Tag: says
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South African Businesses Should Strategically Plan Renewable Energy Transition, Says Report
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South African businesses aiming to switch to renewable energy should carefully consider their options, according to a new white paper by Discovery Green titled “Renewable Energy Strategies For Businesses In […] The post South African Businesses Should Strategically Plan Renewable Energy Transition, Says Report appeared first on SolarQuarter.
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Marcos says inflation is still Philippines’ ‘greatest problem’
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PHILIPPINE PRESIDENT Ferdinand R. Marcos, Jr. on Wednesday said inflation remains a major concern for his government. “It remains unfortunately our greatest problem that is brought by forces that we cannot control,” Mr. Marcos said at an annual Independence Day reception for diplomats at the Presidential Palace. Headline inflation hit…
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World Bank says global growth stabilizing but below pre-COVID levels
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WASHINGTON — The World Bank on Tuesday said the US economy’s stronger-than-expected performance has prompted it to lift its 2024 global growth outlook slightly but warned that overall output would remain well below pre-pandemic levels through 2026. The World Bank said in its latest Global Economic Prospects report that the…
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Banking industry outlook is ‘improving,’ says Fitch
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THE PHILIPPINE BANKING industry’s revenue prospects are seen to further improve this year amid strong lending growth and an expected delay in policy easing, Fitch Ratings said. In a commentary, Fitch said that it revised its outlook on the Philippine banking sector to “improving” from “neutral.” “We expect banks to…
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PEZA says it approved P6.87 billion worth of projects in May
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THE PHILIPPINE Economic Zone Authority (PEZA) approved 22 new and expansion projects worth P6.87 billion in May, with the value dropping 54% from a year ago. In a statement on Thursday, the investment promotion agency (IPA) said the approved investments last month are expected to generate $100.81 million in exports…
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Renewable Energy Poised For 3% Surge In U.S. Electricity Generation, Says Report
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The U.S. Energy Information Administration (EIA) anticipates a 3% increase in electricity generation in 2024 and a further 1% rise in 2025, with renewable energy sources, particularly solar, driving the […] The post Renewable Energy Poised For 3% Surge In U.S. Electricity Generation, Says Report appeared first on SolarQuarter.
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D&L says exports to capture half of revenue in next 2-3 years
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D&L Industries says exports to account for half of total revenue in next two to three years. D&L Industries, Inc. said it expects its export business to make up half of its total revenue in the next two to three years, driven by its new Batangas plant. “Maybe it will…
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DBCC won’t revise target ‘for now,’ says Balisacan
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THE Development Budget Coordination Committee (DBCC) is not planning to revise next year’s growth target “for now,” National Economic and Development Authority (NEDA) Secretary Arsenio M. Balisacan said.