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Inflation rises 3.4% in February, ending 4-month decline

The country's inflation rate gained momentum in February 2024 as the costs of food and non-alcoholic beverages surged, ending a four-month decline......»»

Category: financeSource:  philstarRelated NewsMar 5th, 2024

Alcover pushes for agricultural scholarships amid student decline

Alcover pushes for agricultural scholarships amid student decline.....»»

Category: newsSource:  sunstarRelated NewsFeb 23rd, 2024

DA moving to prevent decline in onion farmgate price

Efforts are now being done to prevent the further decline in the farmgate price of onions as farmers are forced to sell their produce at about P20 per kilo, Department of Agriculture spokesman Arnel De Mesa said......»»

Category: newsSource:  philstarRelated NewsFeb 22nd, 2024

Globe reports steep 73.7% decline in blocked bank-related spam, scam SMS in 2023

The telecommunications company Globe has reported a significant 73.7% decrease in the number of blocked spam and scam SMS related to banks in 2023. This reduction is a result of the interception of 21.9 million bank-related fraudulent messages, a sharp decline from the 83.39 million messages blocked the previous year. Globe attributes this achievement to its proactive strategies and strong partnerships with major banks and financial institutions in the Philippines. The company has established anti-fraud alliances with the Bankers Association of the Philippines and individual players in the finance sector, enabling the sharing of data and intelligence to prevent and investigate fraud effectively. Anton Bonifacio, Chief Information Security Officer at Globe, emphasized the company's commitment to combating financial fraud and enhancing security measures for customer protection. Globe has invested approximately US$20 million to improve its spam and scam SMS detection and blocking system and operates a 24/7 Security Operations Center to filter out unwanted messages from both international and domestic sources. Despite certain limitations, Globe remains dedicated to customer protection and emphasizes the need for a unified approach in the fight against fraud. The company is focused on leveraging technology and strengthening alliances with key stakeholders to combat fraudulent activities. As Globe continues to advance its technologies and collaborations, it aims to provide a safer and more secure digital environment for its customers. For more information about Globe and its initiatives, visit www.globe.com.ph. (SPONSORED CONTENT).....»»

Category: newsSource:  sunstarRelated NewsFeb 4th, 2024

Daily Guardian: Delta Airlines (NYSE:DAL) Shares Decline Following Revised FY24 Forecast

Delta Airlines (NYSE:DAL) experienced a decline in pre-market trading as it reported its Q4 and FY23 results, causing concerns among investors. The airline’s FY24 earnings.....»»

Category: newsSource:  thedailyguardianRelated NewsJan 13th, 2024

PSEi falls, mirrors US equities

Local stocks plunged to close the week in the red as they mirror negative sentiment in US equities......»»

Category: newsSource:  philstarRelated NewsMar 15th, 2024

PSEi to stay at 6,700 ahead of inflation data

The stock market will try to hold on to the 6,700 level this week as investors will be on the lookout for inflation data and corporate earnings results......»»

Category: financeSource:  philstarRelated NewsFeb 4th, 2024

PSEi tumbles as Fed quashes rate cut hopes

Local stocks retreated yesterday as investors took cues from Wall Street’s overnight performance......»»

Category: financeSource:  philstarRelated NewsFeb 2nd, 2024

PSEi back to 6,600 level on Wall Street gains

The Philippine stock market sustained its strength yesterday, returning to the 6,600 mark......»»

Category: financeSource:  philstarRelated NewsJan 24th, 2024

Economic worries weigh down PSEi

Share prices continued to correct, finishing in negative territory anew yesterday on concerns over economic growth prospects here and in China......»»

Category: newsSource:  philstarRelated NewsJan 18th, 2024

PSEi forecast to touch 7,000

The Philippine Stock Exchange index is set for recovery as it is expected to hit 7,000 to 7,500 by the fourth quarter of this year, according to First Metro Investment Corp......»»

Category: financeSource:  philstarRelated NewsJan 12th, 2024

As global economy slows, Philippines bats for intensified financing solutions

The Philippines has called on multilateral financial institutions to step up support and financing solutions to developing nations as the global economy hits a critical point of further slowdown......»»

Category: financeSource:  philstarRelated NewsApr 21st, 2024

Gov t cuts growth target to 6%-7% — NEDA

In a press briefing with the members of the press on Thursday, Balisacan said that the country's economic growth target had been revised following a careful consideration of factors such as the global economic slowdown, rising oil prices and inflation trends......»»

Category: financeSource:  philstarRelated NewsApr 4th, 2024

LT Group income slightly up in 2023

Earnings of tycoon Lucio Tan’s LT Group Inc. saw a slight improvement last year as higher contributions from its banking, liquor and property units offset the slowdown in the tobacco business......»»

Category: financeSource:  philstarRelated NewsMar 18th, 2024

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......»»

Category: financeSource:  philstarRelated NewsMar 2nd, 2024

Domestic trade expected to improve this year

Domestic trade is seen improving this year on expectations of strong economic activity and continued slowdown in inflation, according to economists......»»

Category: financeSource:  philstarRelated NewsFeb 9th, 2024

Weak exports still biggest hurdle to Philippines expansion

The Philippine export sector remains the biggest drag to economic expansion as it takes a hit from the slowdown in major trading partners, according to a unit of Fitch Solutions......»»

Category: financeSource:  philstarRelated NewsFeb 7th, 2024

Meralco expects energy sales to grow this year

Despite a projected slowdown in demand from the commercial segment, the Manila Electric Co. (Meralco) still expects its energy sales to improve by 4.5 percent this year......»»

Category: financeSource:  philstarRelated NewsJan 21st, 2024

EU looks sad - Russian tycoon

Unlike the US and China, the bloc doesn't have the money to pursue innovation, Oleg Deripaska has said   The European Union looks particularly "sad" amid the ongoing global economic slowdown due to a lack of technology and finances to institute structural changes and invest in innovation, Russian busines.....»»

Category: newsSource:  philippinetimesRelated NewsJan 20th, 2024

Philippines, US launch annual joint military drills

Manila, Philippines - Thousands of Filipino and American troops will kick off joint military exercises in the Philippines on Monday, as Beijing's growing assertiveness in the region raises fears of a conflict.The annual drills - dubbed Balikatan, or 'shoulder to shoulder' in Tagalog - will be concentrated in the northern and western parts of the archipelago nation, near the potential flashpoints of the South Chi.....»»

Category: newsSource:  manilanewsRelated NewsApr 22nd, 2024