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Saturday, April 27, 2024

Economy & Trade

Private sector economists see first-quarter growth hitting 6.2%

The Philippine economy likely grew 6.2 percent year-on-year in the first quarter of 2024, according to economists belonging to the University of Asia and the Pacific and First Metro Investments Corp. “Bolstered by robust economic data for February, we have become a little cautiously optimistic about the economic rebound. We expect GDP to expand by 6.2 percent in Q1, an upward revision from our previous forecast of 6.1 percent,” the...

Ayala keeps ‘constructive outlook’ on PH economy

CONGLOMERATE Ayala Corp. said Friday it maintains a “constructive outlook” on the...

NEDA board approves basic education plan, 2 other projects

The National Economic and Development Authority (NEDA) Board approved three key initiatives...

Stocks advance; peso dips to 57.78 a dollar

Stocks rose, but the Philippine peso fell to a new 17-month low...

LATEST Economy & Trade

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Bank loans grew by 12% in July despite rate hikes

Bank loans expanded 12 percent in July from a year ago providing support to domestic activities that are crucial to economic recovery despite the...

BSP says August inflation rate may hit as high as 6.7%

The Bangko Sentral ng Pilipinas said Wednesday inflation in August likely accelerated to as high as 6.7 percent from 6.4 percent in July on...

China’s August factory activity sank for second straight month

BEIJING, China—China’s factory activity shrank in August for the second month in a row, official data showed Wednesday, as the sector was hit by...

It will take ‘a few years’ to get inflation back to 2%, says Fed

WASHINGTON, United States—The Federal Reserve is committed to bringing soaring US inflation back down to two percent, but that will take “a few years,”...

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