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Moody’s Analytics sees below 5 percent GDP in Q4
Philippine economic growth likely slowed to below five percent in the final quarter of 2023 on the back of softer global economic growth, according to Moody’s Analytics......»»
Maya Bank lends P2.75 billion to fintech firm Tala
Philippine digital lender Maya Bank has signed a loan channeling partnership with global financial technology firm Tala, providing P2.75 billion of loan capital to the fintech company......»»
Wholesale price growth slowed in 2023
Growth in bulk prices of goods in the country eased last year as food and three other commodity groups posted slower price increases, according to the Philippine Statistics Authority......»»
NCR construction materials price growth eases in 2023
Retail price growth of construction materials in Metro Manila eased in 2023 from the previous year as all commodity groups posted slower increases, according to the Philippine Statistics Authority......»»
CitySavings Named One of the 2024 Philippines’ Growth Champions
City Savings Bank (CitySavings) continues to cement its position to become the leading mass market bank in the country with its inclusion as one of the 2024 Philippines’ Growth Champions. The Philippine Daily Inquirer released the report with international market research firm Statista. This year’s Philippines’ Growth Champions are companies with remarkable growth and resilience […].....»»
Xinhua world economic news summary at 0830 GMT, Jan. 18
DAVOS, Switzerland -- Although the global economy is facing sluggish growth and numerous challenges, business leaders attending the 54th annual meeting of the World Economic Forum (WEF) remain confident over the prospects of the Chinese economy. Over recent years, China has been an important engine for the global economy. China's gross domestic product (GDP) posted a growth of 5.2 percent year-on-year in 2023, h.....»»
Digital banks post significant deposit, loan growth in 2023
The digital banking sector has recorded a significant growth in total deposits and loans in 2023 compared to a year ago, as consumers looked for more accessible and user-friendly financial services......»»
The Future of Work: AI’s Double-Edged Sword for Global Economies
Artificial Intelligence (AI) holds promise in revolutionizing global productivity and economic growth. However, the flip side includes potential job displacement and a widening wealth gap. Without proper policies, nations may struggle to adapt to this emerging technology. The International Monetary Fund (IMF) indicates that nearly 40% of global jobs could be influenced by AI. In […].....»»
NEDA chief sees 2015 growth at 6% despite typhoons
By Leslie D. Venzon MANILA, Dec. 17 (PNA) — The government is optimistic about achieving its target economic growth of 6.9 percent in the fourth quarter despite the devastation wrought by typhoons,........»»
Recto sees ‘realistic’ 6-6.5 percent growth for Philippines
Finance Secretary Ralph Recto is looking at a “more realistic” economic growth of at least six to 6.5 percent for this year, with medium-term economic expansion likely to be tempered as well......»»
UBS sees 2-digit credit growth for Philippines banks
Banks operating in the Philippines are expected to post a double-digit credit growth this year on the back of robust economic expansion, according to banking giant UBS......»»
Filinvest sees sustained growth this year
Filinvest Development Corp. (FDC) plans to bolster its presence in the infrastructure space this year as the group gears up for sustained growth......»»
BPI sees stronger credit growth
Bank of the Philippine Islands expects a robust growth in credit this year amid the country’s economic expansion and the planned interest rate cuts by the Bangko Sentral ng Pilipinas......»»
Monde Nissin sees sales, earnings growth in 2023
Monde Nissin Corp., the listed snack foods giant, expects core net income to have grown by mid-teens for 2023 with sales expected to have hit a high single-digit year-on-year growth......»»
Security Bank sees 5.8 percent economic growth in Q4
Security Bank Corp. believes the Philippine economy grew by 5.8 percent in the fourth quarter last year, bringing the full-year gross domestic product growth to 5.6 percent in 2023......»»
SteelAsia secures P8.3 billion loan for Batangas steel mill
SteelAsia Manufacturing Corp. has obtained a loan amounting to P8.3 billion from the Government Service Insurance System (GSIS), the Development Bank of the Philippines (DBP) and Philippine Business Bank (PBB) to support the completion of its P18-billion steel section mill in Lemery, Batangas......»»
Banks see higher loan demand in Q2
Philippine banks are projecting a higher loan demand from both corporate and household borrowers in the second quarter amid a rosier economic outlook and more attractive financing terms from lenders......»»
ADB, Buskowitz Solar ink $12 million loan for rooftop panels
The Asian Development Bank has signed a $12 million (P675 million) loan agreement with Buskowitz Solar Inc. for the installation of solar panel systems in commercial and industrial buildings’ rooftops in the Philippines......»»
Suntrust secures $38 million loan for Parañaque casino project
Suntrust Resort Holdings Inc. has secured a $38-million loan to fund the development of its casino project in Parañaque City......»»
Another green loan on the table for PLDT
Telco giant PLDT Inc. is planning to acquire another sustainable loan within the year, this time to help finance some of its initiatives in bridging the digital divide......»»