Tag: bworldonline
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PHL on track to reach upper middle-income status, says NEDA chief
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THE PHILIPPINES is still on track to become an upper middle-income economy next year as long as the growth momentum continues, National Economic and Development Authority (NEDA) Secretary Arsenio M. Balisacan said. “If growth this year is not dampened, [we] should be on track,” he told reporters on the sidelines…
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Budget surplus narrows in April as spending rises
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THE NATIONAL Government’s (NG) budget surplus narrowed in April as expenditures surged by 32%, outpacing the 22% rise in revenues, the Bureau of the Treasury said.
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Acquisitions, synergy, and technology headline Aboitiz Group’s Great Transformation
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The Aboitiz Group reinforced its transformation goals for 2024 and beyond as it put its partnerships, acquisitions, and interbusiness opportunities front and center during its 8th annual Leaders Conference (LeadCon) held this month. Over 500 Aboitiz leaders gathered for the conference at Solaire Grand Ballroom, where the Group not only…
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Peso’s nonstop fall may stoke prices
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A PROLONGED depreciation of the Philippine peso could stoke inflation, though it could also benefit the economy by boosting export earnings, analysts said.
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Education, manufacturing and tourism are key growth drivers, says JG Summit CEO
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THE PHILIPPINE government and private sector should harness the potentials of education, manufacturing and tourism, which are critical to economic growth, JG Summit Holdings, Inc.’s top executive said on Wednesday.
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NEDA backs push for rice imports by NFA
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THE NATIONAL Economic and Development Authority (NEDA) on Wednesday backed a proposal allowing the National Food Authority (NFA) to boost rice stocks through imports during emergencies amid spiraling prices.
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Tiny chef, new tricks
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WHEN we went to Le Petit Chef two years ago and saw a tiny hologram fix our dinner (that’s our story and we’re sticking to it), we thought we had seen it all. Then last year, Le Petit Chef at the Grand Hyatt Manila had a new schtick — recreating…
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Cebu Pacific may finalize aircraft order by June
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BUDGET CARRIER Cebu Pacific, operated by Cebu Air, Inc. is expected to announce its supplier for the airline’s $12-billion aircraft order by June, the company’s top official said on Wednesday. “[We have] not yet selected. We will make the announcement, I think, in the next couple of months. Maybe by…
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Peso hits 58:$1 as Fed stays hawkish
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THE BANGKO SENTRAL ng Pilipinas (BSP) warned it will intervene in the foreign exchange market as the Philippine peso on Tuesday closed at the 58-per-dollar level for the first time in over 18 months.
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Philippines’ BoP deficit widens
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THE COUNTRY’S balance of payments (BoP) deficit widened in April as the government paid back foreign debt and the trade balance remained in a deficit, the Bangko Sentral ng Pilipinas (BSP) said. Data from the central bank showed the BoP position widened to a $639-million deficit in April from the…