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Philippines digital economy expands by 7.7 percent in 2023

The value of the Philippine digital sector went up by 7.7 percent to P2.05 trillion in 2023 from P1.9 trillion in 2022, according to the Philippine Statistics Authority......»»

Category: newsSource: philstar philstarApr 25th, 2024

4Ps beneficiaries learn digital financial literacy from experts

Some 58 Pantawid Pamilyang Pilipino Program (4Ps) beneficiaries learn the importance of digital literacy and savings during the pilot implementation of the 4Ps Digital Financial Literacy Program on Saturday (February 24) at the DSWD Central Office Auditorium, Quezon City. Resource speakers from Landbank of the Philippines (LBP), Bank of the Philippine Islands (BPI) Foundation, and […].....»»

Category: newsSource:  journalRelated NewsFeb 25th, 2024

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:  philippinetimesRelated NewsFeb 24th, 2024

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

Economy grew by 5.6% in 2023

The Philippine economy expanded at a slower pace in 2023 than the previous year, falling below the government’s growth target amid high inflation and interest rates that affected consumption......»»

Category: financeSource:  philstarRelated NewsJan 31st, 2024

DigiPlus earnings surge last year

Digital entertainment group DigiPlus Interactive Corp. reported a sharp 596-percent increase in profit to P4.1 billion in 2023 on the back of sustained growth of its digital retail segment following the introduction of new platforms......»»

Category: financeSource:  philstarRelated NewsMar 20th, 2024

Cebu Daily Newscast: CCLEX-Guadalupe ramp: P6B project set to boost Cebu’s economy

Listen to Cebu Daily Newscast to know the latest news in and outside Cebu. Here are the latest news as of Thursday, April 18. CCLEX-Guadalupe ramp: P6B project set to boost Cebu’s economy Cebuanos can anticipate a significant impact on Metro Cebu’s economy following a substantial investment increase by a unit of Metro Pacific Tollways.....»»

Category: newsSource:  inquirerRelated NewsApr 18th, 2024

Chinese economy to moderate in 2024: ADB

Manila [Philippines], April 12 (ANI): The Chinese economy is forecast to grow 4.8 per cent in 2024, amid a recovery of household consumption, ongoing property market adjustment, and weak external demand, according to the latest report published by the Asian Development Bank (ADB). The growth in the Asian economy is projected to moderate from a 5.2 per cent expansion last year. An uncertain external macroeconomic environme.....»»

Category: newsSource:  manilanewsRelated NewsApr 13th, 2024

Open ocean salmon farm a win for the economy

The final approval of New Zealand King Salmon's Blue Endeavour open ocean aquaculture project is a significant step for New Zealand's aquaculture, and a win for the economy, Oceans and Fisheries Minister Shane Jones says. "Blue Endeavour will be the first open ocean aquaculture salmon farm in New Zealand. It's going to provide more jobs for the Marlborough region and benefit our economy b.....»»

Category: sportsSource:  abscbnRelated NewsMar 1st, 2024

Race for global economic dominance sees striking turn of fortunes - ex-IMF official

The assumption that China will eventually overtake the US as the world's largest economy now seems less certain, Eswar Prasad has said The US has extended its lead over China in the race for the globe's largest economy, Bloomberg reported on Friday.    The American economy defied forecasts in outperfo.....»»

Category: newsSource:  philippinetimesRelated NewsJan 27th, 2024

Crimes in Japan rise 17 pct in 2023

TOKYO, Feb. 8 (Xinhua) -- The number of police-recognized criminal offenses in Japan in 2023 increased 17 percent from the previous year to 703,351, data showed Thursday. Among them, the number of serious crimes, including murder and sexual assault cases, climbed 29.8 percent to 12,372, and that of robberies rose 18.6 percent to 1,361, according to the National Police Agency (NPA). Meanwhile, sexual offen.....»»

Category: sportsSource:  abscbnRelated NewsFeb 9th, 2024

Crimes in Japan rise 17 pct in 2023

TOKYO, Feb. 8 (Xinhua) -- The number of police-recognized criminal offenses in Japan in 2023 increased 17 percent from the previous year to 703,351, data showed Thursday. Among them, the number of serious crimes, including murder and sexual assault cases, climbed 29.8 percent to 12,372, and that of robberies rose 18.6 percent to 1,361, according to the National Police Agency (NPA). Meanwhile, sexual offen.....»»

Category: newsSource:  manilanewsRelated NewsFeb 8th, 2024

Recto sees at least 5.8 percent GDP growth in Q1

The Philippine economy may have expanded by at least 5.8 percent to as much as 6.3 percent in the first quarter as inflation remained a concern for the government......»»

Category: financeSource:  philstarRelated NewsMay 1st, 2024

Philippine agricultural sector grows 1.2 pct in 2023

MANILA, Feb. 2 (Xinhua) -- The Philippine agriculture sector grew by 1.2 percent in 2023, driven by higher poultry and livestock production, increased fruit harvest and record rice output, the Philippines' Department of Agriculture (DA) said Friday. "Agriculture has contributed positively to the growth of the economy last year. But certainly, we could do more," Agriculture Secretary Francisco Tiu Laurel said......»»

Category: lifestyleSource:  abscbnRelated NewsFeb 3rd, 2024

Philippine agricultural sector grows 1.2 pct in 2023

MANILA, Feb. 2 (Xinhua) -- The Philippine agriculture sector grew by 1.2 percent in 2023, driven by higher poultry and livestock production, increased fruit harvest and record rice output, the Philippines' Department of Agriculture (DA) said Friday. "Agriculture has contributed positively to the growth of the economy last year. But certainly, we could do more," Agriculture Secretary Francisco Tiu Laurel said......»»

Category: newsSource:  philippinetimesRelated NewsFeb 3rd, 2024

Philippines likely grew below target in 2023 – economists

The economy likely posted growth below the government’s target of six to seven percent in 2023, according to economists......»»

Category: financeSource:  philstarRelated NewsJan 29th, 2024

Philippines likely missed 2023 growth target

While some economists believe the Philippine economy likely grew faster in the fourth quarter, the overall expansion in 2023 is still expected to fall short of the six to seven percent target penned by the government’s economic managers......»»

Category: financeSource:  philstarRelated NewsJan 29th, 2024

Digital banks post significant deposit, loan growth in 2023

The digital banking sector has recorded a significant growth in total deposits and loans in 2023 compared to a year ago, as consumers looked for more accessible and user-friendly financial services......»»

Category: financeSource:  philstarRelated NewsApr 6th, 2024

Philippines financial sector expands by 8 percent in February

The total resources of banks and non-bank financial institutions rose by 7.9 percent to P30.87 trillion as of end-February from P28.58 trillion in the same period a year ago, based on preliminary data from the Bangko Sentral ng Pilipinas......»»

Category: financeSource:  philstarRelated NewsApr 16th, 2024

PH Remains One of the Fastest Growing Economies in East Asia and Pacific, World Bank Says

The World Bank retains its positive outlook on the Philippine economy despite foreseen challenges. According to their April 2024 East Asia and Pacific Economic Update, the World Bank projects a 5.8 percent economic growth for the Philippines this year — the East Asia and Pacific region’s second fastest-growing economy. Moreover, the said update also adjusted […].....»»

Category: newsSource:  metrocebuRelated NewsApr 2nd, 2024

Group bats for lease-free broadband connectivity for digital economy growth

A digital advocacy network said that the Philippines should lift the lease payments for the setup of internet connection, emphasizing that it will have a positive impact on Filipino web users......»»

Category: newsSource:  philstarRelated NewsApr 28th, 2024