finance

Citing its Asian Development Outlook 2022 Supplement, the multilateral lender said the country”s economy as measured by gross domestic product (GDP) –the total value of goods and services produced in a country in a specific period– will grow by 6.5% in 2022.The ADB”s latest projection is an upgrade from the 6% growth it forecasted in April, when it released its flagship publication, the Asian Development Outlook.

Aboitiz-led Union Bank of the Philippines has commenced operations of its digital banking arm a week after it secured the Bangko Sentral ng Pilipinas” (BSP) green light.

Motorists may expect the trend of rollbacks in the pump prices of petroleum products to continue if the US, the world”s largest economy, will implement aggressive hikes in its interest rate, an official of the Department of Energy said Tuesday.

The Philippines is among the countries in Southeast Asia where smartphones are not affordable, according to a study by e-commerce aggregator iPrice Group.

The White House on said Monday it anticipates major oil producers in the OPEC+ alliance to increase crude production following President Joe Biden’s trip to the Middle East.

At least 14 foreign-assisted Department of Transportation projects worth P1.6 trillion were marred with delayed implementation, the Commission on Audit (COA) said.