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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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DITO investing P50b to hit target this year

DITO Telecommunity Corp., a joint venture of Davao-businessman Dennis Uy and China Telecoms, said Thursday it is spending more than P50 billion to meet...

Sem-Calaca to appeal fines imposed by ERC

Sem-Calaca Power Corp. said Thursday it will file a motion for reconsideration with the Energy Regulatory Commission which slapped fines on the company for...

Stocks drop; SPNEC, Monde Nissin decline

Stocks retreated Thursday on profit taking after the benchmark index jumped to near two-year high the other day on looser COVID-19 restrictions. The Philippine Stock...

OPEC+ backs another modest oil output hike

LONDON, United Kingdom—Top oil-producing countries led by Saudi Arabia and Russia announced another modest increase in output on Wednesday despite soaring crude prices and...

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