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 […]
Tag: growth
Shares drop further as IMF cuts growth outlook
PHILIPPINE shares declined on Wednesday after the International Monetary Fund (IMF) lowered its economic growth outlook for the country and as investors remained cautious ahead of the announcement of new quarantine restrictions. The Philippine Stock Exchange index (PSEi) lost 38.90 points or 0.54% to close at 7,068.92 on Wednesday, while the broader all shares index […]
Society Pass (SoPa) Announces close of Series C funding to accelerate growth in Southeast Asia
HANOI, Vietnam, Sep 29, 2021 – (ACN Newswire via SEAPRWire.com) – Society Pass (SoPa), Vietnam’s leading data-driven loyalty platform, has closed a Series C funding round. With the new funds, Society Pass will look to accelerate its growth and acquisition strategy in Southeast & South Asia, particularly acquiring companies with the existing user and merchant […]
Metro Manila retail price growth slowest in five months in July
RETAIL PRICE growth of general goods in the National Capital Region eased to its slowest pace in five months in July, the Philippine Statistics Authority (PSA) reported on Friday. The general retail price index (GPRI) registered a 1.8% growth in July, decelerating from the 2% rise in June but faster than the 1.5% a year ago. The July performance marked […]
PHL expected to miss official growth targets due to extended lockdowns
PHILIPPINE ECONOMIC growth is expected to come in below the growth targets set by the government with a performance of 3.5% this year and 6.5% in 2022, due to the continued lockdowns, GlobalSource Partners said. GlobalSource, a macroeconomic and geopolitical risk research house, said it has reduced its gross domestic product growth forecast for 2021 […]
Imported liquor market forecast at P50 billion
THE MARKET for imported spirits in the Philippines has been estimated at up to P50 billion at retail prices by 2025, The Keepers Holdings, Inc. (KEEPRS) said, citing a global report. The trend would imply a market share for imported spirits segment of about 35%, and a 14.9% compound annual growth rate (CAGR) between 2021 […]
Techtronic Industries Delivers Exceptional First Half Sales Growth
HONG KONG, Aug 11, 2021 – (ACN Newswire via SEAPRWire.com) – Hong Kong-based global power equipment and floorcare company Techtronic Industries Co. Ltd. (“TTI” or the “Group”) (stock code: 669, ADR symbol: TTNDY) announced its results for the six months ended June 30, 2021. The Group delivered extraordinary results for the first half of 2021, […]
Philippine manufacturing production rises for third month in a row
The country’s factory output sustained its rebound for the third straight month in June, the Philippine Statistics Authority (PSA) reported on Friday. Preliminary results from the PSA’s latest Monthly Integrated Survey of Selected Industries showed the volume of production index surging by 453.1% year on year in June, faster than the revised 263.2% annual growth […]
Crisis tested extractive industries’ resiliency, official says
THE EXTRACTIVE industries were tested by the sharp decline in demand caused by the pandemic, which put the sector’s traditional resiliency to the test, a finance department official said. During the eighth National Conference of the Philippine Extractive Industries Transparency Initiative Thursday, Finance Assistant Secretary Maria Teresa S. Habitan said the shock was so great […]
IT-BPM stakeholders cautiously optimistic about industry growth, cite action plans
INDUSTRY stakeholders in Cebu’s information technology-business process management (IT-BPM) space are anticipating industry growth amid a pandemic-stricken business environment. Forecasts of the IT and Business Process Association of the Philippines point to US$30 billion in revenues and increased headcount to 1.5 million full-time employees by end of 2022 despite the scarring effects of the pandemic […]
TV5 registers nationwide viewership growth
TV5 has shown viewership growth nationwide according to the latest Nielsen ratings. The ratings company said that TV5’s performance has been on a consistent uptrend, with its weekday primetime block growing from a 5.3 audience share in January to 12.9 as of end June, and its weekend primetime improving from a 4.2 audience share to […]
PH exports post 29.8% growth in May
THE Philippine exports have led the way to the continued expansion of global trade, spurred on by the gradual opening of major economies abroad as it contributed US$5.89 billion to total trade, or a 29.8 percent growth for May 2021, over the previous year’s $4.54 billion. This effectively shrunk the balance of trade by $329.9 […]
Wholesale prices of general goods fastest in 14 months — PSA
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 […]
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 […]