In its Asia Pacific Economic Preview for the week covering August 8-12, 2022, Moody’s Analytics forecasts the sustained expansion of the Philippine economy at 8.8% in the second quarter
Category: Business
Razon firm inks Malampaya acquisition deal
A subsidiary of businessman Enrique Razon Jr.-led corporate group, Prime Infrastructure Capital (Prime Infra), has signed a share purchase agreement to formalize the acquisition of stakes in Malampaya gas
ADB hikes 2022 PH growth forecast
The Asian Development Bank (ADB), in its report released recently, forecasts the Philippine economy to grow faster than initially expected this year, following the relaxation of Covid-19 mobility restrictions in the country, the expansion of the Covid vaccination program, and a rebound in investment and household consumption.
BSP continuesly gains grounds in sustainable finance
The Bangko Sentral ng Pilipinas (BSP) continues to make progress in sustainable finance as it releases the third phase of regulations aimed at fostering wider adoption of sustainability principles in the domestic financial system.
P1.1-T investments, $4.3-B FDIs in manufacturing OK’d in 6 years
Department of Trade and Industry (DTI) Secretary Ramon Lopez said the Duterte administration has created a vibrant business environment in the last six years that helped attract investments in the manufacturing sector.
PEZA takes pride of recognitions for overall good performance
Pasay City – Under the Duterte administration and despite the threats and challenges of the pandemic, the effects of the Russian-Ukraine war, the global inflation, and recession, the Philippine Economic Zone Authority (PEZA) continuously attracts new investments and expansions of existing investors and ecozone developer-locators nationwide.
Go Negosyo founder urges BBM to prioritize support for MSMEs
Presidential Adviser for Entrepreneurship and Go Negosyo founder Joey Concepcion has urged the next administration of President-elect Ferdinand “Bongbong” Marcos to continue the support for micro, small and medium enterprises (MSMEs).
2 major global banks hike GDP forecast for PH
Two major global banks — HSBC and Standard Chartered Bank- have hiked their 2022 growth forecast for the Philippine economy following the higher-than-expected expansion in the first quarter, which is also the reason for the projected hikes in the central bank rates.
Gov’t provides generous perks for new tech investments
Under and through the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Law, the Philippine government now provides generous fiscal incentives for investments in new technologies.
PH GDP seen to remain strong despite Omicron factor
Philippine economic growth is projected to remain robust this year despite the hit from the Omicron variant in January given the strong job creation in December 2021 and the expected rise in infrastructure spending.
