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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 second-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...

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Brazil’s Nubank jolts market with IPO, funky beats

Sao Paolo, Brazil—With 48 million clients, pop star Anitta on its board and a viral ad set to the beats of Brazilian funk, Nubank,...

Sitel clinches award for wellness program

Sitel Group, one of the largest global providers of customer experience products and solutions, was recognized as part of the 12th Asia CEO Awards...

New app to help PH seafaring sector

A startup application aims to help the Philippine seafaring industry select the right workforce that fits the requirements of foreign ship owners. Seafair, a tech...

ACE secures deal for 1,100-MW plant

ACE Exenor Inc., a company controlled by Ayala Group, signed an investment agreement with Buendia Christiana Holdings Corp., Red Holdings B.V., Batangas Clean Energy...

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