Tag: growth
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GDP growth may fall below target in 2024, 2025 — BSP
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PHILIPPINE economic growth may fall below the government’s target this year and in 2025, as high interest rates dampen domestic demand, the Bangko Sentral ng Pilipinas (BSP) said. “The outlook on domestic economic activity remains intact, even as the economy is projected to operate slightly below potential. Economic growth could…
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Semiconductors, renewables to drive PHL growth — Go
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THE PHILIPPINE government is banking on the semiconductor and renewable energy (RE) sectors to drive economic growth, according to the Palace’s chief investment adviser.
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Prescient Investment Management Drives Renewable Energy Growth In South Africa
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In a significant move toward bolstering South Africa’s renewable energy sector, Prescient Investment Management (PIM) has reaffirmed its commitment as a leading financier of renewable energy infrastructure projects. PIM has […] The post Prescient Investment Management Drives Renewable Energy Growth In South Africa appeared first on SolarQuarter.
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Education, manufacturing and tourism are key growth drivers, says JG Summit CEO
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THE PHILIPPINE government and private sector should harness the potentials of education, manufacturing and tourism, which are critical to economic growth, JG Summit Holdings, Inc.’s top executive said on Wednesday.
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PHL needs at least 6.1% growth to meet target, say analysts
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THE PHILIPPINE ECONOMY must grow by an average of 6.1% for the rest of the year to meet the lower end of the government’s 6-7% target, the Department of Finance (DoF) said over the weekend.
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Remittance growth slows in March
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MONEY SENT HOME by overseas Filipino workers (OFWs) in March recorded its slowest pace of growth in nine months, data from the Bangko Sentral ng Pilipinas (BSP) showed.
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BusinessWorld Economic Forum 2024 to uncover next drivers of Philippines’ growth
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THE PHILIPPINE ECONOMY has shown resilience despite facing challenges such as the coronavirus pandemic, elevated inflation and high interest rates. The BusinessWorld Economic Forum will tackle the key issues facing the Philippines today, as well as the next drivers of economic growth when it returns on May 22 (Wednesday) at…
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FTC Solar Reports First Quarter 2024 Financial Results: Revenue in Line with Targets, Strategic Initiatives Drive Future Growth
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FTC Solar, Inc., a prominent provider of solar tracker systems, software, and engineering services, has disclosed its financial performance for the first quarter . Despite a decrease in revenue compared […] The post FTC Solar Reports First Quarter 2024 Financial Results: Revenue in Line with Targets, Strategic Initiatives Drive Future…
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Metro Manila’s construction material retail price growth quickens in April
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RETAIL PRICE growth of construction materials in the National Capital Region (NCR) accelerated to three-month high in April, the Philippine Statistics Authority (PSA) reported on Friday. According to preliminary data from the PSA, the construction materials retail price index (CMRPI) in April grew by 1.2%. This was twice faster than…
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AI to Revolutionize Energy Storage: Market Set for 33% Annual Growth, Targeting $400 Billion by 2030
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In a recent report from the Advanced Research Directions on AI for Energy’s Winter 2023 workshops, experts outlined significant challenges and strategies for accelerating the development and deployment of energy […] The post AI to Revolutionize Energy Storage: Market Set for 33% Annual Growth, Targeting $400 Billion by 2030 appeared…