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‘Philippine banks to ride wave of robust economic growth’

The projected robust economic growth this year could shape up into a better year for Philippine banks, S&P Global Ratings said......»»

Category: financeSource:  philstarRelated NewsJan 30th, 2024

Credit growth climbs to 11-month high in March

Consumer loans jumped by 25.4 percent to P1.32 trillion in March, slightly faster than the 25.2 percent expansion a month ago......»»

Category: financeSource:  philstarRelated NewsMay 10th, 2024

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......»»

Category: financeSource:  philstarRelated NewsMar 1st, 2024

Rate cut seen to boost growth

The much anticipated monetary policy easing will bolster the country’s economic expansion, but the growth will still be below targets amid risks stemming from the impact of El Niño, according to Sun Life Investment Management and Trust Corp.......»»

Category: financeSource:  philstarRelated NewsFeb 23rd, 2024

Near-target 2023 GDP growth acceptable amidst economic challenges – Neda chief

INQUIRER/ MARIANNE BERMUDEZ MANILA, Philippines — The country’s chief socioeconomic planner, Secretary Arsenio Balisacan of the National Economic and Development Authority (Neda), said that a 2023 economic growth slightly lower than the previous year’s 7.6 percent but near the government’s 6 to 7 percent target range would be considered acceptable, given the challenges faced by the.....»»

Category: newsSource:  inquirerRelated NewsJan 29th, 2024

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.....»»

Category: lifestyleSource:  abscbnRelated NewsJan 18th, 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

Addressing the Philippines’ 2024 Threat Landscape: Kaspersky Launches KUMA Platform

To help Filipino businesses and organizations stay safe in cyberspace while embracing digitalization, Kaspersky announces today the launch of Kaspersky Unified Monitoring and Analysis Platform (KUMA), its integrated software solution that includes a set of functions for security information and event monitoring and management. The Philippines is expected to continue its double-digit growth towards $35B […].....»»

Category: newsSource:  metrocebuRelated NewsMar 21st, 2024

Van plows into house in Philippines, killing 1, injuring 4

MANILA, March 15 (Xinhua) -- A delivery van plowed into a house along a highway in Quezon province of the Philippines, southeast of Manila, on Friday morning, killing the driver and injuring four others, police said. Police said the freight forwarder closed van truck was traveling to Unisan town from Manila when it crashed into a roadside house around 6 a.m. local time, killing the driver on the spot. A r.....»»

Category: newsSource:  inquirerRelated NewsMar 16th, 2024

Urgent: Truck plunges into cliff in central Philippines, killing 14

MANILA, Feb. 21 (Xinhua) -- At least 14 people were killed and three others critically injured after a truck fell into a cliff in Negros Oriental province in central Philippines on Wednesday. Police said the truck was traveling along a highway when the driver lost control of the vehicle in Mabinay town, causing it to overturn and roll into a ravine at around 1:30 p.m. local time. The upside-down truck pin.....»»

Category: newsSource:  philippinetimesRelated NewsFeb 22nd, 2024

Urgent: Truck plunges into cliff in central Philippines, killing 14

MANILA, Feb. 21 (Xinhua) -- At least 14 people were killed and three others critically injured after a truck fell into a cliff in Negros Oriental province in central Philippines on Wednesday. Police said the truck was traveling along a highway when the driver lost control of the vehicle in Mabinay town, causing it to overturn and roll into a ravine at around 1:30 p.m. local time. The upside-down truck pin.....»»

Category: newsSource:  manilanewsRelated NewsFeb 21st, 2024

UST shatters NU s 34-game win streak in UAAP men s volleyball

The UST Golden Spikers turned themselves into giant slayers after ending the NU Bulldogs’ dominance in UAAP men’s volleyball, winning their opening match of UAAP Season 86 in straight sets, 25-23, 26-24, 25-19......»»

Category: sportsSource:  philstarRelated NewsFeb 18th, 2024

Red-hot San Miguel rolls into finals as Ginebra suffers unprecedented sweep

San Miguel becomes the first team to sweep Barangay Ginebra in a best-of-five series in over a decade as it advances to the PBA Commissioner's Cup finals on a nine-game winning streak.....»»

Category: newsSource:  rapplerRelated NewsJan 28th, 2024

Treadwell hailed game changer as Rain or Shine rebounds from horror start

The decision to switch imports and bring in Demetrius Treadwell has worked wonders as Rain or Shine barges into the PBA playoffs owning the longest active winning streak in the league.....»»

Category: newsSource:  rapplerRelated NewsJan 15th, 2024

Stocks extend losing streak

Local stocks continued its descent as investors took a cautious approach ahead of the Bangko Sentral ng Pilipinas policy meeting......»»

Category: financeSource:  philstarRelated NewsApr 8th, 2024

Local youth back local gov’t decision to deny mining entry in Sagay

Local youth back local gov’t decision to deny mining entry in Sagay.....»»

Category: newsSource:  sunstarRelated NewsJan 22nd, 2024

Taal volcano near Philippine capital spews plume

MANILA, April 12 (Xinhua) -- A small volcano in a scenic lake south of Manila blew "a white steam-laden plume" 2,400 meters into the sky on Friday morning, but is "unlikely" to progress into magmatic eruption, the Philippine Institute of Volcanology and Seismology said. "A phreatic or steam-driven eruption at the Taal main crater occurred in the early morning between 5:11 a.m. and 5:24 a.m. local time based on s.....»»

Category: newsSource:  manilanewsRelated NewsApr 13th, 2024

Market extends gains to 4th day

The stock market extended its winning streak to four yesterday, but gains were minimal due to lack of catalysts......»»

Category: financeSource:  philstarRelated NewsApr 26th, 2024

T-bill rates up across the board

Demand went down while rates increased for short-term securities, but the government sustained its full award streak and raised P15 billion......»»

Category: financeSource:  philstarRelated NewsJan 22nd, 2024

Meralco rates up this month

Household consumers should expect higher electricity bills this month as energy utility provider Manila Electric Co. increased rates by P0.4621 per kilowatt hour, to P11.4139 per kWh from P10.9518 per kWh last month......»»

Category: newsSource:  philstarRelated NewsMay 15th, 2024