Tag: bworldonline
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Semiconductors, renewables to drive PHL growth — Go
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THE PHILIPPINE government is banking on the semiconductor and renewable energy (RE) sectors to drive economic growth, according to the Palace’s chief investment adviser.
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BSP to maintain ‘restrictive’ policy
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THE Bangko Sentral ng Pilipinas (BSP) will keep monetary policy settings “restrictive” as upside risks to inflation remain.
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DBCC won’t revise target ‘for now,’ says Balisacan
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THE Development Budget Coordination Committee (DBCC) is not planning to revise next year’s growth target “for now,” National Economic and Development Authority (NEDA) Secretary Arsenio M. Balisacan said.
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Energy dep’t warns Luzon grid may experience red alerts until next week
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THE LUZON GRID could face red alerts until next week if the power plants that experienced forced outage or derated capacities fail to resume operations, the Department of Energy (DoE) said on Monday.
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Central bank to cut rates by up to 150 bps — survey
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THE Bangko Sentral ng Pilipinas (BSP) could reduce rates by up to 150 basis points (bps) this year, its survey of private sector analysts showed, as inflation is likely to fall within the 2-4% target range. In the Monetary Policy Report for May 2024, the results of the BSP’s survey…
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Meralco eyes bids for 500MW of RE capacity
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MANILA Electric Co. (Meralco) on Monday said it has started seeking bids for 500 megawatts (MW) of renewable energy (RE) capacity to comply with a state requirement. In a statement on Monday, the power distributor said the competitive selection process is pursuant to the Energy department’s policy on renewable portfolio…
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Web attacks on PHL companies more than triple
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ONLINE attacks targeting Philippine companies more than tripled last year from 2022, Kaspersky said on Monday, highlighting the urgency of boosting cyber defenses against web threats that can reverse the benefits of digitalization. In a statement, the global cybersecurity company said the number of web threats on local companies jumped…
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CDO Funtastyk celebrates special day for moms
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CDO Funtastyk showered mothers with love and pampering at the Funtastyk Mom’s Day event on May 19, 2024 in Quezon City. The event was a delightful escape for moms, offering relaxation, delicious food and a chance to connect with each other. Moms were treated to a pampering session that included…
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Gross borrowings drop 31% in April
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THE National Government’s (NG) gross borrowings fell in April as domestic and external debt declined, data from the Bureau of the Treasury (BTr) showed. BTr data showed that the NG’s total gross borrowings dropped 31.3% to P89.202 billion in April from P129.906 billion in the same month a year ago.…
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‘Most exciting chapter’ for PHL yet to come — WEF
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THE Philippines could become one of the drivers of global growth in the future, if the government continues to ease foreign ownership restrictions and ramp up partnerships with the private sector, according to a World Economic Forum (WEF) executive.