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Fishermen in the Philippines still damaging marine ecosystem
Crew members pull the net with fish in tow onboard a catcher vessel in the fishing grounds in the Sulu Sea, the Philippines, April 27, 2023. /CFPFishermen in the Philippines are still overfishing the sea areas around the island country, damaging the marine ecosystem, which in turn is threatening their own survival. Conservation group Oceana said more than 75 percent of the nation's fishing g.....»»
SM conglomerate optimistic on growth prospects for 2024
Conglomerate SM Investments Corp. of the Sy family is cautiously optimistic for 2024, but remains committed to stay on growth mode after solid contributions from its core businesses and higher earnings contribution from portfolio investments, which lifted earnings by a quarter to P77 billion in 2023......»»
Russian economy on sustainable growth trajectory - Mishustin
The country's GDP expanded above expectations last year Russia has not only withstood the pressure of Western sanctions and outside risks but has also managed to steer its economy toward sustainable growth, Prime Minister Mikhail Mishustin said on Tuesday. Every sector of industry registered positive dev.....»»
China: PH is ‘straying down a dangerous path’
MANILA, Philippines — China continued to blame the Philippines and its ally, the United States, for the continued tensions in the disputed West Philippine Sea. In a statement on Thursday, Chinese Ministry of National Defense spokesperson Wu Qian warned that the Philippines is going down a dangerous path. READ: No letup in Chinese water cannon attacks.....»»
Down Under Promotions supports ICC Bluehawks and BPBL
CEBU CITY, Philippines —The Sydney-bound Immaculada Concepcion College (ICC) Bluehawks senior men’s basketball team has earned the support of Down Under Promotions Sports and Events in their preparation for the Australian Chinese Basketball Association (ACBA). To recall, the ICC Bluehawks will represent the Philippines in the upcoming ACBA, which kicks off tomorrow. Besides the Philippines,.....»»
Philippines manufacturing output sustains growth in January
MANILA, March 7 (Xinhua) -- The Philippines' manufacturing production sustained growth momentum in January, the Philippine Statistics Authority (PSA) said Thursday. Based on the preliminary results of a monthly survey, the PSA said the year-on-year value of production index (VaPI) and the volume of production index (VoPI) increased 0.9 percent and 1.9 percent in January, respectively. Across all 22 indust.....»»
UBS sees 2-digit credit growth for Philippines banks
Banks operating in the Philippines are expected to post a double-digit credit growth this year on the back of robust economic expansion, according to banking giant UBS......»»
British chamber remains optimistic on UK-Philippines trade growth
With the total trade in goods and services reaching an all-time high of £3.0 billion, BCCP Executive Director/Trustee Chris Nelson expressed optimism on the positive growth trajectory of the UK and the Philippines’ bilateral trade......»»
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......»»
Philippines manufacturing output sustains growth in December 2023
MANILA, Feb. 7 (Xinhua) -- The performance of manufacturing production in the Philippines sustained its growth in December 2023, the Philippine Statistics Authority (PSA) said Wednesday. Based on the preliminary results of a monthly survey, the PSA said the year-on-year value of production index (VaPI) and the volume of production index (VoPI) increased by 2.6 percent and 2 percent in December, respectively......»»
IMF hikes Philippines 2024 growth target
The International Monetary Fund upgraded its 2024 economic growth forecast for the Philippines amid the stronger rebound in investments and exports......»»
Source and situs
With the advancements and increased access to technology, the interconnection between countries in terms of their people, culture and economies has become more seamless......»»
Web threats on Philippine firms triple; Smart warns vs fake cell towers
The Philippines sustained the third highest volume of online threats against businesses across six economies in Southeast Asia in 2023, prodding enterprises to improve their digital defenses......»»
Finance chief floats free trade deal with Canada
Finance Secretary Ralph Recto has floated the potential of a free trade agreement with Canada as he sought more economic and investment opportunities with one of the world’s biggest economies......»»
ASEAN+3 putting up fund to tap during emergencies, crises
The Association of Southeast Asian Nations and the neighboring economies of China, Japan and Korea (ASEAN+3) have agreed to establish a new financing facility that members can tap in times of emergency shocks and other crises......»»
Philippines contributes $3 million to ADF
The Philippines is providing $3 million (P171 million) to the Asian Development Bank fund meant to help poor and vulnerable economies in Asia-Pacific......»»
ADB urged to boost climate financing to $11.5 billion
The Asian Development Bank (ADB) needs to ramp up its climate financing to at least $11.5 billion annually as vulnerable economies continue to take the hit of the impact of worsening climate change......»»
Tourism Secretary Frasco backs return of church panels to Cebu
Tourism Secretary Christina Frasco says that pilgrimage tourism 'hinges on destinations like Boljoon Church in attracting tourists and supporting local economies'.....»»
Sustainable Practices for Small Businesses
As news about how microplastics have been harming fish for years adds up to the environmental problems the world is now facing, there is now the need for businesses to have an urgent focus on sustainability to not do any more damage to the environment. Small businesses, often the backbone of local economies, have a […].....»»
Red Sea crisis exposing EU energy weakness - FT
Diesel prices have jumped amid fears of disruptions in supply to the bloc, according to the outlet The surge in global diesel prices to an almost three-month high amid shipping disruptions is threatening to test the resilience of EU economies, the Financial Times reported on Wednesday. The rising p.....»»