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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 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......»»
PMI, ARQ, ZIP Sanman boxers feted in first Elorde-Pacquiao Boxing Awards
CEBU CITY, Philippines — Central Visayas was well-represented during the inaugural Elorde-Pacquiao Boxing Awards at Okada Manila last Sunday, March 24th. This was after 13 of Central Visayas’ best boxers from Cebu and Bohol were feted for their achievements in 2023. They were headed by none other than former World Boxing Organization (WBO) world minimumweight.....»»
PDEA-7: No marijuana-flavored vapes in Central Visayas
CEBU CITY, Philippines – No marijuana-flavored vapes have been monitored so far in Central Visayas, the Philippine Drug Enforcement Agency in the region, said. This was according to Intelligence Agent IlI Jonar V. Cuayzon, chief of the Intelligence and Investigation Section of PDEA Regional Office 7. Cuayzon, however, said that they are not discounting the.....»»
Budget officers in CV undergo financial management training
CEBU CITY, Philippines — Over 600 budget officers in Central Visayas underwent Public Financial Management (PFM) Training in Cebu last month. The initiative, led by the Department of Budget and Management (DBM) in collaboration with the Association of Local Budget Officers-Central Visayas Inc., took place at a hotel in Mandaue City. This training was a.....»»
US inflation, BSP action on investors radar this week
The stock market will attempt to sustain its momentum this week as investors look to get inspiration from upcoming US economic data and the policy rate-setting meeting of the Bangko Sentral ng Pilipinas......»»
Tourist arrivals seen to breach pre-COVID-19 levels
The country’s tourism sector is expected to sustain its recovery this year, with international arrivals hitting 8.21 million, effectively closing in to pre-COVID levels, according to a unit of Fitch Solutions......»»
DoubleDragon bolstering asset portfolio
DoubleDragon Corp., the property developer chaired by Edgar “Injap” Sia II and Tony Tan Caktiong, is bolstering its asset portfolio this year as the company looks to sustain its momentum after profit grew by nearly a quarter last year......»»
Alfamart accelerates growth with more aggressive expansion
Alfamart, the minimart chain of the SM Group, is embarking on a more aggressive growth as it ramps up store expansion starting this year......»»
Philippines to lead growth in ASEAN+3
The Philippines is expected to post the fastest economic growth in the Association of Southeast Asian Nations Plus 3 this year and the next, according to the ASEAN+3 Macroeconomic Research Office......»»
FLI bares growth plans for 2024
Gotianun–led property developer Filinvest Land Inc. gears up for growth with a slew of projects set for launch and completion this year......»»
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......»»
JAZA upbeat on Philippines growth prospects
Ayala Corp. chairman Jaime Augusto Zobel de Ayala is upbeat on the Philippine economy’s growth this year......»»
Unilever bullish on Philippine growth prospects
Unilever Philippines is optimistic of sustaining robust growth this year as it aims to grow its business faster than the country’s gross domestic product......»»
Nomura hikes Philippines growth target for 2024
Nomura Global Markets Research has upgraded its economic growth forecast for the Philippines to six percent from 5.8 percent for this year after a better-than-expected expansion in 2023......»»
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......»»
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......»»
East Asia and Pacific to see moderate growth
The East Asia and the Pacific region is expected to have moderate growth this year amid headwinds from tight financial conditions and geopolitical rifts, according to a new report from the World Economic Forum......»»
Philippines manufacturing output sustains growth in February
MANILA, April 12 (Xinhua) -- The performance of manufacturing production in the Philippines sustained its growth in February, the Philippine Statistics Authority (PSA) said Friday. Based on the preliminary results of a monthly survey, the PSA said the year-on-year value of production index (VaPI) and the volume of production index (VoPI) increased 7.5 percent and 8.9 percent in February, respectively. The.....»»