Tag: bworldonline
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PHL digital economy’s share to GDP dropped in 2023
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The digital economy’s annual contribution to the country’s economic output decreased as its growth slowed down in 2023, the Philippine Statistics Authority (PSA) reported on Thursday. Preliminary data from the statistics agency showed the digital economy’s share to the country’s gross domestic product (GDP) went down to 8.4% last year…
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CCIFP holds the 2024 edition of Tastin’ France Manila
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Wines celebrate much more than their culture and history; they also allow people to connect and bond with each other. With what wine can do for people, the recent Tastin’ France Manila takes that to new heights by inviting wine & spirits producers and local importers, retailers, and distributors to…
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Okada Manila hosts Barbie’s 65th anniversary celebration: A tribute to empowerment and dreams
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Okada Manila is thrilled to announce an exceptional event celebrating the 65th Anniversary of Barbie, the quintessential icon of inspiration and empowerment across generations. Dubbed “Barbie 65th Anniversary – Inspiring Stories, Shaping the Future,” this grand celebration will unfold at Cove Manila from April 27 to June 2, 2024, commemorating…
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NCR economic output grew by 4.9% in 2023
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METRO MANILA’S economic output expanded by 4.9% in 2023, the slowest pace in two years, due to base effects and weaker output of key sectors, the Philippine Statistics Authority (PSA) said on Thursday. Preliminary PSA data on the latest regional accounts showed that the National Capital Region’s (NCR) economic growth…
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HSBC expects BSP to begin easing in Q4
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THE BANGKO SENTRAL ng Pilipinas (BSP) is expected to delay its policy easing as upside risks to inflation have worsened, but rate hikes are unlikely, HSBC Global Research said. “The easing cycle may be delayed, but we don’t think there will be any rate hikes ahead with non-monetary policies at…
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Coal plant moratorium to stay — DoE
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By Ashley Erika O. Jose, Reporter The Department of Energy (DoE) is maintaining a moratorium on the development of greenfield coal-fired power plants even as most hydropower plants are currently running on derated capacities, resulting in insufficient power supply affecting the main grids. “The moratorium (stands, if the LNG or…
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Megaworld targets to open P1.2-B Mactan World Museum by 2027
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TAN-LED property developer Megaworld Corp. said it is building a P1.2-billion modern museum inside its 30-hectare The Mactan Newtown in Lapu-Lapu City, Cebu. The company aims to complete and open the Mactan World Museum by 2027, Megaworld said in a statement to the stock exchange on Thursday. The museum will…
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Middle East tensions may impact OFW remittances, inflation
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By Luisa Maria Jacinta C. Jocson, Reporter THE ONGOING Israel-Iran conflict may hurt remittances from Middle East-based overseas Filipino workers (OFWs), as well as increase volatility in oil prices that may stoke inflation, analysts said. “This might be exacerbated by the potential effect on Filipino OFWs. While in the past, alternative…
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Megawide bags contract to build Landers Aseana City
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SAAVEDRA-LED Megawide Construction Corp. has secured the contract to build a new Landers Store in Aseana Business Park, Parañaque City. Landers Aseana is an 18,710.91 square meter development, with construction expected to be finished by March 2025, Megawide said in an e-mailed statement on Thursday. The ceremonial concrete pouring for…
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Budget deficit narrows in March
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By Luisa Maria Jacinta C. Jocson, Reporter THE National Government’s (NG) budget gap narrowed in March amid a dip in tax collection and muted spending, the Bureau of the Treasury (BTr) reported on Wednesday. Data from the BTr showed the Philippines’ budget deficit shrank by 6.82% to P195.9 billion in…