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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......»»
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......»»
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......»»
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.....»»
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......»»
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......»»
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......»»
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......»»
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-.....»»
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-.....»»
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......»»
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......»»
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.....»»
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.....»»
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......»»
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......»»
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......»»
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......»»
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......»»
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.....»»