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Philippine food firms’ sales hit $133 million in Dubai fair
Philippine food companies generated $133 million worth of export sales from a food trade show held in Dubai last month, according to the Center for International Trade Expositions and Missions......»»
PH Remains One of the Fastest Growing Economies in East Asia and Pacific, World Bank Says
The World Bank retains its positive outlook on the Philippine economy despite foreseen challenges. According to their April 2024 East Asia and Pacific Economic Update, the World Bank projects a 5.8 percent economic growth for the Philippines this year — the East Asia and Pacific region’s second fastest-growing economy. Moreover, the said update also adjusted […].....»»
On its 10th year, Virtual Playground rebrands to VP Global
Virtual Playground recently rebranded to VP Global Athlete and Artist Management as part of its 10th-anniversary celebration. Formed by veteran movie producer Dondon Monteverde and sports agent/businessman Charlie Dy, VP Global has been overseeing the careers of “champions and idols” in the fields of sports and showbiz......»»
Global Dominion Joins The Fight Against Scammers and Fake Accounts
Before 2023 ended, Global Dominion reported a case of unauthorized use of the company’s name in what appeared to be a mobile application. This concern was brought up by a concerned individual via Global Dominion’s customer service and complaints division (CSC). The company then submitted a report to the National Bureau of Investigation’s (NBI) Cyber.....»»
Philippines to grow at faster pace this year – PIDS
Despite global economic challenges, the Philippine economy is expected to expand at a faster pace this year than in 2023, according to state think tank Philippine Institute for Development Studies......»»
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 […].....»»
Traders list 12 initiatives to boost economy in 2024
Political stability, a globally competitive education and predictability of contracts are among the 12 initiatives that the country should undertake to strengthen the Philippine economy this year, according to an alliance of Filipino-Chinese entrepreneurs......»»
Economy grew by 5.6% in 2023
The Philippine economy expanded at a slower pace in 2023 than the previous year, falling below the government’s growth target amid high inflation and interest rates that affected consumption......»»
Creative economy grows to P1.72 trillion
The value of the country’s creative economy rose by 6.8 percent in 2023 from a year ago as the sector employed more people, according to the Philippine Statistics Authority......»»
Economy likely grew by 6.2 percent in Q4
The Philippine economy likely posted a faster growth rate in the fourth quarter of 2023 than in the third quarter, supported by gains in the labor market, according to an economist......»»
Economy to expand at faster pace in 2024
The Philippine economy is expected to grow at a faster pace this year than in 2023 despite headwinds, but the growth will be below the government’s target, according to First Metro Investment Corp.......»»
SWS: 40% of Filipinos optimistic about economy
Four in 10 adult Filipinos expected the Philippine economy to pick up in the next 12 months, according to a Social Weather Stations poll released Thursday. .....»»
Trade deficit narrows in January
The Philippines posted a smaller trade deficit of $4.22 billion in January as exports picked up, preliminary data from the Philippine Statistics Authority showed......»»
Bloomberry opens Quezon City casino in May
The company’s financial and operating results for 2023, “reflect a resilient Philippine economy amid a challenging global economic landscape,” Razon said......»»
Rare beetle discovered in Mt. Hamiguitan sanctuary
In a recent discovery, a rare long-horned beetle, Paraskeletodes hamiguitanensis, was found in the Mount Hamiguitan Range Wildlife Sanctuary (MHRWS) in Davao Oriental. The beetle was unearthed during a scientific expedition led by the Provincial Government of Davao Oriental and conducted by a team from Davao Oriental State University (DOrSU). Dr. Milton Medina, a Filipino coleopterist, confirmed the uniqueness of P. hamiguitanensis through careful morphological examination, highlighting distinct differences from its closely related counterpart found in Sulawesi, Indonesia. The discovery sheds light on the limited knowledge of beetle taxonomy in the Philippines and underscores the need for increased scientific and conservation efforts in biodiversity hotspots like the Philippines and Sulawesi. Concerns were raised about the global trade of beetle species and the rapid loss of forest cover in the Philippines, emphasizing the vital role of protected areas like Mt. Hamiguitan as essential sanctuaries for biodiversity. The researchers emphasized the need for cooperation with DENR-Davao in promoting biodiversity conservation and encouraged young scholars to explore beetle taxonomy. The discovery of P. hamiguitanensis and several other beetle species in the area underscores the rich biodiversity of Mt. Hamiguitan, with ongoing research aiming to describe more species and uncover many undiscovered ones in the region......»»
EAM Jaishankar, Singapore PM exchange views on deepening engagement in fintech, digitalization, green economy
New Delhi [India], March 26 (ANI): External Affairs Minister S Jaishankar and Singapore Prime Minister Lee Hsien Loong exchanged views on deepening engagement in fintech, digitalization, the green economy, skills development and food security. EAM Jaishankar concluded his visit to Singapore on March 25. He was on an official visit to Singapore from March 23-25, the first leg of his visit to Singapore, Philippines and Mala.....»»
EAM Jaishankar, Singapore PM exchange views on deepening engagement in fintech, digitalization, green economy
New Delhi [India], March 26 (ANI): External Affairs Minister S Jaishankar and Singapore Prime Minister Lee Hsien Loong exchanged views on deepening engagement in fintech, digitalization, the green economy, skills development and food security. EAM Jaishankar concluded his visit to Singapore on March 25. He was on an official visit to Singapore from March 23-25, the first leg of his visit to Singapore, Philippines and Mala.....»»
What to Watch for at China s High-Profile Meetings
BEIJING - One burning issue dominates as the 2024 session of China's legislature gets underway this week: the economy.The National People's Congress annual meeting, which opens Tuesday, is being closely watched for any signals on what the ruling Communist Party might do to reenergize an economy that is sagging under the weight of expanded government controls and the bursting of a real-estate bubble.That i.....»»
What to Watch for at China s High-Profile Meetings
BEIJING - One burning issue dominates as the 2024 session of China's legislature gets underway this week: the economy.The National People's Congress annual meeting, which opens Tuesday, is being closely watched for any signals on what the ruling Communist Party might do to reenergize an economy that is sagging under the weight of expanded government controls and the bursting of a real-estate bubble.That i.....»»
Japan slips into a recession and loses its spot as the world s third-largest economy
Japan slips into a recession and loses its spot as the world s third-largest economy.....»»