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Banks see higher loan demand in Q2
Philippine banks are projecting a higher loan demand from both corporate and household borrowers in the second quarter amid a rosier economic outlook and more attractive financing terms from lenders......»»
‘No risk of political reform in economic Cha-cha’
Apprehensions over possible insertion of political reforms like lifting of term limits for elected officials are misplaced since the ongoing economic Charter change in Congress covers only economic provisions, according to former Supreme Court justice Adolfo Azcuna......»»
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......»»
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.....»»
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.....»»
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......»»
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......»»
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 […].....»»
AyalaLand Logistics Q1 profit: P211-M (+18%)
AyalaLand Logistics teased a Q1 net income of P211 million, up 18% y/y on what ALLHC refers to as a “solid recovery from the downturn experienced in 2023.”.....»»
From heartbreak to joy: A mother’s journey through a miscarriage
CEBU CITY, Philippines—Almost two years ago, a young mother bravely shared her miscarriage story in the hopes of helping mothers like her recover from the setback. For this year’s Mother’s Day celebration on May 12, 2024, the same mother tells her story of recovery and journey to motherhood after giving birth to her second baby—.....»»
Indian Overseas Bank adopts multi-pronged approach to ensure recovery from NPA accounts
Indian Overseas Bank successfully reduces Gross NPA to 3.90%. Sale announced for 92 NPA loans totaling Rs 13,471.68 crore. Recovery strategies include Securitisation, Compromise Settlement, Asset Reconstruction, with e-auction on May 28, details on www.iob.in......»»
Rice Vanguards harvest win No. 3
Nueva Ecija extended its winning run while Pampanga sustained its recovery in the MPBL (Maharlika Pilipinas Basketball League) Sixth Season last Thursday at the Bren Z. Guiao Convention Center in San Fernando, Pampanga......»»
Consunji Group maps out recovery plan for Cemex
The Consunji Group has mapped out a strategic plan to revitalize listed cement maker Cemex Holdings Philippines......»»
Go aids Puerto Princesa fire victims
Sen. Bong Go has supported recovery efforts for 373 families affected by fire in Puerto Princesa City in Palawan......»»
Sydney Airport sees passenger traffic closer to pre-pandemic levels
SYDNEY, April 22 (Xinhua) -- Australia's Sydney Airport has seen a total of 10.3 million passengers pass through its terminals in the first quarter of this year, marking a 14.4-percent jump from the same period in 2023 and a 93.7 percent recovery compared to Q1 2019. As per a quarterly report on traffic and operational performance released on Monday, the airport's international terminal served 4.16 million passe.....»»
Biggest drug haul, but no one died – Marcos
The recovery of P13.3 billion worth of shabu in Batangas, considered to be the country’s biggest drug haul in a single police operation so far, indicated that the government’s “bloodless” campaign against illegal drugs is working, President Marcos said yesterday......»»
Aespa s Winter recovering from collapsed lung surgery
Korean singer Kim Min-jeong, better known as Winter of the girl group Aespa, is in recovery after undergoing surgery for a collapsed lung......»»
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.....»»
PBA Player of the Week Belga keys Rain or Shine s recovery
Rain or Shine’s rise from the ashes of a winless start in the PBA Philippine Cup has been due to the integral play of one of its old guards......»»
Marcos, First Lady Liza have made full recovery from flu-like symptoms, says Palace
President Marcos 'has been in meetings today and will resume his public duties tomorrow,' Malacañang says on Monday, March 25.....»»