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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-.....»»
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......»»
S& P: Philippines may miss growth goal this year
S&P Global Ratings sees the Philippines again missing its growth targets this year as it kept its gross domestic product growth forecast at 5.9 percent. While the projection is better compared to other economies in the region, it is again below the government’s 6.5 to 7.5 percent growth target......»»
CitySavings Named One of the 2024 Philippines’ Growth Champions
City Savings Bank (CitySavings) continues to cement its position to become the leading mass market bank in the country with its inclusion as one of the 2024 Philippines’ Growth Champions. The Philippine Daily Inquirer released the report with international market research firm Statista. This year’s Philippines’ Growth Champions are companies with remarkable growth and resilience […].....»»
Phinma allots P4.5 billion for 2024 capex
The Phinma Group has earmarked P4.48 billion for capital expenditures this year to sustain the company’s growth momentum......»»
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.....»»
AEV hikes capex to P153 billion
Aboitiz Equity Ventures Inc. is hiking its capital expenditures by 135 percent to P153 billion this year as it gears up for another phase of growth and innovation......»»
EAM Jaishankar speaks to US State Secy Blinken, two leaders share concern over growing tensions in Red Sea
Washington, DC [US], January 12 (ANI): External Affairs Minister S Jaishankar on Thursday spoke with US Secretary of State Anthony Blinken, State Department spokesperson Matthew Miller informed on Thursday, adding that the two leaders discussed the recent attacks on merchant ships by the Yemen-backed Houthi groups in the Red Sea. The two leaders also reaffirmed their maritime cooperation in the region, the State Departmen.....»»
EAM Jaishankar speaks to US State Secy Blinken, two leaders share concern over growing tensions in Red Sea
Washington, DC [US], January 12 (ANI): External Affairs Minister S Jaishankar on Thursday spoke with US Secretary of State Anthony Blinken, State Department spokesperson Matthew Miller informed on Thursday, adding that the two leaders discussed the recent attacks on merchant ships by the Yemen-backed Houthi groups in the Red Sea. The two leaders also reaffirmed their maritime cooperation in the region, the State Departmen.....»»
Cebu Daily Newscast: P25 fare increase: Jeepney drivers to demand this hike if…
Listen to Cebu Daily Newscast and get the latest stories in and around Cebu. Here’s what you need to know on Thursday, May 2, 2024. P25 fare increase: Jeepney drivers to demand this hike if… Ordinary passengers who rely on commuting daily will face a much greater burden on their wallets, as jeepney drivers will.....»»
Riding the crossroads: The battle of Manila’s jeepney drivers against modernization
“Most members in my group are seniors,” he said, “My father is 72 years old, yet he drives every day because he doesn't want to rely on his children. He needs money for medication, electricity and water to survive. Where will they find a livelihood? I’m sure no company would want to hire them anymore, right?” The post Riding the crossroads: The battle of Manila’s jeepney drivers against modernization appeared first on Bulatlat......»»
‘Not war with China; don’t rely only on US’ – Marcos Jr.
One may not have expected to hear or read this from Marcos Jr......»»
Why Now’s the Perfect Time to Rethink Your Social Media Security
Last week’s Meta outage was a stark reminder of our dependence on digital platforms. While the technical glitches were temporary, they once again highlighted the utmost importance of online security, especially for businesses that rely heavily on social media. Here’s how to ensure your social media accounts remain secure, even during unexpected disruptions. Fortify Your […].....»»
NZ support for strikes against Houthis
Foreign Minister Winston Peters and Defence Minister Judith Collins KC today expressed New Zealand support for strikes against Houthi targets in Yemen threatening commercial shipping in the Red Sea."Today's strikes support international security and trade, on which New Zealanders rely," Foreign Minister Winston Peters said. "Nearly 15 per cent of global trade flows thr.....»»
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......»»
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.....»»
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......»»
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.....»»
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......»»