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Xinhua world economic news summary at 0830 GMT, Feb. 7
MANILA -- The performance of manufacturing production in the Philippines sustained its growth in December 2023, the Philippine Statistics Authority (PSA) said Wednesday. 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 by 2.6 percent and 2 percent in December, respectively. (Philippines-Manufac.....»»
‘Tired’ Donny Pangilinan hasn’t taken a day off for 5 months
Although grateful for the blessings coming his way, Donny admitted being so tired from working as the actor who just turned 26 last February 10 said that he has not taken a proper rest day for the past five months......»»
Economy likely grew by 6.2 percent in Q1
The Philippine economy is expected to have posted a 6.2-percent growth in the first quarter supported by gains in the labor market and manufacturing, as well as government spending, according to First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P)......»»
Factory activity eases in March
The growth in Philippine manufacturing activity eased slightly to 50.9 percent in March from 51 percent in February as production levels declined amid material shortages......»»
Factory output growth slows sharply in 2023
The country’s manufacturing output expanded at a slower pace in 2023 as food, beverages and 12 other industry divisions registered declines, according to the Philippine Statistics Authority......»»
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......»»
DTCC wrests five gold medals in Manila dancesport tourney
CEBU CITY, Philippines — The Dancesport Team Cebu City (DTCC) wrapped up the Philippine Superstar Open Dancesport Championship with five gold medals last weekend at the PhilSports Arena in Manila. Besides the five gold medals, DTCC also earned six silver medals and two bronzes after their two-day campaign against other dancesport squads in the competition. .....»»
India, Philippines have seen very perceptible growth in recent times: Jaishankar
Manila [Philippines], March 26 (ANI): Hailing ties between India and the Philippines, External Affairs Minister S Jaishankar, who is on a visit to the Philippines on Tuesday, said that ties between Delhi and Manila have witnessed a very perceptible growth in recent times. Addressing a joint press briefing with Philippine Secretary of Foreign Affairs Enrique Manalo, Jaishankar said, "As you all know, India's ties with the.....»»
Moody’s Analytics sees below 5 percent GDP in Q4
Philippine economic growth likely slowed to below five percent in the final quarter of 2023 on the back of softer global economic growth, according to Moody’s Analytics......»»
3 high-powered firearms recovered in Catbalogan clash
An armed encounter between the troops of 87th Infantry Battalion, Philippine Army and approximately five CPP-NPA Terrorists (CNTs) transpired on July 21, 2023 in the vicinity of Barangay Bangon, Catbalogan City, Samar......»»
Stewart Cink, 50, part of five-way tie for Valspar lead
(Photo credit: Kyle Terada-USA TODAY Sports) Fifty-year-old Stewart Cink shot a 4-under 67 to join a five-way tie for the lead at the Valspar Championship before play was suspended Friday in Palm Harbor, Fla. As the field endured rainy conditions at Innisbrook Resort's Copperhead Course, 20 golfers did not complete their rounds before darkness fell. They will resume their second rounds Saturday at 9 a.m. The five co-lea.....»»
Stewart Cink, 50, part of five-way tie for Valspar lead
(Photo credit: Kyle Terada-USA TODAY Sports) Fifty-year-old Stewart Cink shot a 4-under 67 to join a five-way tie for the lead at the Valspar Championship before play was suspended Friday in Palm Harbor, Fla. As the field endured rainy conditions at Innisbrook Resort's Copperhead Course, 20 golfers did not complete their rounds before darkness fell. They will resume their second rounds Saturday at 9 a.m. The five co-lea.....»»
Philippines-Australia business deals seen to fuel economic growth
The business deals signed recently between the Philippines and Australia will help ensure economic growth and security in the Philippines, an international think tank said......»»
NAIA passenger volume exceeds 8 million in 2 months
Air travel in the Philippines is showing signs of returning to pre-pandemic levels in 2024, as the Ninoy Aquino International Airport improved its passenger footprint by 13 percent in the first two months of the year......»»
School vacations in summer months to be back — DepEd
MANILA, Philippines — Adjustments have been made by the Department of Education to return to the old school calendar, wherein vacations take place during the summer months. This followed after they received mounting complaints from teachers, learners and parents about the extreme heat that students had to endure in public school classrooms especially during their.....»»
PUV consolidation deadline moved by 3 months
MANILA, Philippines — Jeepney drivers and operators who have yet to form themselves into cooperatives for the PUV consolidation can heave a sigh of relief, for now. President Marcos gave them until April 30, or three more months, to apply for consolidation under the government’s public utility vehicle modernization program (PUVMP). Presidential Communications Office (PCO).....»»