Posts by tag
growth
Government on track to achieve growth target, says Diokno
THE government is on track to achieving its growth targets in the first quarter of 2023 with the gross domestic product (GDP) growth of 6.4 percent year-on-year (YoY) despite high inflation, a Cabinet official said on Thursday.
Megaworld net income hit P11.6B on record rental revenues in 2016
MEGAWORLD Corp., the property-development arm of businessman Andrew L. Tan, said its net income grew by 12 percent to P11.63 billion last year, from P10.39 billion in 2015.
Economy to sustain above 6.5% growth in Jan-Mar–think tank
WITH inflation as the only downside among all major indicators, a think tank said the Philippine economy is a cinch to sustain its above 6.5-percent growth in the first quarter.
UK economic momentum at risk as consumer confidence wanes
UNITED Kingdom consumer confidence weakened this month as the pound’s slide, rising prices and weak pay growth began to weigh on the powerhouse of Britain’s economy.
Rising protectionist tide may drag 2017 growth
THE Bangko Sentral ng Pilipinas (BSP) said policy shifts—triggered by global politics and monetary-stance direction—will be the main sources of headwinds for the Philippine economy this year.
‘Free hand given by Duterte to govt economists seen boosting growth’
THE iron hand of the President can be seen in his war on drugs. Blood stains on the streets, left as remnants of this war, are among the biggest changes that have come to neighborhoods and city centers.
Philippine property sector’s growth continues in the next six years
ALBAY Rep. Joey Sarte Salceda said Filipinos have good reasons to be optimistic based on the “significant positive gains” registered by the national economy during the first six months of the Duterte administration.
Inclusive growth theme to give way to ’20 by ‘22’ agenda
THE government will be consolidating the recommendations culled from the series of public-private meetings since July, and translate them into a new “20 by ’22” socioeconomic agenda, with the theme “Malasakit at Pagbabago” (Care and Change).
Corporate-tax rate as investment lure
THE Philippine economy’s third-quarter growth is currently the envy of everybody in the region. Bolstered by upbeat consumer spending and strong construction and infrastructure investment, our 7.1-percent GDP growth rate for the period is Asia’s best. This is an auspicious sign of things to come. Barring hitches, pundits say the Philippine economy is set to expand at this rate until 2018 despite threats of protectionism in the US, our top trading partner, under President Donald J. Trump.
Lethargic trade growth seen to persist
Weak exports caused the country’s trade deficit to widen to $17.81 billion in the January-to-September period, according to data released by the Philippine Statistics Authority (PSA) on Thursday.
PHL growth to remain regional outlier in H2
Growth across the $292- billion economy will be as strong as the expansion seen in the first semester, even if the spur of economic activities triggered by the May national elections has already waned.
Total gross revenue of local industries up by 8.4% in Q2
GROSS revenues of industries nationwide grew 8.4 percent in the second quarter of 2016, according to the Philippine Statistics Authority (PSA).
Increase in cash volume accelerates
THE growth of the volume of cash circulating in the local economy further accelerated in September amid the central bank’s efforts to siphon off liquidity through its weekly auction facility.