WHOLESALE PRICE growth in general goods picked up to its fastest pace in 14 months in March, data released by the Philippine Statistics Authority (PSA) on Friday showed. The country’s general wholesale price index (GWPI) increased by 2.8% from a year earlier in March. This was faster than the revised growth rate of 2.5% in […]
Tag: growth
Philippine trade year-on-year performance (Apr. 2021)
PHILIPPINE international trade value doubled in April as both exports and imports of merchandise goods posted record growth, the Philippine Statistics Authority (PSA) reported on Wednesday. Read the full story.
Market debut drives Monde Nissin stock
By Ana Olivia A. Tirona, Researcher MONDE NISSIN Corp. ended up as the most actively traded stock in the Philippine Stock Exchange (PSE) last week following its market debut on Tuesday. A total of P6.40-billion worth of 477.94 million Monde Nissin shares exchanged hands on the trading floor from June 1 to 4, PSE data […]
Software AG to Power Growth Across APJ with New Senior Executive Hires
SINGAPORE, Jun 3, 2021 – (ACN Newswire via SEAPRWire.com) – Software AG (Frankfurt MDAX: SOW) today announced a number of senior executive appointments in Asia Pacific and Japan (APJ). This forms the cornerstone of the company’s plan to establish a leadership team that can better support its customer and partner bases in the region, underscoring […]
RBA holds rates at record lows despite improved economic output
AUSTRALIA’S CENTRAL BANK left its cash rate at record lows on Tuesday and reiterated its lower-for-longer policy stance even as data showed the country’s economic output was above its pre-pandemic level and house prices were shooting through the roof. The Reserve Bank of Australia (RBA) left its policy settings at 0.1% for a sixth straight […]
Shineway (2877.HK) Q1 revenue increased by 37.0%
HONG KONG, May 13, 2021 – (ACN Newswire via SEAPRWire.com) – China Shineway Pharmaceutical Group Limited (2877.HK) recently released its unaudited turnover for the three months ended 31 March 2021 (Q1 2021) based on its management accounts. Revenue for Q1 2021 went up 37.0% YoY, which implies a growth of 20.4% over the pre-COVID 19 […]
Global Internet of People Inc. Posts Robust 2020 Business Growth
SHANGHAI, May 7, 2021 – (ACN Newswire) – Global Internet of People, Inc. (NASDAQ:SDH), an operator of a knowledge sharing and enterprise service platform via mobile application and through local centers in China, is one of the few knowledge-sharing platform companies that has reported robust business performance in the past year. The company has posted strong growth and generated […]
Wholesale price growth picks up in February
WHOLESALE PRICE growth in general goods picked up on a year-on-year basis in February, according to the Philippine Statistics Authority. The general wholesale price index (GWPI) rose 2.4% from a year earlier in February, up from the growth rate of 2.1% in January. The corresponding growth rate in February 2020 was 2.7%. The GWPI’s performance […]
Daraz announces 2021 Seller Promises: Faster Pay-outs and Accelerated Business Growth for Local Entrepreneurs
SINGAPORE, Apr 26, 2021 – (ACN Newswire via SEAPRWire.com) – Daraz, the leading e-commerce platform in South Asia, announced its commitment to providing additional support for local entrepreneurs and enhancing the selling experience on the platform over the coming months. In a recent online conference, Daraz Group CEO Bjarke Mikkelsen announced key initiatives planned for […]
Outsourcing industry recovery could be starting, survey indicates
OPERATIONS of outsourcing companies have started to stabilize as companies bounce back from the lockdown-induced slump of 2020, advisory firm Outsource Accelerator (OA) said in a report. The company, in a survey of 25 firms representing almost 40,000 employees, found that the shift to remote work caused a “huge operational challenge” for the respondents, which […]
Daraz announces Seller Promises including faster pay-outs and accelerated business growth for local entrepreneurs
