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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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Lisa Cook, expert on economic scars of racism, now Biden’s Fed nominee

By Heather Scott WASHINGTON, United States—A researcher focused on how discrimination has harmed the American economy and the damage downturns do to the poor, Lisa...

India expects world-beating expansion on virus recovery

MUMBAI, India—India expects to lead the world in economic growth this year in a post-pandemic bounce-back, government forecasts showed Monday, but with expansion slowing...

US private hiring decreased 301,000 amid January Omicron surge, says survey

WASHINGTON, United States—Private US businesses shed 301,000 jobs last month as the Omicron variant of COVID-19 disrupted activity, payroll services firm ADP said Wednesday...

SMC unit offers lowest price to supply Meralco

South Premiere Power Corp., a company controlled by San Miguel Corp., offered the lowest bid to supply 170 megawatts of peaking power to Manila...

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