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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......»»

Category: financeSource:  philstarRelated NewsJan 31st, 2024

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......»»

Category: financeSource:  philstarRelated NewsJan 31st, 2024

BSP chief: GDP grew at faster pace in Q4

Philippine economic growth picked up further in the final quarter of last year despite the aggressive rate hikes delivered by the central bank, Bangko Sentral ng Pilipinas Governor Eli Remolona Jr. said......»»

Category: financeSource:  philstarRelated NewsJan 28th, 2024

Bad loans during UPA stifled credit needs of startups and small businesses: Sitharaman

New Delhi [India], May 31 (ANI): The bad loans crisis during the Congress-led UPA tenure stifled the credit requirements and dreams of crores of aspirational Indians who wanted to establish start-ups and expand small businesses, alleged Finance Minister and senior BJP leader Nirmala Sitharaman. In a long thread of posts on her X timeline, she launched an attack on the Congress party and its allies, alleging that the UPA g.....»»

Category: newsSource:  manilanewsRelated NewsJun 1st, 2024

Bad loans during UPA stifled credit needs of startups and small businesses: Sitharaman

New Delhi [India], May 31 (ANI): The bad loans crisis during the Congress-led UPA tenure stifled the credit requirements and dreams of crores of aspirational Indians who wanted to establish start-ups and expand small businesses, alleged Finance Minister and senior BJP leader Nirmala Sitharaman. In a long thread of posts on her X timeline, she launched an attack on the Congress party and its allies, alleging that the UPA g.....»»

Category: lifestyleSource:  abscbnRelated NewsMay 31st, 2024

5 things to love about Bukidnon

Bukidnon is among the many places said to be worth visiting in Mindanao. It is a province in Northern Mindanao, with its capital in Malaybalay City. Traveling to Bukidnon can be taxing at times. You’ll literally go through ups and downs for hours, depending on where you are coming from. But trust that all the.....»»

Category: newsSource:  inquirerRelated NewsMay 28th, 2024

Why do many Filipinos still sleep on street pavements?

On my daily routine traveling to work, I see children with their grown-ups, parents presumably, sleeping on the side streets in makeshift carton shelters......»»

Category: newsSource:  philstarRelated NewsMay 7th, 2024

In Asia Pacific, rise in public debt is hurting women’s access to social services

Regular check ups, particularly those related to reproductive health, are not covered by the free services provided by village health centers, as per the Philippine law on universal health care. Fabella wishes that the government can allocate more funds for the basic services but this has not improved over the years. The post In Asia Pacific, rise in public debt is hurting women’s access to social services appeared first on Bulatlat......»»

Category: newsSource:  bulatlatRelated NewsMay 2nd, 2024

Czech Republic ups quota for Filipino workers to 10,000

The number of overseas Filipino workers that can enter Czech Republic has gone up from 5,500 in January to almost 10,300 per year starting May 2024, President Marcos Jr. announced during a joint press conference with Czech President Petr Pavel......»»

Category: newsSource:  philstarRelated NewsMar 15th, 2024

Entrepreneur’s Mindset in Every Situation in their Journey

Starting your own business is a bit like stepping into a wild world of “what-ifs” – a rollercoaster ride with its share of ups and downs. To navigate the entrepreneurial environment, it’s important to approach different situations with the right mindset. Here are some tips: Facing Economic Downturns When the economy takes a nosedive, it’s […].....»»

Category: newsSource:  metrocebuRelated NewsFeb 16th, 2024

Embo residents get free access to Makati service caravans, medical check-ups

The Makati local government unit said that EMBO residents can avail of free services from the city’s “Lingkod Bayan Caravan,” which is regularly scheduled on a Saturday......»»

Category: newsSource:  philstarRelated NewsFeb 8th, 2024

As global economy slows, Philippines bats for intensified financing solutions

The Philippines has called on multilateral financial institutions to step up support and financing solutions to developing nations as the global economy hits a critical point of further slowdown......»»

Category: financeSource:  philstarRelated NewsApr 21st, 2024

LT Group income slightly up in 2023

Earnings of tycoon Lucio Tan’s LT Group Inc. saw a slight improvement last year as higher contributions from its banking, liquor and property units offset the slowdown in the tobacco business......»»

Category: financeSource:  philstarRelated NewsMar 18th, 2024

Domestic trade expected to improve this year

Domestic trade is seen improving this year on expectations of strong economic activity and continued slowdown in inflation, according to economists......»»

Category: financeSource:  philstarRelated NewsFeb 9th, 2024

Weak exports still biggest hurdle to Philippines expansion

The Philippine export sector remains the biggest drag to economic expansion as it takes a hit from the slowdown in major trading partners, according to a unit of Fitch Solutions......»»

Category: financeSource:  philstarRelated NewsFeb 7th, 2024

BSP to keep policy stance sufficiently tight

Despite the slowdown in the rise in consumer prices in the past four months, monetary authorities deem it necessary to keep monetary policy settings sufficiently tight until there is sustained decline in inflation......»»

Category: financeSource:  philstarRelated NewsFeb 7th, 2024

Meralco expects energy sales to grow this year

Despite a projected slowdown in demand from the commercial segment, the Manila Electric Co. (Meralco) still expects its energy sales to improve by 4.5 percent this year......»»

Category: financeSource:  philstarRelated NewsJan 21st, 2024

EU looks sad - Russian tycoon

Unlike the US and China, the bloc doesn't have the money to pursue innovation, Oleg Deripaska has said   The European Union looks particularly "sad" amid the ongoing global economic slowdown due to a lack of technology and finances to institute structural changes and invest in innovation, Russian busines.....»»

Category: newsSource:  philippinetimesRelated NewsJan 20th, 2024

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 […].....»»

Category: newsSource:  metrocebuRelated NewsApr 24th, 2024

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......»»

Category: financeSource:  philstarRelated NewsApr 11th, 2024