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Race for global economic dominance sees striking turn of fortunes - ex-IMF official
The assumption that China will eventually overtake the US as the world's largest economy now seems less certain, Eswar Prasad has said The US has extended its lead over China in the race for the globe's largest economy, Bloomberg reported on Friday. The American economy defied forecasts in outperfo.....»»
Xinhua world economic news summary at 0830 GMT, Jan. 18
DAVOS, Switzerland -- Although the global economy is facing sluggish growth and numerous challenges, business leaders attending the 54th annual meeting of the World Economic Forum (WEF) remain confident over the prospects of the Chinese economy. Over recent years, China has been an important engine for the global economy. China's gross domestic product (GDP) posted a growth of 5.2 percent year-on-year in 2023, h.....»»
Digital banks seen profitable in 5-7 years
Digital banks in the Philippines need five to seven years to become profitable, as only two out of six online lenders are doing well so far, according to the Bangko Sentral ng Pilipinas......»»
Higher consumption seen to drive GDP growth faster
The Philippine economy is expected to grow at a faster pace this year with the record-high employment and lower inflation likely to support consumption spending, according to First Metro Investment Corp. (FMIC) and University of Asia and the Pacific (UA&P) Capital Markets Research......»»
DOTr: Government, PPP projects to solve Metro traffic
The Department of Transportation has committed to solve the traffic congestion in Metro Manila through public-private partnerships after the region was ranked as the worst metro in the world in a mobility index......»»
Group bats for lease-free broadband connectivity for digital economy growth
A digital advocacy network said that the Philippines should lift the lease payments for the setup of internet connection, emphasizing that it will have a positive impact on Filipino web users......»»
Philippines digital economy expands by 7.7 percent in 2023
The value of the Philippine digital sector went up by 7.7 percent to P2.05 trillion in 2023 from P1.9 trillion in 2022, according to the Philippine Statistics Authority......»»
Digital connectivity space tackled in amendments to National Building Code
A pending legislation at the House of Representatives amending the 47-year-old National Building Code of the Philippines would make it more responsive to the broadband connectivity demands of a digital economy, a citizen advocacy group said......»»
Top 10 e-commerce sites in the Philippines 2019 - ASEAN UP
With a dynamic economy and a large population proficient with digital technologies, the Philippines is a fast-growing market for e-commerce in Southeast Asia. Several websites and digital applications are already fighting for market share, with global, regional and national players. The growing connectivity of the Philippines, rapidly overcoming the countrys infrastructure difficulties, enable more and Continue reading &q.....»»
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.......»»
SC orders Metro Manila LGUs to cease traffic receipts, confiscate driver s licenses
The Supreme Court ordered Metro Manila local government units to follow the the Metropolitan Manila Development Authority’s single ticketing system instead of using their own traffic violation receipts......»»
Meralco to invest P280 million for Metro Manila Subway
Pangilinan-led Manila Electric Co. will invest P280 million for the Metro Manila Subway Project......»»
MMDA, Palace to tackle proposals to decongest Metro Manila
The Metropolitan Manila Development Authority is set to discuss with Malacañang its proposals to decongest Metro Manila, an MMDA official said yesterday......»»
Should You Bite on Digital Credit Line Offerings?
Digital credit lines have become a prevalent offering for digital platforms like digital banks and online shopping apps. These readily available lines of credit, often so accessible, can be tempting, especially for unexpected expenses. But before you hit “apply,” it’s crucial to weigh the pros and cons to determine if a digital credit line aligns […].....»»
Navigating the Ticketing Maze: Evaluating Digital and Hard Copy Tickets for Performances and Athletic Events
The ticketing landscape for concerts and sporting events has changed significantly in the era of digital innovation, giving customers the option of digital or physical.....»»
Digital times call for digital measures
The Bureau of Internal Revenue has recognized the undeniable rise of digital commerce in the Philippines by promulgating Revenue Regulation16-2023, issued on Dec. 21, 2023, and Revenue Memorandum Circular 08-2024, issued on Jan. 15, 2024, respectively......»»
4Ps beneficiaries learn digital financial literacy from experts
Some 58 Pantawid Pamilyang Pilipino Program (4Ps) beneficiaries learn the importance of digital literacy and savings during the pilot implementation of the 4Ps Digital Financial Literacy Program on Saturday (February 24) at the DSWD Central Office Auditorium, Quezon City. Resource speakers from Landbank of the Philippines (LBP), Bank of the Philippine Islands (BPI) Foundation, and […].....»»
Maya is '1 Digital Bank in PH
Maya now stands as the #1 Digital Bank in the Philippines, revolutionizing the industry with its unified payments and banking services on one digital platform. In 2023, Maya saw a remarkable increase in users, with 3 million depositors, more than double the previous year, and a deposit balance reaching PHP25 billion, a 69% increase from […].....»»
Seniors binigyang kaalaman sa digital skills sa 'SeniorDigizen campaign ng Globe
BAKAS sa mukha ni Lola Erlinda Menor, 75, ang saya matapos makilahok sa #SeniorDigizen learning session na pinangunahan ng Globe kamakailan, na natuto siya tungkol sa digital technology. “Sa edad kong ito, very thankful ako. Ako ay 75 years old ngayon, still moving at masigla. At ayun nga, nadagdagan ang knowledge ko sa digital na mga impormasyon. Napakagandang ….....»»
Metro Cebu will have generally fair weather until weekend — Pagasa Mactan
CEBU CITY, Philippines — Metro Cebu will experience “generally fair weather” until Monday, March 4, according to a weather specialist in Mactan. Jhomer Eclarino, weather specialist of the Philippine Atmospheric, Geophysical and Astronomical Services Administration (Pagasa) in Mactan, confirmed this to CDN Digital on Thursday, February 29. Eclarino said that the temperature will range from.....»»