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Philippine economy grows by 5.7% in Q1 2024
The latest economic print is slower than last year’s growth in the same period with 6.4% but higher than the fourth quarter of 2023 with 5.5%......»»
Property prices slow in Q4
The growth in property prices has been sustained for 10 straight quarters, albeit at a slower pace in the fourth quarter last year, according to the Bangko Sentral ng Pilipinas......»»
Philippines likely missed 2023 growth target
While some economists believe the Philippine economy likely grew faster in the fourth quarter, the overall expansion in 2023 is still expected to fall short of the six to seven percent target penned by the government’s economic managers......»»
Higher consumption seen to drive GDP growth faster
The Philippine economy is expected to grow at a faster pace this year with the record-high employment and lower inflation likely to support consumption spending, according to First Metro Investment Corp. (FMIC) and University of Asia and the Pacific (UA&P) Capital Markets Research......»»
Q4 GDP growth comes in at 5.6%
The Philippine Statistics Authority revealed yesterday that the Philippine economy grew 5.6% y/y in Q4, which is down from the 6.0% it grew in Q3......»»
Strong GDP expansion gives BSP room to further hike rates
he impressive economic growth posted by the Philippines in 2023 will give the Bangko Sentral ng Pilipinas more space to further raise interest rates in case of shocks, according to economists......»»
Stocks rebound on encouraging GDP numbers
Local stocks rebounded from a two-day slump after Philippine economic growth was reported at 5.6 percent yesterday......»»
NBA: Rudy Gobert named 2024 Defensive Player of the Year
Minnesota Timberwolves center Rudy Gobert won the 2024 NBA Defensive Player of the Year award on Tuesday, matching a league record by taking the honor for the fourth time. The 31-year-old Frenchman previously captured the award in 2018, 2019 and 2021 while with the Utah Jazz and this season was a key player on a.....»»
Metrobank profit rises by 14 percent to P12 billion in Q1
Earnings of Metropolitan Bank & Trust Co. went up by 14 percent to P12.1 billion in the first quarter from P10.6 billion in the same quarter last year, largely due to the consistent growth of its lending portfolio, better operational efficiencies as well as stable asset quality......»»
Puregold sees sustained growth this year
Puregold Price Club Inc., the flagship retail chain of businessman Lucio Co, is optimistic on sustained revenue growth this year after ending the first quarter with positive financial results......»»
PNB books 10.4% growth in Q1 income
Philippine National Bank of tobacco and airline magnate Lucio Tan booked a 10.4-percent increase in earnings to P5.31 billion in the first quarter from a year-ago level of P4.81 billion, boosted by core business growth and lower credit provisions......»»
BPI bullish this year amid continued loan growth
After posting record earnings in the first quarter, Bank of the Philippine Islands is optimistic about its growth prospects for this year as it sees its loan book growing by 11 to 12 percent, mainly driven by higher loans from consumers......»»
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......»»
SM conglomerate optimistic on growth prospects for 2024
Conglomerate SM Investments Corp. of the Sy family is cautiously optimistic for 2024, but remains committed to stay on growth mode after solid contributions from its core businesses and higher earnings contribution from portfolio investments, which lifted earnings by a quarter to P77 billion in 2023......»»
World Bank Sees Further Economic Growth for PH
The World Bank sees positive growth in the country’s economy in the next few years. According to the World Bank, they expect the average growth will be at an average of 5.9% annually between 2024 and 2026. The World Bank said that the growth rate in 2024 will be at 5.8%, while 5.9% in 2025. […].....»»
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......»»
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......»»
Rufa Mae ibinebenta ang condo sa Makati sa halagang P45.5-M
IBINIBENTA na ng komedyanang si Rufa Mae Quinto ang condominium unit niya sa Makati City sa halagang P45.5 million. Ipinost ng aktres ang video ng kabuuan ng kanyang unit na aabot sa 146 square meters kaya pala ganito kamahal at nasa Makati area pa. Baka Bet Mo: Kiray, Stephan sumugod sa Traslacion: Walang imposible! Viva,.....»»
Maricel Soriano says condo unit in leaked PDEA docs sold in 2012
Maricel Soriano says condo unit in leaked PDEA docs sold in 2012.....»»