Tag: philippine
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Court Orders RCBC to Unfreeze Philippine Sanjia Steel Corporation Account
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Cagayan de Oro City, Misamis Oriental — The Regional Trial Court of Misamis Oriental, Branch 41, issued a decisive order on December 23, 2024, reiterating its earlier resolution and temporary restraining order (TRO) to enjoin Rizal Commercial Banking Corporation (RCBC) and its Lapasan Business Center Branch Manager, Sherlene Seriña, from…
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Philippine driller acquires new rigs to support affiliate’s geothermal growth
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Philippine-based geothermal drilling company ThermaPrime has acquired three new rigs to support the growth of affiliate geothermal operator and developer, EDC. The post Philippine driller acquires new rigs to support affiliate’s geothermal growth first appeared on ThinkGeoEnergy – Geothermal Energy News.
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Philippine annual inflation quickens to 4.4% in July
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MANILA – Philippine annual inflation quickened in July, reflecting faster pace of increases in food and utility costs, the statistics agency said on Tuesday. The consumer price index (CPI) rose 4.4% in July, above the previous month’s 3.7%, bringing year-to-date inflation to 3.7% and close to the top of the…
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BMI says Philippine consumer spending to accelerate this year
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HOUSEHOLD CONSUMPTION is seen to accelerate this year amid easing inflation, Fitch Solutions’ unit BMI said. “We hold a positive outlook for consumer spending in the Philippines in 2024 and 2025,” it said in its latest commentary. “While household spending already recovered to the pre-COVID levels in 2022, the rate…
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Pinoys online resort to prayers amid tensions in West Philippine Sea
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As tensions rise in the West Philippine Sea, more Filipinos on social media resort to prayers for the peaceful resolution of the territorial disputes, according to the latest sentiment analysis conducted by Capstone-Intel Corporation. The territorial disputes issue was widely discussed online with up to 360 daily posts or a…
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Philippine inflation eases to 3.7% in June
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by Luisa Maria Jacinta C. Jocson, Reporter Headline inflation eased to 3.7% in June after four straight months of acceleration due to a slower rise in electricity and transport costs, the Philippine Statistics Authority (PSA) said. The PSA on Thursday reported that the consumer price index (CPI) rose to 3.7%…
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Philippine reliance on coal deepens amid slow transition to green energy
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THE PHILIPPINES continues to depend on coal-fired power as it struggles to implement policies to boost renewable energy capacity, analysts said.
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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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Evaluating current prospects of the Philippine economy
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By Bjorn Biel M. Beltran, Special Features and Content Assistant Editor Though the Philippine economy remained robust in the face of global headwinds last year, for many, expectations had been tempered regarding its prospects. For the whole year, gross domestic product (GDP) growth was recorded at 5.6%, failing to meet…
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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…