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Philippines
Thursday, April 25, 2024

Economy & Trade

Consumers warned vs. substandard products

The Department of Trade and Industry (DTI) and the private sector are working closely to safeguard consumers and the construction materials stakeholders against substandard products. DTI assistant secretary for consumer protection group (CPG) Amanda Nograles said the agency is working closely with industry groups involved in the manufacture of wood, glass, steel and cement. She noted reports of houses that were readily knocked down after a few years because they were...

Lazada to continue support for Filipino entrepreneurs

Lazada Philippines renewed its commitment to support the growth of Philippine entrepreneurship. “What...

GAC Motor reports 274% sales growth

Chinese mobility company GAC Motor concluded the first quarter of 2024 with...

NZ companies eye PH consumer market

New Zealand companies are eyeing the Philippines’ 117 million-strong consumer market, following...

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Bank loans expanded 12% in June, reflecting faster economic activity

Bank loans grew at a faster pace of 12 percent in June compared to the 10.7-percent expansion in May, on higher demand for credit...

China’s July factory activity fell on soft demand

Beijing, China—China’s manufacturing activity logged a surprise drop in July, official data showed Sunday, on the back of weak demand and as strict zero-Covid...

UK bank maintains 8% growth forecast

Standard Chartered Bank on Friday maintained its gross domestic product growth forecast of 8 percent for the Philippines this year. The bank, however, said in...

US recession fears deepen as economy shrinks again

WASHINGTON, United States—The US economy contracted for a second straight quarter between April and June, according to official data released Thursday, adding fuel to...

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