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Nickel Asia sees better ore output, slashes capex
Nickel Asia Corp expects better ore output this year, driven by the start of two new mine operations and the possible increase in global nickel prices......»»
Lower output cuts Philex profit
Pangilinan-led Philex Mining Corp. saw its 2023 core net income decline to P963 million year-on-year due to lower output and elevated operating costs and expenses......»»
Philippines manufacturing output sustains growth in February
MANILA, April 12 (Xinhua) -- The performance of manufacturing production in the Philippines sustained its growth in February, the Philippine Statistics Authority (PSA) said Friday. 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 7.5 percent and 8.9 percent in February, respectively. The.....»»
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 […].....»»
‘Legislated wage hike spells job losses’
A bill that seeks a P100 increase in the daily minimum wage for private workers nationwide could spell job losses especially in labor-intensive sectors, economists warned......»»
Shrinking news space: CNN Philippines shuts down due to financial losses
CNN PHILIPPINES officially announced on Jan. 29 that it was shutting down operations on all platforms following several years of financial losses. It made the announcement on its channel through a broadcast advisory, followed by an official statement on social media. Operated by Nine Media C.....»»
CNN Philippines announces closure due to financial losses
The news network announced its shutdown in a general assembly of its staff on Monday, citing “serious financial losses.".....»»
CNN Philippines shutting down as losses exceed P5B
MANILA —CNN Philippines is going off the air nearly nine years after debuting into the local broadcasting industry as its local franchise holder decided to pull the plug after accumulating financial losses exceeding P5 billion. The shutdown of the television network —which will affect about 300 employees — will be formally announced on Monday, an.....»»
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.....»»
NCR retail price growth steady in December – PSA
Retail prices of goods in Metro Ma- nila snapped a three-month downtrend as it maintained its pace of growth in December from the previous month, according to the Philippine Statistics Authority......»»
Cebu Province declares state of calamity due to El Niño
CEBU CITY, Philippines – The Cebu Provincial Government has declared the entire province under a state of calamity. This decision follows the submission of initial reports to the provincial government, detailing the damage and losses to crops and livestock in several areas of the province caused by the ongoing drought from the El Niño phenomenon.....»»
DA: Agri damage due to El Niño nears P6B
MANILA, Philippines — The ongoing El Niño drought is still causing serious damage to crops and animals nationwide, with losses now exceeding a third of what the Department of Agriculture (DA) reported just a week ago. As of April 30, the DA stated that the extreme heat and lack of rain had caused agricultural damage amounting.....»»
Negros Occidental El Niño agriculture losses hit P7 million
Damage to rice fields in three areas in Negros Occidental, which are experiencing drought due to El Niño, has reached P7 million, the office of the provincial agriculturist reported yesterday......»»
MCWD to provide additional 7,000 cubic meters smid drought impact
MCWD to provide additional 7,000 cubic meters smid drought impact.....»»
Pacers end playoff drought, eliminate Bucks
Pacers end playoff drought, eliminate Bucks.....»»
Philippines mulls cloud seeding to quench drought
MANILA, April 30 (Xinhua) -- A government official said Tuesday that the Philippines is mulling cloud seeding to quench the country's thirst amid the drought caused by the El Nino phenomenon, which has affected 2.9 million people. Task Force El Nino spokesperson Joey Villarama told reporters that 131 cities and municipalities across the country have declared a state of calamity in response to the devastating eff.....»»
Kabankalan declares state of calamity due to drought
Kabankalan declares state of calamity due to drought.....»»
Basilan under state of calamity due to drought
The entire island province of Basilan has been placed under a state of calamity due to drought amid the El Niño phenomenon......»»
La Union farmers shift to drought-resistant crops
Farmers in La Union have shifted to drought-resistant crops to cushion the effects of the El Niño phenomenon in the agriculture sector......»»