The National Economic and Development (NEDA) expects slower growth for next year due to substantial external and internal headwinds. Socioeconomic Planning Secretary Arsenio M. Balisacan said the economy would likely grow above seven percent this year, but it is expected to expand at a much slower...
(PIXABAY) Some areas in the eastern section of the country will experience overcast skies with light rains this weekend, said the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) in its weekly weather outlook issued on Friday, Feb. 10. Until Feb. 11, Saturday,...
(MB VISUAL CONTENT GROUP) Cloudy and rainy weather will continue in most parts of the country in the coming week, based on the weekly weather outlook released by the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) on Friday, Jan. 20. In the next 24 hours,...
The year 2023 has been acknowledged by the International Monetary Fund as a year of global economic recession that would hit one-third of the world’s economy. The economic difficulties have been brought about by Russia’s war in Ukraine, causing oil prices to rise to historic levels, disrupting...
House Committee on Ways and Means chairman Joey Sarte Salceda on Sunday, January 1 expressed his belief the Philippines will compete with Vietnam and India for the fastest growing major economy in Asia-Pacific this year, 2023. The Albay 2nd District Representative said he is optimistic about the...
German firms operating in the Philippines have projected sluggish business outlook as the impact of the worldwide energy crises and supply chain disruptions continue to affect their operations, according to a Fall 2022 report by the German – Philippine Chamber of Commerce and Industry (GPCCI –...
Tourism is recovering in Asia and the Pacific, according to the latest United Nations World Tourism Organization (UNWTO) Barometer. However, the region is still expected to lag behind for 2022 versus thevrest of the world, due to more restrictive travel policies. In the best-case scenario, tourist...
As the pace of recovery from the pandemic quickens, the International Air Transport Association (IATA) upgraded its 2022 financial outlook, reducing the airline industry's expected losses to $9.7 billion, from $11.6 billion in its October 2021 forecast, a net loss margin of -1.2 percent. This is a...
PLDT Inc. expects another breakout year for its Enterprise business as the economy opens up following the COVID-19 pandemic. 77489 “We anticipate Enterprise revenues would grow on the back of the gradual reopening of businesses and opportunities to serve the needs of global hyperscalers with our...
Despite external risks, the Philippines’ recovery is expected to gain traction this year as pandemic restrictions eased, allowing for more economic activities, the Asian Development Bank (ADB) said. In the Asian Development Outlook 2022 report released on Wednesday, April 6, the Manila-based...
73681 Cebu Pacific was in the red by P24.9 billion for full year 2021 as it weathered through the COVID-19 pandemic but remained optimistic it can recover to pre-covid domestic capacity levels by second quarter,2022. New COVID-19 variants emerging and re-imposition of lockdowns last year pulled...
NEDA sees P9.4-B in weekly gains from Alert Level 1 By Chino S. Leyco The economy is estimated to gain an additional P9.4 billion per week as the country continues to move towards the new normal, the National Economic and Development Authority (NEDA) reported. During President Duterte’s Talk to...
