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Expect reduction in LPG prices starting Feb.
Expect reduction in LPG prices starting Feb......»»
Economy likely grew by 6.2 percent in Q1
The Philippine economy is expected to have posted a 6.2-percent growth in the first quarter supported by gains in the labor market and manufacturing, as well as government spending, according to First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P)......»»
Philippines manufacturing output declines in March
MANILA, May 8 (Xinhua) -- Manufacturing production in the Philippines recorded a decline in March, reversing its growth momentum in the past months, 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) decreased by 1.7 percent and 0.8 percent in March.....»»
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.....»»
Factory output growth slows sharply in 2023
The country’s manufacturing output expanded at a slower pace in 2023 as food, beverages and 12 other industry divisions registered declines, according to the Philippine Statistics Authority......»»
Factory activity eases in March
The growth in Philippine manufacturing activity eased slightly to 50.9 percent in March from 51 percent in February as production levels declined amid material shortages......»»
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.....»»
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 […].....»»
Metrobank profit rises by 14 percent to P12 billion in Q1
Earnings of Metropolitan Bank & Trust Co. went up by 14 percent to P12.1 billion in the first quarter from P10.6 billion in the same quarter last year, largely due to the consistent growth of its lending portfolio, better operational efficiencies as well as stable asset quality......»»
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......»»
Double-digit growth in bank lending seen this year
The Philippine banking sector is expected to book double-digit growth in loan disbursements this year on the back of robust economic growth, according to BMI Country Risk & Industry Research......»»
Wage determination should be region-specific: Dole-Davao
AN OFFICIAL from the Department of Labor and Employment-Davao Region (Dole-Davao) said that the determination of wages should be region-specific, taking into consideration socio-economic conditions, purchasing power, and poverty thresholds......»»
Why people’s initiative to amend Philippine Constitution reeks of ‘Marcosian tactics’
“Corruption & poverty are the main reasons why we lag behind economically and politically. These problems are not created by the 1987 Constitution, but by greedy politicians who control power and money for their self-interests." The post Why people’s initiative to amend Philippine Constitution reeks of ‘Marcosian tactics’ appeared first on Bulatlat......»»
How Entrepreneurship Helps in Escaping Generational Poverty
Generational poverty is a tough chain to break. The lack of opportunities to improve one’s state of life is one of the main reasons why breaking this chain remains a challenge. However, diving into entrepreneurship can help break this curse and flip fate in a person’s favor. But how does being an entrepreneur help pave […].....»»
Breaking the cycle of poverty with entrepreneurship
In my recent chat with former presidential spokesman, writer and businessman Ernie Abella, he asked me an interesting question: Can entrepreneurship boost the Philippine economy?.....»»
Declining public trust: Long list of problems in PCSO
FOR THOSE willing to play the odds, the small price of a lottery ticket holds up the magic power of possibility, the freedom from financial worries and deprivation, the dream of a different life come true. The little bit of chance enlivens with its promise of relief from the burdens of poverty or for those who are not poor, for more of the good life. Filipinos have embraced the Lotto. It is part of national life......»»
Make public schools local
It is obvious that we need more than the million plus DepEd bureaucracy to fast track the resurrection of our international reputation badly tarnished by results of recent international tests placing our children at the bottom of a list of many countries in terms of reading and math skills. More than our bruised national ego, our learning poverty of 90 percent dooms the economic future of our country......»»
Urban Agricultural Council in Baguio City sought
Urban agriculture that could thrive in Baguio City is eyed to reduce poverty, promote ecological integrity and food security......»»
Enact anti-dynasty law now, ex-AFP, PNP chiefs urge
Lawmakers blame poverty on the Constitution’s economic restrictions. But a select group of retired generals and coronels think otherwise. It’s politicos who are to blame for dynastic reigns that impoverish Fi.....»»