Tag: phl
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AMRO trims PHL growth forecasts
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THE ASEAN+3 Macroeconomic Research Office (AMRO) trimmed its Philippine economic growth forecast for this year and in 2025, amid slowing external demand. In its latest update, AMRO sees Philippine gross domestic product (GDP) expanding by 6.1% this year, slightly lower than the 6.3% in the April report. Despite the downgrade,…
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PHL likely to grow by 5-6% this year — House think tank
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THE GOVERNMENT of President Ferdinand R. Marcos, Jr. might have done enough pump-priming and should let the private sector take on a bigger role in boosting the economy, according to a congressional think tank.
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PHL likely to be ‘big winner’ once India eases rice export restrictions
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THE PHILIPPINES is seen to benefit the most from an expected decline in global rice prices once India relaxes restrictions on rice exports, Nomura Global Markets Research said. “We expect the Philippines to be the biggest winner in Asia, given the high share of rice in its consumer price index…
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PHL banks’ total assets up 12.4% as of end-May
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THE PHILIPPINE banking industry’s total assets jumped by an annual 12.4% as of end-May, Bangko Sentral ng Pilipinas (BSP) data showed.
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PHL jobless rate hits 4-month high
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THE PHILIPPINE jobless rate climbed to a four-month high in May while the quality of jobs improved to its best level since 2005, the Philippine Statistics Authority (PSA) reported on Monday.
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PHL told to boost manufacturing jobs to achieve high-income growth
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ECONOMISTS flagged the declining employment share of the Philippine manufacturing sector, which they said is key to achieving a high-income status and meeting other development goals including bringing down poverty incidence to single digits at a faster rate.
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PHL can’t handle ‘fast’ transition to renewable energy — Balisacan
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THE PHILIPPINE ECONOMY cannot handle a “fast” transition to a dominantly renewable energy (RE) mix, according to the National Economic and Development Authority (NEDA).
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PHL unlikely to breach upper end of growth goal
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THE PHILIPPINES may have difficulty achieving the upper end of the government’s 6-7% gross domestic product (GDP) growth target this year amid expectations of weaker consumption and investment, Fitch Solutions’ unit BMI said. “The economy will find it hard to breach the upper half of the 6-7% growth target which…
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PHL fiber broadband adoption ‘extremely challenging’
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THE WIDER ADOPTION of fiber broadband in the Philippines remains “extremely challenging,” but that may soon improve if the government successfully implements a project to roll out fiber-optic infrastructure in last-mile areas, Fitch Solutions’ unit BMI said.
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PHL could reap P2.6T annually from AI — Balisacan
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THE PHILIPPINE ECONOMY could gain P2.6 trillion annually if domestic businesses adopt artificial intelligence (AI), the National Economic and Development Authority (NEDA) said. “The technology is estimated to contribute $15.7 trillion to the global economy by 2030, with the Philippines potentially gaining P2.6 trillion annually if businesses adopt AI-powered solutions,”…