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PAGASA: Danger heat index in 13 areas today
At least 13 areas in the Philippines could experience a “danger” heat index of 44 degrees Celsius today amid the continued effects of El Niño and the dry season, according to the state weather bureau......»»
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......»»
Bank lending picks up pace in January
Despite elevated interest rates, bank lending growth climbed to an eight-month high of 7.8 percent in January, amid the continued recovery of the economy......»»
More ‘hot money’ exits Philippines in January
More foreign capital left the Philippines in January, marking the second straight month of net outflow, amid continued economic uncertainties globally......»»
MWSS urges Filipinos: Use water intelligently
The Metropolitan Waterworks and Sewerage System (MWSS) asked the public yesterday to use water intelligently amid the continued drop in the water level of Angat Dam with the ongoing threat of a strong El Niño phenomenon......»»
Market tumbles below 6,800 amid profit taking
The stock market fell below the 6,800 level yesterday as investors continued to engage in profit taking following its recent rally......»»
Special rice retail prices shoot up to P70/kilo
Retail prices of special rice have reached as high as P70 per kilo amid the continued spike in the cost of the staple......»»
Group warns of worse hunger as rice prices spike
The watchdog group Bantay Bigas over the weekend warned of an increase in hunger incidence in the country amid the continued spike in retail prices of rice......»»
DOF sticks with P4.3 trillion revenue goal
The Department of Finance is keeping its P4.3-trillion revenue target for the year, banking on non-tax measures even amid less optimistic expectations on overall economic expansion......»»
Chinese economy to moderate in 2024: ADB
Manila [Philippines], April 12 (ANI): The Chinese economy is forecast to grow 4.8 per cent in 2024, amid a recovery of household consumption, ongoing property market adjustment, and weak external demand, according to the latest report published by the Asian Development Bank (ADB). The growth in the Asian economy is projected to moderate from a 5.2 per cent expansion last year. An uncertain external macroeconomic environme.....»»
Rate cut seen to boost growth
The much anticipated monetary policy easing will bolster the country’s economic expansion, but the growth will still be below targets amid risks stemming from the impact of El Niño, according to Sun Life Investment Management and Trust Corp.......»»
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......»»
BSP may need to tighten if inflation surges – HSBC
“Policymakers would then need to tighten the monetary reins even further if inflation were to surge in the future, supporting our view that, when the dust settles, monetary policy in the Philippines will likely be higher for longer.”.....»»
Alas spikers wow hometown crowd
Displaying incredible grit, Alas Pilipinas tamed a higher-ranked India, 22-25, 25-21, 25-17, 25-18, last night to continue its surge in the AVC Women’s Challenge Cup before another sellout crowd at the Rizal Memorial Coliseum......»»
From the Newsrooms: May 12 to 18, 2024
By: CMFR StaffPosted on: May 20, 2024, 11:48 am WHO IS Alice Guo? The question remains unanswered even as the media grapple with information about the identity and citizenship of the woman who was elected as mayor of Bamban in Tarlac province. The case has sparked questions and concerns that Alice Guo may be part of surge of immigration from the People's Republic of China and their pos.....»»
SMC profit jumps 61% in January-March
Conglomerate San Miguel Corp. reported a 61-percent surge in its net income before accounting for foreign exchange adjustments to P14.5 billion in the first quarter......»»
Agriculture loans surge to P3.2 trillion
Loans extended by banks to the agriculture sector significantly rose to P3.2 trillion as of June 2023 from the P848 million agri-agra credit allocated in the same period in 2022, the Bangko Sentral ng Pilipinas said......»»
Surge in consumer spending seen this year
Consumer spending in the Philippines is expected to surge this year due to easing inflationary pressures, healthy employment conditions and lower borrowing costs, according to BMI Country Risk & Industry Research......»»
MPIC earnings surge 30% to P5.6 billion in Q1
Core earnings of conglomerate Metro Pacific Investments Corp. soared by 30 percent to a record high of P5.6 billion in the first quarter on strong performances by its business units......»»
JG Summit income triples
Conglomerate JG Summit Holdings Inc. of the Gokongwei family saw a surge in its core profit in the first quarter following strong contributions of its food, real estate and air transport businesses, coupled with the gains realized from its bank merger......»»