Local output expansion that underwhelmed the economic managers last year at only 5.6 percent in terms of the gross domestic product (GDP) is seen reaccelerated to 6 percent this year, the International Monetary Fund said.
Above-target inflation averaging 6 percent in 2023 is forecast in January this year to have averaged no more than 3.6 percent, the Bangko Sentral ng Pilipinas said on Wednesday.
The country's continued economic expansion in 2023, measured as the gross domestic product (GDP), eased sharply to only 5.6 percent in the final quarter and came even lower than the revised output expansion of 6 percent in the third quarter.
The Bank of the Philippine Islands (BPI) targets opening within the year 2.5 times more phygital bank branches than it has at the moment as part of the larger goal of meeting the requirements of its digital clients.
The Philippines is seen to have missed its goal of boosting local output expansion averaging at least 6 percent in 2023, having grown at a slower rate of only 4.9 percent in the fourth quarter last year, analysts at Moody's Analytics said on Monday.
The Department of Transportation (DOTr) has started demolition and fencing works at the Metrowalk property in Pasig City to make way for the construction of the Ortigas Station of the Metro Manila Subway Project (MMSP).
Airbus, Leonardo, and Thales have signed a memorandum of understanding to merge their space activities into a new joint company, aiming to bolster Europe’s strategic autonomy in the critical space sector. This move is set to create a unified European space champion with a strong commercial and technological footprint, spanning telecommunications, navigation, earth observation, science, exploration, and national security.
Maya Philippines Inc., a leading all-in-one finance platform, is making IPO participation more accessible to everyday Filipinos through its stock investing feature, Maya Stocks. The platform now offers access to the planned initial public offering (IPO) of Maynilad Water Services Inc. (PSE: MYNLD) via partner brokers DragonFi Securities, F. Yap Securities (2tradeasia), and Philstocks Financial.
A recent study by the Department of Agriculture - Philippine Rice Research Institute (PhilRice) and Biliran Province State University (BiPSU) highlights a critical challenge facing Biliran’s rice-based food production (RBFP) industry. Despite generating over P100 million annually, the sector is at risk as most traditional delicacies are produced by aging processors, with few young people taking their place.