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NEDA Optimistic on Economic Growth in the PH for 2024
National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan expressed optimism about the country’s economic growth for 2024. According to Balicasan, major development organizations like the IMF, ADB, and the World Bank expect the country to have an economic growth rate of at least 6%. The IMF projects a growth rate of 6.2%, the ADB […].....»»
ADB cuts Philippines growth outlook to 6% in 2024
The Asian Development Bank has trimmed its growth forecast for the Philippines for this year, citing risks posed by extreme weather events that can drive up inflation and the slower growth in advanced economies......»»
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.....»»
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.....»»
Double-digit growth in bank lending seen this year
The Philippine banking sector is expected to book double-digit growth in loan disbursements this year on the back of robust economic growth, according to BMI Country Risk & Industry Research......»»
Lagged impact of high rates to take toll on economy – BSP
The lagged effects of monetary policy adjustments last year will continue to take its toll on the economy, with growth likely to fall below government targets anew......»»
Gasoline prices drop by 10¢ per liter, diesel up 25¢ from May 21
MANILA, Philippines — Local fuel companies will adjust fuel pump prices starting Tuesday, May 21. Gasoline is down by 10 centavos per liter, while diesel and kerosene will increase by 25 and 30 centavos, respectively. Shell Pilipinas and Seaoil will be among the first to apply the mixed fuel price adjustment on Tuesday at 6.....»»
DSWD wants 4Ps cash aid increased
Due to the continuing rise in inflation rates, the Department of Social Welfare and Development is pushing for an adjustment in the cash grants given to beneficiaries of the Pantawid Pamilyang Pilipino Program......»»
Metro Retail Earns PHP618 Million in 2023; Continues Initiatives for Growth
For the full year 2023, Metro Retail Stores Group, Inc. (MRSGI) reported an aggregate net income of PhP618.0 million vs PhP917.3 million in 2022, a slippage of 32.6%. In terms of core net income which excludes one-time gains such as accounting adjustment on leases and insurance claims in 2022, the Company’s earnings were down only […].....»»
Marcos Jr. wants holistic plan to solve Metro Manila traffic woes
With traffic gridlocks costing the economy billions of pesos, President Marcos has called for a “comprehensive” solution to the country’s traffic woes and has directed agencies to come up with work adjustment plans, National Economic and Development Authority Secretary Arsenio Balisacan said yesterday......»»
Gas prices up; diesel, LPG down today
In separate advisories, oil companies will implement a mixed adjustment as fuel products increased by P0.45 per liter for gasoline, while diesel and kerosene decreased by P0.60 and P1.05 per liter, respectively......»»
China s claims over Taiwan lack a legal basis under international law, says envoy to Switzerland
Taipei [Taiwan], March 9 (ANI): Taiwan's representative to Switzerland, David WF Huang, reiterated Taiwan's sovereignty in a keynote speech in Switzerland, Focus Taiwan reported.Invited by the Swiss think tank Foraus, Huang addressed nearly 200 attendees at the University of Zurich, highlighting recent developments in the Taiwan Strait, including China's adjustment of the M503 flight path.According to Foc.....»»
China s claims over Taiwan lack a legal basis under international law, says envoy to Switzerland
Taipei [Taiwan], March 9 (ANI): Taiwan's representative to Switzerland, David WF Huang, reiterated Taiwan's sovereignty in a keynote speech in Switzerland, Focus Taiwan reported.Invited by the Swiss think tank Foraus, Huang addressed nearly 200 attendees at the University of Zurich, highlighting recent developments in the Taiwan Strait, including China's adjustment of the M503 flight path.According to Foc.....»»
DCWD to implement 20% rate increase starting February
DAVAO CITY (MindaNews / 12 February)—The Davao City Water District (DCWD) has implemented a 20-percent increase in its rates effective this month, an official announced on Monday. Speaking during Kapehan sa Dabaw, DCWD spokesperson JC Duhaylungsod said that the water rate adjustment would be reflected in the bills of the consumers next month. She said […].....»»
Completing the story for senior high school
A few weeks ago, I had written about senior high school and what many of us, particularly the learners affected in such grade levels, could expect in the coming school year as SHS students undergo a transition or, better said, an adjustment to some notable changes......»»
DOLE Unveils Program to Boost Businesses and Workers
The Department of Labor and Employment (DOLE) is rolling out the DOLE Adjustment Measures Program (DOLE-AMP) to boost enterprise and worker competitiveness. Labor Secretary Bienvenido E. Laguesma outlined the program’s guidelines in Department Order No. 241, Series of 2024, issued on February 1. DOLE-AMP aims to diminish the vulnerability of workers and enterprises to economic […].....»»
DTI allows manufacturers to downsize certain goods to offset rising costs
MANILA, Philippines — The Department of Trade and Industry (DTI) announced on Wednesday that manufacturers of essential goods can maintain profitability amid rising production costs by reducing product sizes or weights, instead of increasing prices. Trade Assistant Secretary Amanda Marie Nograles explained during the televised Bangon Pilipinas briefing that the DTI permitted this adjustment for.....»»
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......»»
DTI optimistic of completing FTA talks ahead of target
The Department of Trade and Industry is upbeat talks for a free trade agreemen with the European Union could be concluded before the 2027 target......»»
Tropa brace for tough fight
TNT coach Chot Reyes said yesterday it’ll be a struggle to turn back Rain or Shine in the PBA Philippine Cup best-of-three quarterfinals as the Tropang Giga gropes for consistency but with what his charges displayed in beating Magnolia to clinch No. 4 in the standings last Sunday, there is reason to be optimistic......»»