan, Laguna, Tarlac and Cebu as areas for establishing pharmaceutical economic zones in the country, according to the Philippine Economic Zone Authority......»»

Category: financeSource:  philstarRelated NewsMar 18th, 2024

Analysts paint rosier economic picture for 2024

The country’s strong economic growth is likely to be sustained this year on the back of rising exports and robust private consumption, according to the Department of Trade and Industry as well as private banks......»»

Category: financeSource:  philstarRelated NewsFeb 3rd, 2024

Stocks rebound on encouraging GDP numbers

Local stocks rebounded from a two-day slump after Philippine economic growth was reported at 5.6 percent yesterday......»»

Category: financeSource:  philstarRelated NewsJan 31st, 2024

Philippines likely missed 2023 growth target

While some economists believe the Philippine economy likely grew faster in the fourth quarter, the overall expansion in 2023 is still expected to fall short of the six to seven percent target penned by the government’s economic managers......»»

Category: financeSource:  philstarRelated NewsJan 29th, 2024

Data centers: Philippine’s new investment magnet

When we opened the new year, the country celebrated significant gains in foreign direct investment in 2023 and recognized the imperative to fortify its appeal to global investors. In a statement by Philippine Economic Zone Authority director general Tereso Panga, it was highlighted that the country was able to surpass our conservative 10 percent growth target this year, with investment approvals.....»»

Category: financeSource:  philstarRelated NewsJan 25th, 2024

Data centers: Phl’s new investment magnet

When we opened the new year, the country celebrated significant gains in foreign direct investment in 2023 and recognized the imperative to fortify its appeal to global investors. In a statement by Philippine Economic Zone Authority director general Tereso Panga, it was highlighted that the country was able to surpass our conservative 10 percent growth target this year, with investment approvals.....»»

Category: financeSource:  philstarRelated NewsJan 24th, 2024

Palit- liderato ng Senado nagbigay pag-asa sa economic Cha-cha

Nagbigay pag-asa ang pagbabago sa liderato ng Senado para sa panukalang amyendahan ang economic provisions ng 1987 Constitution ayon sa beteranong abogado at kongresista na si Rep Edcel Lagman ng Albay. The post Palit- liderato ng Senado nagbigay pag-asa sa economic Cha-cha first appeared on Abante......»»

Category: newsSource:  abanteRelated NewsMay 27th, 2024

‘No risk of political reform in economic Cha-cha’

Apprehensions over possible insertion of political reforms like lifting of term limits for elected officials are misplaced since the ongoing economic Charter change in Congress covers only economic provisions, according to former Supreme Court justice Adolfo Azcuna......»»

Category: newsSource:  philstarRelated NewsMar 6th, 2024

NEDA Chief: More reforms needed to unlock full benefits of Cha-cha

MANILA, Philippines  —Socioeconomic Planning Secretary Arsenio Balisacan on Saturday reiterated his support for the proposed amendments particularly to the restrictive economic provisions of the Constitution. Those changes, the National Economic and Development Authority (Neda) chief said in a statement, are crucial for the economic advancement and competitiveness of the Philippines. Balisacan issued the statement to.....»»

Category: newsSource:  inquirerRelated NewsJan 27th, 2024

Charter change: Only the economic provisions should be included

So much controversy is being unnecessarily generated with this Charter change issue but in reality, changes to the overly protectionist economic provisions in the 1987 Constitution should be debated upon because it hinders the country from realizing its full economic potential......»»

Category: newsSource:  philstarRelated NewsJan 27th, 2024

Extreme weather, economic downturn top risks for Philippines – WEF

Extreme weather events, an economic downturn and shortage in energy supply are the top risks seen in the Philippines for the next two years, according to the World Economic Forum......»»

Category: financeSource:  philstarRelated NewsJan 13th, 2024