Fourth quarter 2018 GDP revised upward to 6.3%
April 4, 2019
The Philippine Statistics Authority ( PSA) said Thursday fourth quarter growth was revised upward from a gross domestic product ( GDP) growth of 6.1 percent to 6.3 percent. ”The PSA revises the GDP estimates based on an approved revision policy
Helicopter ride-sharing platform launched
April 3, 2019
Tech startup Ascent on Wednesday launched a pioneer helicopter ride-sharing platform to spare commuters from traffic. “Despite being one of the fastest growing business hubs in Southeast Asia, Manila’s traffic situation is also one of the most challenging in the
Stocks higher, peso surges
April 3, 2019
Philippine stocks closed higher while the peso gained 36 centavos to end at P52.08 against the US dollar on Wednesday. The Philippine Stock Exchange index finished at 7,895.06, up 15.85 points. In the broader market, there were 100 gainers, 99
ADB sees Philippine economy to grow 6.4% in 2019, 2020
April 3, 2019
The Philippine economy could expand by 6.4 percent this year and next year to be buoyed by investment and consumption, the Asian Development Bank (ADB) said on Wednesday. ADB Country Director for the Philippines Kelly Bird, in a press conference
Growth remains strong across most developing Asia: ADB
April 3, 2019
Growth remains strong across most of developing Asia but is set to moderate this year and next year against the backdrop of slowing global demand and persistent trade tensions, according to a new Asian Development Bank (ADB) report Wednesday. The
Cebu Pacific’s Clark-Narita route to begin August 9
April 2, 2019
Cebu Pacific continues to grow its hub in Clark as it is set to commence operation of its direct service to and from Narita, Japan. Cebu Pacific will be the first Philippine carrier to mount flights between Clark and Narita.
Stock index down, peso at P52.505:$1
April 1, 2019
Philippine stocks declined but the peso remained steady on Monday. The peso closed at P 52.505 against the US dollar from Friday. Volume at the foreign exchange portal of the Bankers Association of the Philippines amounted to $801.53 million from
World Bank slightly lowers 2019 growth forecast to 6.4%
April 1, 2019
The Philippine economy is poised to grow at 6.4 percent in 2019 and 6.5 percent in 2020 and 2021, according to the Philippines Economic Update(PEU) released Monday by the World Bank. These new estimates are lower than the previous World
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