Philippines may benefit from new globalization
February 11, 2021 | 12:32 am. THE PHILIPPINES could benefit substantially from the ongoing massive shift in global trade, with the services sector likely to see the most gains, the Asian Development Bank (ADB) said. While the coronavirus pandemic and lockdowns disrupted global economy and trade, the ADB said Asia should adopt stronger trade ...
Philippines’ top 1,000 companies post P16.7 trillion in revenues in ...
Jan 8, 2024 · Petron Corp. returned as the largest corporation in the Philippines in 2022, ending Manila Electric Co.’s (Meralco) two-year stint as the country’s top-grossing company. Petron, which last topped the list in 2019, posted P438.87 billion in gross revenue in 2022, which was an 82.1% increase from P240.94 billion the previous year.
Filipino students falling behind in reading, writing levels in ...
Dec 3, 2020 · Majority of Grade 5 students in the Philippines had a reading pro fi ciency level equivalent to that in the first years of primary school, with 27% of the students still at the level (the lowest in band scale of 2 and below to 6 and above) where they can only “match single words to an image of a familiar object or concept.”. Only 29% of grade 5 …
Top 1000 Corporations in the Philippines - BusinessWorld Online
Sep 4, 2023 · Part of what makes Top 1000 a reliable source that the Philippine business community awaits each year is the rigorous and thorough methodology the publication utilizes in every issue.. The financial data used in the magazine, both for the parent companies and conglomerates, are gathered from stock corporations’ audited financial statements (AFS) that were submitted to the Securities and ...
Central bank approves BPI sale of stake in GoTyme Bank
Oct 11, 2024 · THE BANGKO SENTRAL ng Pilipinas (BSP) has approved Bank of the Philippine Islands’ (BPI) sale of its shares in GoTyme Bank, which it gained from its merger with Robinsons Bank Corp. (RBC). “Please be advised that in its Resolution No. 1145 dated Oct. 3, the (BSP) approved the sale of BPI’s shareholdings in GoTyme Bank Corp. in favor of GoTyme Financial Pte. Ltd. and Giga Investment ...
Meralco: AboitizPower unit leads 400-MW bid - BusinessWorld …
Oct 2, 2024 · A UNIT of Aboitiz Power Corp. (AboitizPower) will undergo post-qualification evaluation after submitting the lowest bid for Manila Electric Co.’s (Meralco) 400-megawatt (MW) supply contract, the power distributor announced on Tuesday. GNPower Dinginin Ltd. Co. (GNPD) offered to supply the 400-MW mid-merit requirement at P7.6816 per kilowatt-hour (kWh) during Tuesday’s bid opening. Other ...
WB raises PHL’s 2024, 2025 growth forecasts - BusinessWorld Online
Oct 9, 2024 · The lender’s growth forecasts for the Philippines are at the low end of the government’s target of 6-7% for 2024 and below the 6.5-7.5% goal for next year. The Philippine economy grew by 6.3% in the second quarter, faster than 5.8% in the previous quarter and 4.3% a year ago. In the first half, growth averaged 6%.
Philippines rises in 2024 Asia Power Index - BusinessWorld Online
September 24, 2024 | 12:00 am. The Philippines went up a notch to 15th out of 27 countries and territories in the 2024 Asia Power Index by the Lowy Institute. With an overall score of 14.7 points out of 100, the country was classified as a “middle power” in the region. The index measures resources and influence to rank the relative power ...
Inflation on track to fall within target — World Bank
Oct 4, 2024 · “The balance of risks to the outlook has shifted toward the downside given expected reductions in rice prices as more imports arrive under the reduced tari f f regime,” the World Bank said.. An executive order cutting tari f fs on rice to 15% from 35% took effect in July. This helped rice in f lation ease to 14.7% in August from 20.9% in …
New Cavite economic zones expecting four locators
Sep 30, 2024 · THE Philippine Economic Zone Authority (PEZA) said on Monday that four companies are set to locate in the two newly proclaimed economic zones (ecozones) in Cavite. In a statement, the investment promotion agency said that the ecozones proclaimed through Proclamation Nos. 669 and 677 have an estimated project cost of P723 million.