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World Bank downgrades Philippine GDP projections for 2024 and 2025
The World Bank downgraded its GDP projections for the Philippines in 2024 and 2025 due to “various headwinds facing private investment”, like the effects of higher interest rates and “rising indebtedness.”.....»»
Race for global economic dominance sees striking turn of fortunes - ex-IMF official
The assumption that China will eventually overtake the US as the world's largest economy now seems less certain, Eswar Prasad has said The US has extended its lead over China in the race for the globe's largest economy, Bloomberg reported on Friday. The American economy defied forecasts in outperfo.....»»
BPI renews alliance with Mizuho Bank
The Bank of the Philippine Islands has renewed its alliance with Japan’s Mizuho Bank Ltd., expanding and strengthening the scope of business cooperation between the two banks......»»
Summer is officially here, says Pagasa
Friday, March 22, 2024, has been declared as the official start of the summer season by the Philippine Atmospheric, Geophysical, and Astronomical Services Administration (Pagasa). Dr. Nathaniel Servando, Pagasa chief, announced this during a press briefing, today. READ: Pagasa forecasts two days of 46°C heat index in La Union “Today, we officially declare the start of.....»»
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......»»
Fitch keeps credit rating of 5 Philippine banks
Fitch Ratings has affirmed the credit rating of five of the country’s biggest banks and kept its stable outlook, on the back of a likely robust economic growth over the next two years......»»
Japan boxer, former three-division world champion, trains in Cebu
CEBU CITY, Philippines — Former three-division world champion Kosei Tanaka returned to Cebu for some top-notch boxing training. The 28-year-old Japanese is the former World Boxing Organization (WBO) world minimum, world flyweight, and former world light flyweight champion. He will spend three weeks in Cebu at the ZIP Sanman Boxing gym in Banawa, Barangay Guadalupe. .....»»
Magsayo punches his way into super featherweight top 10 world rankings
CEBU CITY, Philippines — Former world champion, Mark “Magnifico” Magsayo is starting to make his presence felt in the super featherweight division after cracking into the world’s latest top 10 rankings. Magsayo, the former World Boxing Council (WBC) world featherweight champion, is currently ranked NO. 7 in both the WBC and World Boxing Association (WBA). .....»»
World Bank urges Philippines to address funding, infrastructure challenges
The Philippines need to address challenges in terms of funding, lack of digital infrastructure and technical competencies as local government units are looking to develop smart cities, the World Bank said......»»
UnionDigital Bank revenue grows to over P5 billion
UnionDigital Bank, the digital banking arm of Aboitiz-led Union Bank of the Philippines, saw its revenue grow to over P5 billion in 2023 mainly driven by higher deposits and loans......»»
Carcar rape: Bank employee claims 17-year-old girl flirted with him
CEBU CITY, Philippines – The two bank employees, who were accused of raping a 17-year-old girl in Carcar City, Cebu on Friday, had refuted the victim’s allegations against them. Bank account officer Chandie Canadalla alleged that the girl asked him to accompany her to the bathroom and went along with his flirting. From the bathroom,.....»»
JBIC’s environmental compliance arm to investigate bank’s LNG activity in Verde Island Passage
The Examiner for Environmental Guidelines of the Japan Bank for International Cooperation (JBIC) is set to commence an investigation for potential violations by the bank in relation to its support to the Atlantic Gulf & Pacific Company (AG&P), which built a liquefied natural gas import terminal in the biodiversity hotspot known as the Verde Island […].....»»
J-K Bank Q3 net profit up 35 pc to Rs 421 cr, 9-month net jumps 57 pc
Srinagar (Jammu and Kashmir) [India], January 20 (ANI): Jammu and Kashmir bank net profit rose 35 per cent year-on-year (YoY) to Rs 421.08 crore for the October-December Quarter (Q3FY 2024) when compared to Rs 311.59 crore registered for the same period last fiscal, an official release said. According to the release, the bank announced the results today after its Board of Directors reviewed and approved the numbers for Q3.....»»
J-K Bank Q3 net profit up 35 pc to Rs 421 cr, 9-month net jumps 57 pc
Srinagar (Jammu and Kashmir) [India], January 20 (ANI): Jammu and Kashmir bank net profit rose 35 per cent year-on-year (YoY) to Rs 421.08 crore for the October-December Quarter (Q3FY 2024) when compared to Rs 311.59 crore registered for the same period last fiscal, an official release said. According to the release, the bank announced the results today after its Board of Directors reviewed and approved the numbers for Q3.....»»
Bank lending picks up pace in January
Despite elevated interest rates, bank lending growth climbed to an eight-month high of 7.8 percent in January, amid the continued recovery of the economy......»»
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.....»»
PAGASA: Up to two cyclones likely in Philippines this May
The weather agency forecasts two possible cyclone tracks......»»
Google’s new AI forecasts extreme weather events
Google has announced the development of artificial intelligence technology specifically dedicated to weather forecasting and the anticipation of extreme weather events. Faster and more cost-effective than current solutions, it could be able to alert people to the risk of incoming storms, floods or heatwaves. Since last year, some of the biggest names in tech have.....»»
Love and relationship ‘forecasts’ for stars after breakup
What does the future hold for love and relationships, whether you’re a celebrity or just like us regular folks?.....»»
Nvidia exceeds expectations with strong results and forecasts as China sales decline significantly
Nvidia (NVDA) Exceeds Expectations with Strong Fourth-Quarter Earnings Graphics chip giant Nvidia (NVDA) has reported fourth-quarter earnings that surpassed analysts’ expectations, both on the top.....»»