The Philippine economy grew by 6.4% in the first quarter, the slowest growth in two years. — PHILIPPINE STAR/ MICHAEL VARCASBy Luisa Maria Jacinta C. Jocson, ReporterTHE PHILIPPINE ECONOMY grew by 6.4% in the first quarter, the slowest in two years as elevated inflation and

REUTERSTHE NATIONAL GOVERNMENT’S (NG) outstanding debt as a share of the gross domestic product (GDP) inched up to 61% as of end-March.Data from the Bureau of the Treasury (BTr) showed that the latest quarterly debt-to-GDP ratio was slightly higher than the 60.9% seen as of

Electricity rates will go up in May, according to the Manila Electric Co. (Meralco). — PHILIPPINE STAR/MICHAEL VARCASRESIDENTIAL CUSTOMERS in areas served by Manila Electric Co. (Meralco) will see higher power bills this month due to the increase in the generation charge.Meralco in a statement

REUTERSTHE PHILIPPINE Economic Zone Authority (PEZA) approved P33.09 billion worth of investments in the first four months of 2023, more than double the investments approved a year ago. “From January to April 2023, PEZA has approved a total of 60 new and expansion projects worth

CONVERGE ICT Solutions, Inc.’s net income attributable to shareholders reached P2.17 billion in the first quarter, up by 10.2% from the P1.97 billion it posted in 2022.The company’s top line rose to P8.64 billion from January to March, an increase of 11.5% from the P7.75

LOGISTICS firm 2GO Group, Inc. posted P186.83 million in attributable net income in the first quarter, a reversal of the P34.9 million net loss it incurred in the same period last year. In the three months ending March, the company’s top line reached P5.16 billion,

ANDREW L. TAN’S Global-Estate Resorts, Inc. (GERI) reported that its attributable net income for the first quarter rose by 40% to P479 million from the previous year’s P343 million.“Our strong start to the year raises our confidence that we are on track to hit new

MEGAWIDE Construction Corp. has agreed to sponsor a P3-billion loan for its subsidiary to finance the Carbon Market mixed-use development in Cebu City.In a regulatory filing on Thursday, Megawide said that it had executed on May 10 an omnibus loan and security agreement with its

BALAI NI FRUITAS, INC. booked a 62% increase in net income for the first quarter to P9.6 million from the P6 million reported the prior year, the company said on Thursday.“Our year has been off to a fantastic start. The commitment and effort of our