Tag: growth
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P-pop sensation must drive growth of creatives industry – Capstone-Intel research
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Research firm Capstone-Intel Corporation said government and private sector support to P-pop groups such as BINI and SB-19 can create jobs and harness the potential of the country’s creative industry. “The growing number of followers of P-pop groups such as BINI and SB-19 unlocks the potential of the creative sector,…
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Factory output growth slows in May
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MANUFACTURING OUTPUT GROWTH eased in May as production of computer, chemical, and metal products contracted, the Philippine Statistics Authority (PSA) reported on Tuesday.
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Delayed easing to dampen growth — BSP chief
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THE BANGKO SENTRAL ng Pilipinas (BSP) said that it should not “wait too long” to begin policy easing as this would dampen economic growth, its top official said.
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PHL told to boost manufacturing jobs to achieve high-income growth
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ECONOMISTS flagged the declining employment share of the Philippine manufacturing sector, which they said is key to achieving a high-income status and meeting other development goals including bringing down poverty incidence to single digits at a faster rate.
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PHL unlikely to breach upper end of growth goal
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THE PHILIPPINES may have difficulty achieving the upper end of the government’s 6-7% gross domestic product (GDP) growth target this year amid expectations of weaker consumption and investment, Fitch Solutions’ unit BMI said. “The economy will find it hard to breach the upper half of the 6-7% growth target which…
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IEX Reports Record Growth in Electricity Volume Amid Rising Energy Consumption and Stable Market Prices
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Indian Energy Exchange (IEX)reported a significant 24.7% year-on-year increase in electricity volume to 10,185 MU in June’24. Including certificates, the total monthly volume rose 19.4% to 10,677 MU. For the […] The post IEX Reports Record Growth in Electricity Volume Amid Rising Energy Consumption and Stable Market Prices appeared first…
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BSP @ 31: Shaping the financial landscape towards sustainable growth
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A central bank needs to accomplish a few things in its service to the nation: among which are monetary policy, which involves controlling the money supply and interest rates to achieve macroeconomic objectives such as controlling inflation, managing employment levels, maintaining economic stability; the regulation and supervision of banks and…
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Philippine manufacturing growth slips to 3-month low
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PHILIPPINE MANUFACTURING activity in June expanded at its slowest pace in three months amid cooling demand, S&P Global said. The S&P Global Philippines Manufacturing Purchasing Managers’ Index (PMI), which measures the country’s monthly factory performance, stood at 51.3 in June, slightly lower than the 51.9 reading in May. June was…
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Housing price growth slows in first quarter
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RESIDENTIAL PROPERTY PRICES nationwide rose at a slower pace in the first quarter, the Bangko Sentral ng Pilipinas (BSP) said. Data from the central bank showed that the Residential Real Estate Price Index (RREPI) rose by an annual 6.1% in the January-March period but slowed from the 6.5% growth in…
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Energy firms to see moderate Q2 growth — analysts
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ENERGY COMPANIES are expected to see moderate growth in the second quarter, driven by the increase in domestic demand and investments in renewable energy, according to analysts. The economic recovery is seen to “stimulate industrial and commercial energy consumption, further supporting revenue growth,” Regina Capital Development Corp. Head of Sales…