Tag: phl
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PHL banks’ exposure to the real estate sector eases to 20%
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THE EXPOSURE of Philippine banks and trust entities to the property sector eased to 20.17% as of end-December last year, from 20.55% at end-September 2023, data from the Bangko Sentral ng Pilipinas (BSP) showed. Preliminary BSP data also showed this was lower than the 20.98% ratio at the end of…
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PHL needs to grow over 6% in next three quarters to hit target
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THE PHILIPPINE ECONOMY should expand by more than 6% in the next three quarters to meet the government’s growth target this year, analysts said.
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PHL jobless rate at two-month high
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THE PHILIPPINE jobless rate jumped to a two-month high in March as inflation and an El Niño-induced dry spell limited economic output, according to the local statistics agency.
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PHL inflation quickens to 3.8% in April
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HEADLINE INFLATION picked up for a third straight month in April amid higher food and transport costs, the Philippine Statistics Authority (PSA) reported on Tuesday.
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Aircraft maintenance demand seen growing in PHL
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KUALA LUMPUR — Business jet maker Dassault Aviation said it sees increased demand for aircraft maintenance services in the Philippines due to strong growth in the business jet market.
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PHL digital economy’s share to GDP dropped in 2023
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The digital economy’s annual contribution to the country’s economic output decreased as its growth slowed down in 2023, the Philippine Statistics Authority (PSA) reported on Thursday. Preliminary data from the statistics agency showed the digital economy’s share to the country’s gross domestic product (GDP) went down to 8.4% last year…
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OceanaGold PHL sets final IPO price at P13.33
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OCEANAGOLD Philippines, Inc. (OGPI) announced on Wednesday the final offer price for its upcoming initial public offering (IPO) at P13.33 per share, falling below the upper estimate of P17.28 per share projected by its parent company OceanaGold Corp. The IPO will consist of 456 million secondary common shares, with the…
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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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Slowing PHL remittances may weaken consumption
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PHILIPPINE domestic demand could ease this year as remittance inflows are muted by reduced overseas hiring, Pantheon Macroeconomics said.