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Philippines
Tuesday, April 23, 2024

Economy & Trade

First-quarter vehicle sales climbed 12.7% to 109,606

Car sales in the Philippines increased 12.7 percent year-on-year in the first quarter of 2024, two industry groups said Monday. The Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and the Truck Manufacturers Association (TMA) said in a joint report their members sold 109,606 units from January to March this year. This represented an increase from 97,284 units they delivered in the same period in 2023. “Year-to-date sales performance was driven...

PEZA approves P30b worth of investments

The Philippine Economic Zone Authority (PEZA) said Monday it approved P30 billion...

BCDA bullish on Luzon economic corridor, other projects with US, Japan endorsement

State-run Bases Conversion and Development Authority expressed optimism on the growth of...

Car sales jumped 12.7% in first quarter

Car sales in the Philippines jumped 12.7 percent year-on-year in the first...

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US inflation accelerated to 3.5% in March, dampening interest rate cut hopes

Washington—US consumer inflation continued to accelerate last month, according to government data published Wednesday, reducing the chances of an early interest rate cut from...

February exports, imports surged

Philippine exports and imports surged in February 2024, marking their fastest growth in 16 months, according to the Philippine Statistics Authority (PSA). The PSA said...

ADB predicts stronger PH growth, slower inflation in 2024

The Asian Development Bank (ADB) predicted stronger economic growth for the Philippines this year and next, fueled by easing inflation, rising domestic demand and...

E-commerce roadmap to promote PH products

The Department of Trade and Industry (DTI) discussed the strategies to implement the E-Commerce Philippines 2024-2028 Roadmap that aims to link local products to...

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