Franchising industry sees 8–10 percent growth this year
The country’s largest franchising association is looking to grow franchise stores and revenues by eight to 10 percent this year as more foreign brands are interested to enter the country, while local brands continue to expand......»»
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.....»»
EDITORIAL - Minimum inconvenience
With just over a week to go before the deadline, 313 routes in the National Capital Region still lack a consolidated transport service entity, according to data from the Land Transportation Franchising and Regulatory Board. After a one-month grace period, the LTFRB says it will no longer give another extension of the deadline, as it cited a 76.6 percent consolidation rate nationwide......»»
Faster GDP growth seen in 2nd quarter
he country’s gross domestic product growth will likely accelerate to 5.9 percent in the second quarter from 5.7 percent in the first quarter, supported by high employment, government spending and within-target inflation, according to First Metro Investment Corp. and University of Asia and the Pacific......»»
NEDA says 6 percent Q1 growth possible
A six percent economic growth in the first quarter is possible given developments in the labor market and lower inflation, according to the National Economic and Development Authority......»»
Loan growth climbs to 9-month high in February
Loan growth further accelerated for the third straight month in February, growing by 8.6 percent from 7.8 percent in January, according to the Bangko Sentral ng Pilipinas......»»
Philippine economy growth may reach 6 pct to 7 pct in 2023: Marcos
MANILA, Jan. 11 (Xinhua) -- Philippine President Ferdinand Romualdez Marcos on Thursday night expressed optimism that his country can reach a gross domestic product (GDP) growth target of 6 percent to 7 percent for 2023. "The Philippines is touted to become one of the fastest-growing economies among major Asian countries in 2023," said Marcos during a traditional ceremony at the presidential palace in Manila......»»
Xinhua world news summary at 1500 GMT, Jan. 11
MANILA -- Philippine President Ferdinand Romualdez Marcos on Thursday night expressed optimism that his country can reach a gross domestic product (GDP) growth target of 6 percent to 7 percent for 2023. "The Philippines is touted to become one of the fastest-growing economies among major Asian countries in 2023," said Marcos during a traditional ceremony at the presidential palace in Manila. (Philippines-Growth-.....»»
Philippine economy growth may reach 6 pct to 7 pct in 2023: Marcos
MANILA, Jan. 11 (Xinhua) -- Philippine President Ferdinand Romualdez Marcos on Thursday night expressed optimism that his country can reach a gross domestic product (GDP) growth target of 6 percent to 7 percent for 2023. "The Philippines is touted to become one of the fastest-growing economies among major Asian countries in 2023," said Marcos during a traditional ceremony at the presidential palace in Manila......»»
Xinhua world news summary at 1500 GMT, Jan. 11
MANILA -- Philippine President Ferdinand Romualdez Marcos on Thursday night expressed optimism that his country can reach a gross domestic product (GDP) growth target of 6 percent to 7 percent for 2023. "The Philippines is touted to become one of the fastest-growing economies among major Asian countries in 2023," said Marcos during a traditional ceremony at the presidential palace in Manila. (Philippines-Growth-.....»»
Fitch sees Philippine economy growing by 6.4% in 2024
“We expect output growth to accelerate to 6.4 percent in 2024, reflecting base effects from a weaker 2023 and our assessment that policy rates have peaked. Consumer confidence has been weakening, but business confidence has recovered strongly.”.....»»
2.4M Dabawenyos working as of Oct 2023
The October 2023 Preliminary Employment report by the Philippine Statistics Authority-Davao Region (PSA-Davao) reveals that 64 percent of the 3.780 million Dabawenyos aged 15 and above are part of the labor force, indicating that 2.42 million individuals are employed. This represents a 1.8 percentage point increase from the previous year. The report also highlights a 97.1 percent employment rate in the Davao Region as of October 2023, with a 2.9 percent unemployment rate, lower than the national average. Despite this, the region still maintains the highest employment rate in the Philippines. Additionally, the report compares employment rates across different regions, with Soccsksargen, Barmm, Central Luzon, CAR, Caraga, Western Visayas, Cagayan Valley, Mimaropa, and Central Visayas surpassing the national average. The Bangsamoro Autonomous Region in Muslim Mindanao (Barmm) records the highest labor force participation rate among 17 regions, while the Zamboanga Peninsula has the lowest rate. The data is collected through the Labor Force Survey (LFS) conducted quarterly and monthly by the PSA central office and its regional statistical services offices. The Davao Region, with nearly 6 million inhabitants, remains the 7th most populous region in the country......»»
Xinhua world economic news summary at 0900 GMT, April 1
MANILA -- The Philippine government's budget deficit increased to 164.7 billion pesos (2.93 billion U.S. dollars) in February, the country's Bureau of the Treasury said Monday. "The wider budget gap stemmed from the 22.14 percent year-over-year increase in expenditures, matched with moderate revenue growth of 5.73 percent," the bureau said. With the February turnout, the bureau said the year-to-date fiscal balan.....»»
Planters group leader sees 20% drop in sugar production
Planters group leader sees 20% drop in sugar production.....»»
Mavy Legaspi sees no problem with Darren Espanto, Kyline Alcantara shipping
Kapuso actor Mavy Legaspi sees no problem with former love team partner Kyline Alcantara being "shipped" or teased with Darren Espanto......»»
‘Long ways to go’: Cone still sees room for improvement after Gilas rout
Coach Tim Cone sees both the good and the bad in Gilas Pilipinas' 30-point demolition of Hong Kong at the start of the FIBA Asia Cup Qualifiers.....»»
DTI eyes 10% exports growth in 2024
The Department of Trade and Industry expects the country’s total exports to grow by 10 percent this year......»»
Philippines jobless rate drops to decades-low in December 2023
MANILA, Feb. 7 (Xinhua) -- The unemployment rate in the Philippines decreased to 3.1 percent in December 2023, the lowest since 2005, the Philippine Statistics Authority (PSA) said on Wednesday. "The full-year unemployment rate for 2023 was 4.3 percent compared to 5.4 percent in 2022," PSA head Dennis Mapa said at a press conference. Mapa said about 1.60 million were jobless in December last year. "This w.....»»
Bank lending expands 9.6 percent in April
Credit growth accelerated further to 9.6 percent in April from 9.4 percent in March as Philippine banks disbursed more production and consumer loans, according to the Bangko Sentral ng Pilipinas (BSP)......»»
Philippines GDP growth slows to 5.6 pct in 2023
© Provided by Xinhua MANILA, Feb. 1 (Xinhua) -- The Philippine economy grew by 5.6 percent in 2023 after expanding by 5.6 percent in the fourth quarter, below the 6 to 7 percent target range for 2023 set by the government, the Philippine Statistics Authority.....»»
Philippines GDP growth slows to 5.6 pct in 2023
© Provided by Xinhua MANILA, Feb. 1 (Xinhua) -- The Philippine economy grew by 5.6 percent in 2023 after expanding by 5.6 percent in the fourth quarter, below the 6 to 7 percent target range for 2023 set by the government, the Philippine Statistics Authority.....»»