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S& P: Philippines may miss growth goal this year
S&P Global Ratings sees the Philippines again missing its growth targets this year as it kept its gross domestic product growth forecast at 5.9 percent. While the projection is better compared to other economies in the region, it is again below the government’s 6.5 to 7.5 percent growth target......»»
CitySavings Named One of the 2024 Philippines’ Growth Champions
City Savings Bank (CitySavings) continues to cement its position to become the leading mass market bank in the country with its inclusion as one of the 2024 Philippines’ Growth Champions. The Philippine Daily Inquirer released the report with international market research firm Statista. This year’s Philippines’ Growth Champions are companies with remarkable growth and resilience […].....»»
Japan credit rater bullish on Philippine growth this year
The Philippine economy is likely to grow by six percent this year, mainly driven by robust private consumption amid easing prices and stable remittances, Japan Credit Rating Agency Ltd. said......»»
Security Bank expects higher profit in 2024
Security Bank Corp. is expecting better profitability this year amid a double-digit growth in its lending business, the bank’s investments in technology as well as its plans to put up more branches......»»
CNPF net income up by 12 percent in 2023
Century Pacific Food Inc., the Po family’s listed food and beverage firm, overcame headwinds from inflationary environment last year to finish with a double-digit profit growth, driven by a strong performance of its branded business......»»
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 […].....»»
EastWest Bank profit hits P6.1 billion
Gotianun-led EastWest Banking Corp. saw its net income jump by 32 percent to P6.1 billion in 2023 from P4.6 billion in 2022 on the back of double-digit growth in loan portfolio and stable funding sources......»»
Heart Evangelista may nakakaintrigang cryptic post, may pinapatamaan ba?
ININTRIGA ng maraming netizens ang recent social media post ng fashion icon na si Heart Evangelista. Ang tanong nila, sino kaya ang pinapatamaan niya rito? Sa Instagram kasi, may cryptic post si Heart na tungkol sa “enemy” o kaaway. Ibinandera niya ang book cover na may pamagat na “Don’t Give the Enemy a Seat at.....»»
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 […].....»»
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......»»
Philippine government retains 6.5 to 7.5 pct GDP growth target for 2024
MANILA, Jan. 26 (Xinhua) -- National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan on Friday expressed optimism that the Philippine government will achieve a gross domestic product growth of 6.5 percent to 7.5 percent in 2024. "This growth will be supported by low and manageable inflation, a labor force with access to more and better jobs, a stronger fiscal position in the form of a lower.....»»
Philippine government retains 6.5 to 7.5 pct GDP growth target for 2024
MANILA, Jan. 26 (Xinhua) -- National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan on Friday expressed optimism that the Philippine government will achieve a gross domestic product growth of 6.5 percent to 7.5 percent in 2024. "This growth will be supported by low and manageable inflation, a labor force with access to more and better jobs, a stronger fiscal position in the form of a lower.....»»
PFDA commits to increased dividend payments to Treasury
Department of Agriculture’s Philippine Fisheries Development Authority announced in a statement that it would remit 75% of its dividend payouts coming from the prior 50% after Finance Secretary Ralph Recto requested the government firm to increase its remittances to the government. .....»»
Dollar remittances hit record high
The strong finish in December due to the holiday season boosted dollars sent home by Filipinos abroad to reach an all-time high of $37.2 billion in 2023, the Bangko Sentral ng Pilipinas said......»»
4th OFW reported injured in Taiwan earthquake
There are now four overseas Filipino workers reported hurt in the 7.2 magnitude quake that hit Taiwan Wednesday, the Department of Migrant Workers said......»»
Jon Lucas napasabak sa showbiz para mapauwi sa Pinas ang inang OFW
PARANG eksena sa mga teleserye at pelikula ang ilang bahagi ng buhay noon ng Kapuso hunk actor na si Jon Lucas. Kuwento ng kontrabida ni Ruru Madrid sa Kapuso primetime series na “Black Rider“, dala rin ng pangangailangan ng pamilya kaya nagdesisyon siyang mag-artista. Ayon sa dating member ng Hashtag, wala naman daw talaga siyang.....»»
OFW aspirants told: Engage with licensed recruitment agencies only
CEBU CITY, Philippines — The regional director of the Department of Migrant Workers in Central Visayas (DMW-7) warned aspiring Overseas Filipino Workers (OFWs) to engage with only legitimate and licensed recruitment agencies. Lawyer Karl Arriola, DMW-7 director, told CDN Digital that even if he was a lawyer, he still subscribed to the doctors’ advice: Prevention.....»»
Hontiveros: Quiboloy must answer for alleged extortion of OFWs
Reynita Fernandez, an OFW based in Singapore, said that she and other migrant workers were pressured and harassed into giving 90% of their salaries to Quiboloy......»»
Anne Curtis nag-ala Taylor Swift sa bday prod, mga OFW ‘umuwi’
PASABOG ang selebrasyon ng nag-iisang dyosa na si Anne Curtis matapos siyang mag-ala Taylor Swift sa kanyang birthday prod sa “It’s Showtime“. Matapos ang kanyang selebrasyon sa Australia kasama ang pamilya at kaibigan kung saan nanood sila ng “The Eras Tour”, umuwi sa Pilipinas ang aktres at dinala sa Kapamilya noontime program ang kanyang naging.....»»
Brother of slain OFW Jullebee Ranara says Kuwaiti law too lenient on killer
The appellate court in Kuwait upholds the 16-year prison sentence for the teenager who killed Ranara, a Filipino domestic worker.....»»