Remittances climb 13% in April
Remittances sent home by overseas Filipino workers rose for the third straight month in April, recording their fastest growth in more than four years as OFW deployment accelerated amid the easing of travel restrictions as host countries ramp up COVID-19 vaccination, the Bangko Sentral ng Pilipinas reported yesterday......»»
In April: Remittances climb at faster 3.8% pace
Remittances from overseas Filipino workers increased by 3.2 percent in the first four months of the year after climbing by a faster rate of 3.8 percent in April, according to the Bangko Sentral ng Pilipinas......»»
Remittances climb in April despite headwinds
Money sent home by overseas Filipinos to their families rose in April, despite recession concerns plaguing developed economies......»»
Pag-IBIG member savings climb to P28 billion in 4 months
Member savings of the Home Development Mutual Fund, commonly known as Pag-IBIG, reached a record P27.51 billion in the four months to April, allowing the agency to finance the higher demand for home loans......»»
Phl topbills Asia as global dynamo
The country will continue setting the pace for economic expansion in the region which is being considered the engine of global growth for the coming years. Based on the projections of First Metro Investment Corp. or FMIC, the investment arm of major lender Metrobank, the economy will show a robust performance in the first quarter. Figures showed that growth in employment by February reached 8.6 percent led by the services sector which increased by 11.6 percent. The latest FMIC report supported the International Monetary Fund projections that the Philippine economy will sustain its momentum and outpace other Asian countries this year. In its World Economic Outlook (April 2023), the IMF raised the country’s growth forecast from five to six percent, the highest in Asia, while, in contrast, lowering the global growth projection from 2.9 percent to 2.8 percent. Manufacturing PMI in March reflected expansion for the 14th consecutive month. National government spending on operating and capital costs also had growth of 12.2 percent for the year until April, not readily visible from the weak total public spending due to a beneficial sharp reduction in interest payments (-13.4 percent) and allotments to local government units (-14.8 percent). The inflation rate in March slowed to 7.6 percent from 8.6 percent a month earlier due to a -0.3 percent monthly decline in the consumer price index or CPI. On top of these, business sentiment jumped to 34 percent towards the first quarter from 23.9 percent in the previous quarter, and towards the next 12 months, optimism surged to 61.9 percent from 46.2 percent. “We expect a more robust economy in the first quarter compared with projections of most analysts of a GDP growth of 7.1 percent from a year ago albeit with a little downside risk,” the report noted. The income tax cut and the downward trend in inflation should provide support although the recent crude oil price surge (due to a huge OPEC production cut) would clip that partially. FMIC expects the infrastructure buildup through public-private partnerships to be a growth driver. “Government and private sector through PPP will have ramped up infrastructure spending after the usual hesitancy of agencies in the first month. In short, domestic demand will again lead the economy,” the FMIC report stated. It said external factors may drag overall growth as exports have tanked in the first three months while import volumes of petroleum products have risen due to lower prices. Inflation should ease further to an average of 6.6 percent in the second quarter compared to last year despite higher crude oil prices and weakening further to a low five percent by September. The peso-dollar rate will weaken due to the jump in petroleum product prices, the paper forecasted. Raft of infra “Apart from government and official development assistance-funded infrastructures like the Metro Manila Subway, North-South Commuter Line that is gaining traction, major PPP projects such as the North Luzon Expressway-South Luzon Expressway second connector elevated tollway, Metro Rail Transit-7, Cavite-Laguna Expressway or Calax, an extension of Light Rail Transit-1 to Cavite, among others have hurdled key obstacles. The manufacturing sector continues to show expansion both in terms of manufacturing purchasing managers’ index or PMI and volume of production index or VoPI in the first two months. Faster return of hotels and restaurants to normal after the pandemic will also help drive the sector, FMIC said. Besides, the income tax cut which started January 2023, higher employment and infrastructure spending should bolster consumer spending, the report indicated. The report added that inflation is on a downtrend and should slip to 6.2 percent by June from a year ago despite a renewed climb in prices of petroleum products. Final May rate adjustment Easing food prices will likely offset the fuel price gains. Since we do not see a decline in actual CPI in April and May, BSP will likely proceed with raising its policy rates by 25 basis points in its May meeting. However, we expect a pause thereafter, FMIC said. The post Phl topbills Asia as global dynamo appeared first on Daily Tribune......»»
Remittances sustain rise to hit 6-month high
Remittances from overseas Filipino workers continue to climb, hitting the highest level in six months in June amid further global economic reopening, although at a slower pace than the double-digit growth recorded in April and May, according to the Bangko Sentral ng Pilipinas......»»
