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Philippines to achieve upper middle-income status by 2031
The Philippines is projected to be an upper middle-income economy by 2031, past the government’s target of reaching the status by 2025, amid a broader growth slowdown in the Association of Southeast Asian Nations (ASEAN) economy, ANZ Research said......»»
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.....»»
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......»»
Consumption seen to remain under pressure
Consumption, a key driver of the country’s economic growth, is expected to be challenged this year even with easing inflation, according to UK-based think tank Pantheon Macroeconomics......»»
City’s economic prospects in peril
Zamboanga City is proud to have the biggest and fastest-growing economy in the entire Zamboanga Peninsula......»»
DigiPlus recognized at Global Good Governance Awards 2024
DigiPlus Interactive Corporation (DigiPlus), the fastest-growing digital entertainment company in the country, received two awards at the recent 9th Global Good Governance (3G) Awards ceremony held in Taguig City......»»
Motor vehicle output up 7.7 percent in Q1
Motor vehicle output in the Philippines went up by 7.7 percent in the first quarter, making the country the second fastest growing market for vehicle production in Southeast Asia......»»
Dito ends Smart’s streak as Philippines fastest operator
Industry disruptor Dito Telecommunity Inc. outpaced its competitors in the speed contest in the first quarter, showing its aggressive stance despite its young network and financial struggles......»»
Factory output rises to 5-month high in February
Manufacturing output in February picked up at its fastest pace in five months, driven by the performance of electronic, food and chemical products, according to the Philippine Statistics Authority......»»
Davao City among richest cities outside Metro Manila
Davao City was hailed as the ninth richest city outside Metro Manila, while Davao Oriental was the fourth fastest-growing province and highly urbanized city (HUC), based on the Provincial Product Accounts (PPA) of the Philippine Statistics Authority (PSA)......»»
Pakistan Accused of Killing Eight Women and Children in Afghanistan Air Strikes
A local company based in the region has recently been recognized as one of the fastest-growing businesses in the area. The company has shown significant.....»»
Converge goes Boost Mode, Paints the Nation Purple
Homegrown internet provider Converge further boosts the speed of their internet services via “Boost Mode” to all of their existing subscribers without additional charges on February 22, 2024. Fresh from bagging four recognitions in the 2023 Ookla Speedtest Awards as the Top Rated Internet Experience, Best Internet Gaming Experience, Best Internet Video Experience, and Fastest.....»»
Notes on the beat: Behind the scenes in the NAIA bidding
It may have been the fastest privatization of a big-ticket government asset, but it certainly was far from being seamless......»»
Converge tops broadband speed in 2023
Broadband provider Converge ICT Solutions Inc. snapped the five-year streak of PLDT Inc. as the operator to beat in the Philippines as it claimed the top spot in 2023 for turning in the fastest internet speed......»»
ASEAN expands regional payment connectivity
The Association of Southeast Asian Nation has onboarded Brunei Darussalam Central Bank and Bank of the Lao PDR in ramping up cross-border payments in the region, bringing the number of total central banks participating in the regional payment connectivity initiative to eight......»»
Council formed for Philippine hosting of ASEAN 2026
President Marcos has formed a council to organize the country’s hosting of the Association of Southeast Asian Nations Summit meetings in 2026......»»
EAM Jaishankar discusses security, maritime cooperation with his Philippine counterpart in Manila
Manila [Philippines], March 26 (ANI): External Affairs Minister S Jaishankar, who is on an official visit to Manila, held a 'warm and productive' meeting with Philippines Secretary for Foreign Affairs, Enrique Manalo on Tuesday and discussed wide-ranging issues of security and maritime cooperation. During the meeting, both leaders exchanged views on global, regional, and multilateral issues, including Indo-Pacific, ASEAN,.....»»