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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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Ayala keeps ‘constructive outlook’ on PH economy

CONGLOMERATE Ayala Corp. said Friday it maintains a “constructive outlook” on the economy even as it keeps a critical eye on interest rates and...

Filinvest aims for 20% annual earnings growth in next 5 years

Filinvest Development Corp. (FDC) of the Gotianun Group said Friday it is aiming to grow its earnings by an average of at least 20...

PNOC signs deal to start, develop PH aquavoltaic industry

State-run Philippine National Oil Co. (PNOC) signed a memorandum of understanding (MOU) with Moorfields Capital Pte. Ltd. on Thursday, marking the start of aquavoltaic...

SM Group works with industry, gov’t for climate action, low-carbon economy

The SM Group said it is advancing meaningful discourse on climate action and fostering partnerships aligned with efforts to support the country’s commitment to...

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