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COMMENTARY | What happens when supply meets demand: Power-independent Cebu

With ample power resources, Cebu is experiencing transformative infrastructure projects and expanding industries, promising thousands of new jobs and economic growth......»»

Category: financeSource:  philstarRelated NewsMay 31st, 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

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

World Bank Sees Further Economic Growth for PH

The World Bank sees positive growth in the country’s economy in the next few years. According to the World Bank, they expect the average growth will be at an average of 5.9% annually between 2024 and 2026. The World Bank said that the growth rate in 2024 will be at 5.8%, while 5.9% in 2025. […].....»»

Category: newsSource:  metrocebuRelated NewsJun 5th, 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

SPi Global to hire more BPO workers

MANILA – SPi Global, the business process outsourcing arm of the Philippine Long Distance Telephone Co., will employ more Filipinos to support its projected 14-percent revenue growth in 2011......»»

Category: newsSource:  thenewstodayRelated NewsApr 10th, 2024

Xinhua world economic news summary at 0900 GMT, April 1

MANILA -- The Philippine government's budget deficit increased to 164.7 billion pesos (2.93 billion U.S. dollars) in February, the country's Bureau of the Treasury said Monday. "The wider budget gap stemmed from the 22.14 percent year-over-year increase in expenditures, matched with moderate revenue growth of 5.73 percent," the bureau said. With the February turnout, the bureau said the year-to-date fiscal balan.....»»

Category: sportsSource:  abscbnRelated NewsApr 1st, 2024

Retail expo tackles AI, sustainable practices

Discover the intersection of sustainability and artificial intelligence (AI) at the 30th National Retail Conference and Expo (NRCE) presented by the Philippine Retailers Association (PRA) – the premier national organization of the country’s top retailers and allied industries – on Aug. 29-30 at the SMX Convention Center Manila......»»

Category: financeSource:  philstarRelated NewsJun 3rd, 2024

Fintech provides Filipinos with glimpse of innovations in online financing and lending forum

How is technology beneficial to the finance and lending sector as well as to Filipinos in this day and age? That is the question posed and answered by distinguished guests who are top officials in their respective industries in an online forum organized by the Fintech Philippines Association recently......»»

Category: financeSource:  philstarRelated NewsJun 1st, 2024

Villar wants livestock, poultry, dairy sector reinforced

Sen. Cynthia Villar is pushing for a measure that seeks to advance the development, promotion and competitiveness of the livestock, poultry and dairy industries......»»

Category: newsSource:  philstarRelated NewsMay 27th, 2024

High performers are show offs

In my many years of working with a wide range of companies and organizations, covering different industries, HR associations and small businesses, it is evident that, as the old saying goes, success “isn’t rocket science.” High-performance organizations and individuals do have certain things in common that make them efficient and productive. Some factors drive high performance......»»

Category: financeSource:  philstarRelated NewsMay 24th, 2024

US defense secretary meeting with Pacific allies in Hawaii

pentagon - U.S. Secretary of Defense Lloyd Austin was in Hawaii on Thursday to meet with leaders from Australia, Japan and the Philippines amid increasing concerns about Chinese military aggression in the Pacific.Defense officials said the talks would continue the allies' "historic progress" on cooperation in their defense industries and military activities, including air and missile defense.Bradley Bowma.....»»

Category: newsSource:  manilanewsRelated NewsMay 3rd, 2024

Expo marks 30 years of retail excellence

The Philippine Retailers Association, the premier national organization of the country’s top retailers and allied industries announces the upcoming National Retail Conference and Expo 2024 slated on August 29 to 30 this year at the SMX Convention Center Manila......»»

Category: financeSource:  philstarRelated NewsApr 10th, 2024

Women empowering women

As we celebrate National Women’s Month in March, here are inspiring messages from women leaders of different industries and sectors......»»

Category: newsSource:  sunstarRelated NewsMar 28th, 2024

Most Filipinos reject Charter change, lifting foreign ownership restrictions

An overwhelming majority of Filipinos oppose changing the 1987 Constitution at this time, according to a new Pulse Asia Survey, with results showing Filipinos in all regions and all socio-economic classes did not support the lifting of foreign ownership restrictions in key industries......»»

Category: newsSource:  philstarRelated NewsMar 27th, 2024

Championing women in business

WOMEN in modern society have risen to prominence in various industries, notably in business and innovation. This significant shift from historically confined domestic roles to active participation in the public sphere has been exemplified by Belinda “Belle” L. Torres, the seventh President of the Davao City Chamber of Commerce and Industry (DCCCI)......»»

Category: newsSource:  sunstarRelated NewsMar 25th, 2024

D& L central hub in Batangas gets LEED gold seal

D&L Industries Inc. has secured a gold Leadership in Energy and Environmental Design (LEED) certification for its newly operational plant in Batangas......»»

Category: financeSource:  philstarRelated NewsMar 24th, 2024