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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

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......»»

Category: financeSource:  philstarRelated NewsMar 22nd, 2024

Philippines-Australia business deals seen to fuel economic growth

The business deals signed recently between the Philippines and Australia will help ensure economic growth and security in the Philippines, an international think tank said......»»

Category: newsSource:  philstarRelated NewsMar 7th, 2024

‘Philippine banks to ride wave of robust economic growth’

The projected robust economic growth this year could shape up into a better year for Philippine banks, S&P Global Ratings said......»»

Category: financeSource:  philstarRelated NewsJan 30th, 2024

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......»»

Category: financeSource:  philstarRelated NewsJan 29th, 2024

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......»»

Category: financeSource:  philstarRelated NewsJan 26th, 2024

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.....»»

Category: newsSource:  manilanewsRelated NewsJan 18th, 2024

Summit deals won’t affect China investments – Marcos

The expected influx of investments from the US and Japan that stemmed from the historic trilateral summit won’t affect China’s investments in the Philippines, President Marcos said yesterday......»»

Category: newsSource:  philstarRelated NewsApr 13th, 2024

Agri chief, MVP Group discuss investments in food security

Agriculture Secretary Francisco Tiu Laurel Jr. met with business tycoon Manuel V. Pangilinan, chairman of Metro Pacific Investments Corp., to discuss plans for significant investments in agriculture to support the government's food security goals......»»

Category: newsSource:  philstarRelated NewsFeb 17th, 2024

DA: Philippines needs P1.3 trillion to boost farm output

The country will need P1.3 trillion worth of investments in the next few years to boost rice production, reduce wastage of agricultural products and ensure the country’s food security, according to Agriculture Secretary Francisco Tiu Laurel Jr......»»

Category: newsSource:  philstarRelated NewsJan 18th, 2024

Philippines, IRRI ink MOU to boost rice output

MANILA, Feb. 19 (Xinhua) -- The Philippines' Department of Agriculture (DA) on Monday said it has signed a memorandum of understanding (MOU) with the International Rice Research Institute (IRRI) to help boost rice production in the Philippines. The DA said the five-year MOU seeks to boost the country's rice industry through sustainable practices that enhance yield, reduce production costs, minimize post-harvest.....»»

Category: newsSource:  manilanewsRelated NewsFeb 21st, 2024

Philippines, IRRI ink MOU to boost rice output

MANILA, Feb. 19 (Xinhua) -- The Philippines' Department of Agriculture (DA) on Monday said it has signed a memorandum of understanding (MOU) with the International Rice Research Institute (IRRI) to help boost rice production in the Philippines. The DA said the five-year MOU seeks to boost the country's rice industry through sustainable practices that enhance yield, reduce production costs, minimize post-harvest.....»»

Category: newsSource:  philippinetimesRelated NewsFeb 20th, 2024

Huge US, Japan investments coming

At least $100 billion in investments from the US and Japan may come to the Philippines in five to 10 years as a result of the historic trilateral summit here that aims to deepen the three countries’ economic and defense ties, an envoy said yesterday......»»

Category: financeSource:  philstarRelated NewsApr 11th, 2024

Resumption of FTA talks seen to spur higher EU investments

The Philippine Economic Zone Authority expects investments from European companies to increase with the resumption of the Philippines – European Union free trade agreement negotiations......»»

Category: financeSource:  philstarRelated NewsMar 25th, 2024

US-Phl relationship ‘at its best right now’

Philippine Ambassador to the United States Jose Romualdez is urging the Philippine business community to rally behind President Marcos’ push for economic reforms that will enable the country to attract more foreign investments and compete with our strong neighbors in the region -- Vietnam, Indonesia, Malaysia and Thailand, who are all likewise trying to attract such investments......»»

Category: financeSource:  philstarRelated NewsMar 1st, 2024

Ecozone investments up 19 percent in 2 months

Investments approved by the Philippine Economic Zone Authority grew at a robust pace in the first two months of the year, making it on track with its investment approval targets for the year......»»

Category: financeSource:  philstarRelated NewsFeb 20th, 2024

PEZA OKs P2.21 billion investments

The Philippine Economic Zone Authority has approved P2.21 billion worth of investments during its first board meeting last week......»»

Category: financeSource:  philstarRelated NewsFeb 3rd, 2024

PEZA, SMBC, RCBC partner to attract Japanese investments

The Philippine Economic Zone Authority has partnered with Sumitomo Mitsui Banking Corp. and Rizal Commercial Banking Corp. in a bid to attract more investments from Japan......»»

Category: financeSource:  philstarRelated NewsJan 24th, 2024

SMIC banks on areas outside NCR for growth

SM Investments Corp. (SMIC) of the Sy family is betting big on the countryside to support the group’s continued growth......»»

Category: newsSource:  philstarRelated NewsMar 15th, 2024

DOLE Unveils Program to Boost Businesses and Workers

The Department of Labor and Employment (DOLE) is rolling out the DOLE Adjustment Measures Program (DOLE-AMP) to boost enterprise and worker competitiveness. Labor Secretary Bienvenido E. Laguesma outlined the program’s guidelines in Department Order No. 241, Series of 2024, issued on February 1. DOLE-AMP aims to diminish the vulnerability of workers and enterprises to economic […].....»»

Category: newsSource:  metrocebuRelated NewsFeb 8th, 2024