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Boulevard Holdings Q2 net income down 86% y/y, down 336% q/q
Boulevard Holdings reported a Q2/23 net loss of P33 million, down 86% from its Q2/22 net loss of P18 million, and down 336% from its Q1/23 net income of P14 million......»»
LT Group income slightly up in 2023
Earnings of tycoon Lucio Tan’s LT Group Inc. saw a slight improvement last year as higher contributions from its banking, liquor and property units offset the slowdown in the tobacco business......»»
Domestic trade expected to improve this year
Domestic trade is seen improving this year on expectations of strong economic activity and continued slowdown in inflation, according to economists......»»
Weak exports still biggest hurdle to Philippines expansion
The Philippine export sector remains the biggest drag to economic expansion as it takes a hit from the slowdown in major trading partners, according to a unit of Fitch Solutions......»»
BSP to keep policy stance sufficiently tight
Despite the slowdown in the rise in consumer prices in the past four months, monetary authorities deem it necessary to keep monetary policy settings sufficiently tight until there is sustained decline in inflation......»»
Meralco expects energy sales to grow this year
Despite a projected slowdown in demand from the commercial segment, the Manila Electric Co. (Meralco) still expects its energy sales to improve by 4.5 percent this year......»»
AI era: A whole new world
In a piece published last year, we explored the rise of the AI era and its potential to reshape global stock markets and the world economy (refer to “Conversing with an AI Chatbot,” June 12, 2023)......»»
Slower US Inflation Spurs Fed Rate-Cut Optimism
Title: Inflation Slows in the US, Raising Expectations of Interest Rate Cut Subtitle: International Economic Developments to Impact Global Markets Date: [Current Date] Byline: [Your.....»»
Nomura hikes Philippines growth target for 2024
Nomura Global Markets Research has upgraded its economic growth forecast for the Philippines to six percent from 5.8 percent for this year after a better-than-expected expansion in 2023......»»
Foreign funds return strongly
After a prolonged absence, global investors are making a notable comeback in the Philippine markets......»»
BSP seen to start rate cuts in August
The Bangko Sentral ng Pilipinas could start slashing interest rates in August this year until the first quarter of 2025 after keeping key rates elevated for a longer period of time, Nomura Global Markets Research said......»»
Taiwan’s indispensability in preparing for future pandemics
The three years of the COVID-19 pandemic resulted in a terrible loss of life and exacerbated health inequalities. The global economy slumped and, worldwide, people’s lives were affected. This experience demonstrated that the present global health governance framework is not effective in responding to threats to global health......»»
On its 10th year, Virtual Playground rebrands to VP Global
Virtual Playground recently rebranded to VP Global Athlete and Artist Management as part of its 10th-anniversary celebration. Formed by veteran movie producer Dondon Monteverde and sports agent/businessman Charlie Dy, VP Global has been overseeing the careers of “champions and idols” in the fields of sports and showbiz......»»
Global Dominion Joins The Fight Against Scammers and Fake Accounts
Before 2023 ended, Global Dominion reported a case of unauthorized use of the company’s name in what appeared to be a mobile application. This concern was brought up by a concerned individual via Global Dominion’s customer service and complaints division (CSC). The company then submitted a report to the National Bureau of Investigation’s (NBI) Cyber.....»»
The Future of Work: AI’s Double-Edged Sword for Global Economies
Artificial Intelligence (AI) holds promise in revolutionizing global productivity and economic growth. However, the flip side includes potential job displacement and a widening wealth gap. Without proper policies, nations may struggle to adapt to this emerging technology. The International Monetary Fund (IMF) indicates that nearly 40% of global jobs could be influenced by AI. In […].....»»
Remittances plummet to 9-month low in February
Money sent home by overseas Filipino workers went down to its lowest level in nine months in February amid global economic headwinds, data from the Bangko Sentral ng Pilipinasshowed......»»
Prioritize workers’ health, safety amid extreme heat — labor groups
A global research showed how more than 70 percent of industrial greenhouse gases have been linked to only 100 companies since 1988. The post Prioritize workers’ health, safety amid extreme heat — labor groups appeared first on Bulatlat......»»
‘Ad industry’s self-regulation to remain despite Cha-cha’
A lawmaker yesterday allayed fears of some sectors that the proposed economic provisions in the Constitution will remove self-regulation and editorial independence in the advertising industry......»»
Philippines, US launch annual joint military drills
Manila, Philippines - Thousands of Filipino and American troops will kick off joint military exercises in the Philippines on Monday, as Beijing's growing assertiveness in the region raises fears of a conflict.The annual drills - dubbed Balikatan, or 'shoulder to shoulder' in Tagalog - will be concentrated in the northern and western parts of the archipelago nation, near the potential flashpoints of the South Chi.....»»
Why would the US defend the Philippines?
Relations between the United States and the Philippines have been in overdrive since President Ferdinand Marcos Jr. took power in June 2022, fuelled by China’s growing assertiveness in the Asia-Pacific region. A key concern has been the South China Sea, where repeated confrontations between Chinese and Philippine vessels near disputed reefs have raised fears of.....»»