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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 […].....»»
Eye on inflation as market returns from long holiday
Investors will keep an eye on the results of the March inflation data this week, as the stock market heads into the second quarter with renewed optimism after managing to close the first quarter on a positive note......»»
Philippines to revitalize seaweed industry to regain top exporter
MANILA, Feb. 19 (Xinhua) -- The Philippines' Department of Agriculture (DA) on Monday vowed to revitalize the country's seaweed industry by beefing up the government support to local seaweed producers and boosting the potential of the second biggest export earner in Philippine aquaculture. Philippine Agriculture Secretary Francisco Tiu Laurel expressed optimism about the Philippine seaweed industry's potential t.....»»
Philippines to revitalize seaweed industry to regain top exporter
MANILA, Feb. 19 (Xinhua) -- The Philippines' Department of Agriculture (DA) on Monday vowed to revitalize the country's seaweed industry by beefing up the government support to local seaweed producers and boosting the potential of the second biggest export earner in Philippine aquaculture. Philippine Agriculture Secretary Francisco Tiu Laurel expressed optimism about the Philippine seaweed industry's potential t.....»»
British chamber remains optimistic on UK-Philippines trade growth
With the total trade in goods and services reaching an all-time high of £3.0 billion, BCCP Executive Director/Trustee Chris Nelson expressed optimism on the positive growth trajectory of the UK and the Philippines’ bilateral trade......»»
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.....»»
What’s gov’t’s next move on peace talks resumption?
At the start of December 2023, I wrote in this space that “an atmosphere of optimism pervaded the nation.” It was spurred by the joint announcement by the government and the National Democratic Front of the Philippines (NDFP) of an agreement to return to peace negotiations, possibly to begin in the first quarter of 2024......»»
Positive movement in S& P 500 futures following Meta and Amazon results preceding upcoming jobs report
Title: Tech Giants Fuel Market Optimism Amidst Fears of Rate Cuts in March Date: [Insert Date] Word Count: [300-400 words] The Daily Guardian – Amidst.....»»
BSP Governor Eyes Potential Rate Cut as Inflation Eases
In a recent interview, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. hinted at a potential rate cut later this year, signaling optimism amid the nation’s economic landscape. While cautious about the first semester, Remolona remains watchful, stating that the move could come “within the year.” The BSP, responding to escalating inflation, had hiked […].....»»
More Pinoys hopeful for better economy, quality of life
Although still less than a majority, optimism for a better economy and personal quality of life have both increased at the end of 2023, according to a survey conducted by the OCTA Research group......»»
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.....»»
Another bridge in Davao Oriental collapsed
A bridge in Caraga, Davao Oriental collapsed due to continuous heavy rains, following the impact of Tropical Depression Kabayan. This is the third main bridge damaged by extreme weather conditions since December 2023. The damaged bridges are still under construction. The collapse has caused isolation for some communities and led to landslides in Barangay Pichon, with at least 64 families sheltered in evacuation centers. The local government, alongside various agencies, is conducting an impact assessment to determine the damage to agriculture and infrastructure. Classes in public and private institutions are suspended until January 20. The community is rallying for strength and optimism amidst the challenges......»»
Increasing demand for electric vehicles
The Department of Energy (DOE) in Mindanao has observed a growing demand for electric vehicles (EVs). Engr. Adrian Mel B. Delola, a Science Research Specialist II at DOE Mindanao Field Office, discussed this trend during the Kapehan sa Dabaw on January 15, 2024. He highlighted the impact of the Electric Vehicle Industry Development Act (Evida Law), implemented on April 15, 2022, which has contributed to the increasing interest in EVs. Delola acknowledged that the current cost of EVs is a concern but expressed optimism that as demand rises, the number of charging stations will increase and the cost of units will subsequently decrease. He also addressed the presence of hybrid models in key cities in Mindanao and the challenge of limited car dealerships facilitating their distribution. Additionally, Delola touched on the use of e-trikes, classified as light EVs under RA 11697, and the regulations regarding their weight and use on national highways. The DOE is working with various agencies to address issues related to the registration and use of e-trikes. Sellers are also advising consumers on the proper use of e-trikes for private purposes and cautioning against their use on national highways......»»
Philippine economy growth may reach 6 pct to 7 pct in 2023: Marcos
MANILA, Jan. 11 (Xinhua) -- Philippine President Ferdinand Romualdez Marcos on Thursday night expressed optimism that his country can reach a gross domestic product (GDP) growth target of 6 percent to 7 percent for 2023. "The Philippines is touted to become one of the fastest-growing economies among major Asian countries in 2023," said Marcos during a traditional ceremony at the presidential palace in Manila......»»
Xinhua world news summary at 1500 GMT, Jan. 11
MANILA -- Philippine President Ferdinand Romualdez Marcos on Thursday night expressed optimism that his country can reach a gross domestic product (GDP) growth target of 6 percent to 7 percent for 2023. "The Philippines is touted to become one of the fastest-growing economies among major Asian countries in 2023," said Marcos during a traditional ceremony at the presidential palace in Manila. (Philippines-Growth-.....»»
US Reveals Second Wave of Strikes on Houthis, Braces for Reprisals
U.S. and British officials are expressing optimism a day after the two countries unleashed what is now being described as two waves of strikes against Houthi positions in Yemen, retaliation for weeks of Houthi attacks that have disrupted shipping and damaged vessels transiting the Red Sea and Gulf of Aden.A U.S. defense official told VOA Friday that the initial assessment indicates the first wave of precision st.....»»
US Reveals Second Wave of Strikes on Houthis, Braces for Reprisals
U.S. and British officials are expressing optimism a day after the two countries unleashed what is now being described as two waves of strikes against Houthi positions in Yemen, retaliation for weeks of Houthi attacks that have disrupted shipping and damaged vessels transiting the Red Sea and Gulf of Aden.A U.S. defense official told VOA Friday that the initial assessment indicates the first wave of precision st.....»»
Philippine economy growth may reach 6 pct to 7 pct in 2023: Marcos
MANILA, Jan. 11 (Xinhua) -- Philippine President Ferdinand Romualdez Marcos on Thursday night expressed optimism that his country can reach a gross domestic product (GDP) growth target of 6 percent to 7 percent for 2023. "The Philippines is touted to become one of the fastest-growing economies among major Asian countries in 2023," said Marcos during a traditional ceremony at the presidential palace in Manila......»»
Xinhua world news summary at 1500 GMT, Jan. 11
MANILA -- Philippine President Ferdinand Romualdez Marcos on Thursday night expressed optimism that his country can reach a gross domestic product (GDP) growth target of 6 percent to 7 percent for 2023. "The Philippines is touted to become one of the fastest-growing economies among major Asian countries in 2023," said Marcos during a traditional ceremony at the presidential palace in Manila. (Philippines-Growth-.....»»