WASHINGTON, United States -- IMF chief Kristalina Georgieva warned Thursday that the chance of global growth dropping below two percent -- last seen during the coronavirus outbreak and the global financial crisis of 2009 -- is increasing as major economies slow. (FILES) Exterior view of the...
A House leader said it's "no fluke" that the administration of President Ferdinand "Bongbong" Marcos Jr. was able to record its first economic growth from its first ever quarterly report. Albay 2nd district. Joey Salceda (left) and President Ferdinand "Bongbong" Marcos Jr. (MANILA BULLETIN) Albay...
The economy grew better than initially estimated in the second-quarter of the year, given the strong contributions of construction, real-estate, and manufacturing sectors. The Philippine Statistics Authority (PSA) on Wednesday, Nov. 9, slightly raised upward its April to June economic growth, or...
Mobile wallet GCash has registered 66 million users as of mid-2022 because the company "chose to collaborate rather than compete" president and CEO Martha Sazon told a recent Mobile 360 Asia Pacific FinTech Summit. Collaborations with banks and other fintech providers helped GCash grow during the...
(OCTA RESEARCH FELLOW DR. GUIDO DAVID / TWITTER) The OCTA Research Group has observed that the seven-day Covid-19 growth rate in Metro Manila has decreased to -1 percent as of Aug. 14, which could be the beginning of a downtrend in infections in the central region. In an update shared on Twitter on...
House Ways and Means Committee Chairman Albay 2nd district Rep. Joey Sarte Salceda is confident that, by year end, the government will have hit its economic growth targets. This, despite the fact that the Philippine economy slowed down to 7.4 percent in the second quarter of 2022. Albay 2nd...
The Philippine economy slowed in the second-quarter amid soaring consumer prices that weakened demand from both businesses and households, the government reported on Tuesday, Aug. 9. Based on the Philippine Statistics Authority (PSA) data, the country’s economy, as measured by the gross domestic...
Vice President-elect and Davao City Mayor Sara Duterte on Wednesday, June 8, commended China’s role in the Philippines’ recovery efforts especially during the Covid-19 pandemic that battered most sectors and industries. Vice President-elect Sara Duterte (Photo from Lakas-CMD Media) In a speech...
The country’s gross domestic product (GDP) grew by 8.3 percent in the first quarter of 2022, higher than the 7.8 percent growth achieved in the fourth quarter of the previous year, and a significant reversal of the 3.8 percent decline a year ago. According to Socioeconomic Planning Secretary Karl...
Gabriela Women’s Partylist, on Saturday, May 14, slammed a report on the apparent 8.3 percent growth of the Philippine gross domestic product (GDP) in the first quarter of 2022. (Gabriela Women's Partylist / Facebook) An increasing GDP indicates that a country’s economy is growing. However,...
The board of directors of Ayala-led ACEN Corporation has approved the company’s plan to secure additional P6 billion loan for the programmed projects that will underpin its targeted portfolio growth. The company has not given details yet on the loan procurement, including the banks that shall be...
WASHINGTON, United States -- That's one small pot of soil, one giant leap for man's knowledge of space agriculture: scientists have for the first time grown plants in lunar soil brought back by astronauts in the Apollo program. This University of Florida, Institute of Food and Agricultural Sciences...
