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Louella Desiderio
Louella Desiderio
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Government completes 7 priority infrastructure in 2024
by Louella Desiderio - January 31, 2025 - 12:00am
The government has completed seven priority infrastructure projects under the infrastructure flagship project list as of last year, according to the National Economic and Development Authority.
ADB OKs $1 billion loan for labor, disaster plans
by Louella Desiderio - January 31, 2025 - 12:00am
The Asian Development Bank has approved a $1 billion policy-based loan to support the Philippine government’s efforts to improve the employability of the workforce and strengthen disaster resilience and ...
Economy grows by 5.6% in 2024
by Louella Desiderio - January 31, 2025 - 12:00am
The Philippine economy grew by 5.6 percent in 2024, below the government’s growth target as extreme weather disturbances, geopolitical tensions and weak global demand dampened economic activity in the last...
ECOP warns vs legislated wage hike consequences
by Louella Desiderio - January 31, 2025 - 12:00am
he proposed measure for a P200 across-the-board increase in the daily minimum wage of private sector workers is counterproductive and could have unwanted consequences on the economy, according to the country’s...
ECOP job creation program focuses on informal sector
by Louella Desiderio - January 30, 2025 - 12:00am
The country’s umbrella group of employers is reviving a job creation program that will include those in the informal sector.
South Korea consortium to help firms enter Philippines market
by Louella Desiderio - January 29, 2025 - 12:00am
South Korea has formed a consortium of public and private companies that will provide support to Korean companies looking to enter the Philippines’ urban development market.
Kia sales rev up in 2024
by Louella Desiderio - January 29, 2025 - 12:00am
Kia Philippines achieved its highest monthly sales in December last year, contributing to the 33 percent growth in its full-year 2024 sales.
DTI: Cognizant, Maersk, other firms eye Philippines expansion
by Louella Desiderio - January 29, 2025 - 12:00am
Information technology services firm Cognizant and transport and logistics firm A.P. Moller – Maersk are exploring investment opportunities in the Philippines, according to the Department of Trade and Ind...
Nestle investing P6 billion to boost Philippines operations
by Louella Desiderio - January 29, 2025 - 12:00am
Food and beverage giant Nestle Philippines Inc. is spending P6 billion until 2027 to enhance its operations, as well as support nutrition and sustainability initiatives in the country.
Amid inflation concerns, URC, Rebisco expect topline growth
by Louella Desiderio - January 29, 2025 - 12:00am
Snack food firms Universal Robina Corp. and Republic Biscuit Corp. are expecting to see growth in their top lines this year, but noted inflation remains a concern.
Q3 GDP growth kept at 5.2% – PSA
by Louella Desiderio - January 29, 2025 - 12:00am
The Philippine Statistics Authority kept the country’s economic growth rate in the third quarter at 5.2 percent, but said there were revisions in some sectors.
BCDA marks new era for Camp John Hay
by Louella Desiderio - January 29, 2025 - 12:00am
After years of legal battles between state-run Bases Conversion and Development Authority and Camp John Hay Development Corp. led by Robert Sobrepeña, Camp John Hay is entering a new era, with the government...
US removes coconut from allergen list
by Louella Desiderio - January 28, 2025 - 12:00am
The Philippines expects a boost in coconut exports following the US Food and Drug Administration’s removal of coconut from the list of tree nuts classified as major food allergens.
PEZA OKs P30 billion investments in January
by Louella Desiderio - January 28, 2025 - 12:00am
The Philippine Economic Zone Authority started the year on a high note, with investment approvals soaring by over 1,260 percent in January compared to the same period last year.
Ayala charges up EV ecosystem with $100 million ADB financing deal
by Louella Desiderio - January 28, 2025 - 12:00am
The Asian Development Bank and Ayala Corp. have signed a $100-million financing deal to support the development of an electric mobility system in the country.
BOI: P4.6 trillion investments pipelined in green lane
by Louella Desiderio - January 27, 2025 - 12:00am
The Board of Investments has certified P4.55 trillion worth of projects for green lane processing.
PEZA, BI partner for enhanced investor visa services
by Louella Desiderio - January 26, 2025 - 12:00am
The Philippine Economic Zone Authority and the Bureau of Immigration have signed a data sharing agreement to enhance investor visa services in line with efforts to facilitate trade and investments.
Packaging industry growth seen lagging GDP
by Louella Desiderio - January 26, 2025 - 12:00am
The Philippine packaging industry is expected to grow at a pace below the country’s gross domestic product due to high material costs.
NEDA expects continued poverty reduction
by Louella Desiderio - January 26, 2025 - 12:00am
Poverty incidence in the country is expected to continue to go down following improvements in the labor market performance and lower inflation last year, according to the National Economic and Development Autho...
Philippines to push for free trade deal with US
by Louella Desiderio - January 26, 2025 - 12:00am
The Philippines will actively push for a bilateral free trade agreement with the United States as it expects the administration of President Donald Trump to remain open to such a deal, according to the Department...
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