Tag: philippines
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Maintaining the Philippines’ competitiveness as an investment destination
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The Philippines needs to sharpen its competitive edge if it wants to remain a contender as an investment destination. One of the country’s main selling points is its ongoing reforms, but these reforms need to be targeted and strategic. Meaning, these ongoing reforms should be used to address the existing…
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EDC inaugurates 28.9-MW Palayan Bayan binary geothermal power plant, Philippines
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The Energy Development Corporation has inaugurated the 28.9-MW Palayan Bayan binary geothermal plant in the existing BacMan facility in Bicol, Philippines. The post EDC inaugurates 28.9-MW Palayan Bayan binary geothermal power plant, Philippines first appeared on ThinkGeoEnergy – Geothermal Energy News.
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Philippines to post huge twin deficits this year
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THE PHILIPPINES will continue to post large deficits for the current account and budget this year due to an expected increase in rice imports and infrastructure spending, Nomura Global Markets Research said. “We expect the current account deficit (CAD) to remain large and fiscal consolidation targets to be challenging this…
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Philippines’ move to upper middle-income level unlikely by 2025
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THE PHILIPPINES is unlikely to achieve the government’s goal of becoming an upper middle-income country by 2025, analysts said. Analysts said Philippine gross domestic product (GDP) needs to expand by at least 6% annually in the near term to ensure a significant growth in Filipino incomes. “The Philippines can still…
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McDonald’s Philippines MBraces all with ‘Love Ko All’ campaign
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McDonald’s Philippines is painting the town [and its restaurants], with rainbow colors this Pride Month. Going beyond its iconic arches, McDonald’s is celebrating diversity and inclusivity with special meal deals, informative podcasts, and activations in various Pride events. Since 2021, Love Ko All has been the brand’s Pride platform which…
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Philippines’ current account deficit seen to further narrow this year
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THE PHILIPPINES’ current account deficit is seen narrowing further this year amid a more positive global outlook, Fitch Solutions’ unit BMI said. In a report dated June 25, BMI lowered its current account deficit forecast to 2.3% of gross domestic product (GDP) from 2.8% previously. This is narrower than last…
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Philippines has 25-year window to reap benefits of young population — WB
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THE PHILIPPINES has to take advantage of the changing population structure in the next 25 years, when the working-age population will outnumber dependents, according to the World Bank (WB). “The country has a 25-year window to harness the benefits of a changing population structure. So, the country will have a…
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Philippines improved slightly in attaining SDGs — UN report
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THE PHILIPPINES jumped six spots to 92nd out of 167 countries in achieving 17 sustainable development goals (SDGs), but still grapples with significant challenges in addressing poverty, hunger and low-quality education, a United Nations (UN) body said in its latest report. In the UN Sustainable Development Solutions Network’s (SDSN) 2024…
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Philippines slips in WEF Energy Transition Index
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THE PHILIPPINES dropped 11 spots in an index that measures countries’ energy transition efforts, reflecting the slowing global momentum amid increasing uncertainty. The Philippines ranked 105th out of 120 countries in the World Economic Forum’s (WEF) Energy Transition Index (ETI), from 94th in 2023. The Philippines’ latest ranking was its…
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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.…