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World Bank Sees Further Economic Growth for PH
The World Bank sees positive growth in the country’s economy in the next few years. According to the World Bank, they expect the average growth will be at an average of 5.9% annually between 2024 and 2026. The World Bank said that the growth rate in 2024 will be at 5.8%, while 5.9% in 2025. […].....»»
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......»»
Web threats on Philippine firms triple; Smart warns vs fake cell towers
The Philippines sustained the third highest volume of online threats against businesses across six economies in Southeast Asia in 2023, prodding enterprises to improve their digital defenses......»»
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......»»
Marcos orders swift action on electric vehicle plan
The president also ordered government agencies to prioritize supporting EV adoption by commercial fleets to streamline battery charging and maintenance processes......»»
SEC strengthens push for sustainable finance
The Securities and Exchange Commission has reinforced its push for sustainable finance through the adoption of the country’s taxonomy guidelines......»»
DOE expects approval of zero-tariff on all EVs this year
The Department of Energy (DOE) is hopeful that the incentives on the importation of electric vehicles (EVs) will be extended to two-wheeled and three-wheeled units this year to help boost EV adoption in the country......»»
Tech spending to focus on AI by 2025 – study
The largest organizations in Asia and the Pacific is seen allocating more than half of their information technology budget for the adoption of artificial intelligence starting 2025, according to the latest analysis of the International Data Corp.......»»
Gogoro to infiltrate prepaid market for e-scooters
Mobility innovator Gogoro Philippines is set to introduce low-cost options for the acquisition of its electric scooters to increase adoption among Filipinos......»»
Facebook shuts down accounts involved in selling babies
Social media platform Facebook has shut down 12 accounts found involved in peddling babies in the guise of adoption, Social Welfare Secretary Rex Gatchalian said yesterday......»»
Takedown sought on Facebook pages selling babies
Social networking service Facebook should take down pages engaged in the online selling of children in the guise of adoption, Social Welfare Secretary Rex Gatchalian said yesterday......»»
Three Identical Strangers: What if you bumped into a lookalike on the street?
Streaming on Netflix is the documentary Three Identical Strangers, the story of triplets placed in three different homes by an adoption agency purportedly because no one else wanted to adopt triplets......»»
Israel offers to help Philippines boost farm productivity
Israel has offered to help the Department of Agriculture improve local farmers’ productivity through the adoption of modern technologies......»»
EV sales soar six-fold, thanks to tariff relief
The adoption of electric vehicles in the country is gaining more ground, as Filipinos increasingly cater to eco-friendly modes of transportation amid the country’s effort to push for the electrification of transport......»»
Jodi Sta. Maria adopts another pet, a black puppy named Lily
The family of actress Jodi Sta. Maria just got bigger following the adoption of a black puppy named Lily......»»
Common mistakes on adoption petitions
Whenever a couple wants to petition an adopted child from the Philippines, several requirements must be met before they may file that petition. If the petition is filed too early or before they comply with all the requirements, the petition will likely be denied......»»
Rizal Xentro Mall rolls; Pampanga bounces back
Rizal Xentro Mall sustained its strong start with a 71-69 dumping of Muntinlupa last Monday in the MPBL Sixth Season at the Ynares Center in Antipolo City......»»
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.....»»
ALLHC seeks dominance in cold storage space
AyalaLand Logistics Holdings Corp., the industrial parks and real estate logistics arm of Ayala Land Inc., has set its sights on becoming a formidable player in the cold storage space with a sustained double-digit growth eyed for the business over the medium-term......»»
Vehicle sales exceed 2023 target
Vehicle sales surpassed the industry’s target last year, registering a 21.9 percent growth amid sustained consumer demand and improved supply conditions......»»