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GoTyme shareholders acquire Philippines biggest fintech salary lender
The major shareholders of GoTyme Bank have acquired SAVii, the largest fintech salary lender in the Philippines, a move seen to accelerate the digital bank’s expansion into payroll-enabled financial products......»»
Tesla lays off top performers and slashes departments, sources say
In a surprising turn of events, Tesla has announced layoffs impacting over 10% of its global workforce as the company prepares for its next phase.....»»
Nickel Asia sees better ore output, slashes capex
Nickel Asia Corp expects better ore output this year, driven by the start of two new mine operations and the possible increase in global nickel prices......»»
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......»»
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 […].....»»
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......»»
SBI s net profit grows 18% in fourth quarter, 20.5% for entire 2023-24
New Delhi [India], May 9 (ANI): The State Bank of India (SBI), the country's largest lender, has reported an 18 percent rise in consolidated net profit at Rs 21,384 crore for the quarter that ended in March, aided by strong credit growth. SBI reported a net profit of Rs 18,094 crore in the year-ago period. Consolidated net profit during the entire financial year 2023-24 rose by 20.55 per cent to Rs 67,085 crore as against.....»»
Maya Bank lends P2.75 billion to fintech firm Tala
Philippine digital lender Maya Bank has signed a loan channeling partnership with global financial technology firm Tala, providing P2.75 billion of loan capital to the fintech company......»»
DA slashes palay output target to 20.4 million tons
The Department of Agriculture slashed its palay production target for the year to 20.4 million metric tons after taking into consideration the impact of El Niño on domestic farms......»»
Cebu City Council slashes Rama’s proposed P100B budget to P25B
CEBU CITY, Philippines — Cebu City Mayor Michael Rama’s proposed P100 billion budget for 2024 was reduced to P25 billion by the City Council, which overrode the mayor’s veto. Councilor Jocelyn Pesquera, vice chairperson of the council’s Committee on Budget and Finance, confirmed the decision on Wednesday, Jan. 24, emphasizing that all provisions in the.....»»
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 […].....»»
Xinhua world economic news summary at 0830 GMT, Jan. 18
DAVOS, Switzerland -- Although the global economy is facing sluggish growth and numerous challenges, business leaders attending the 54th annual meeting of the World Economic Forum (WEF) remain confident over the prospects of the Chinese economy. Over recent years, China has been an important engine for the global economy. China's gross domestic product (GDP) posted a growth of 5.2 percent year-on-year in 2023, h.....»»
The Future of Work: AI’s Double-Edged Sword for Global Economies
Artificial Intelligence (AI) holds promise in revolutionizing global productivity and economic growth. However, the flip side includes potential job displacement and a widening wealth gap. Without proper policies, nations may struggle to adapt to this emerging technology. The International Monetary Fund (IMF) indicates that nearly 40% of global jobs could be influenced by AI. In […].....»»
Analysts expect inflation at around 3.8% for March
A BusinessWorld poll of 17 Philippine economists on March inflation rate projections revealed a median of 3.8%, with a high of 4.1% and a low of 3.5%......»»
2024 NFL mock drafts: Projections for every first round pick
The NFL Scouting Combine is just around the corner, with more than 300 college football players gearing up to showcase their skills to NFL teams......»»
Philippine s population projected to reach around 138.67 mln by 2055
MANILA, Feb. 1 (Xinhua) -- The Philippine population is projected to reach 138.67 million by 2055, assuming that the total fertility rate (TFR) of 1.9 children per woman in 2021 will be sustained until 2055, according to a Philippine Statistics Authority (PSA) study released Wednesday night. The statistics agency based its projections on the 2020 census-based national population using three TFR scenarios. Total.....»»
Philippine s population projected to reach around 138.67 mln by 2055
MANILA, Feb. 1 (Xinhua) -- The Philippine population is projected to reach 138.67 million by 2055, assuming that the total fertility rate (TFR) of 1.9 children per woman in 2021 will be sustained until 2055, according to a Philippine Statistics Authority (PSA) study released Wednesday night. The statistics agency based its projections on the 2020 census-based national population using three TFR scenarios. Total.....»»
Suspect in 2019 killing of Ed Dizon arrested
By: CMFR StaffPosted on: May 9, 2024, 5:26 pm CMFR/PHILIPPINES - The Presidential Task Force on Media Security (PTFoMS) gave an update on the 2019 killing of broadcaster Eduardo "Ed" Dizon on May 3, World Press Freedom Day last week, saying police had arrested Junelle Jane Andagkit Poten, a suspect, on May 2 in Barangay Saguing, Makilala, Cotabato after receiving tips on Poten's whereabouts. .....»»
Philippines- New Drug War Declared in Davao City - Human Rights Watch
Click to expand Image Sebastian Duterte, currently the mayor of Davao City, delivers a speech at a campaign rally in Davao City, the hometown of his father, then-President Rodrigo Duterte, May 10, 2019. 2019 Kyodo via AP Images (Manila) The mayor of Davao City in the Philippines, Sebastian Duterte, recently declared a new war on drugs, suggestive of the abusive campaign of his father, former President Rodrigo Duterte, Hum.....»»
12 people jailed over storming of legislature in 2019 protests
12 people jailed over storming of legislature in 2019 protests.....»»