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Moody’s trims Philippines GDP growth to 5.8%

Moody’s Investors Service is now looking at a slower rebound for the Philippines from the recession, lowering the country’s 2021 gross domestic product growth forecast to 5.8 percent from the original target of 6.3 percent......»»

Category: financeSource: philstar philstarJul 22nd, 2021

StanChart cuts Philippines GDP growth to 4.6%

With an earlier resurgence in new COVID-19 cases and the slow pace of vaccination, the Philippines may recover slower from the pandemic than other economies in Asia, according to Standard Chartered Bank......»»

Category: financeSource:  philstarRelated NewsJul 15th, 2021

IMF trims GDP growth forecast for Philippines to 5.4%

The International Monetary Fund now expects a slower economic recovery for the Philippines this year as it slashed its gross domestic product growth forecast to 5.4 percent amid delays in vaccinations and the resurgence of COVID-19 cases......»»

Category: financeSource:  philstarRelated NewsJun 17th, 2021

World Bank trims Philippine growth forecast to 4.7%

The World Bank continued to be less bullish on economic recovery for the Philippines as it further downgraded the country’s growth forecast this year due to the resurgence of COVID-19 cases and reimposition of strict lockdowns......»»

Category: financeSource:  philstarRelated NewsJun 8th, 2021

Capital Economics trims anew Philippine growth forecast

London-based Capital Economics further slashed its gross domestic product growth forecast for the Philippines this year following a disappointing performance in the first quarter......»»

Category: financeSource:  philstarRelated NewsMay 27th, 2021

Moody s unit turns gloomy on Philippines struggle to exit pandemic

A sluggish vaccination program and a “decentralized” healthcare system is delaying the Philippines’ economic comeback, with growth prospects for this year turning bleaker as the country struggles to contain an unexpected flare-up of coronavirus cases......»»

Category: financeSource:  philstarRelated NewsMay 24th, 2021

Moody’s Analytics further cuts Philippines GDP forecast to 5%

Moody’s Analytics has further slashed the projected gross domestic product growth of the Philippines to five instead of 6.3 percent this year due to the imposition of strict lockdown and quarantine measures amid the resurgence of COVID-19 infections......»»

Category: financeSource:  philstarRelated NewsMay 10th, 2021

Return to pre-pandemic growth seen beyond Duterte gov t

“India and the Philippines were the two hardest hit by the economic impacts of the pandemic…,” Moody's Analytics said......»»

Category: newsSource:  philstarRelated NewsNov 19th, 2020

Moody& rsquo;s expects PH economy to fall 7% this year

Major credit watcher Moody’s Investors Service on Thursday downgraded its 2020 economic growth forecast for the Philippines to -7 percent from its previous estimate of -4.5 percent because of the worse-than-expected impact of the COVID-19 health crisis......»»

Category: financeSource:  thestandardRelated NewsSep 4th, 2020

No growth for Philippines in Q3, says Moody’s unit

The Philippines is the only country in the Asia-Pacific region not expected to recover in the third quarter amid the long and strict lockdown to contain the outbreak of coronavirus disease 2019 or COVID-19 , Moody’s Analytics said......»»

Category: financeSource:  philstarRelated NewsJul 25th, 2020

Pandemic-related risks to delay Philippine recovery

Pandemic-related risks are expected to delay the Philippines’ economic recovery and may raise the prospects of long-term economic scarring, according to Moody’s Investors Service......»»

Category: financeSource:  philstarRelated NewsJul 26th, 2021

UnionBank profit surges to P8.3 billion in first half

Union Bank of the Philippines almost doubled its profit to P8.31 billion in the first half from the revised P4.27 billion in the same period last year on the back of the double-digit growth in revenues and a sharp drop in provision for potential loan losses arising from the COVID-19 pandemic......»»

Category: financeSource:  philstarRelated NewsJul 26th, 2021

Philippine women s football gets big boost with new association

The growth and development of women's football in the Philippines just got a shot in the arm with the Philippine Women's Football Association (PWFA)......»»

Category: sportsSource:  philstarRelated NewsJul 25th, 2021

EP ‘Pagsibol’ ng SB19 mapakikingnan na!

MANILA, Philippines – MAPAkikinggan na nA’TIN ang pinakabagong EP ng SB19 na pinamagatang “Pagsibol.” Sa isang virtual press conference, nilahad ng grupo ang kwento sa likod ng bagong EP. “Pagsibol will talk about our growth, about our journey as SB19 from the beginning up to where we are now today,” sinabi ni Justin sa isang […] The post EP ‘Pagsibol’ ng SB19 mapakikingnan na! appeared first on REMATE ONLINE......»»

Category: newsSource:  remateRelated NewsJul 22nd, 2021

ADB keeps Philippine growth outlook

Manila-based Asian Development Bank is keeping its economic growth outlook for the Philippines at 4.5 percent this year amid a sea of downgrades in Southeast Asia due to the resurgence of COVID-19 cases......»»

Category: financeSource:  philstarRelated NewsJul 20th, 2021

Growing business

The Philippines has a large untapped market that fintech companies can capitalize on given conventional banks’ slow progress in offering digital financial services, according to the latest report of Moody’s Investors Services......»»

Category: financeSource:  philstarRelated NewsJul 17th, 2021

TCS to help Converge improve customer experience, accelerate growth

Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organization, announced that it is partnering with Converge ICT Solutions Inc. (Converge) (PSE: CNVRG), a large, end-to-end high-speed fiber broadband provider in the Philippines, to help the latter further enhance the customer experience for its fast-growing subscriber base......»»

Category: techSource:  thestandardRelated NewsJul 17th, 2021

ING cuts Philippines growth forecast

Dutch financial giant ING Bank sees the Philippines lagging in terms of recovery from the pandemic as it slashed the gross domestic product growth forecast to 4.7 percent instead of five percent this year......»»

Category: financeSource:  philstarRelated NewsJul 14th, 2021

Office space demand to remain strong – JLL

Demand for office spaces is expected to remain stable and resilient, with the business process outsourcing sector leading the growth in the Philippines, according to a study by Jones Lang LaSalle......»»

Category: financeSource:  philstarRelated NewsJul 14th, 2021

Fitch revises Philippines outlook to negative

New York-based Fitch Ratings has lowered its outlook for the Philippines to negative from stable as it expects a slower recovery for the country from the pandemic-induced recession with a gross domestic product growth of five percent instead of 6.3 percent this year......»»

Category: newsSource:  philstarRelated NewsJul 13th, 2021

Philippines cautioned against loosening social restrictions

Moody’s Analytics has warned the Philippines about loosening its social restrictions amid the recent trend in the resurgence of COVID-19 infections as well as the spread of the Delta variant across Asia-Pacific......»»

Category: financeSource:  philstarRelated NewsJul 13th, 2021