TOKYO, Feb 2, 2023 – (JCN Newswire via SEAPRWire.com) – Fujitsu and TORIDOLL Holdings Corporation (hereinafter TORIDOLL Holdings) today announced the deployment of Fujitsu’s AI demand forecast service at 823 Marugame Udon noodle shops in Japan(1), operated by TORIDOLL Holdings. The service will enable TORIDOLL Holdings to accurately forecast the customer numbers and sales by […]
THE current account deficit as a proportion of gross domestic product (GDP) is now projected at 4.7% this year from 4.5% previously, with easing commodity prices offset by strong imports of capital goods, Fitch Solutions Country Risk & Industry Research said in a report. The 2023 projection is lower than the expected percentage in 2022 […]
THE BANGKO SENTRAL ng Pilipinas (BSP) sees the country posting a wider balance of payments (BoP) deficit this year as the global outlook remains clouded with uncertainty. The central bank said the revised BoP projections for this year and 2023 were mainly influenced by the same risk factors incorporated in September forecast round. “In particular, […]
The Philippine central bank raised its 2022 average inflation forecast to 5.8%, from 5.4% previously. — PHILIPPINE STAR/ EDD GUMBAN By Keisha B. Ta-asan, Reporter THE BANGKO SENTRAL ng Pilipinas (BSP) on Thursday raised its key interest rate for a sixth time this year to tame inflation, which it now sees rising to 5.8% by […]
THE ASEAN+3 Macroeconomic Research Office (AMRO) kept its growth projection for the Philippines this year, but cut its gross domestic product (GDP) forecast for 2023 amid inflationary pressures and the threat of a global recession. In the AMRO Regional Economic Outlook Update released on Thursday, the think tank said it kept the estimate at 6.9% […]
PHILIPPINE rice imports are expected to rise to 3.4 million metric tons (MT) in the July 2022-June 2023 period, the US Department of Agriculture’s (USDA) Foreign Agricultural Service (FAS) said, upgrading its previous forecast of 3.3 million MT. “Rice is a highly political crop in the Philippines, and supply sufficiency is very important for the […]
THE ASIAN Development Bank (ADB) on Thursday said it had raised its growth forecast for the Philippines this year, but warned that a slowdown in global growth and a spike in commodity prices could threaten recovery. In its Asian Development Outlook 2022 Supplement, the multilateral lender said the country’s gross domestic product (GDP) is now […]
THE ASIAN Development Bank (ADB) on Thursday said it had raised its growth forecast for the Philippines this year, but warned that a slowdown in global growth and a spike in commodity prices could threaten recovery. Read the full story.
THE Philippine economy is forecast to grow faster than initially expected in 2022, following the relaxation of Covid-19 mobility restrictions in the country, the expansion of the vaccination program, and a rebound in investment and household consumption, according to a report released Thursday by the Asian Development Bank (ADB).The Asian Development Outlook (ADO) 2022 Supplement […]
THE Philippine central bank would consider bigger key rate increases to support the peso and amid faster inflation, according to its new chief. “The key really is what’s the momentum of inflation,” Bangko Sentral ng Pilipinas (BSP) Governor Felipe M. Medalla told reporters on Wednesday night. Still, he expects consumer spending to boost economic growth […]
The purpose of this Feng Shui forecast is to provide clarity. When the energy is positive, maximize to your advantage. When the energy is negative you manage what you can with it.T…
THE International Monetary Fund is warning of rising threats to the global economic recovery posed by the ongoing coronavirus pandemic and an outbreak of inflation. The lending agency called for greater efforts from wealthy nations to boost coronavirus vaccination rates in poorer countries, while also urging the Federal Reserve and other central banks to respond […]
TOKYO, Jul 8, 2021 – (JCN Newswire via SEAPRWire.com) – Showa Denko (SDK; TSE:4004) announces that, following the “Announcement regarding Company Split (Absorption-Type Company Split) and Transfer of Energy Storage Devices and Systems Business through Share Transfer by a Consolidated Subsidiary (Change of Second-Generation Subsidiary)” which was announced today, SDK will record extraordinary loss in […]
PHILIPPINE shares climbed on Tuesday as positive April factory output data helped offset a report showing unemployment rose that same month and the World Bank’s lower economic growth forecast for the country. The 30-member Philippine Stock Exchange index (PSEi) gained 45.80 points or 0.67% to close at 6,809.72 on Tuesday, while the all shares index […]
TOKYO, May 10, 2021 – (JCN Newswire via SEAPRWire.com) – Showa Denko (SDK; TSE:4004) announces that it revises its forecast of consolidated business results for the first half of the year ending on December 31, 2021, which was announced on February 17, 2021, taking the latest economic conditions into consideration. Following this revision, SDK also […]
THE Philippine economy’s recovery is expected to be “fragile,” the Asian Development Bank (ADB) said on Wednesday, as it slashed its growth forecast to 4.5% this year due to uncertainties over the prolonged coronavirus pandemic. Read the full story.
1 of 2 PCG Sea patrol MEMBERS of the Philippine Coast Guard took photos of these China-flagged ships during maritime patrol operations on April 13 at the Julian Felipe Reef using the BRP Cabra and two vessels of the Bureau of Fisheries and Aquatic Resources. Storm Surigae to affect eastern parts of Visayas, Luzon over […]
Inflation is expected to remain elevated in the next few months, the central bank said. Headline inflation hit a two-year high of 4.2% in January, as meat and vegetable prices spiked due to supply shortages. — PHILIPPINE STAR/MICHAEL VARCAS THE CENTRAL BANK on Thursday kept its benchmark interest rate at a record low to support […]