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Finance chief optimistic of reaching 6% GDP growth target
Department of Finance (DOF) Secretary Benjamin Diokno said this year’s economic growth target is within reach, citing the government’s aggressive “catch-up” plans. “[The] 6.0 percent gross domestic product (GDP) growth target for 2023 remains achievab…
Recovering Duty Free PH posts $54.1M sales Jan-July
The Duty-Free Philippines Corporation (DFPC), an attached Department of Tourism (DOT) agency, has recorded USD54.1 million in sales for the first seven months of 2023. Based on its latest data released Aug. 11, the DFPC said the figure is 43.8 percent…
100M coconut seedlings project to start this August
The 100 million seedlings project of the Department of Agriculture (DA) and the Philippine Coconut Authority (PCA) is set to start this month. ‘The program is being promoted, and the guidelines are being drafted. I think as early as August it will sta…
PH seen to hit 1M vehicle sales before 2030
The Philippines could hit the 1-million mark in vehicle sales within the decade, Mitsubishi Motors Philippines Corp. (MMPC) president and chief executive officer Takeshi Hara said. At the press conference of MMPC’s 60th anniversary at the World Trade …
Stocks gain ahead of GDP data, peso ends sideways
The Philippine Stock Exchange index (PSEi) rose on Wednesday a day before the release of the second quarter 2023 gross domestic product (GDP) growth rate, while the peso closed sideways. The local bourse finished with 57.48 points increase to 6,530.45…