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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...

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Ayala Group seeks to feed 500,000 in Metro Manila 

Ayala Group’s #BrigadangAyala continues to reach out to vulnerable communities greatly affected by the extended lockdown due to the COVID-19 pandemic following a similar...

Seafaring platform set to launch in PH

A Greek startup application is about to help the Philippine seafaring industry select the right workforce that fits the requirements of foreign ship owners. Seafair,...

Proposed wealth tax likely to spark capital flight – DOF

Finance Secretary Carlos Dominguez III warned that a proposal in Congress seeking to impose a “super-rich” tax on individuals with assets exceeding P1 billion...

Infra projects to support rise of Pampanga megalopolis

Former President Gloria Macapagal-Arroyo is pushing for several infrastructure projects to support the rise of Pampanga Golden Triangle as the next megalopolis in Luzon. Arroyo,...

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