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Philippines
Saturday, April 27, 2024

Economy & Trade

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...

Ayala keeps ‘constructive outlook’ on PH economy

CONGLOMERATE Ayala Corp. said Friday it maintains a “constructive outlook” on the...

NEDA board approves basic education plan, 2 other projects

The National Economic and Development Authority (NEDA) Board approved three key initiatives...

Stocks advance; peso dips to 57.78 a dollar

Stocks rose, but the Philippine peso fell to a new 17-month low...

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UK to grant duty-free access to PH products

The Philippines will be eligible for duty-free access for over 99 percent of exported goods to the United Kingdom, saving around P1.4 billion in...

More interest rate hikes are coming — Fed

WASHINGTON, United States—US central bankers remain committed to raising interest rates further to quell rising prices, but agreed it would be appropriate to slow...

Britain’s workers strike as surging inflation crushes earnings

By Olivier Devos LONDON, United Kingdom—Railway and postal staff, dockers too. Britain’s workers are striking in vast numbers as decades-high inflation erodes the value of...

US, Taiwan set formal trade talks in early autumn

WASHINGTON, United States—The United States and Taiwan announced on Wednesday objectives for trade negotiations set for the early autumn in another step to boost...

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