The local stock market dropped after the government reported a much lower economic growth rate for the second quarter of 2023. As of 10:50 this morning, the PSEi was down 63.51 points or 0.97 percent at 6,466.94 with all sectors declining, led by Banks. There were 84 losers to 43 gainers with 43...
Although still at single-digit growth, local retailers expect full recovery this year as cooling inflation is driving consumption. Rosemarie B. Ong, president of the Philippine Retailers Association (PRA), told reporters at the Outstanding Filipino Retailers (OFR) Awards 2023 “Tibay Gabi ng...
Visiting Australian Foreign Minister Penny Wong announced that Australia would provide AU$89.9 million in Official Development Assistance (ODA) to the Philippines to support economic, education, and Mindanao peace programs. (From left) Foreign Affairs Secretary Enrique Manalo and Australian Foreign...
Kia Philippines achieved a record-breaking 34 percent increase in sales in 2022 as compared to 2021, outpacing the local automotive industry’s 26 percent growth and besting growth in other Kia units in the Asia Pacific region. Kia Philippines led by its President Manny Aligada announced the dual...
ILOILO CITY – iQor, a pioneering business process outsourcing (BPO) company in Iloilo, is expecting bigger growth after earning the Great Place to Work® Certification this year. AN iQor office in Iloilo. (Tara Yap) Tony Rizkallah, senior director for operations, echoed the commitment of...
Ranking House members led by Speaker Martin Romualdez are batting for the creation, operation, administration, and coordination of so-called Special Agricultural Growth Zones (SAGZ) in the Philippines. House Speaker Martin Romualdez (Speaker’s office) For this purpose, Speaker Romualdez; House...
NIGHT OWL Anna Mae Lamentillo This week, the Association of Southeast Asian Nations (ASEAN) Member States conducted the 3rd ASEAN Digital Ministers Meeting (ADGMIN), ASEAN Digital Senior Officials Meeting (ADGSOM) and Related Meetings with Dialogue Partners with the Philippines as host. The...
House Speaker Martin Romualdez sees warmer relations between the Philippines and the United States (US) under the Marcos administration that will bring economic gains to the two nations. Speaker Martin Romualdez (right) speaks during a luncheon caucus of the US-Philippines Society at the Manila...
President Ferdinand "Bongbong" Marcos Jr. said that despite the Philippines posting a 7.6-percent annual growth rate in 2022, there were still a lot of things to do to ensure the steady recovery of the country's economy from the Covid-19 pandemic and other external factors. President Ferdinand...
The Philippine Statistics Authority’s announcement that the country achieved a 7.6 percent growth in gross domestic product (GDP) in 2022 affirms that, despite high inflation rates, the economy is on track in regaining its pre-Covid pandemic footing. This improves on the 5.7 percent growth in...
President Ferdinand "Bongbong" Marcos Jr. said that the Philippines is moving in the right direction while it continues to recover from recent shocks. President 'Bongbong' Marcos Jr. (PCO Screenshot) Marcos said this after the Philippine Statistics Authority (PSA) reported Thursday that the...
Senate President Juan Miguel “Migz” Zubiri on Thursday, January 26 welcomed the news of the Philippines’ latest gross domestic product (GDP) growth calling it as a “remarkable success” and credited the efforts of President Ferdinand “Bongbong” Marcos Jr.’s administration for such...