SINGAPORE, Apr 15, 2021 – (ACN Newswire via SEAPRWire.com) – Daraz, the leading e-commerce platform in South Asia announced its commitment to provide additional support to local entrepreneurs and enhance the selling experience on the platform over the coming months. In a recent online conference, Daraz Group CEO, Bjarke Mikkelsen, announced key initiatives planned for […]
STADA Philippines shows resilience with triple-digit growth in 2020
Newly-established pharmaceutical player STADA Philippines showed resilience amid the coronavirus pandemic by achieving triple-digit sales growth of 478% in 2020. Fueling the growth is the expansion of the STADA Philippines portfolio, with the banner acquisition of the FERN-C line (consisting of the established, 15-year-old vitamin c brand FERN-C, and two children’s vitamin products — FERN […]
Bank lending shrinks for third straight month in February
CREDIT extended by big lenders continued to shrink for a third straight month in February despite faster liquidity growth, reflecting that risk aversion and dampened demand amid the pandemic. Outstanding loans by universal and commercial banks dropped 2.7% to P8.936 trillion in February from a year earlier, preliminary data from the Bangko Sentral ng Pilipinas […]
Fujitsu Accelerates Investment in Promising Tech Startups with Establishment of 10 Billion Yen Corporate Venture Capital Fund and Management Subsidiary
TOKYO, Mar 31, 2021 – (JCN Newswire via SEAPRWire.com) – Fujitsu Limited today announced the establishment of Fujitsu Ventures Fund LLC, a corporate venture capital (CVC) fund totaling 10 billion yen, under the management by the subsidiary Fujitsu Ventures Limited. The new fund will target investments in promising tech companies globally, including in Japan, the […]
World Bank cuts Philippine growth outlook
The World Bank cut its economic growth forecast for the Philippines to 5.5% this year, citing high coronavirus cases, a slow vaccination program and lackluster government spending. “The Philippines struggles with COVID-19, which affects growth directly by requiring a very tough response which has imposed a big cost on the economy,” Aaditya Mattoo, the World […]
Frost & Sullivan Recognizes NEC with the 2020 Global Biometrics in Security Market Growth Innovation & Leadership Excellence Frost Radar Award
TOKYO, Mar 17, 2021 – (JCN Newswire via SEAPRWire.com) – NEC Corporation (TSE: 6701) today announced that it was presented with the 2020 Global Biometrics in Security Market Growth Innovation & Leadership Excellence Frost Radar Award by Frost & Sullivan. The award reflects NEC’s pivot toward biometric solutions, which are providing the company with significant […]
Alorica sets 10-15% revenue growth target
OUTSOURCING firm Alorica Philippines is expecting its revenues to grow 10-15% this year as demand from the retail and logistics industries requiring more customer service assistance swells. This target outpaces the overall industry target of a 3.2-5.5% revenue compound annual growth rate (CAGR) up to 2022, as reported by industry group Information Technology and Business […]
Twitter investors look past warning of slower user growth, eye rising ad sales
TWITTER, INC. on Tuesday beat Wall Street targets for quarterly sales and profit and followed its social media peers to forecast a strong start to 2021 as ad spending rebounds from a rock bottom. The solid beat, aided by ad product improvements, convinced investors to overlook a dull forecast for user growth, which Twitter expects […]
OECD cuts PHL growth forecast to 5.9% on weak consumption
THE Organisation for Economic Co-operation and Development (OECD) expects the Philippines to post only a “partial recovery” in 2021, with growth of 5.9%, citing still-weak consumption. The OECD’s previous forecast for the year was 6.2%, issued in November. The new forecast was made in its “Economic Outlook for Southeast Asia, China and India 2021: Reallocating […]
Following an almost full year of dramatic decline, the global marketing industry ended 2020 in growth
LONDON, Jan 29, 2021 – (ACN Newswire) – WARC has today released an annual review of its Global Marketing Index (GMI) over the 12 months of 2020. WARC’s GMI provides a unique monthly indicator of the state of the global marketing industry, by tracking and analysing current conditions among 1000+ marketers, including marketing budgets, trading […]