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Economic Cha-cha to boost FDI – BSP

Amending the restrictive economic provisions in the 1987 Constitution will likely attract more foreign investments in the country and stimulate economic growth, according to the Bangko Sentral ng Pilipinas......»»

Category: financeSource:  philstarRelated NewsMar 2nd, 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

NEDA Chief: More reforms needed to unlock full benefits of Cha-cha

MANILA, Philippines  —Socioeconomic Planning Secretary Arsenio Balisacan on Saturday reiterated his support for the proposed amendments particularly to the restrictive economic provisions of the Constitution. Those changes, the National Economic and Development Authority (Neda) chief said in a statement, are crucial for the economic advancement and competitiveness of the Philippines. Balisacan issued the statement to.....»»

Category: newsSource:  inquirerRelated NewsJan 27th, 2024

Charter change: Only the economic provisions should be included

So much controversy is being unnecessarily generated with this Charter change issue but in reality, changes to the overly protectionist economic provisions in the 1987 Constitution should be debated upon because it hinders the country from realizing its full economic potential......»»

Category: newsSource:  philstarRelated NewsJan 27th, 2024

Extreme weather, economic downturn top risks for Philippines – WEF

Extreme weather events, an economic downturn and shortage in energy supply are the top risks seen in the Philippines for the next two years, according to the World Economic Forum......»»

Category: financeSource:  philstarRelated NewsJan 13th, 2024

PH Economy Remains Optimistic Amid Global Slowdown

The country is one of the fastest growing economies in East Asia and the Pacific according to the World Bank, foreseeing robust growth despite global economic slowdown. In the latest World Bank Global Economic Outlook report released on Tuesday, the Philippines is expected to maintain its economic growth rate in 2024 at 5.8%, slightly higher […].....»»

Category: newsSource:  metrocebuRelated NewsJan 12th, 2024

CAMPI lauds tariff break to more EVs

“CAMPI will support the regular review of EO 12 so that we can leverage this temporary measure toward achieving the EV penetration targets under the Comprehensive Roadmap for the Electric Vehicle Industry.”.....»»

Category: financeSource:  philstarRelated NewsMay 19th, 2024

No stopping the AI train as telcos race toward future

An automated credit scorer, a bot conversing in Filipino and an internet outage detector......»»

Category: financeSource:  philstarRelated NewsMay 19th, 2024

BSP keeps interest rates steady

The Bangko Sentral ng Pilipinas said yesterday that its Monetary Board decided to keep rates steady. In doing so, the BSP said that inflationary risks “continue to lean toward the upside”, but that its latest forecasts showed that “inflation would settle close to the upper-end of the target range.”.....»»

Category: financeSource:  philstarRelated NewsMay 17th, 2024

Policy easing likely in Q4, says Recto

The Bangko Sentral ng Pilipinas is expected to keep rates unchanged today, but rate cuts may happen only toward the end of the year......»»

Category: financeSource:  philstarRelated NewsMay 15th, 2024

MPBL: Pasay, Rizal, South Cotabato post wins

The Pasay Voyagers and Rizal Xentromall Golden Coolers took different routes toward victories in the 6th MPBL (Maharlika Pilipinas Basketball League) Season elimination round on Tuesday at the Cuneta Astrodome.....»»

Category: sportsSource:  philstarRelated NewsMay 15th, 2024

PMA recalibrates curriculum toward graduates readiness vs external threats

From being Bachelor of Science in National Security Management degree holders, next year’s graduates at the Philippine Military Academy (PMA) would become Bachelor degree holders for Management majors in National Security Studies......»»

Category: newsSource:  philstarRelated NewsMay 10th, 2024

PETValue Philippines Recycles 1-B PET Bottles, Seeks to Forge More Partnerships to Build on Sustainability milestone

PETValue Philippines, the country’s first bottle-to-bottle, food-grade recycling facility, celebrates a landmark achievement of 1 billion PET bottles recycled—underscoring the impact of strong collective action toward a fully circular economy. A joint venture between Coca-Cola Beverages Philippines, Inc. (CCBPI) and Indorama Ventures, a global sustainable chemical company, PETValue gives limitless life to clear PET plastic […].....»»

Category: newsSource:  metrocebuRelated NewsMay 10th, 2024

PETValue Philippines Recycles 1 Billion PET Bottles, Seeks to Forge More Partnerships to Build on Sustainability milestone

PETValue Philippines, the country’s first bottle-to-bottle, food-grade recycling facility, celebrates a landmark achievement of 1 billion PET bottles recycled—underscoring the impact of strong collective action toward a fully circular economy. A joint venture between Coca-Cola Beverages Philippines, Inc. (CCBPI) and Indorama Ventures, a global sustainable chemical company, PETValue gives limitless life to clear PET plastic […].....»»

Category: newsSource:  metrocebuRelated NewsMay 9th, 2024

MPBL: Nueva Ecija, Binan gain share of lead; Pampanga still on a roll

Nueva Ecija and Binan took different routes toward the top spot while Pampanga stayed right behind in the 6th MPBL (Maharlika Pilipinas Basketball League) Season at the Bren Z. Guiao Convention Center in San Fernando, Pampanga.....»»

Category: sportsSource:  philstarRelated NewsMay 8th, 2024

Navigating brand activism

The Philippines is experiencing a notable shift in corporate practice and behavior, reflecting a broader, global movement toward brands that are not just about profits but are deeply engaged in societal, environmental, and political dialogue. This change stems from a growing desire and demand among consumers for companies to contribute more meaningfully to societal welfare, pushing the boundaries of traditional business roles......»»

Category: financeSource:  philstarRelated NewsMay 4th, 2024

UnionBank income plummets in Q1

Union Bank of the Philippines booked a net income of P2 billion in the first quarter, down by 41.2 percent from the same period a year ago, as the bank continued to allocate resources toward its takeover of the retail banking business of global banking giant Citi in the Philippines......»»

Category: financeSource:  philstarRelated NewsMay 1st, 2024

MPTC prefers term extension over toll hike

To recover investments on toll road improvements, Metro Pacific Tollways Corp. is leaning toward getting its concession agreements expanded instead of burdening motorists with rate hikes......»»

Category: financeSource:  philstarRelated NewsApr 25th, 2024

‘SM Green Finds x Zarah Juan’s Tarp Project: Weaving sustainability into the fabric of retail’

In an era where environmental consciousness is not just a trend but a necessary shift toward sustainability, initiatives like SM Green Finds stand out as models for responsible corporate behavior......»»

Category: financeSource:  philstarRelated NewsApr 21st, 2024

New Zealand commits 25 mln USD for ADB s energy transition mechanism

MANILA, April 19 (Xinhua) -- The Asian Development Bank (ADB) on Friday said that New Zealand has committed 25 million U.S. dollars to the ADB Energy Transition Mechanism Partnership Trust Fund (ETMPTF) to support the shift toward clean, sustainable energy in Southeast Asia. The commitment was made by New Zealand Prime Minister Christopher Luxon during his two-day official visit to the Philippines. "We ar.....»»

Category: newsSource:  manilanewsRelated NewsApr 19th, 2024