Remittances climb 13% in April
Remittances sent home by overseas Filipino workers rose for the third straight month in April, recording their fastest growth in more than four years as OFW deployment accelerated amid the easing of travel restrictions as host countries ramp up COVID-19 vaccination, the Bangko Sentral ng Pilipinas reported yesterday......»»
COVID-19 cases in Philippines may reach 1M before end-April — OCTA Research
In a public briefing Monday, OCTA Research fellow Guido David said new cases may still climb to 11,000 to 12,000 a day “for the next week or so until we see a downward trend.”.....»»
DMW sets April 15 deadline for kin of deceased Saudi OFW wage claimants
DMW sets April 15 deadline for kin of deceased Saudi OFW wage claimants.....»»
Unlock business success at Franchise Asia Philippines Expo
The Franchise Asia Philippines Expo 2024 is set to hold a series of dynamic seminars designed to empower entrepreneurs, investors and business enthusiasts with the knowledge and tools needed to thrive in the ever-evolving world of franchising. Slated from April 12 to 14 at the SMX Convention Center Manila, these seminars offer invaluable insights into key aspects of franchising and business growth......»»
Aboitiz Equity Ventures Inc. to hold Annual Stockholders Meeting
Notice is hereby given that the Annual Meeting of Stockholders of ABOITIZ EQUITY VENTURES INC. (the "Company") will be held on April 22, 2024, Monday at 11:00 a.m. (the "2024 ASM”)......»»
Aboitiz Power Corporation to hold Annual Stockholders Meeting
Notice is hereby given that the Annual Meeting of the Stockholders of ABOITIZ POWER CORPORATION (the "Company") will be held on April 22, 2024, Monday at 9:30 a.m. (the "2024 ASM")......»»
‘Our Dream’: K-pop boy band BtoB to hold fan-con in April
The K-pop boy band BtoB, also known as Born to Beat, is poised to come back to Manila on April 7 at the SM Mall of Asia for a fan-con labeled as “2024 BTOB Fan-Con Our Dream.”.....»»
Malixi all geared up for Augusta Amateur debut
Rianne Malixi is channeling her excitement into thorough preparation ahead of her highly anticipated debut in the prestigious Augusta National Women’s Amateur unfolding April 3 in Augusta, Georgia......»»
Aboitiz Power Corporation: Notice of Annual Meeting of Stockholders
Notice is hereby given that the Annual Meeting of the Stockholders of ABOITIZ POWER CORPORATION (the "Company") will be held on April 22, 2024, Monday at 9:30 a.m. (the "2024 ASM")......»»
Aboitiz Equity Ventures Inc.: Notice of Annual Meeting of Stockholders
Notice is hereby given that the Annual Meeting of Stockholders of ABOITIZ EQUITY VENTURES INC. (the "Company") will be held on April 22, 2024, Monday at 11:00 a.m. (the "2024 ASM”)......»»
Davao City Council moves hearing on traffic-causing road construction works
DAVAO CITY (MindaNews – 26 March) – The Davao City Council rescheduled to Tuesday, April 2, the second hearing on the suspended road construction works in the locality after key officials from the Department of Public Works and Highways (DPWH) – Davao region failed to show up Friday. The DPWH-Davao key officials are reportedly in […].....»»
Marian ikinumpara si Gabby sa lafang: Walang itulak-kabigin sa kanya!
PINALIGUAN ng positibong mga salita ni GMA Primetime Queen Marian Rivera ang isa sa Ultimate Leading Man sa Pilipinas na si Gabby Concepcion. Sa wakas, natuloy na rin ang pinakaaabangang pagtatambal nina Marian at Gabby sa pinakabagong primetime series ng Kapuso Network na “My Guardian Alien.” Magsisimula na itong umere simula sa April 1 sa.....»»
Trump to face jurors in April before facing US voters in November
Republican strategists say voters have grown accustomed to Donald Trump's norm-shattering behavior, but a guilty verdict could hurt his ability to win over swing voters who decide elections.....»»
On April 2, Rappler interviews Patricia Evangelista on the craft of storytelling
Watch the interview and get to ask Patricia a question by registering as a Rappler user and downloading the Rappler Communities app.....»»
Avoiding the play-in
The NBA regular season ends on April 14, meaning only 20 days are left to determine which teams from the East and West will figure in the dreaded play-in tournament......»»