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IMF cuts 2022, 2023 growth forecast for Philippines

THE International Monetary Fund (IMF) on Monday (Sep 26) slashed its growth forecasts for the Philippines for this year and next to reflect the impact of a global economic slowdown and tightening financial conditions. The IMF said economic growth in the South-east Asian country this year would hit 6.5 per cent, weaker than its previous […]

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Philippines: Meralco expects 6% growth in Q3 energy sales

MANILA, Philippines — The Manila Electric Co. (Meralco) expects a six percent growth in energy sales for the third quarter, buoyed by the recovery of the commercial sector. Meralco first vice president and chief commercial officer customer retail services Ferdinand Geluz said the company’s energy sales during the months of July, August, and September recorded […]

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