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Diving tourism contributes 1.3 bln USD to Philippine economy in 2023

MANILA, Feb. 23 (Xinhua) -- Diving tourism contributed more than 73 billion pesos (1.3 billion U.S. dollars) to the Philippine economy in 2023, nearly twice the revenue the industry earned in 2022, the country's Department of Tourism said Friday. Diving tourism raked 37 billion pesos (661 million dollars) in revenue in 2022, Tourism Secretary Christina Garcia Frasco said at the Philippine International Dive Expo.....»»

Category: newsSource:  manilanewsRelated NewsFeb 24th, 2024

308 mln USD stolen in investment, romance scams in 2023 in Japan

TOKYO, March 7 (Xinhua) -- The amount of money stolen in investment scams perpetrated via social media and in online romance scams in Japan totaled 45.52 billion yen (about 308 million U.S. dollars) in 2023, police data showed on Thursday. In 2023, damages from investment frauds using Facebook, Instagram and other social media means amounted to 27.79 billion yen in 2,271 cases reported to police, while damages f.....»»

Category: sportsSource:  abscbnRelated NewsMar 7th, 2024

Philippine exports surpass 100 bln USD in 2023

MANILA, April 1 (Xinhua) -- Philippine exports exceeded 100 billion U.S. dollars for the first time in 2023, with a total of 103.6 billion dollars, a 4.8 percent increase from 2022, the Philippines' Department of Trade and Industry (DTI) said Monday. Citing data from the Bangko Sentral ng Pilipinas (BSP), the country's central bank, DTI Secretary Alfredo Pascual said that the strong performance of the informatio.....»»

Category: sportsSource:  abscbnRelated NewsApr 1st, 2024

Cebu hits record high heat index of 39°C

Cebu hits record high heat index of 39°C.....»»

Category: newsSource:  sunstarRelated NewsApr 22nd, 2024

PBBM, Sara, Zubiri, Romualdez patok trust, approval rating -survey

Kapwa mataas ang trust" 79% at "approval" 76% ratings nina President Bongbong Marcos Jr. na may 79% at "approval" 76% ratings. The post PBBM, Sara, Zubiri, Romualdez patok trust, approval rating -survey first appeared on Abante......»»

Category: newsSource:  abanteRelated NewsApr 4th, 2024

China Bank Savings profit hits record high in 2023

The thrift banking arm of Sy-led China Banking Corp. booked a record high net income of P1.85 billion in 2023 amid the continued expansion in customer base and loans......»»

Category: newsSource:  philstarRelated NewsApr 15th, 2024

Ayala Corp profit hits record high in 2023

Core profit of conglomerate Ayala Corp. rose by nearly half to reach record high levels in 2023 due to the strong performances of its banking, real estate and power businesses......»»

Category: financeSource:  philstarRelated NewsMar 13th, 2024

AUB profit hits record high in 2023

Rebisco-led Asia United Bank and its subsidiaries boosted earnings by 32 percent to a record high of P8.3 billion in 2023, from P6.3 billion in 2022......»»

Category: financeSource:  philstarRelated NewsFeb 5th, 2024

Vietnam s GDP to reach nearly 470 bln USD in 2024: IMF

HANOI, March 14 (Xinhua) -- Vietnam's gross domestic product (GDP) is forecast to reach about 469.7 billion U.S. dollars by the end of 2024, ranking the fifth in Southeast Asia, Vietnam News reported Thursday, citing the International Monetary Fund (IMF). Indonesia, Thailand, Singapore and the Philippines have taken the leading positions in the forecast. According to IMF, Vietnam's GDP was estimated to ha.....»»

Category: newsSource:  inquirerRelated NewsMar 14th, 2024

RLC s net income hits all-time high to P12.06B in 2023

RLC s net income hits all-time high to P12.06B in 2023.....»»

Category: newsSource:  sunstarRelated NewsMar 11th, 2024

Bitcoin hits new all-time high

The leading cryptocurrency surged above the $72,000 mark on Monday Bitcoin, the world's highest-valued cryptocurrency, hit a new record on Monday as it surged above $72,000. The token soared to a fresh all-time high of $72,030, breaking the record set in November 2021 and bringing gains for the year so far to n.....»»

Category: newsSource:  philippinetimesRelated NewsMar 11th, 2024

BPI profit hits record high P51.7 billion in 2023

“The bank’s solid financial performance is a reflection of its strengthened customer franchise and deeper customer engagement which led to record volumes and market share gains in several businesses,”.....»»

Category: financeSource:  philstarRelated NewsFeb 3rd, 2024

GT Capital posts record high core earnings in 2023

GT Capital Holdings Inc., the listed conglomerate of the Ty Group finished 2023 with all-time high core earnings, buoyed by record-setting financial results from core businesses......»»

Category: financeSource:  philstarRelated NewsMar 22nd, 2024

Data centers: Philippine’s new investment magnet

When we opened the new year, the country celebrated significant gains in foreign direct investment in 2023 and recognized the imperative to fortify its appeal to global investors. In a statement by Philippine Economic Zone Authority director general Tereso Panga, it was highlighted that the country was able to surpass our conservative 10 percent growth target this year, with investment approvals.....»»

Category: financeSource:  philstarRelated NewsJan 25th, 2024

Senate targets passage of 20 Marcos’ priority bills in May

“Four of the 20 measures are nearing enactment into law already. The rest are for bicameral committee approval, for second and final reading approval, or awaiting committee approval,” Zubiri said in a statement issued ahead of the resumption of sessions on Monday. .....»»

Category: newsSource:  philstarRelated News5 hr. 23 min. ago

More Infra Needed as BPO Workers Rises to 1.7 Million Workers by End of 2023

The business process outsourcing in the Philippines employed a total of 1.7 million workers and generated revenues worth at least 35 billion USD at the end of 2023, according to a report. But for the local industry not to get left behind by other countries, stakeholders want continued investment in infrastructure, real estate, reliable internet, […].....»»

Category: newsSource:  metrocebuRelated NewsFeb 21st, 2024

ADB approves USD 100 mln loan to support small and medium-sized enterprises in Sri Lanka

Manila [Philippines], March 19 (ANI): The Asian Development Bank (ADB) has approved a USD 100 million loan to provide small and medium-sized enterprises (SMEs) in Sri Lanka more access to finance and build their resilience to external shocks, such as the economic crisis and climate change. SMEs play a critical role in Sri Lanka's economy, contributing 52 per cent to the country's gross domestic product and employ 45 per c.....»»

Category: newsSource:  manilanewsRelated NewsMar 21st, 2024

SM Prime marks 30th anniversary with record-breaking income, P100 billion investment for 2024

SM Prime marks 30th anniversary with record-breaking income, P100 billion investment for 2024.....»»

Category: newsSource:  sunstarRelated News21 hr. 53 min. ago

SM Prime marks 30th anniversary with record-breaking income, PHP 100 billion investment for 2024

SM Prime marks 30th anniversary with record-breaking income, PHP 100 billion investment for 2024.....»»

Category: newsSource:  sunstarRelated NewsApr 25th, 2024

Philippines debt hits record P14.6 trillion

The Marcos administration has so far incurred P1.82 trillion in debt since it assumed office, largely due to a high interest rate environment, pushing the country’s outstanding obligation to an all-time high of P14.62 trillion in 2023, according to the Bureau of the Treasury......»»

Category: financeSource:  philstarRelated NewsJan 31st, 2024