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Xinhua world economic news summary at 0830 GMT, Feb. 7
MANILA -- 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. (Philippines-Manufac.....»»
Century Properties eyes P4 billion from pref shares issue
Century Properties Group Inc. has set the preliminary terms for its planned preferred shares issuance, in which the company intends to raise as much as P4 billion......»»
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.....»»
2.4M Dabawenyos working as of Oct 2023
The October 2023 Preliminary Employment report by the Philippine Statistics Authority-Davao Region (PSA-Davao) reveals that 64 percent of the 3.780 million Dabawenyos aged 15 and above are part of the labor force, indicating that 2.42 million individuals are employed. This represents a 1.8 percentage point increase from the previous year. The report also highlights a 97.1 percent employment rate in the Davao Region as of October 2023, with a 2.9 percent unemployment rate, lower than the national average. Despite this, the region still maintains the highest employment rate in the Philippines. Additionally, the report compares employment rates across different regions, with Soccsksargen, Barmm, Central Luzon, CAR, Caraga, Western Visayas, Cagayan Valley, Mimaropa, and Central Visayas surpassing the national average. The Bangsamoro Autonomous Region in Muslim Mindanao (Barmm) records the highest labor force participation rate among 17 regions, while the Zamboanga Peninsula has the lowest rate. The data is collected through the Labor Force Survey (LFS) conducted quarterly and monthly by the PSA central office and its regional statistical services offices. The Davao Region, with nearly 6 million inhabitants, remains the 7th most populous region in the country......»»
TAPE files TRO vs Eat Bulaga court order
Television and Production Exponents Inc. (TAPE) filed a temporary restraining order (TRO) and requested for a preliminary mandatory injunction regarding a court's decision on the "Eat Bulaga" trademark......»»
DOTr conducts preliminary evaluation of NAIA bids
All bidders eyeing the contract to operate and maintain the Ninoy Aquino International Airport have submitted complete documents for their technical proposals, inching them closer to the final round of the selection process......»»
Sarah Geronimo, Bamboo, Jericho Rosales headline Bicol hot air fest concert
Sarah Geronimo, Bamboo, Jericho Rosales and Ely Buendia will be performing at this weekend's Bicol Loco Hot Air Festival in Albay......»»
Getting richer?
The Economist, a respected publication that usually tells you the whole story, has come up with a report on the Philippines titled: Without fanfare, the Philippines is getting richer. If you only read the headline, you would think it is an advertorial supplement bought by the government......»»
Pinoy Liga ushers in Season 3
UAAP king La Salle and NCAA champion San Beda headline the cast as the Pinoy Liga Collegiate Cup ushers in the star-studded Season 3 this weekend at the Enderun Colleges in Taguig City......»»
Gabby Concepcion on leading lady Marian Rivera’s primetime comeback: ‘I’m just here to support her’
Gabby Concepcion teams up with Marian Rivera for the first time in the GMA Prime series, “My Guardian Alien.” It’s a fulfillment of a long-overdue plan to have the actor and the actress headline a Kapuso show......»»
BSP on guard vs inflation risks amid El Niño
The BSP chief said headline inflation likely further accelerated to 3.9 percent in March from 3.4 percent in February due to base effects, but lower than the 7.6 percent in March 2023......»»
Climate shocks on inflation can last up to 4 years – BSP
Climate-related inflation shocks may be felt for up to four years, causing a pronounced hike in headline inflation, a study by the Bangko Sentral ng Pilipinas Research Academy showed......»»
La Salle, San Beda headline 6-team cast in PBA D-League
La Salle and San Beda are billed as favorites in the PBA D-League Aspirants' Cup after their respective title romps in the UAAP and NCAA.....»»
Citi hikes Philippines inflation forecast
Global banking giant Citi raised its 2024 inflation forecast for the Philippines to 3.6 percent from 3.4 percent previously, following the faster-than-expected headline print in February......»»
Developmental League new season all set
Back-to-back reigning champion EcoOil-La Salle and runner-up Marinerong Pilipino-San Beda headline the cast as the PBA Developmental League ushers in its 2024 calendar with the Aspirants’ Cup on March 14 at the Filoil EcoOil Centre......»»
Green Archers, Red Lions tagged as favorites in Aspirants’ Cup
Back-to-back reigning champion EcoOil-La Salle and runner-up Marinerong Pilipino-San Beda headline the cast as the PBA Developmental League ushers in its 2024 calendar with the Aspirants’ Cup on March 14 at the Filoil EcoOil Centre......»»
Inflation halts 4-month decline
Headline inflation may have picked up for the first time in four months in February, mainly driven by higher rice prices and electricity rates, according to a poll of top economists......»»
Tom Rodriguez back in showbiz, to headline Ibarra: Isang Dulang Pangkonsierto
Kapuso actor Tom Rodriguez is now back to showbiz after two years of hiatus in the US because of his breakup with ex-wife Carla Abellana. .....»»
SM Investments FY23 net income up 25% to P77-B
SM Investments teased its FY23 results with a headline 25% improvement in its net income to P77.0 billion, backed by an 11% increase in consolidated revenues and strong performances across its portfolio, particularly in the banking and property development segments......»»
Senate President, First Lady headline Consular Corps meeting
It is not every day that two of the most outstanding and prominent personalities in the country share centerstage of a gathering of equally important standing......»»