IMF: PHL economy to grow 6% in 2023; 5.5%-6% in 2024
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Buildings are seen along EDSA in Quezon City, July 3, 2022. — PHILIPPINE STAR/ MIGUEL DE GUZMAN MANILA – The International Monetary…
Philippine senator acquitted in illegal drug case
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PHILIPPINE STAR/ MICHAEL VARCAS A Philippine trial court on Friday dismissed one of the two remaining drug trafficking charges against Leila M….
Q1 GDP growth slowest in 2 years
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The Philippine economy grew by 6.4% in the first quarter, the slowest growth in two years. — PHILIPPINE STAR/ MICHAEL VARCAS By…
PHL debt now at 61% of GDP as of end-March
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REUTERS THE NATIONAL GOVERNMENT’S (NG) outstanding debt as a share of the gross domestic product (GDP) inched up to 61% as of…
Power rates up in May as generation charge rises
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Electricity rates will go up in May, according to the Manila Electric Co. (Meralco). — PHILIPPINE STAR/MICHAEL VARCAS RESIDENTIAL CUSTOMERS in areas…
PEZA approves P33B in investment pledges
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REUTERS THE PHILIPPINE Economic Zone Authority (PEZA) approved P33.09 billion worth of investments in the first four months of 2023, more than…
Converge income up 10% to P2B
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CONVERGE ICT Solutions, Inc.’s net income attributable to shareholders reached P2.17 billion in the first quarter, up by 10.2% from the P1.97…
2GO turns around, earns P187M as revenues rise
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LOGISTICS firm 2GO Group, Inc. posted P186.83 million in attributable net income in the first quarter, a reversal of the P34.9 million…
Global-Estate earnings surge 40%
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ANDREW L. TAN’S Global-Estate Resorts, Inc. (GERI) reported that its attributable net income for the first quarter rose by 40% to P479…
Megawide inks P3-B loan for Cebu market
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MEGAWIDE Construction Corp. has agreed to sponsor a P3-billion loan for its subsidiary to finance the Carbon Market mixed-use development in Cebu…