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HSBC bullish on Philippine economy
British banking giant HSBC is targeting to boost its financial services, onboard more affluent clients into its wealth management business and increase its lending capabilities in the country as it sees huge opportunities for the Philippines in the coming years......»»
SPMC sees hike in respiratory-related diseases due to temperature surge
AN OFFICIAL from the Southern Philippines Medical Center (SPMC) said they expect an increase in respiratory-related diseases caused by the increasing temperatures......»»
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......»»
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......»»
E-vehicle group sees tariff break as ‘game changer’
The Electric Vehicle Association of the Philippines is batting for the inclusion of e-motorcycles in the grant of tax incentives under Executive Order 12 that is already due for mandatory review......»»
PH Inflation Sees Huge Dip in January 2024 Now at 2.8%
The country’s headline inflation has taken a significant dip, currently standing at 2.8%, according to the latest report from the Philippines Statistics Authority (PSA) released on February 6, 2024. According to PSA, this marks the lowest rate recorded since October 2020, showing a considerable drop from December 2023’s 3.9 percent and a noteworthy decrease from […].....»»
Landbank sees 2-digit earnings this year
Land Bank of the Philippines is looking at a double-digit growth in net income this year following a record performance in 2023......»»
Fajardo now rated No. 5 in IBF Jr. flyweight world rankings
CEBU CITY, Philippines— Knockout artist Miel “Silent Assassin” Fajardo sees a world title on the horizon after securing the fifth spot in the latest International Boxing Federation (IBF) light flyweight division rankings. The 24-year-old Fajardo, hailing from San Francisco, Agusan Del Sur, shocked the local boxing scene with his ultra-fast first-round knockout victory against Cebuano.....»»
Araneta’s win crucial to Cebu’s boxing scene
CEBU CITY, Philippines— Omega Sports Promotions’ top honcho, Pio Paulo Castillo, sees Christian ‘The Bomb’ Araneta’s world title eliminator win as crucial to the future of Cebu’s boxing scene. During an interview during Aranet’s final sparring session at the Omega Boxing Gym in Mandaue City, Castillo said that Araneta’s victory could potentially pave the way.....»»
El Niño attacks: How-to fight off the summer heat
El Niño heightens as the heat index reaches a “danger” level in certain areas of the Philippines, spiking up to 47 °C from April 17 to 21. The risks it brings to everyone’s—elders, people with chronic illnesses, and young children—health and well-being is evident as schools opt for online classes and allow alternative uniforms for.....»»
When China’s Digital Silk Road meets Philippines’ digital transformation
As the Philippines pursues digital transformation under President Marcos Jr., concerns arise over potential national security risks from China's increasing investments. Are the two interests at odds?.....»»
Bird flu: What we know (and don’t) about its potential to cause a human pandemic
Virologist Seema Lakdawala recently expressed concerns about the potential spread of the H5N1 avian flu virus among dairy cows and the risks it poses to.....»»
BSP to be more cautious on lowering rates – S& P
The Bangko Sentral ng Pilipinas, along with other emerging market central banks, would be more cautious about cutting borrowing costs this year amid external risks, according to S&P Global Ratings......»»
BDO to remain cautious amid risks
BDO Unibank Inc., the country’s largest bank, will remain cautious this year despite strong profit growth in 2023 and in the first quarter of the year......»»
Israel vows to retaliate against Iran: Here are the risks of this action
JERUSALEM — Israel is vowing to retaliate against Iran, risking further expanding the shadow war between the two foes into a direct conflict after an Iranian attack over the weekend sent hundreds of drones and missiles toward Israel. Israeli officials have not said how or when they might strike. But as countries around the world.....»»
BSP keeps policy rates anew
By Joann Santiago MANILA, Dec. 17 (PNA) — Philippine monetary officials on Thursday maintained the Bangko Sentral ng Pilipinas’ (BSP) key rates after noting that inflation dynamics and risks to the outlook........»»
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......»»
Councilor demands Davao Light to remove hazardous utility poles
DAVAO City Councilor Diosdado Mahipus Jr. on Tuesday urged the Davao Light and Power Company (Davao Light) to remove old power poles that pose risks to motorists and pedestrians......»»
BSP leaves interest rates unchanged
The Bangko Sentral ng Pilipinas opted to keep interest rates unchanged at a near 17-year high for the fourth straight meeting yesterday, following the inflation uptick in March and as monetary authorities continue to be vigilant against upside risks......»»
BSP on guard vs inflation risks amid El Niño
The BSP chief said headline inflation likely further accelerated to 3.9 percent in March from 3.4 percent in February due to base effects, but lower than the 7.6 percent in March 2023......»»