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Wednesday, May 1, 2024

Business

IMF upgrades PH growth outlook

The International Monetary Fund (IMF) said Monday it revised upward its economic growth forecast for the Philippines this year and next. The IMF, in its April 2024 Regional Economic Outlook for Asia and Pacific, said the Philippine economy as measured by gross domestic product (GDP) is likely to grow 6.2 percent this year, up from its earlier forecast of 5.9 percent in October. It is within the government’s target range of...

Metrobank booked 14% increase in first-quarter net income to P12b

Metropolitan Bank & Trust Co. (Metrobank) said Tuesday its net earnings grew...

DOF supports partnership between BCDA, Maharlika fund to invest in Clark

The Department of Finance (DOF) expects the partnership between Maharlika Investment Corp....

April inflation seen hitting up to 4.3% on weak peso, high rice prices—BSP

The Bangko Sentral ng Pilipinas (BSP) said Tuesday it expects inflation for...

LATEST Business

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DMCI bagged P16.1-b worth of new construction projects in nine months

Construction company D.M. Consunji Inc. said Monday it bagged P16.1-billion worth of projects in the first nine months, boosting its total order book to...

Pag-IBIG Fund financed 17,268 socialized homes in first 10 months

Pag-IBIG Fund financed more than 17,000 socialized homes for low-income earners in the first 10 months, up by almost 50 percent from the previous...

Stocks close flat; Synergy, AllDay advance

Share prices closed flat Monday, with some investors buying back newly-listed shares that retreated in mild bargain hunting. The Philippine Stock Exchange Index added 2.1...

US fund makes ‘friendly’ proposal for Telecom Italia

Rome, Italy—Telecom Italia (TIM) confirmed Sunday it had received a “friendly,” non-binding expression of interest by US private equity fund KKR that values the...

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