Tag: headwinds
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DBCC keeps growth targets until 2028 despite external headwinds
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ECONOMIC MANAGERS on Thursday retained their growth targets for this year until 2028 despite external headwinds. The Development Budget Coordination Committee (DBCC), which sets official macroeconomic assumptions and fiscal program, maintained its Philippine gross domestic product (GDP) growth target at 6-7% this year, and at 6.5-7.5% in 2025. “Despite external…
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JG Summit working to weather short-term headwinds — Gokongwei
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JG Summit Holdings, Inc. President and Chief Executive Officer (CEO) Lance Y. Gokongwei on Monday expressed cautious optimism amid challenges posed by high fuel prices, interest rates, and foreign exchange fluctuations. “While we remain cautious given short-term headwinds from elevated fuel prices, interest, and foreign exchange rates, we continue to…