Tag: GDP

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Philippine economy expands 5.4% in 1Q amid global uncertainty 

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The Philippine economy grew by 5.4 percent in the first quarter of 2025, according to the Philippine Statistics Authority—a modest yet steady performance amid ongoing global uncertainty.

ADB forecasts strong Philippine growth, ‘Blue Economy” opportunities

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The Asian Development Bank (ADB) has forecast that the Philippine economy will grow at a robust pace of 6.0 percent in 2025 and 6.1 percent in 2026, driven by strengthened domestic demand and sustained public investment. This growth follows a 5.6 percent expansion in 2024.

PSA revises GDP growth for 2024

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The Philippine Statistics Authority (PSA) has revised estimates for the country’s economic performance, covering both 2023 and 2024, with updates on quarterly and annual figures by industry and expenditure. 

Emerging markets output growth looking sanguine

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Emerging markets and developing economies like the Philippines were to collectively post output growth measured as the gross domestic product (GDP) averaging 4 percent this year, but higher next year to 4.2 percent, according to the International Monetary Fund (IMF).

Q3 2022 GDP growth maintained at 7.6%

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The government has retained the projected local output growth measured as the gross domestic product (GDP) at 7.6 percent in the third quarter of 2022, according to National Statistician Dennis Mapa.
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URC 1H net income rises 10% on strong 2Q recovery

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Universal Robina Corp. (URC), the food business of the Gokongwei group, reported Thursday that its net income for the first half ending June reached P6.91 billion, a 10 percent increase from the P6.27 billion recorded in the same period last year. Total revenues for the six-month period also rose 4 percent to P89.33 billion from P85.88 billion a year earlier.

Spot power prices drop 13% in July, lower utility bills expected 

Energy & Mining 0
Electricity prices at the Wholesale Electricity Spot Market (WESM) fell by 13.1 percent nationwide in July, driven by lower overall demand across the country. According to data released by the Independent Electricity Market Operator of the Philippines (IEMOP) during an online briefing, the national spot price dropped to an averaged P8.31 per kilowatt-hour (kWh) as of July 25, down from P9.56 per kWh in June.

Cebu Pacific swings to P5.9-B H1 loss on high fuel costs, forex hits

Transport & Logistics 0
Cebu Pacific posted a net loss of P5.9 billion in the first half of the year, a sharp reversal from the P8.9-billion net profit recorded in the same period last year, due to surging fuel prices and foreign exchange losses.

PSAC urges AI task force to prepare future workforce 

Communications & Technology 0
The Private Sector Advisory Council (PSAC) is urging the government to fast-track the country's artificial intelligence agenda, proposing a national task force and education reforms designed to equip Filipino workers for an economy increasingly shaped by AI and advanced technologies.

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