May 29, 2023
PHILIPPINA Cashtrout Lending Corp. (PCLC) expects the country’s economic growth, improved technological landscape and more digitally savvy people to double the user base of its Cashoyo, Mocasa and Pesomio online lending platforms. “We see our target user base as of now at 113 million,” Mocasa COO Julien Chien told BusinessMirror on the sidelines of the
READ MORETo Estimated risk per 05/25/2023 8:40:00 AM From BEA: Gross Domestic Product (Second Estimate), Corporate Profit (Provisional), Q1 2023 Real gross domestic product (GDP) increased by annual rate of 1.3 percent in the first quarter of 2023, according to the “second” estimate published by the Bureau of Economic Analysis. In the fourth quarter, real GDP
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VILLAR-LED companies reported positive first quarter results based on financial statements released on Tuesday. All Day Marts Inc. reported that its net profit for this period was 88.57 million pesos, in contrast to the net loss of 75.58 million pesos seen a year earlier. AllDay and AllHome were among the outlets in Alabang, Muntinlupa that
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ECONOMIC growth could slow to 5.8 percent in the second quarter of this year as still-high inflation limits consumer spending, private sector economists say. “We expect a slight slowdown in the second quarter (second quarter) of about 0.5 percentage points or just below 6% year on year,” First Metro Investment Corp. said in a statement.
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According to three sources, Chinese hackers attacked the Kenyan government in a wide-ranging, multi-year series of digital intrusions into key ministries and government agencies. Information Security research reports and Reuters own analysis of technical data related to the hack. According to two sources, the hack was aimed, at least in part, to obtain information about
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The CurrentBody Skin LED hair regrowth device is a non-invasive solution for consumers suffering from hair loss or thinning hair to help them combat this in a simple yet effective way. The helmet-shaped device is equipped with a series of 120 LEDs that illuminate the entire scalp and provide Low Level Light Therapy (LLLT) exactly
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The Governor of the Bank of England acknowledged that “very important lessons” need to be learned in setting monetary policy after the central bank failed to forecast the recent rise and persistence of inflation. Along with other members of the Bank of England’s Monetary Policy Committee, Andrew Bailey told a House of Commons Treasury select
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Delivery co-founder and CEO Sahil Barua said in an earnings call that he expects the online commerce sector to grow by around 15-20% amid slowing demand. The e-commerce industry has been hit by the post-pandemic downturn, rising inflation and the return of offline stores. ET reported on May 11 that the growth of purchases on
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Bank of England officials are hopeful that the gap between higher prices and wages will narrow soon as official data on Wednesday should show a significant decline in headline inflation. The central bank expects annual consumer price inflation to fall by almost 2 percentage points from 10.1% in March to 8.4% in April and fall
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If you are of the conventional wisdom about income trends over the past few decades, you know that almost all of the gains from economic growth have gone to those at the very top of the income distribution. The super rich were getting super rich and they left us to deal with our stagnating incomes.
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