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NCR retail price growth steady in December – PSA
Retail prices of goods in Metro Ma- nila snapped a three-month downtrend as it maintained its pace of growth in December from the previous month, according to the Philippine Statistics Authority......»»
Monde Nissin sees sales, earnings growth in 2023
Monde Nissin Corp., the listed snack foods giant, expects core net income to have grown by mid-teens for 2023 with sales expected to have hit a high single-digit year-on-year growth......»»
Security Bank sees 5.8 percent economic growth in Q4
Security Bank Corp. believes the Philippine economy grew by 5.8 percent in the fourth quarter last year, bringing the full-year gross domestic product growth to 5.6 percent in 2023......»»
East Asia and Pacific to see moderate growth
The East Asia and the Pacific region is expected to have moderate growth this year amid headwinds from tight financial conditions and geopolitical rifts, according to a new report from the World Economic Forum......»»
NCR construction materials price growth eases in 2023
Retail price growth of construction materials in Metro Manila eased in 2023 from the previous year as all commodity groups posted slower increases, according to the Philippine Statistics Authority......»»
Philippine economy growth may reach 6-7 pct in 2023: Marcos
© Provided by Xinhua With robust growth, better management of overall inflation, and a decrease in unemployment rates, the Philippines has "gotten back on its feet from the reeling effect of the pandemic and the subsequent shocks," Philippine Preside.....»»
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 […].....»»
Philippine economy growth may reach 6-7 pct in 2023: Marcos
© Provided by Xinhua With robust growth, better management of overall inflation, and a decrease in unemployment rates, the Philippines has "gotten back on its feet from the reeling effect of the pandemic and the subsequent shocks," Philippine Preside.....»»
World Bank expects faster growth for Philippines this year
Economic growth in the Philippines is projected to be faster this year than in 2023, but the pace will be lower than the government’s target, the World Bank said in a report......»»
World Bank advises on poverty reduction in Muslim region of Philippines
MANILA, June 6 (Xinhua) -- Maintaining peace, supported by increasing farm profitability, diversifying income sources, enhancing access to basic social services, and upgrading infrastructure, will accelerate poverty reduction in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) in the southern Philippines, the World Bank said in a recent report. Following decades of sluggish economic growth, the Philip.....»»
World Bank advises on poverty reduction in Muslim region of Philippines
MANILA, June 6 (Xinhua) -- Maintaining peace, supported by increasing farm profitability, diversifying income sources, enhancing access to basic social services, and upgrading infrastructure, will accelerate poverty reduction in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) in the southern Philippines, the World Bank said in a recent report. Following decades of sluggish economic growth, the Philip.....»»
Balancing Innovation and Risk: How to Make Smart Business Decisions
Innovation drives business growth and helps you gain an edge over your competitors. However, this entails risks that need to be studied first before venturing into something new. Before pushing for innovation, it is crucial to assess the risks to make an informed decision. Here are two tips to help you navigate this effectively: 1. […].....»»
More investments in local motorcycle production sought
The Motorcycle Development Program Participants Association Inc. will push for more investments in motorcycle production in the country under the group’s new leadership to promote industry growth......»»
For progress
With the Philippines working to become an upper middle-income economy in the coming years, it is undeniable that the private sector plays a vital role in pursuing growth initiatives and driving innovation at th.....»»
Rice inflation rate slowed down in May 2024 — PSA
The Philippine Statistics Authority reported a slow growth in rice inflation between April and May 2024, as well as a slight decrease in its retail prices......»»
World Bank maintains GDP growth forecast for Philippines to 5.8 pct in 2024
MANILA, June 4 (Xinhua) -- The Philippine economy will accelerate to 5.8 percent this year, and to 5.9 percent in 2025, according to a forecast report released by the World Bank on Tuesday. Growth is expected to be driven by strong household consumption, sustained strength in the services sector, and improved trade stemming from a rebound in global demand for goods and the continued recovery of services, the Wor.....»»
World Bank maintains GDP growth forecast for Philippines to 5.8 pct in 2024
MANILA, June 4 (Xinhua) -- The Philippine economy will accelerate to 5.8 percent this year, and to 5.9 percent in 2025, according to a forecast report released by the World Bank on Tuesday. Growth is expected to be driven by strong household consumption, sustained strength in the services sector, and improved trade stemming from a rebound in global demand for goods and the continued recovery of services, the Wor.....»»
BSP: 150-bps rate cut ‘too aggressive’
Cutting borrowing costs by 150 basis points in two years is possible, but it will be “too aggressive” based on the economy’s current growth trajectory, according to Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr......»»
Manufacturing growth slows in May
The Philippine manufacturing sector expanded at a slower pace in May despite improved demand conditions as firms saw declining workforce numbers, according to S&P Global......»»
SM expanding hotel portfolio to support growth in tourism
The SM Group is set to capitalize on the country’s recovering tourism industry with plans to bolster its hotel portfolio in the coming years......»»