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Friday, March 29, 2024

Economy & Trade

Economists see first-quarter growth at 6.1%

Economists at First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P) said the Philippine economy would likely grow above 6 percent in the first quarter of 2024, driven by higher government infrastructure spending. “The economy looks set to accelerate in 2024, with Q1 GDP estimated at 6.1 percent as infrastructure spending goes into high gear with the National Government (NG), buoyed by ODA funding,...

Renewed FTA talks to bring in more European investors — PEZA

The Philippine Economic Zone Authority (PEZA) expressed optimism on attracting more European...

Gov’t, business leaders welcome Blinken’s bid to deepen bilateral ties

Private sector leaders expressed their full support to President Ferdinand Marcos Jr....

BOI: PH enjoys strategic advantage as regional hub for green metals

The Philippines showcased its strategic advantage as a regional hub for innovation...

LATEST Economy & Trade

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How do interest rates affect consumers and the real economy?

PARIS, France—Faced with the highest inflation in four decades, central banks in the United States, eurozone and UK are hiking interest rates in order...

US Fed raises borrowing cost by 75 basis points—biggest hike since 1994

WASHINGTON, United States—The US Federal Reserve announced the most aggressive interest rate increase in nearly 30 years  on Wednesday, and said it is prepared...

May car sales climbed 19.5% to 26,370 units

Vehicle sales rose 19.5 percent in May to 26,370 units from 22,062 units in the same month last year, two industry groups said Wednesday. The...

PH improves four places to 48th most competitive economy in ‘22

The Philippines climbed four spots from 52nd to 48th place in the 2022 World Competitiveness Ranking, the second sharpest rise in Asia Pacific, despite...

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