Tag: phl
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PHL big banks’ asset growth quickens in Q1
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THE COMBINED ASSETS of the Philippines’ biggest lenders rose in the first quarter, fueled by increasing confidence in the economy’s prospects.
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HSBC sees above 6% growth for PHL in Q2
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THE PHILIPPINE ECONOMY is expected to grow above 6% in the second quarter amid base effects and improved government spending, HSBC Global Research said on Wednesday. “For the second quarter, [the economy is] going to grow above 6%, mainly because of base effects, because as you remember, in second quarter…
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WB keeps PHL growth projection for 2024, 2025
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THE WORLD BANK (WB) kept Philippine growth forecasts for 2024 and 2025 amid improved global conditions and better trade, but said delayed policy easing and China’s property sector woes pose risks to the outlook.
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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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Web attacks on PHL companies more than triple
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ONLINE attacks targeting Philippine companies more than tripled last year from 2022, Kaspersky said on Monday, highlighting the urgency of boosting cyber defenses against web threats that can reverse the benefits of digitalization. In a statement, the global cybersecurity company said the number of web threats on local companies jumped…
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‘Most exciting chapter’ for PHL yet to come — WEF
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THE Philippines could become one of the drivers of global growth in the future, if the government continues to ease foreign ownership restrictions and ramp up partnerships with the private sector, according to a World Economic Forum (WEF) executive.
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3 German firms considering PHL expansions, PEZA says
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THE Philippine Economic Zone Authority (PEZA) said three German companies in the automotive, semiconductor, and pharmaceutical industries are planning to expand their Philippine operations. In a statement Sunday, the investment promotion agency (IPA) said it found out about the expansion plans after business-to-business meetings on a visit to Germany this…
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PHL on track to reach upper middle-income status, says NEDA chief
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THE PHILIPPINES is still on track to become an upper middle-income economy next year as long as the growth momentum continues, National Economic and Development Authority (NEDA) Secretary Arsenio M. Balisacan said. “If growth this year is not dampened, [we] should be on track,” he told reporters on the sidelines…
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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.