Tag: growth
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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…
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Philippine growth seen running ‘below potential’
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THE PHILIPPINES is expected to be the second-fastest growing economy in the Asia-Pacific (APAC) region this year, although expansion is “below potential,” Moody’s Analytics said. In a report, Moody’s Analytics said the Philippines’ gross domestic product (GDP) growth is expected to average 5.9% this year, just behind India (6.8%) but…
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SM Prime bolsters MSME growth and boom in the Philippines
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SM Supermalls continues its commitment to empower and enrich the growth of local Micro, Small, and Medium Enterprises (MSMEs) by building a thriving ecosystem of entrepreneurship and innovation. “MSMEs are our local partners in generating value across all the communities we operate in,” said Steven Tan, President of SM Supermalls.…
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Report Supports G7’s Energy For Growth Initiative In Africa, Calls For Doubling Clean Energy Investments
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A newly released report from the International Energy Agency (IEA) underscores the critical need for substantial investments in clean energy projects across Africa to meet rising energy demands and achieve […] The post Report Supports G7’s Energy For Growth Initiative In Africa, Calls For Doubling Clean Energy Investments appeared first…
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First Geothermal National Centre launches to advocate for UK geothermal growth
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The National Geothermal Centre has officially launched to bring together key stakeholders in efforts to advance geothermal energy development in the UK. The post First Geothermal National Centre launches to advocate for UK geothermal growth first appeared on ThinkGeoEnergy – Geothermal Energy News.
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World Bank says global growth stabilizing but below pre-COVID levels
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WASHINGTON — The World Bank on Tuesday said the US economy’s stronger-than-expected performance has prompted it to lift its 2024 global growth outlook slightly but warned that overall output would remain well below pre-pandemic levels through 2026. The World Bank said in its latest Global Economic Prospects report that the…