Tag: growth
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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…
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Economic growth likely faster in Q1
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PHILIPPINE economic growth likely picked up in the first quarter from the prior three-month period amid strong private consumption and government spending, but elevated inflation and interest rates could have hampered expansion, analysts said.
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Q1 GDP growth may miss target
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THE PHILIPPINE economy likely continued its growth momentum in the first quarter, although this may fall short of the government’s target, GlobalSource Partners said. “The first quarter is likely to sustain positive economic growth which may not necessarily approximate the official target of 6-7% for at least the first quarter…
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PHL vehicle sales growth slows in March
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By Justine Irish D. Tabile, Reporter PHILIPPINE AUTOMOTIVE sales rose by 1.6% to 37,474 units in March, the slowest in over two years amid elevated interest rates, an industry report showed. A joint report by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck Manufacturers Association (TMA)…
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Rate cut delays seen to slow growth
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HIGHER FOR LONGER interest rates will keep inflation at bay but at the cost of slower economic growth, analysts said.