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Near-target 2023 GDP growth acceptable amidst economic challenges – Neda chief
INQUIRER/ MARIANNE BERMUDEZ MANILA, Philippines — The country’s chief socioeconomic planner, Secretary Arsenio Balisacan of the National Economic and Development Authority (Neda), said that a 2023 economic growth slightly lower than the previous year’s 7.6 percent but near the government’s 6 to 7 percent target range would be considered acceptable, given the challenges faced by the.....»»
Vehicle sales exceed 2023 target
Vehicle sales surpassed the industry’s target last year, registering a 21.9 percent growth amid sustained consumer demand and improved supply conditions......»»
‘MGEN to achieve target ahead of 2030 schedule’
Meralco PowerGen Corp. (MGen), the power generation arm of power distributor Manila Electric Co., expects to achieve its 1,500-megawatt (MW) renewable energy target ahead of 2030 schedule......»»
Clark airport exceeds 2023 passenger target
Clark International Airport, the alternative gateway to Metro Manila, breached its passenger target in 2023 amid the recovery of global air travel......»»
Economy likely grew by 6.2 percent in Q1
The Philippine economy is expected to have posted a 6.2-percent growth in the first quarter supported by gains in the labor market and manufacturing, as well as government spending, according to First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P)......»»
Quick rollout of PPPs to boost economic growth
The rollout of more infrastructure projects that involve the private sector is expected to prop up economic growth with the government likely to make up for its lagged spending last year, according to banking giant UBS......»»
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......»»
Ayala Land allots P13 billion to redevelop 4 major malls
Ayala Land Inc. is spending P13 billion for the redevelopment of its malls, which is expected to be completed by 2028......»»
Prices expected to remain elevated until Q3
The Bangko Sentral ng Pilipinas sees inflation quickening further and staying above the two to four percent target until the third quarter due to the negative impact of weather conditions on agricultural production......»»
BSP: February inflation expected to settle within gov t target
The Bangko Sentral ng Pilipinas expects that the inflation rate for February 2024 in the country will fall within the range of 2.8% to 3.6%......»»
Nomura hikes Philippines growth target for 2024
Nomura Global Markets Research has upgraded its economic growth forecast for the Philippines to six percent from 5.8 percent for this year after a better-than-expected expansion in 2023......»»
Inflation to average 3.2 percent in first quarter
Inflation is expected to average within the target range of the Bangko Sentral ng Pilipinas in the first quarter, according to First Metro Investment Corp. and University of Asia and the Pacific Capital Markets Research......»»
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.......»»
As expected, Bossong wins gold in 800 meters
Fil-Am sensation Victoria Bossong showed promise as she ruled the event she was expected to dominate – the women’s 800 meters – yesterday in the ICTSI Philippine Athletics Championships at the PhilSports oval......»»
Big-time oil price cut expected on May 14
Another big-time oil price rollback is expected during the second week of May......»»
Aparri, Cagayan heat index expected to hit 48°C
MANILA, Philippines — Aparri in Cagayan is expected to hit the highest heat index on Sunday at 48 degrees Celsius (°C), according to the Philippine Atmospheric, Geophysical, and Astronomical Services Administration (Pagasa). Based on Pagasa’s forecast, Dagupan City in Pangasinan might also experience extreme heat at 47°C, followed by Virac in Catanduanes at 45°C. Apart.....»»
Dangerous heat index expected in 30 areas nationwide, including NCR
State weather bureau PAGASA reported that the heat index in 30 areas across the country, including parts of Metro Manila, is expected to soar to dangerous levels on Saturday......»»
Big-time oil price rollback expected on May 7
A big-time oil price rollback is expected on the first week of May......»»
Fuel price rollback expected on Tuesday
Fuel price rollback expected on Tuesday.....»»
Gabii sa Kabilin set to return on May 10; 10K people expected to join heritage tour
Gabii sa Kabilin set to return on May 10; 10K people expected to join heritage tour.....»»