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Economy grew by 5.6% in 2023

The Philippine economy expanded at a slower pace in 2023 than the previous year, falling below the government’s growth target amid high inflation and interest rates that affected consumption......»»

Category: financeSource:  philstarRelated NewsJan 31st, 2024

More Pinoys hopeful for better economy, quality of life

Although still less than a majority, optimism for a better economy and personal quality of life have both increased at the end of 2023, according to a survey conducted by the OCTA Research group......»»

Category: newsSource:  philstarRelated NewsJan 29th, 2024

Measuring income inequality

In a recent report about the Philippine economy, the Philippine Institute for Development Studies. stated that the economy will grow at a faster pace this year. The emphasis of the report was on the projections for economic growth measured in terms of the Gross Domestic Product......»»

Category: newsSource:  philstarRelated NewsJan 27th, 2024

Liberal laws, policy gaps: Rappler, ANC question need for Cha-cha to open economy

CHEERS TO Rappler and ANC's Market Edge for reviewing current laws that have opened up the economy to foreign investments. In doing so, the accounts question the purpo.....»»

Category: newsSource:  philippinetimesRelated NewsJan 23rd, 2024

Liberal laws, policy gaps: Rappler, ANC question need for Cha-cha to open economy

CHEERS TO Rappler and ANC's Market Edge for reviewing current laws that have opened up the economy to foreign investments. In doing so, the accounts question the purpo.....»»

Category: newsSource:  manilanewsRelated NewsJan 23rd, 2024

A Human Rights Economy is Key to Sustainable Development

A Human Rights Economy is Key to Sustainable Development.....»»

Category: lifestyleSource:  abscbnRelated NewsJan 18th, 2024

Russian economy on sustainable growth trajectory - Mishustin

The country's GDP expanded above expectations last year Russia has not only withstood the pressure of Western sanctions and outside risks but has also managed to steer its economy toward sustainable growth, Prime Minister Mikhail Mishustin said on Tuesday.   Every sector of industry registered positive dev.....»»

Category: lifestyleSource:  abscbnRelated NewsJan 18th, 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

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

Global Dominion financed P6.8 billion in 2023

Global Dominion Financing Inc. (Global Dominion) booked P6.8 billion of loans in 2023. This infusion to the Philippine economy mobilized businesses and empowered families to achieve their goals. This growth indicator was highlighted during the company’s 2024 annual stockholders’ meeting, attended by its board of directors, shareholders and senior managers......»»

Category: financeSource:  philstarRelated NewsMay 31st, 2024

MAP backs renewal of Meralco franchise

Business group Management Association of the Philippines (MAP) yesterday expressed its support for the renewal of the franchise of Manila Electric Co. to ensure the availability of reliable electricity to support the economy......»»

Category: financeSource:  philstarRelated NewsMay 30th, 2024

Philippines to grow below target in next 2 years – BSP

The Philippine economy could grow below the government’s target for the next two years as high global oil prices and elevated interest rates dampen domestic demand, the Bangko Sentral ng Pilipinas said......»»

Category: financeSource:  philstarRelated NewsMay 28th, 2024

Philippine launches ambitious railway development plan

In a bid to alleviate the Philippine economy, reduce traffic congestion, enhance connectivity, reduce carbon emissions, and enhance food security across the archipelago, the government has launched an ambitious railway development plan that aims to modernize and significantly expand the country’s railway network......»»

Category: financeSource:  philstarRelated NewsMay 28th, 2024

Public-private sector collaboration for Filipino workers

On the day we held our commitment signing for the Trabaho Para sa Bayan: J.O.B.S. (Job Opportunities Building Skills) initiative of the Private Sector Advisory Council (PSAC) in job generation, news also came out about our economy’s first quarter GDP performance, which expanded at an encouraging 5.7 percent year-on-year......»»

Category: newsSource:  philstarRelated NewsMay 27th, 2024

‘Early rate cut to boost economy’

Interest rate cuts in the second half will likely boost economic and investment activity in the Philippines, providing some relief to borrowers who have been bearing the weight of restrictive monetary policy, according to ING Bank......»»

Category: financeSource:  philstarRelated NewsMay 25th, 2024

Insurance industry earnings expand 45% in January-March

The insurance industry saw its net income soar to more than P14 billion in the first quarter amid a significant increase in the life segment, raising the sector’s contribution to the overall economy to 1.78 percent, according to the Insurance Commission......»»

Category: financeSource:  philstarRelated NewsMay 23rd, 2024

Global Dominion financed P6.8 billion in 2023

Global Dominion Financing Inc. (Global Dominion) booked P6.8 billion of loans in 2023. This infusion to the Philippine economy mobilized businesses and empowered families to achieve their goals. This growth indicator was highlighted during the company’s 2024 annual stockholders’ meeting, attended by its board of directors, shareholders and senior managers......»»

Category: newsSource:  philstarRelated NewsMay 20th, 2024

Taiwan’s indispensability in preparing for future pandemics

The three years of the COVID-19 pandemic resulted in a terrible loss of life and exacerbated health inequalities. The global economy slumped and, worldwide, people’s lives were affected. This experience demonstrated that the present global health governance framework is not effective in responding to threats to global health......»»

Category: newsSource:  philstarRelated NewsMay 18th, 2024

Government urged to boost spending for broadband infrastructure

A leading think tank has called on government to aggressively invest in broadband infrastructure to boost the competitiveness of the Philippines in the global digital economy......»»

Category: financeSource:  philstarRelated NewsMay 15th, 2024

Guilty Verdict in High-Profile Kazakhstan Domestic Violence and Murder Case

A Kazakh court has delivered a guilty verdict in the high-profile trial of the country's former economy minister, Kuandyk Bishimbayev. On May 13, the court found Bishimbayev guilty of the torment and murder with extreme cruelty of his partner Saltanat Nukenova and sentenced him to 24 years in a maximum-security prison. Murder with extreme cruelty carries a maximum sentence of life imprisonment, while torment carries a.....»»

Category: sportsSource:  abscbnRelated NewsMay 14th, 2024