Below-target growth likely this year
People flock to Divisoria, Oct. 12, 2024. — PHILIPPINE STAR/RYAN BALDEMORTHE PHILIPPINES’ gross domestic product (GDP) growth will likely settle below the 6-7% target range this year, analysts said.“The economy is in need of further support. Looking forward, fiscal tightening
Delays in VAT rebates dampen net inflows of FDI to the Philippines
A Philippine flag is seen along Aguinaldo Highway in Imus City. — PHILIPPINE STAR/EDD GUMBANTHE PHILIPPINES posted the fourth-highest net inflows of foreign direct investments (FDIs) in Southeast Asia, although this may have been dampened by delays in value-added tax
PSE seen to miss IPO target
BW FILE PHOTOBy Revin Mikhael D. Ochave, ReporterTHE PHILIPPINE Stock Exchange (PSE) will likely miss its target of six initial public offerings (IPOs) this year, as analysts expect better market conditions in 2025.“This year, definitely there’s not enough time remaining
Philippines is least exposed to China’s economy — Nomura
A view of the financial district of Pudong is seen through a hole on a bridge in Shanghai, China, Sept. 27, 2024. — REUTERSTHE PHILIPPINES is the least exposed to China’s economy, potentially limiting the impact of the latter’s stimulus
Megaworld earmarks P15B for 84-hectare Ilocandia Coastown
INVEST.ILOCOSNORTE.GOV.PHLISTED property developer Megaworld Corp. is allotting P15 billion to develop a township in Laoag City, Ilocos Norte, over the next 10 years, marking the company’s first property development in Northern Luzon.The company is developing the 84-hectare Ilocandia Coastown mixed-use