Tag: Economic Growth
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La Union’s New P34.5-M Bridge Enhances Local Connectivity and Economic Growth
In a significant development for La Union, a new PHP34.5-million bridge in Tubao town was inaugurated on February 5, 2025, by Governor Raphaelle Veronica Ortega-David. The 30-meter long bridge, which boasts a 306-meter by 6.1-meter pavement, is designed to improve safety and efficiency for both residents and local businesses. Construction of the bridge commenced on…
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La Union Unveils P34.5-Million Bridge to Enhance Local Connectivity and Economy
In a significant development for La Union, a new PHP34.5-million bridge in Tubao town was inaugurated on February 5, 2025, by Governor Raphaelle Veronica Ortega-David. The 30-meter long bridge, which spans 306 meters by 6.1 meters in pavement, is designed to improve connectivity and stimulate economic growth in the region. The bridge, which began construction…
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Panagbenga Festival Fuels Baguio’s Economic and Tourism Surge
The Panagbenga Festival, a vibrant annual event in Baguio City, significantly enhances the local economy and attracts a surge of tourists. The Baguio Flower Festival Foundation, in partnership with community groups, recently held a press conference to discuss the festival’s impact, which is set to commence on February 1, 2025. The festival not only boosts…
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Panagbenga Festival Fuels Baguio’s Economic Surge and Tourism Boom
The Panagbenga Festival, a vibrant annual event in Baguio City, significantly enhances the local economy and draws a surge of tourists. The Baguio Flower Festival Foundation, in partnership with community organizations, recently held a press conference to discuss the festival’s impact, which is set to commence on February 1, 2025. The festival not only stimulates…
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BMI Forecasts Robust Growth in Philippine Consumer Spending
MANILA – BMI, a subsidiary of Fitch Solutions, anticipates a robust increase in consumer spending throughout the current year, fueled by the country’s strong economic performance. The firm projects a rise in real household spending from 5.0 percent in 2024 to 5.3 percent in 2025, according to a report released on Thursday. BMI estimates that…
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Finance Secretary Optimistic About Economic Growth as Inflation Stays Low
Finance Secretary Ralph Recto expressed optimism about the Philippine economy’s future, citing the country’s stable inflation rate as a key factor that could lead to further interest rate cuts by the Bangko Sentral ng Pilipinas (BSP). According to the Philippine Statistics Authority, the nation’s headline inflation held steady at 2.9 percent, while core inflation, which…
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Senate Urges Swift Action on Wage Increase Bill Amid Rising Living Costs
In a strong push for economic relief, Senate Deputy Minority Leader Risa Hontiveros has joined the chorus urging the government to expedite the passage of a wage hike bill, emphasizing the urgency due to escalating living expenses. Hontiveros highlighted that any further delay in increasing wages would exacerbate poverty among Filipino families, as their earnings…
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