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Philippines
Tuesday, May 28, 2024

Economy & Trade

PH seen becoming 13th biggest market by 2030

The Philippines is seen becoming the world’s 13th biggest consumer market by 2030, fueled by a growing middle class, Finance Secretary Ralph Recto said Monday. Recto said more Filipinos are engaged in the formal and stable jobs, an indication of an expanding middle class and reinforcing the Philippines’ path towards becoming an upper-middle-income country next year. “This expansion is seen to rapidly raise the country’s average income per person, nearly doubling...

PEZA concludes investment mission to Germany

The Philippine Economic Zone Authority (PEZA) recently concluded a successful investment mission...

Cebu proposes creative district, seeks to attract P10-b investments

Cebu City is eyeing a P10-billion investment for its creative district. The Cebu...

Queen Máxima visits Talim Island, emphasizes need for access to finance

The Bangko Sentral ng Pilipinas (BSP) team joined Queen Máxima of the...

LATEST Economy & Trade

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SteelAsia exports P1.80-b steel bars for Canadian railway

COMPOSTELA, Cebu—SteelAsia Manufacturing Corp. said Thursday it exported P1.8 billion worth of high-strength steel bars to a Canadian railway system based in Vancouver. “We really...

Domestic trade value surged 47% to P389b in first quarter

The value of domestic trade in the Philippines surged 46.7 percent in the first quarter of 2024 from a year ago, the Philippine Statistics...

AIIB approves P64-billion loan for Bataan-Cavite Interlink Bridge Project

The Asian Infrastructure Investment Bank (AIIB) said Friday it approved a loan of up to P64 billion for the construction of the Bataan-Cavite Interlink...

Gov’t seeks to diversify growth drivers

The National Economic and Development Authority (NEDA) said the Philippines should diversify its sources of growth to ensure the sustainability and inclusivity of economic...

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