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Philippines manufacturing output sustains growth in December 2023

MANILA, Feb. 7 (Xinhua) -- The performance of manufacturing production in the Philippines sustained its growth in December 2023, the Philippine Statistics Authority (PSA) said Wednesday. Based on the preliminary results of a monthly survey, the PSA said the year-on-year value of production index (VaPI) and the volume of production index (VoPI) increased by 2.6 percent and 2 percent in December, respectively......»»

Category: newsSource:  manilanewsRelated NewsFeb 8th, 2024

Wholesale price growth slowed in 2023

Growth in bulk prices of goods in the country eased last year as food and three other commodity groups posted slower price increases, according to the Philippine Statistics Authority......»»

Category: financeSource:  philstarRelated NewsFeb 5th, 2024

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......»»

Category: financeSource:  philstarRelated NewsFeb 5th, 2024

Philippines slightly upgrades GDP growth to 6 pct in Q3

MANILA, Jan. 30 (Xinhua) -- The Philippine Statistics Authority (PSA) on Tuesday slightly upgraded year-on-year growth of gross domestic product (GDP) for the third quarter of 2023 to 6 percent from preliminary estimate of 5.9 percent. "The major contributors to the upward revision were manufacturing, from 1.7 percent to 1.8 percent; financial and insurance activities, from 9.5 percent to 9.6 percent; and accomm.....»»

Category: sportsSource:  abscbnRelated NewsFeb 1st, 2024

Moody’s Analytics sees below 5 percent GDP in Q4

Philippine economic growth likely slowed to below five percent in the final quarter of 2023 on the back of softer global economic growth, according to Moody’s Analytics......»»

Category: financeSource:  philstarRelated NewsJan 29th, 2024

NCR retail price growth steady in December – PSA

Retail prices of goods in Metro Ma- nila snapped a three-month downtrend as it maintained its pace of growth in December from the previous month, according to the Philippine Statistics Authority......»»

Category: financeSource:  philstarRelated NewsJan 24th, 2024

Security Bank sees 5.8 percent economic growth in Q4

Security Bank Corp. believes the Philippine economy grew by 5.8 percent in the fourth quarter last year, bringing the full-year gross domestic product growth to 5.6 percent in 2023......»»

Category: financeSource:  philstarRelated NewsJan 21st, 2024

NCR construction materials price growth eases in 2023

Retail price growth of construction materials in Metro Manila eased in 2023 from the previous year as all commodity groups posted slower increases, according to the Philippine Statistics Authority......»»

Category: financeSource:  philstarRelated NewsJan 16th, 2024

Xinhua world news summary at 1500 GMT, Jan. 11

MANILA -- Philippine President Ferdinand Romualdez Marcos on Thursday night expressed optimism that his country can reach a gross domestic product (GDP) growth target of 6 percent to 7 percent for 2023. "The Philippines is touted to become one of the fastest-growing economies among major Asian countries in 2023," said Marcos during a traditional ceremony at the presidential palace in Manila. (Philippines-Growth-.....»»

Category: newsSource:  philippinetimesRelated NewsJan 14th, 2024

Xinhua world news summary at 1500 GMT, Jan. 11

MANILA -- Philippine President Ferdinand Romualdez Marcos on Thursday night expressed optimism that his country can reach a gross domestic product (GDP) growth target of 6 percent to 7 percent for 2023. "The Philippines is touted to become one of the fastest-growing economies among major Asian countries in 2023," said Marcos during a traditional ceremony at the presidential palace in Manila. (Philippines-Growth-.....»»

Category: newsSource:  manilanewsRelated NewsJan 12th, 2024

Hontiveros asks colleagues to reconsider divorce, SOGIE bills

Sen. Risa Hontiveros appealed to the Senate leadership to rethink its stance on her two controversial measures – divorce and SOGIE equality bills – amid reports that these have a slim chance of passing at the Senate......»»

Category: newsSource:  philstarRelated NewsJun 7th, 2024

Cebu Pacific adds new Taiwan route

Low-cost carrier Cebu Pacific is opening another new route in Asia Pacific, this time in Taiwan, as the airline keeps an aggressive stance in expanding its flight network abroad......»»

Category: financeSource:  philstarRelated NewsMay 30th, 2024

Maxene Magalona on divorce: ‘Letting go is medicine for the soul’

CEBU CITY, Philippines— “We deserve divorce.” Maxene Magalona shared a short but powerful line in her lengthy Instagram post about the hotly debated divorce bill. The online discussions have sparked mixed reactions, with some supporting the bill and others strongly opposing it. Today, actress and yoga instructor Maxene expressed her stance. She began her post.....»»

Category: newsSource:  inquirerRelated NewsMay 30th, 2024

Philippine central bank holds key interest rates

MANILA, May 16 (Xinhua) -- The Philippine central bank opted Thursday to keep the bank's target reverse repurchase rate at 6.5 percent and the interest rates on the overnight deposit and lending facilities at 6 percent and 7 percent, respectively. In a press conference, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona said that inflation expectations remain well-anchored while a restrictive policy stance.....»»

Category: newsSource:  manilanewsRelated NewsMay 17th, 2024

Citi sees shallow rate cuts in 2024, 2025

Global banking giant Citi is now expecting smaller interest rate cuts from the Bangko Sentral ng Pilipinas in the next two years due to a more cautious stance on inflation risks......»»

Category: financeSource:  philstarRelated NewsMay 12th, 2024

April inflation seen breaching 4 percent target

Inflation likely picked up and breached the four percent upper target for the first time in five months in April, which will prompt the Bangko Sentral ng Pilipinas (BSP) to keep its hawkish stance, a poll of economists showed......»»

Category: financeSource:  philstarRelated NewsMay 5th, 2024

Really sad : Daniel Radcliffe at odds with JK Rowling over transgender stance

Radcliffe, who played boy wizard Potter in the wildly successful film adaptations of Rowling's best-selling books, has found himself at odds with Rowling on the thorny issue of gender identity......»»

Category: entertainmentSource:  philstarRelated NewsMay 5th, 2024

Dito ends Smart’s streak as Philippines fastest operator

Industry disruptor Dito Telecommunity Inc. outpaced its competitors in the speed contest in the first quarter, showing its aggressive stance despite its young network and financial struggles......»»

Category: financeSource:  philstarRelated NewsApr 30th, 2024

Marcos Jr’s Cha-cha: A Threat to Filipino Migrants and the Motherland

In a world fraught with uncertainty, where the allure of overseas employment often masks the harsh realities of exploitation and separation, Migrante Europe's stance against Marcos Jr's cha-cha serves as a beacon of hope......»»

Category: newsSource:  davaotodayRelated NewsApr 18th, 2024

Rama reconsiders, unites with councilors for 2025 midterm elections

CEBU CITY, Philippines – Despite previously expressing doubts about his confidence in some incumbent councilors due to their cooperation with his vision, City Mayor Michael Rama appears to have reconsidered his stance. He recently announced that these councilors would still be part of his alliance for the 2025 midterm elections. READ: Rama: 2025 election candidates.....»»

Category: newsSource:  inquirerRelated NewsMar 26th, 2024