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Philippines likely grew below target in 2023 – economists

The economy likely posted growth below the government’s target of six to seven percent in 2023, according to economists......»»

Category: financeSource:  philstarRelated NewsJan 29th, 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

Economy to expand at faster pace in 2024

The Philippine economy is expected to grow at a faster pace this year than in 2023 despite headwinds, but the growth will be below the government’s target, according to First Metro Investment Corp.......»»

Category: financeSource:  philstarRelated NewsJan 13th, 2024

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......»»

Category: financeSource:  philstarRelated NewsMar 28th, 2024

NEDA chief sees 2015 growth at 6% despite typhoons

By Leslie D. Venzon MANILA, Dec. 17 (PNA) — The government is optimistic about achieving its target economic growth of 6.9 percent in the fourth quarter despite the devastation wrought by typhoons,........»»

Category: newsSource:  philippinestodaRelated NewsApr 13th, 2024

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

Near-target 2023 GDP growth acceptable amidst economic challenges – Neda chief

INQUIRER/ MARIANNE BERMUDEZ MANILA, Philippines — The country’s chief socioeconomic planner, Secretary Arsenio Balisacan of the National Economic and Development Authority (Neda), said that a 2023 economic growth slightly lower than the previous year’s 7.6 percent but near the government’s 6 to 7 percent target range would be considered acceptable, given the challenges faced by the.....»»

Category: newsSource:  inquirerRelated NewsJan 29th, 2024

Gov t cuts growth target to 6%-7% — NEDA

In a press briefing with the members of the press on Thursday, Balisacan said that the country's economic growth target had been revised following a careful consideration of factors such as the global economic slowdown, rising oil prices and inflation trends......»»

Category: financeSource:  philstarRelated NewsApr 4th, 2024

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 […].....»»

Category: newsSource:  metrocebuRelated NewsMar 8th, 2024

Tarlac tragedy leads to a sad, different revisit of KPop hit song

CEBU CITY, Philippines — A Korean pop (KPop) group’s 2009 hit song “I Don’t Care”, has become a sad song for Filipino netizens this December. This was how some netizens described the Korean group’s 2NE1’s hit song as it became one of the trending topics on  Twitter on December 21, 2020 after Sunday’s shooting incident […].....»»

Category: newsSource:  balitaRelated NewsApr 9th, 2024

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.....»»

Category: newsSource:  philippinetimesRelated NewsJan 27th, 2024

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.....»»

Category: newsSource:  manilanewsRelated NewsJan 26th, 2024

BIR to boost digital efforts to hit P3T target

BIR to boost digital efforts to hit P3T target.....»»

Category: newsSource:  sunstarRelated NewsMar 6th, 2024

BSP: Inflation surpassed target in March

Inflation likely continued its uptick in March but breaching the target of the central bank for the first time in three months amid more expensive electricity costs, oil and food prices......»»

Category: financeSource:  philstarRelated NewsApr 1st, 2024

New Delhi raises target for defense exports

India is set to increase production of aircraft engines and gas turbines, aiming to become a major player in the arms tradeThe Indian government has increased its annual target for defense and aerospace production to $36 billion, while raising the export target to $6 billion. Indian Defense Minister Rajnath Singh said the country aims to increase its production of jet engines and gas turbines to.....»»

Category: newsSource:  philippinetimesRelated NewsFeb 27th, 2024

SSS Surpass 2023 Revenue Target by 9.5%

The Social Security System (SSS) said it surpassed its revenue target for 2023, the highest revenue ever recorded according to SSS Chief Executive Officer Rolando Ledesma Macasaet. In a press release, SSS said they had initially set the revenue target for last year at Php330 billion but have achieved 9.5% more or Php362.20 billion. “Our […].....»»

Category: newsSource:  metrocebuRelated NewsFeb 21st, 2024

Leyte sets aside P20-M for Covid-19 vaccines

ACQUIRING VACCINES. Leyte Governor Leopoldo Dominico Petilla is shown during a meeting on Dec. 11, 2020. The provincial government of Leyte has initially allocated PHP20 million for the procurement of Covid-19 vaccines once it is available in the market, Petilla said on Monday (Dec. 21, 2020). (Photo courtesy of the Leyte provincial government) TACLOBAN CITY […].....»»

Category: newsSource:  balitaRelated NewsApr 9th, 2024

CNPF net income up by 12 percent in 2023

Century Pacific Food Inc., the Po family’s listed food and beverage firm, overcame headwinds from inflationary environment last year to finish with a double-digit profit growth, driven by a strong performance of its branded business......»»

Category: financeSource:  philstarRelated NewsApr 10th, 2024

Nomura hikes Philippines growth target for 2024

Nomura Global Markets Research has upgraded its economic growth forecast for the Philippines to six percent from 5.8 percent for this year after a better-than-expected expansion in 2023......»»

Category: financeSource:  philstarRelated NewsFeb 9th, 2024

Economy likely grew by 6.2 percent in Q4

The Philippine economy likely posted a faster growth rate in the fourth quarter of 2023 than in the third quarter, supported by gains in the labor market, according to an economist......»»

Category: newsSource:  philstarRelated NewsJan 14th, 2024