Tag: growth
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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…
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Statkraft Refines Strategy for Accelerated Growth
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Statkraft has refreshed its investment strategy.The refined strategy will prioritize investments in Norwegian hydropower, market operations, and the expansion of solar, wind, and battery projects in Europe and select international […] The post Statkraft Refines Strategy for Accelerated Growth appeared first on SolarQuarter.
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PHL wholesale, NCR retail price growth slower in May
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Wholesale price growth in the country and retail price growth in the National Capital Region (NCR) both eased to multiyear lows in May amid base effects, the Philippine Statistics Authority (PSA) reported on Friday. Preliminary data from the PSA showed the country’s general wholesale price index (GWPI) inched up by…
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DBCC keeps growth targets until 2028 despite external headwinds
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ECONOMIC MANAGERS on Thursday retained their growth targets for this year until 2028 despite external headwinds. The Development Budget Coordination Committee (DBCC), which sets official macroeconomic assumptions and fiscal program, maintained its Philippine gross domestic product (GDP) growth target at 6-7% this year, and at 6.5-7.5% in 2025. “Despite external…
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PHL urged to implement ‘smart’ policies to achieve double-digit growth
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THE PHILIPPINES should implement “smart” policies that address challenges in power, infrastructure and defense sectors in order to fuel double-digit economic growth, Denmark’s ambassador to the Philippines said on Tuesday. In his keynote speech at the 45th National Conference of Employers on Tuesday, Ambassador Franz-Michael Skjold Mellbin said that he…
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S&P Global trims PHL growth outlook
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S&P GLOBAL RATINGS trimmed its gross domestic product (GDP) forecast for the Philippines for this year and 2025 amid expectations that high interest rates will continue to crimp domestic demand. In a report, the credit rater cut its growth forecast for 2024 to 5.8% from 5.9% previously. It also lowered…