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Xinhua world news summary at 1500 GMT, Jan. 11

MANILA -- Philippine President Ferdinand Romualdez Marcos on Thursday night expressed optimism that his country can reach a gross domestic product (GDP) growth target of 6 percent to 7 percent for 2023. "The Philippines is touted to become one of the fastest-growing economies among major Asian countries in 2023," said Marcos during a traditional ceremony at the presidential palace in Manila. (Philippines-Growth-.....»»

Category: newsSource:  philippinetimesRelated NewsJan 14th, 2024

Philippine economy growth may reach 6 pct to 7 pct in 2023: Marcos

MANILA, Jan. 11 (Xinhua) -- Philippine President Ferdinand Romualdez Marcos on Thursday night expressed optimism that his country can reach a gross domestic product (GDP) growth target of 6 percent to 7 percent for 2023. "The Philippines is touted to become one of the fastest-growing economies among major Asian countries in 2023," said Marcos during a traditional ceremony at the presidential palace in Manila......»»

Category: newsSource:  manilanewsRelated NewsJan 12th, 2024

Xinhua world news summary at 1500 GMT, Jan. 11

MANILA -- Philippine President Ferdinand Romualdez Marcos on Thursday night expressed optimism that his country can reach a gross domestic product (GDP) growth target of 6 percent to 7 percent for 2023. "The Philippines is touted to become one of the fastest-growing economies among major Asian countries in 2023," said Marcos during a traditional ceremony at the presidential palace in Manila. (Philippines-Growth-.....»»

Category: newsSource:  manilanewsRelated NewsJan 12th, 2024

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......»»

Category: financeSource:  philstarRelated NewsJan 10th, 2024

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......»»

Category: financeSource:  philstarRelated NewsApr 6th, 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

Double-digit growth in bank lending seen this year

The Philippine banking sector is expected to book double-digit growth in loan disbursements this year on the back of robust economic growth, according to BMI Country Risk & Industry Research......»»

Category: newsSource:  philstarRelated NewsJan 19th, 2024

DTI optimistic of completing FTA talks ahead of target

The Department of Trade and Industry is upbeat talks for a free trade agreemen with the European Union could be concluded before the 2027 target......»»

Category: financeSource:  philstarRelated NewsMay 12th, 2024

DA slashes palay output target to 20.4 million tons

The Department of Agriculture slashed its palay production target for the year to 20.4 million metric tons after taking into consideration the impact of El Niño on domestic farms......»»

Category: newsSource:  philstarRelated NewsMay 9th, 2024

Customs overshoots collection target anew

The Bureau of Customs continued its streak of exceeding its target collection with a haul of more than P80 billion in April......»»

Category: financeSource:  philstarRelated NewsMay 6th, 2024

April inflation seen breaching 4 percent target

Inflation likely picked up and breached the four percent upper target for the first time in five months in April, which will prompt the Bangko Sentral ng Pilipinas (BSP) to keep its hawkish stance, a poll of economists showed......»»

Category: financeSource:  philstarRelated NewsMay 5th, 2024

‘Comelec to meet new voters target for 2025 polls’

The Commission on Elections (Comelec) has expressed confidence that it will achieve its target of three million new voters for the May 2025 midterm elections......»»

Category: newsSource:  philstarRelated NewsMay 3rd, 2024

BOC Port of Cebu tops target for April

BOC Port of Cebu tops target for April.....»»

Category: newsSource:  sunstarRelated NewsMay 3rd, 2024

High-value target wa na makaiktad

High-value target wa na makaiktad.....»»

Category: sportsSource:  abscbnRelated NewsMay 1st, 2024

Inflation likely breached upper 4 percent target in April

Headline inflation is expected to settle within the range of 3.5 to 4.3 percent in April, from a three-month high of 3.7 percent in March, possibly breaching the upper four percent target of the Bangko Sentral ng Pilipinas......»»

Category: financeSource:  philstarRelated NewsMay 1st, 2024

ACEN attains 5-GW renewable energy goal ahead of target

It is mission accomplished for ACEN Corp., the listed energy platform of the Ayala group, having achieved its five gigawatts (GW) of renewable energy capacity target a year ahead of schedule......»»

Category: financeSource:  philstarRelated NewsApr 28th, 2024

Government arsenal spending up 420 percent but misses production target

The Government Arsenal increased its spending in 2023 by 420 percent, but still failed to meet its ammunition production target for the year, according to a report from the Commission on Audit......»»

Category: newsSource:  philstarRelated NewsApr 2nd, 2024

BSP: Inflation surpassed target in March

Inflation likely continued its uptick in March but breaching the target of the central bank for the first time in three months amid more expensive electricity costs, oil and food prices......»»

Category: financeSource:  philstarRelated NewsApr 1st, 2024

DOH, BARMM target 1.3M kids for measles shots

DOH, BARMM target 1.3M kids for measles shots.....»»

Category: newsSource:  sunstarRelated NewsMar 29th, 2024