Tag: bworldonline
-
BoI greenlights P202.97 billion investments in July
•
The Board of Investments (BoI) approved P202.97 billion worth of investment in July, up 24038% from the P840.9 million investments approved in the same month last year. In a statement on Friday, the BoI said that 30 projects were greenlighted last month which are expected to generate 8,931 direct jobs.…
-
Marcos appoints Trade Usec Cristina Roque as Acting Secretary
•
Department of Trade and Industry (DTI) Undersecretary for MSME (micro, small, and medium enterprises) Development Group Ma. Cristina A. Roque was appointed as the acting secretary of DTI, according to the Palace. In a statement, the Presidential Communications Office (PCO) said that President Ferdinand R. Marcos, Jr. appointed Ms. Roque…
-
DOLE, Jollibee Group join forces to provide jobs to 900 indigent youth
•
Jollibee Foods Corporation (JFC) has forged a partnership with the Department of Labor and Employment (DOLE) on the Special Program for Employment of Students (SPES) that will provide short-term job opportunities in the quick-service restaurant industry for 900 underprivileged students, out-of-school youth, and dependents of displaced workers in the Philippines. DOLE…
-
Inflation likely rose in July — poll
•
HEADLINE INFLATION likely accelerated in July but remained within the central bank’s 2-4% target range, analysts said.
-
Manufacturing growth slows slightly in July
•
MANUFACTURING GROWTH slowed slightly in July amid weaker expansion in production and orders, S&P Global said on Thursday. The S&P Global Philippines Manufacturing Purchasing Managers’ Index (PMI) stood at 51.2 in July, easing from 51.3 in June. “The latest index reading signaled only a modest improvement in the health of…
-
Hot money outflows hit $27M in June
•
MORE SHORT-TERM foreign investments flowed out of the Philippines in June, data from the Bangko Sentral ng Pilipinas (BSP) showed. Transactions on foreign investments registered with the central bank through authorized banks posted a net outflow of $27.26 million. This was a reversal of the $42.86-million net inflow in May,…
-
DoE pushes 22 green energy projects for NGCP system impact study
•
THE Department of Energy (DoE) said it endorsed 22 renewable power projects to the National Grid Corp. of the Philippines (NGCP) in June for a system impact study (SIS). “In June 2024, the DoE issued 22 SIS endorsements to the NGCP which are all new applications,” the department said in…
-
PHL economy likely grew more than 6% in Q2 — Finance chief
•
THE PHILIPPINE ECONOMY likely grew faster in the second quarter amid better state spending and increased household consumption, the Department of Finance (DoF) said. “If you’re talking about growth rate for the second quarter, I think we’re pretty optimistic. It will be higher than the first (quarter),” Finance Secretary Ralph…
-
MPIC’s dairy expansion may spur investor interest — analysts
•
METRO PACIFIC Agro Ventures (MPAV), the agriculture unit of Metro Pacific Investments Corp. (MPIC), is investing in a Bukidnon dairy farm to bolster its dairy operations — a move that analysts expect will stimulate further investment in local dairy production.
-
BSP sees July inflation at 4%-4.8%
•
HEADLINE INFLATION may have accelerated in July, possibly ending seven straight months of within-target inflation, the Bangko Sentral ng Pilipinas (BSP) said on Wednesday.