PH stock market surges past 7,400 mark amid positive economic outlook

Meg Adonis 09/27/2024

The local stock market regained the 7,400 level on Thursday, boosted by positive expectations for the country’s economic growth. By the end of the day, the Philippine Stock Exchange Index (PSEi) rose 1.31%, or 96.12 points, to…

Bankers maintain confidence in PH’s economic growth story

Morexette Marie B. Erram 09/23/2024

CEBU CITY, Philippines – Bankers here remain optimistic about the Philippines’ economic growth, noting that the global market should pay attention to the country’s potential. Recently, top executives of the Hong Kong Shanghai Banking Corp. (HSBC) in…

World Bank sees PH economy growing 6% this year

Ian Nicolas P. Cigaral - @inquirerdotnet 09/13/2024

The World Bank (WB) warned that despite expected interest rate cuts, the Philippine economy may still miss the Marcos administration’s growth target next year due to a slowing global economy. WB lead economist for Brunei, Malaysia, the…

Moody’s: Infrastructure push to bolster PH economic growth

Ian Nicolas P. Cigaral - @inquirerdotnet 08/26/2024

Moody’s Analytics said the government’s strong push to upgrade the Philippines’ infrastructure will help the economy maintain high growth, despite some uneven progress over the past year. The agency kept its GDP growth forecast for the Philippines…

Foreign investment pledges soar to P189.5B in Q2

Mariedel Irish U. Catilogo 08/16/2024

Foreign investment pledges approved by investment promotion agencies (IPAs) jumped by 220.07 percent in the second quarter compared to the same period last year, showing a strong rise in investor confidence, according to the Philippine Statistics Authority…

PH gains 2nd ‘A’ credit rating from Japan’s credit watcher, citing strong economic growth

Mariedel Irish U. Catilogo 08/15/2024

Japan’s Rating and Investment Information Inc. (R&I) has upgraded the Philippines’ credit rating to ‘A-’ with a stable outlook, citing strong economic growth and a better fiscal position. This is the country’s second ‘A-‘ credit rating, following…

PH economy grows 6.2% in Q2, buoyed by gov’t spending, strong investments

Mariedel Irish U. Catilogo 08/09/2024

The Philippine economy grew by 6.3 percent in the second quarter, thanks to increased government spending and strong investments, which helped counter the effects of high consumer prices on household spending. This growth is an improvement from…

Easing inflation, election spending seen to drive economic growth in Q2

Mariedel Irish U. Catilogo 07/22/2024

The Philippine economy may grow by 7.1 percent in the second quarter due to easing inflation and mid-term election spending, the Bank of the Philippine Islands’ (BPI) lead economist said. This exceeds the government’s annual growth target…

Philippine economy expands 5.7% in Q1

Ian Nicolas P. Cigaral - @inquirerdotnet 05/09/2024

MANILA — The Philippine economy expanded by 5.7 percent in the first quarter of the year, up from 5.5 percent in the previous quarter, according to the Philippine Statistics Authority (PSA). However, this growth was below the government’s…

PH economy seen to accelerate in 2024 but faces high inflation, El Niño-driven risks

Ian Nicolas P. Cigaral 04/29/2024

The Philippine economy is expected to grow faster this year, but it might not reach the government’s target due to the impact of the El Niño climate phenomenon on food supply and the risk of high inflation.…

PH shares down to 6,800 level amid economic uncertainties, rising debt

Meg Adonis 04/05/2024

MANILA — Philippine stocks stayed around the 6,800 level on Thursday due to investors grappling with more economic uncertainties, particularly the government’s rising debt. The Philippine Stock Exchange index or PSEi dropped by 0.54 percent, or 36.76…

Creative economy contributes P1.72 trillion to GDP in 2023

Ian Nicolas P. Cigaral 03/22/2024

MANILA, Philippines — The local creative economy surged ahead in 2023, surpassing national output growth to reach a total value of P1.72 trillion. This sector not only generated more jobs but also made a significant contribution to…

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