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Philippines GDP growth slows to 5.6 pct in 2023
© Provided by Xinhua MANILA, Feb. 1 (Xinhua) -- The Philippine economy grew by 5.6 percent in 2023 after expanding by 5.6 percent in the fourth quarter, below the 6 to 7 percent target range for 2023 set by the government, the Philippine Statistics Authority.....»»
Philippines GDP growth slows to 5.6 pct in 2023
© Provided by Xinhua MANILA, Feb. 1 (Xinhua) -- The Philippine economy grew by 5.6 percent in 2023 after expanding by 5.6 percent in the fourth quarter, below the 6 to 7 percent target range for 2023 set by the government, the Philippine Statistics Authority.....»»
Stocks rebound on encouraging GDP numbers
Local stocks rebounded from a two-day slump after Philippine economic growth was reported at 5.6 percent yesterday......»»
Construction worker killed after being run over by backhoe
A construction worker died on the spot after he fell from a backhoe and rolled over by one of its large wheels in Barangay Macaguiling in Sultan Kudarat, Maguindanao del Norte on Friday afternoon......»»
Tabogon accident: Truck helper killed after wing van falls into ravine
LAPU-LAPU CITY, Cebu — The helper of a 10-wheeler wing van was killed after the vehicle fell down a roadside ravine in Purok Kabulakan, Barangay Libjo in Tabogon, Cebu late night on Monday, April 15. According to Tabogon police, Velmar Abiar Deloyola, 42, was pinned inside the wing van. Deloyola, a resident of Brgy. Canduman.....»»
Suicide: Probe ongoing on patient killed after falling from hospital building
CEBU CITY, Philippines – Authorities are investigating the death of a patient who died from an apparent suicide after jumping from one of the buildings of a government hospital on Thursday, April 11. Police in Cebu City and officials at the Vicente Sotto Memorial Medical Center (VSMMC) confirmed that a patient fell off from one.....»»
Cop dies after falling from vehicle, struck by pickup
A policeman died after he was run over by a pickup when he fell from a patrol car in this province early yesterday......»»
Crewmember dies after falling from ship
A crewmember died after he fell from a passenger vessel off the coast of Loon, Bohol on Friday......»»
216 flood victims fall ill after eating dinner in Red Cross outreach program
SAN FRANCISCO, Agusan del Sur (MindaNews / 20 February) – At least 216 residents in remote Barangay Tandang Sora, Esperanza town of this province, who were affected by floods, fell ill after eating dinner provided by the Philippine Red Cross (PRC) Monday evening. In a press conference Tuesday morning, Dr. Maria Theresa Labiao, Esperanza municipal […].....»»
Korean national dies after falling from Mactan building
LAPU-LAPU CITY, Cebu- A Korean national died after he reportedly fell from the second floor of a building in Mactan Newtown, in Barangay Mactan, Lapu-Lapu City. The incident was reported to the police at 1:10 a.m. on Saturday, January 27, 2024. Police Lieutenant Colonel Christian Torres, spokesperson of the Lapu-Lapu City Police Office (LCPO), said.....»»
Remolona sees 5.9 percent GDP this year
The Philippine economy is likely to grow at a faster pace this year, but it would still be below the government’s goal of six to seven percent as rate hikes continue to constrict demand, Bangko Sentral ng Pilipinas Governor Eli Remolona Jr. said......»»
Grab contributes up to 0.3 percent to GDP – study
Ride-hailing giant Grab Philippines contributes as much as 0.3 percent to the economy, as a peso spent on the platform generates an additional P3.42 in output, according to a recent report......»»
Wage hike to cut GDP growth, raise unemployment – NEDA
The proposed legislation for a P100 wage increase for private workers could shave up to 0.5 percentage point off the country’s economic growth and reverse gains ......»»
Higher consumption seen to drive GDP growth faster
The Philippine economy is expected to grow at a faster pace this year with the record-high employment and lower inflation likely to support consumption spending, according to First Metro Investment Corp. (FMIC) and University of Asia and the Pacific (UA&P) Capital Markets Research......»»
Q4 GDP growth comes in at 5.6%
The Philippine Statistics Authority revealed yesterday that the Philippine economy grew 5.6% y/y in Q4, which is down from the 6.0% it grew in Q3......»»
Strong GDP expansion gives BSP room to further hike rates
he impressive economic growth posted by the Philippines in 2023 will give the Bangko Sentral ng Pilipinas more space to further raise interest rates in case of shocks, according to economists......»»
Q3 GDP growth revised upward to 6 percent
The Philippine economy posted a slightly faster growth rate in the third quarter of 2023 than initially reported, according to the Philippine Statistics Authority......»»
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......»»
Near-target 2023 GDP growth acceptable amidst economic challenges – Neda chief
INQUIRER/ MARIANNE BERMUDEZ MANILA, Philippines — The country’s chief socioeconomic planner, Secretary Arsenio Balisacan of the National Economic and Development Authority (Neda), said that a 2023 economic growth slightly lower than the previous year’s 7.6 percent but near the government’s 6 to 7 percent target range would be considered acceptable, given the challenges faced by the.....»»
BSP chief: GDP grew at faster pace in Q4
Philippine economic growth picked up further in the final quarter of last year despite the aggressive rate hikes delivered by the central bank, Bangko Sentral ng Pilipinas Governor Eli Remolona Jr. said......»»