Manufacturing growth cools in Dec.

FACTORY PRODUCTION grew at its slowest pace in three months in December due to seasonal factors and a decline in trade performance, economists said. Preliminary results of the Philippine Statistics Authority’s (PSA) Monthly Integrated Survey of Selected Industries (MISSI) showed manufacturing, as measured by the volume of production index (VoPI), expanded by 4.8% year on […]

UN says strong domestic demand to support Philippine growth this year 

STRONG DOMESTIC DEMAND may help support Philippine economic growth this year despite a potential global recession, according to the United Nations (UN). “There’s still a fairly good outlook for the Philippines as a whole. What supports the Philippines’ performance is still a very strong domestic economy which allows growth to be supported from that angle,” […]

OECD urges more green investment in Southeast Asia

SOUTHEAST ASIA needs to undertake more green investment to minimize environmental footprints and promote sustainable development, the Organisation for Economic Co-operation and Development (OECD) said in a report. “Investment for green growth is central to the ASEAN Comprehensive Recovery Framework (ACRF) and needs to be scaled up significantly to advance sustainable development in the region, […]

Philippine growth best since 1976

By Luisa Maria Jacinta C. Jocson, Reporter THE PHILIPPINES weathered record inflation and interest rate increases last year by posting the fastest economic growth since 1976 — one of the strongest in Asia amid a dreary global outlook. Economic output grew by 7.2% in the three months through December from a year earlier, according to […]

PH hits 7.6% growth in 2022

AMID the global headwinds, the Philippine economy grew 7.6 percent in 2022, exceeding the government’s economic team target of 6.5 percent to 7.5 percent for the year. Fourth quarter growth stood at 7.2 percent. Among the major emerging economies in the region that have released their fourth-quarter 2022 real gross domestic product growth, the Philippines […]

Marcos claims PHL tagged as part of Asia’s ‘VIP Club’ in WEF

PRESIDENT Ferdinand R. Marcos, Jr. at the weekend touted that global business and political leaders have tagged the Philippines as part of a so-called “VIP Club” of Asia due to its economic performance, which the government hopes would translate to more foreign investments.  The Philippines’ participation in the World Economic Forum (WEF) in Davos, Switzerland […]

Philippines to stem ‘recessionary forces’

PRESIDENT Ferdinand R. Marcos, Jr. on Wednesday said the Philippines would resist global recessionary headwinds, but warned that increasing tensions in the South China Sea were harming trade. In a speech at the World Economic Forum’s (WEF) annual meeting in Davos, Switzerland, the president said he was bullish about the country’s economic prospects. “My belief […]

NewbornTown releases unaudited annual operating figures of 2022, achieving steady growth with localized operations

EQS Newswire / 17/01/2023 / 19:22 UTC+8 NewbornTown releases unaudited annual operating figures of 2022, achieving steady growth with localized operations On 17 January 2023, the Hong Kong listed company NewbornTown Inc. (SEHK: 9911) released the unaudited operating figures of 2022. For the year ended 31 December 2022, the Company’s total revenue is expected to […]

Fujitsu showcases new solutions that drive business growth and sustainable outcomes for retailers at NRF 2023

NEW YORK, Jan 13, 2023 – (JCN Newswire via – Fujitsu will introduce its lineup of retail solutions for a changing world at NRF 2023 – one of the world’s leading events for the retail industry. Fujitsu’s showcase will emphasize solutions that deliver value in three key areas: Customer experience, Keeping your costs down, […]

Policymaking in 2023

What can we expect from Ferdinand Marcos, Jr.’s administration in terms of policymaking in 2023? We can second-guess how the administration will conduct itself this year in two ways. The first is by examining how current conditions, global and national, will influence policy. The second is by reviewing actual behavior and performance of the Marcos […]