PEOPLE cross Roxas Boulevard in Manila, May 1. — PHILIPPINE STAR/ MIGUEL DE GUZMAN By Abigail Marie P. Yraola, Researcher THE PHILIPPINE ECONOMY expanded by a better-than-expected 8.3% in the first quarter, surpassing the pre-pandemic output level as household spending surged amid the easing of coronavirus curbs. Preliminary data released by the Philippine Statistics Authority […]
THE peso may strengthen versus the greenback this week as analysts await the release of first-quarter economic growth data, although this could be offset by risk-off sentiment ahead of official election results. The local unit closed at P52.50 per dollar on Friday, weaker by 11.5 centavos from its P52.385 finish on Thursday, based on Bankers […]
A YEAR after it shrank due to the coronavirus disease (Covid-19) pandemic, the economy of Central Visayas grew by 5.4 percent in 2021 despite the battering it took from Typhoon Odette (Rai) last December.The Philippine Statistics Authority (PSA) on Thursday said all the 17 regions of the country recovered from the 2020 pandemic and registered […]
THE Philippine economy needs to grow above six percent annually in the next five to six years to reduce the country’s debt, Finance Secretary Carlos G. Dominguez III said on Thursday. “The biggest challenge for the next administration is really to grow out of the debt that we incurred during the pandemic, which was natural […]
Singapore, Apr 22, 2022 – (ACN Newswire via SEAPRWire.com) – Amidst skyscraping digitization drives in Southeast Asia, its digital economy is projected to hit $1 trillion by 2030. With colossal volumes of data being generated every second, the region is breeding a multi-billion-dollar Big Data Analytics industry. Taking cue from the above developments, all the […]
BPI AIA Life Assurance Corp. sees stronger growth this year as the economy continues to reopen and amid the government’s improved management of the pandemic. “We are very optimistic that the worst is over,” BPI AIA Chief Executive Officer Surendra Menon said. “Maybe fluctuations here and there, and we do not expect Alert [Level] 4 […]
LENDING GROWTH was faster in February as demand for credit among consumers and businesses increased amid rising economic activity. — BW FILE PHOTO BANK LENDING growth quickened further in February as credit for both businesses and consumers expanded during the month and as domestic liquidity recorded a steady rise. Outstanding loans by big banks rose […]
FACTORY gate prices continued to exhibit an increasing trend, the Philippine Statistics Authority (PSA) reported Wednesday, March 30, 2022.Data from the PSA showed that the Producer Price Index (PPI) for February accelerated by 4.4 percent, faster than the four percent upturn in January 2022.In the same period last year, PPI showed a decline of 5.6 […]
NEW YORK, Mar 25, 2022 – (ACN Newswire via SEAPRWire.com) – Deloitte’s United States Economic Forecast Q1 2022 examines the impact of the crisis in Ukraine, persisting inflation, and the lingering effects of COVID-19 on the US economy. The good news is that the US economy’s performance has been better than expected. People are getting […]
WASHINGTON — The war in Ukraine and massive sanctions against Russia have triggered a contraction in global trade, sending food and energy prices sharply higher and forcing the International Monetary Fund (IMF) to lower its global growth forecast next month, IMF Managing Director Kristalina Georgieva said on Thursday. The global lender had already lowered its […]
HONG KONG, Mar 2, 2022 – (ACN Newswire via SEAPRWire.com) – Hong Kong-based global power equipment and floorcare & cleaning company Techtronic Industries Co. Ltd. (“TTI” or the “Group”) (stock code: 669, ADR symbol: TTNDY) is pleased to report that 2021 was an extraordinary year for TTI with outstanding revenue and profit growth. The Group […]
GLOBE’S telehealth service providers KonsultaMD and HealthNow saw strong growth in 2021, boosting their respective user base as more Filipinos adopt digital solutions for their medical needs.“Our two digital health offers are also doing very well. KonsultaMD and HealthNow continue to fill the growing demand for access to healthcare during the pandemic,” said Globe president […]
HONG KONG, Feb 25, 2022 – (ACN Newswire via SEAPRWire.com) – Pentamaster International Limited (“PIL” or “the Group”) which is listed under the Main Board of The Stock Exchange of Hong Kong Limited announced its financial results for the year ended 31 December 2021 today. The Group hit a new record in its 2021 revenue, […]
OTTAWA, Canada and HSINCHU, Taiwan, R.O.C., Feb 23, 2022 – (ACN Newswire via SEAPRWire.com) – GaN Systems, the global leader in GaN power semiconductors, announced today it has expanded its Asia presence with a 3X increase in its operation in Taiwan. With a 3X growth in revenue from the many consumer electronics, electric vehicles, and […]
TOKYO, Feb 2, 2022 – (JCN Newswire via SEAPRWire.com) – Hitachi, Ltd. (TSE: 6501) today announced that as of April 1 2022 it will strengthen business structure in order to further evolve the Social Innovation Business and achieve growth with a focus on digital, environment and innovation in its next Mid-term Management Plan. 1. Accelerating […]
Good news is the Philippine economy’s 7.7 percent growth in the fourth quarter of 2021. This last quarter growth expanded the country’s gross domestic product (GDP) for the whole o…
SHARES were mixed in Asia on Monday, January 17, 2022 after China reported that its economy expanded at an 8.1 percent annual pace in 2021, though growth slowed to half that level…
ATTRACTING foreign investments will enable the Philippines to capture opportunities created by five key trends which could be an engine propelling its growth in the coming years, i…
HEALTH MAINTENANCE organization (HMO) profits declined in the third quarter after a surge in claims outweighed revenue growth, according to the Insurance Commission. The HMO industry posted a 40.87% decline in overall net profit to P4 billion in the third quarter. “This substantial decrease in the total net income is driven by the 11.95% increase […]
PHILIPPINE stocks declined on Tuesday as investors retreated to the sidelines amid weak US economic growth outlook for next year and the expected economic setback from the damage caused by Typhoon Odette. The bellwether Philippine Stocks Exchange index (PSEi) on Tuesday slid 70.55 points or 0.97% on Tuesday to close at 7,167.06, while the broader […]