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Saturday, April 27, 2024

Business

Private sector economists see first-quarter growth hitting 6.2%

The Philippine economy likely grew 6.2 percent year-on-year in the first quarter of 2024, according to economists belonging to the University of Asia and the Pacific and First Metro Investments Corp. “Bolstered by robust economic data for February, we have become a little cautiously optimistic about the economic rebound. We expect GDP to expand by 6.2 percent in Q1, an upward revision from our previous forecast of 6.1 percent,” the...

NEDA approves new guidelines on PPP proposals

The National Economic and Development Authority (NEDA) Board approved the new guidelines...

Cemex PH’s stock plummets 28% after DMCI’s acquisition announcement

The share price of Cemex Holdings Philippines Inc. (CHP) plunged on Friday...

Robinsons Retail’s first-quarter income hit P5.1b after sale of stake in bank unit

Robinsons Retail Holdings Inc. (RRHI) of the Gokongwei Group said Friday its...

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2GO Group adds new vessel to its fleet

2GO Group Inc. on Friday inaugurated its latest addition to its fleet—the MV 2GO Masigla, signifying its commitment to elevating the local sea travel...

Peso rebounds to 57.71 a dollar

The Philippine peso slightly rebounded to 57.71 against the US dollar Friday from a 17-month low of 57.78 Thursday on increased trading volume. Data from...

MetroCas declared economic zone

The Philippine Economic Zone Authority (PEZA) proclaimed MetroCas Industrial Estates in Cavite as a special economic zone. PEZA said the proclamation signifies a monumental step...

PDIC appoints new independent directors

Philippine Deposit Insurance Corp. (PDIC) chairperson and Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. administered the oath of office of directors John...

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