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Banks expect higher consumer, corporate loan demand in Q1
Despite the higher for longer interest rate scenario, Philippine banks still expect a stronger loan demand from companies and households in the first quarter of the year, according to the Bangko Sentral ng Pilipinas......»»
Domestic demand likely softened in 2023
The Philippines is expected to have experienced a softening in domestic demand toward the end of 2023 due to a decline in consumer confidence and savings, according to UK-based think tank Pantheon Macroeconomics......»»
The United States vs. itself
While America’s military and economy remain exceptionally strong, its political system is more dysfunctional than that of any other advanced industrial democracy......»»
Media, spectators assured of good view for Araw ng Dabaw activities
DAVAO CITY (MindaNews / 12 February)—The Public Safety and Security Office (PSSO) assures spectators, especially the members of the media, to have an amiable and good space to cover the Araw ng Dabaw activities. Davao City will celebrate its 87th charter day on March 16, but by virtue of Republic Act No. 11379, enacted in […].....»»
Regus to Open a Flexible Working Space at Doña Elena Tower in Sta. Mesa, Manila
Regus, a globally renowned brand for flexible workspaces, is set to open its first facility at Doña Elena Tower, a bustling 11-storey building in Sta. Mesa, Manila. Regus at Doña Elena Tower will offer a range of flexible spaces, including private office spaces, coworking areas, virtual offices, and well-equipped meeting rooms, all designed for comfort […].....»»
World Bank maintains GDP growth forecast for Philippines to 5.8 pct in 2024
MANILA, June 4 (Xinhua) -- The Philippine economy will accelerate to 5.8 percent this year, and to 5.9 percent in 2025, according to a forecast report released by the World Bank on Tuesday. Growth is expected to be driven by strong household consumption, sustained strength in the services sector, and improved trade stemming from a rebound in global demand for goods and the continued recovery of services, the Wor.....»»
World Bank maintains GDP growth forecast for Philippines to 5.8 pct in 2024
MANILA, June 4 (Xinhua) -- The Philippine economy will accelerate to 5.8 percent this year, and to 5.9 percent in 2025, according to a forecast report released by the World Bank on Tuesday. Growth is expected to be driven by strong household consumption, sustained strength in the services sector, and improved trade stemming from a rebound in global demand for goods and the continued recovery of services, the Wor.....»»
World Bank retains Philippines growth outlook
The World Bank has maintained its growth forecasts for the Philippines for this year until 2026 on expectations of easing inflation, strong domestic demand as well as improved trade performance......»»
Car sales zoom by 22% in April
Vehicle sales in the country accelerated by more than a fifth in April from a year ago, supported by strong demand and availability of automotive financing......»»
Factory activity expands at fastest pace in 5 months
The country’s manufacturing sector in April expanded at the fastest pace in five months, supported by strong demand......»»
Vehicle sales up by 13% in Q1
Sales of motor vehicles in the country rose by 12.7 percent in the first quarter from a year ago, supported by strong consumer demand and improved supply......»»
Malaysian airline Capital A records load factor of 88 pct in FY2023
KUALA LUMPUR, Jan. 24 (Xinhua) -- Malaysian airline group Capital A, formerly AirAsia, has achieved a robust group load factor of 88 percent for the fiscal year of 2023, a year-on-year increase of 5 percentage points. Capital A said in a statement on Wednesday that the load factor showed the return of strong travel demand, which was aligned with the group's effort to inject capacity back into the market and rein.....»»
Malaysian airline Capital A records load factor of 88 pct in FY2023
KUALA LUMPUR, Jan. 24 (Xinhua) -- Malaysian airline group Capital A, formerly AirAsia, has achieved a robust group load factor of 88 percent for the fiscal year of 2023, a year-on-year increase of 5 percentage points. Capital A said in a statement on Wednesday that the load factor showed the return of strong travel demand, which was aligned with the group's effort to inject capacity back into the market and rein.....»»
DA chief orders transfer of suspended NFA supervisors’ authority
The transfer of authority of suspended warehouse supervisors of the National Food Authority has been ordered by Agriculture Secretary Francisco Tiu Laurel Jr. yesterday as NFA facilities remain closed amid the suspension order of the Office of the Ombudsman......»»
Performance review
This love month, Malacañang is in no loving mood. It has launched a performance review of all presidential appointees, “to ensure that those who are qualified will remain in office.”.....»»
Davao landslide kills 6, injures 31 others
MANILA, Philippines — Six miners were reported dead and 31 others injured after a landslide in Maco, Davao de Oro, the municipal government said on Wednesday. The Municipal Disaster Risk Reduction and Management Office of Maco said the Davao landslide casualties were reported as of 2:00 p.m. Forty-six other persons remain missing. Search and rescue.....»»
Police: No truth to bomb threat at PI’s prayer rally
The Davao City Police Office (DCPO) has debunked a text message claiming a bomb threat at the People's Initiative (PI) “Unity for One Nation, One Prayer” rally in San Pedro Square. The message warned of possible explosions at Rizal Park, one of the rally venues. Despite the lack of credible threats, the police urged vigilance and cooperation from the public for safety. Approximately 300 police personnel were deployed to secure various rally points, with additional support from volunteers and security clusters. Task Force Davao also activated a high alert status as part of the city's security measures. Captain John Louie Dema-ala confirmed that the circulating threat was unfounded and aimed at intimidating rallyists. Despite this, nearly 17,000 Dabawenyos joined the rally to oppose the proposed Charter change (Cha-cha) movement. The police and security forces remain vigilant and are conducting ongoing investigations into the social media threat......»»
Lapu-Lapu drug test: Tourism office JO positive for illegal drugs
LAPU-LAPU CITY, Cebu- One tested positive for using illegal drugs during a surprise drug test conducted by the City of Lapu-Lapu Office for Substance Abuse Prevention (CLOSAP) on Friday, March 15, for the occupants of the Tourism, Historical, and Cultural Affairs Commission (TCHAC) building. The government structure is occupied by tourism office personnel and employees.....»»
Kim, Paulo kontra sa office romance: Hindi talaga maiiwasan, pero…
KUNG sina Kim Chiu at Paulo Avelino ang tatanungin, mas mabuting umiwas na lang sa office love affairs para walang maging problema sa trabaho. “Office romance” ang isa sa tema ng Philippine adaptation ng hit Korean series na “What’s Wrong With Secretary Kim?” kaya naman natanong ang lead stars nitong sina Kim at Paulo kung.....»»
Laguna Police Provincial Office bags the Best PPO Award in CALABARZON
CAMP BGEN PACIANO RIZAL, Sta Cruz, Laguna – Laguna Police Provincial Office (LPPO) was awarded as the Best Police Provincial Office in the CALABARZON region during the Awarding Ceremony coinciding the Flag-Ceremony at Camp Vicente Lim, Calamba City on February 19th, 2024. Laguna Police Provincial Director Police Colonel Gauvin Mel Yamashita Unos, received the award […].....»»