Tag: says
-
Q1 GDP likely grew by 5.8-6.3%, says Recto
•
PHILIPPINE ECONOMIC GROWTH in the first quarter could have settled between 5.8% and 6.3%, Finance Secretary Ralph G. Recto said. “Anything higher than 5.5% is a win because last year we grew by 5.5%. If we grew by 5.8%, that’s good enough. That should be one of the highest in…
-
Philippines’ ongoing power crisis is not artificial, says Marcos
•
PRESIDENT Ferdinand R. Marcos, Jr. on Monday dispelled fears that the Philippines was experiencing an artificial power crisis after the country’s sole grid operator again raised a yellow alert in the Luzon and Visayas grids, citing an El Niño-driven increase in demand. “It definitely is not an artificial crisis because…
-
Inflation uptick unlikely in April, says NEDA official
•
HEADLINE INFLATION is unlikely to accelerate in April amid the harvest season, although risks from the El Niño dry spell remain, a National Economic and Development Authority (NEDA) official said on Monday. “We’re hoping that it (inflation) will be good because we’re already harvesting,” NEDA Undersecretary Rosemarie G. Edillon told…
-
BoI says investment pledges reach P607B
•
INVESTMENT COMMITMENTS approved by the Board of Investments (BoI) reached P607.22 billion as of April 17. BoI Director for Investment Policy and Planning Service Sandra Marie S. Recolizado said that the investment promotion agency approved a total of 117 projects, which mostly came from domestic investors. “Our total approved…
-
FBI says Chinese hackers preparing to attack US infrastructure
•
Nashville, Tennessee – Chinese government-linked hackers have burrowed into U.S. critical infrastructure and are waiting “for just the right moment to deal a devastating blow,” FBI Director Christopher Wray said on Thursday. An ongoing Chinese hacking campaign known as Volt Typhoon has successfully gained access to numerous American companies in…
-
US defense chief speaks with Chinese counterpart, Pentagon says
•
WASHINGTON – US Defense Secretary Lloyd Austin spoke with China’s defense minister on Tuesday, the first engagement the two have had in more than a year as the two countries seek to restore military ties. The phone call comes as US President Joe Biden and Chinese President Xi Jinping have sought to manage tensions; the…