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Deficit-to-GDP ratio seen at 5.9 percent this year

Japanese investment bank Nomura expects the Philippines’ deficit-to-gross domestic product ratio to remain “high” at 5.9 percent this year......»»

Category: financeSource:  philstarRelated NewsMay 25th, 2024

Philippines GDP expands by 5.7 pct in Q1

MANILA, May 9 (Xinhua) -- The Philippines' gross domestic product (GDP) expanded 5.7 percent year-on-year in the first quarter of 2024, the Philippine Statistics Authority (PSA) said Thursday. The latest figure is higher than the 5.5 percent growth in the fourth quarter of 2023, but lower than the 6.4 percent expansion posted in the first quarter of 2023. PSA head Dennis Mapa told a press conference that.....»»

Category: newsSource:  manilanewsRelated NewsMay 10th, 2024

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......»»

Category: financeSource:  philstarRelated NewsMar 28th, 2024

Philippines slightly upgrades GDP growth to 6 pct in Q3

MANILA, Jan. 30 (Xinhua) -- The Philippine Statistics Authority (PSA) on Tuesday slightly upgraded year-on-year growth of gross domestic product (GDP) for the third quarter of 2023 to 6 percent from preliminary estimate of 5.9 percent. "The major contributors to the upward revision were manufacturing, from 1.7 percent to 1.8 percent; financial and insurance activities, from 9.5 percent to 9.6 percent; and accomm.....»»

Category: sportsSource:  abscbnRelated NewsFeb 1st, 2024

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......»»

Category: financeSource:  philstarRelated NewsJan 21st, 2024

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.....»»

Category: newsSource:  manilanewsRelated NewsJan 18th, 2024

Amparo falls short vs. Shigeoka in last minute world title bout

CEBU CITY, Philippines — World-rated Boholano Jake “El Bambino” Amparo faltered in his first world title shot in the hands of the defending International Boxing Federation (IBF) world minimumweight champion Ginjiro Shigeoka on Sunday, March 31, in Nagoya, Japan.  Shigeoka made easy work against his last minute opponent by scoring a second round knockout. He.....»»

Category: newsSource:  inquirerRelated NewsMar 31st, 2024

Quiban bounces back with solid 67; Que survives but Tabuena falls

Justin Quiban showcased his true potential in a remarkable turnaround following a scrambling opening round 71, coming through with a solid five-under 67 to get into the mix halfway through the International Series Oman in Muscat Friday......»»

Category: sportsSource:  philstarRelated NewsFeb 24th, 2024

Strong Group falls short of title after opponent s buzzer-beater

Strong Group Athletics’ dream run in the Dubai International Basketball Championship came to a heartbreaking end after a buzzer-beater by Ismail Ahmad Abdelmoneim gave Al Riyadi Club the championship, 77-74......»»

Category: newsSource:  philstarRelated NewsJan 29th, 2024

Cebu Pacific shelves plans for Saudi, China flights

Low-cost carrier Cebu Pacific is focusing its international expansion within East and Southeast Asia this year, shelving plans of launching flights to Saudi Arabia and reopening trips to Beijing as supply issues shake the airline......»»

Category: financeSource:  philstarRelated NewsFeb 4th, 2024

Unilever bullish on Philippine growth prospects

Unilever Philippines is optimistic of sustaining robust growth this year as it aims to grow its business faster than the country’s gross domestic product......»»

Category: financeSource:  philstarRelated NewsFeb 14th, 2024

Philippines posts 5.6% GDP growth in 2023, misses gov t target

The country’s gross domestic product (GDP) grew 5.6% in the fourth quarter from a year earlier, falling short of the government target, the Philippine Statistics Authority (PSA) reported on Wednesday......»»

Category: newsSource:  philstarRelated NewsJan 31st, 2024

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......»»

Category: newsSource:  philstarRelated NewsJan 27th, 2024

12 people drown in Philippines during past week break

MANILA, April 1 (Xinhua) -- At least 12 people, including a three-year-old boy, have drowned in the Calabarzon region during the past holy week break starting March 28, local police said on Monday. The victims died in separate incidents in the region, which is located in southeast of Manila and comprises five provinces. Filipinos observe the holy week that falls during summer by heading to the beach or ri.....»»

Category: sportsSource:  abscbnRelated NewsApr 1st, 2024

Suspect in shooting falls

olice have apprehended one of the three suspects in the killing of a 47-year-old man during a shooting in Quezon City yesterday......»»

Category: newsSource:  philstarRelated NewsMar 21st, 2024

‘Si Lord muna’: Couples dedicate Heart s Day to church amid 2024’s ‘Barbenheimer’

This year's Valentine's Day, dubbed by some as 2024's "Barbenheimer," falls on Ash Wednesday, a significant day for Catholics that marks the start of the Lenten season, prompting many to abstain from everyday indulgences......»»

Category: newsSource:  philstarRelated NewsFeb 14th, 2024

Heartbreaker: 30-year pro Somaa crushes Strong Group title push off buzzer-beater 3

Strong Group-Philippines painfully falls short of its championship bid in Dubai as Al Riyadi-Lebanon sinks a game-winning three right at the buzzer.....»»

Category: newsSource:  rapplerRelated NewsJan 28th, 2024

February 9 declared special non-working holiday

Malacañang has declared Feb. 9, a Friday, a special non-working day throughout the country for the celebration of the Lunar New Year, which falls on the next day......»»

Category: newsSource:  philstarRelated NewsJan 20th, 2024

Leader of gunrunning reservists, ex-soldiers falls

A 51-year-old man suspected of leading a gunrunning syndicate composed of reservists and former soldiers was arrested in Muntinlupa on Tuesday......»»

Category: newsSource:  philstarRelated NewsJan 11th, 2024

Millie Bobby Brown ikinasal na kay Jake Bongiovi: ‘It was very low-key’

IKINASAL na ang sikat na Hollywood actress na si Millie Bobby Brown sa kanyang fiancè na si Jake Bongiovi! Ang masayang balita ay kinumpirma ng ilang international media outlets kagaya ng People at The Sun sa magkahiwalay na reports kamakailan lang. “Millie and Jake quietly said their vows in America last weekend,” ayon sa source ng.....»»

Category: newsSource:  inquirerRelated NewsMay 27th, 2024