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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

LATEST

PEZA approves P30b worth of investments

The Philippine Economic Zone Authority (PEZA) said Monday it approved P30 billion worth of investments as of April 19, 2024. PEZA director-general Tereso Panga said...

BCDA bullish on Luzon economic corridor, other projects with US, Japan endorsement

State-run Bases Conversion and Development Authority expressed optimism on the growth of the Central Luzon Economic Corridor with the support of the United States...

Car sales jumped 12.7% in first quarter

Car sales in the Philippines jumped 12.7 percent year-on-year in the first quarter of 2024. The Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI)...

Navotas mayor supports review of ban on new Metro Manila ecozones

Navotas City Mayor John Rey Tiangco supported appeals to the national government to lift the moratorium on the establishment of economic zones in Metro...

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