Tag: growth
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Manufacturing growth slows slightly in July
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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…
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Arctech Achieves 131% YoY Growth, Leading Among Top 5 Solar Tracker Suppliers
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Arctech, the world’s leading provider of solar tracking, racking, and BIPV solutions, stands out as the only company among the global Top 5 solar tracker suppliers to achieve an impressive […] The post Arctech Achieves 131% YoY Growth, Leading Among Top 5 Solar Tracker Suppliers appeared first on SolarQuarter.
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High rates seen to weigh on growth
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METROPOLITAN Bank & Trust Co. (Metrobank) Research trimmed its gross domestic product (GDP) forecast for the Philippines this year as elevated interest rates continue to crimp domestic demand.
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Faster infrastructure development needed to ensure growth — S&P
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MORE INVESTMENTS in infrastructure assets are needed to unlock faster growth rates for emerging Asian economies like the Philippines, S&P Global said. “A marked improvement in infrastructure and logistics will support the next leg of growth for the emerging markets of Asia,” it said in a report. “Economies can unlock…
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Driving Clean Energy: India’s 3.98% Capacity Growth and 23.68% Solar Power Surge in 2022-23
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In the global push for sustainability, significant emphasis is placed on expanding infrastructure and upgrading technology to ensure modern and sustainable energy services for all, particularly in developing countries (SDG […] The post Driving Clean Energy: India’s 3.98% Capacity Growth and 23.68% Solar Power Surge in 2022-23 appeared first on…
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Global Electricity Demand To Rise By 4% In 2024 And 2025: Report Highlights Major Growth And Renewable Contributions
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The International Energy Agency (IEA) has released its Electricity Mid-Year Update, forecasting a robust increase in global electricity demand over the next two years. The report predicts that demand will […] The post Global Electricity Demand To Rise By 4% In 2024 And 2025: Report Highlights Major Growth And Renewable…
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ADB keeps PHL growth forecasts unchanged
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THE ASIAN Development Bank (ADB) kept Philippine economic growth forecasts for this year and in 2025 unchanged as expected monetary easing will likely lift investments and consumption. In its latest Asian Development Outlook, the multilateral lender said it expects Philippine gross domestic product (GDP) to grow by 6% this year,…
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AMRO trims PHL growth forecasts
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THE ASEAN+3 Macroeconomic Research Office (AMRO) trimmed its Philippine economic growth forecast for this year and in 2025, amid slowing external demand. In its latest update, AMRO sees Philippine gross domestic product (GDP) expanding by 6.1% this year, slightly lower than the 6.3% in the April report. Despite the downgrade,…
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Philippines likely to post one of the fastest growth rates in Asia this year, 2025 — IMF
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THE PHILIPPINES will likely post the second-fastest growth in Asia this year and in 2025, the International Monetary Fund (IMF) said. In its latest World Economic Outlook report, the IMF maintained its gross domestic product (GDP) growth forecast for the Philippines at 6% this year and 6.2% in 2025. If…
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2024 RE statistics highlight lagging growth of geothermal for electricity
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The 2024 Renewable Energy Statistics published by IRENA highlight the small growth of geothermal electricity generation and potential in the heating market. The post 2024 RE statistics highlight lagging growth of geothermal for electricity first appeared on ThinkGeoEnergy – Geothermal Energy News.