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SM conglomerate optimistic on growth prospects for 2024
Conglomerate SM Investments Corp. of the Sy family is cautiously optimistic for 2024, but remains committed to stay on growth mode after solid contributions from its core businesses and higher earnings contribution from portfolio investments, which lifted earnings by a quarter to P77 billion in 2023......»»
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......»»
Budget shortfall unlikely to return to pre-COVID-19 level — DBCC
Nearly two years into the term of the Marcos administration, government economists acknowledged that reducing the country’s budget deficit would take longer than initially projected amid the need to still support key programs despite a limited fiscal space, with returning to pre-COVID levels unlikely to happen in the short-term......»»
Budget shortfall unlikely to return to pre-COVID-19 level — DBCC
Nearly two years into the term of the Marcos administration, government economists acknowledged that reducing the country’s budget deficit would take longer than initially projected amid the need to still support key programs despite a limited fiscal space, with returning to pre-COVID levels unlikely to happen in the short-term......»»
Budget shortfall unlikely to return to pre-COVID-19 level — DBCC
Nearly two years into the term of the Marcos administration, government economists acknowledged that reducing the country’s budget deficit would take longer than initially projected amid the need to still support key programs despite a limited fiscal space, with returning to pre-COVID levels unlikely to happen in the short-term......»»
China maintains defence budget growth despite economic travails
Hong Kong, March 12 (ANI): At the 14th National People's Congress, China announced its defence budget for 2024 and interestingly maintained the growth rate of its military expenditure at precisely the same percentage as last year, as Chairman Xi Jinping continues to prioritize the People's Liberation Army (PLA) at the expense of other sectors of government funding. Indeed, according to figures released on the opening day.....»»
Government sticks to 6.5-7.5 percent growth target for 2024
Despite global and domestic headwinds, the government is still aiming to attain a 6.5 to 7.5 percent economic growth for this year, according to National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan......»»
La Union local water suppliers urged to examine current supply woes
La Union Gov. Raphaelle Ortega-David called on local water suppliers in her province to assess the current water supply situation in La Union and address challenges amid the drought being experienced throughout the province......»»
Jaishankar calls on Singapore PM Lee Hsien Loong, values his perspective on current state of world
Singapore, March 25 (ANI): External Affairs Minister S Jaishankar called on Singapore Prime Minister Lee Hsien Loong on Monday and conveyed the greetings of Prime Minister Narendra Modi. Jaishankar valued Lee Hsien Loong's perspectives on the current state of the world. In a post on X, Jaishankar stated, "Honoured to call on Prime Minister @leehsienloongat The Istana. Conveyed the personal greetings of PM @narendramodi. V.....»»
Jaishankar calls on Singapore PM Lee Hsien Loong, values his perspective on current state of world
Singapore, March 25 (ANI): External Affairs Minister S Jaishankar called on Singapore Prime Minister Lee Hsien Loong on Monday and conveyed the greetings of Prime Minister Narendra Modi. Jaishankar valued Lee Hsien Loong's perspectives on the current state of the world. In a post on X, Jaishankar stated, "Honoured to call on Prime Minister @leehsienloongat The Istana. Conveyed the personal greetings of PM @narendramodi. V.....»»
CCAP: Current credit card rate cap sufficient
The Credit Card Association of the Philippines said it fully supports the assessment process of the Bangko Sentral ng Pilipinas in adjusting or keeping the cap on credit card charges, adding that the current ceiling is sufficient......»»
Bunye: The current state of Philippine banking
Bunye: The current state of Philippine banking.....»»
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.....»»
Google’s new AI forecasts extreme weather events
Google has announced the development of artificial intelligence technology specifically dedicated to weather forecasting and the anticipation of extreme weather events. Faster and more cost-effective than current solutions, it could be able to alert people to the risk of incoming storms, floods or heatwaves. Since last year, some of the biggest names in tech have.....»»
BSP prodded to build up forex reserves
The Bangko Sentral ng Pilipinas should continue rebuilding its gross international reserves amid the wide current account deficit and heavy reliance on debt funding, according to Bank of America Global Research......»»
Further improvement in Philippines external position seen
The Bangko Sentral ng Pilipinas (BSP) sees a further improvement in the country’s external payments position this year due to a likely higher balance of payments (BOP) surplus and a narrower current account (CA) deficit......»»
Peso underperformance likely to continue – MUFG
The Philippine peso may continue to underperform against the dollar this quarter amid the country’s wide current account deficit and expensive foreign exchange valuations, Tokyo-based MUFG Bank said......»»