December 6, 2023
CHINA’S logistics sector grew more quickly in November, as the economy remained on a recovery trajectory and high-quality development gained momentum. The index tracking the logistics market stood at 53.3 last month, up 0.4 points from October. The warehouse storage index was 52.2, up 1.3 points month on month, according to data released by the
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THE Philippine Chamber of Agriculture and Food Inc. (PCAFI) has proposed a higher budget and support from the government for the local dairy industry, noting the potential of the sector for economic growth. In a memorandum submitted by the chamber to the Department of Agriculture (DA), PCAFI noted that the sector recorded the highest performance
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THE Department of Trade and Industry (DTI) has partnered with Ayala Malls and Singapore-based company SeeMeCV Pte. Ltd. to boost the country’s creative industry. “What we are pursuing in the DTI, we are doing in partnership with the private sector to make sure that first of all we have a partner in supporting financially the
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TRADE and Industry Secretary Alfredo Pascual highlighted the Philippines’ export-enabling environment, which is necessary to seize the opportunities in the global market. Speaking at the opening ceremony of the National Exporters’ Week (NEW) 2023 in Pasay City on Monday, Pascual noted the various programs and activities prepared by the Department of Trade and Industry (DTI)
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Domestic rating agency Icra on Monday said the Indian IT sector‘s revenue growth will inch up to over 6 per cent in 2024-25 from 3-5 per cent estimated for the ongoing financial year. The slower growth will have an impact on the hiring plans, the agency said, adding that staff addition will continue to remain
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THE Department of Energy (DoE) welcomes the BloombergNEF Climate 2023 report that designated the Philippines as among the top 5 most attractive emerging markets for investments in the power sector. The report released on Nov. 29, 2023, said the Philippines moved up six places from 2022 to number 4 in 2023, with India, China and
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We all spent the lengthy Covid-19 lockdowns playing Candy Crush or Ludo King on our phones. In doing so, we helped the gaming industry go from something nifty to kill time with to a $3-billion omnipresent behemoth. In fact, it’s pegged to reach $7.5 billion worldwide in the next five years. In India, the sector
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PRIVATE companies from Malaysia and China showed interest in investing in the Philippine crop sector as part of their market diversification strategy, the Department of Agriculture (DA) said on Thursday. The DA said the companies expressed their interest during the Asian Seed Congress 2023 held in Christchurch, New Zealand, on November 24. It was attended
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For nonfinancial corporate business sector, using price per unit real gross value added. Figure 1: Quarter-on-quarter inflation of price of gross value added (black line), contribution of unit labor costs (blue bar), of non-labor unit costs (brown), and of profits (green). NBER defined recession dates shaded gray. Source: BEA 2023Q3 2nd release, Table 1.15, NBER,
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BEIJING: Beijing will promote wider opening-up of the services sector under the guidance of a work plan designed to support it in deepening the construction of the Integrated National Demonstration Zone for Opening up the Services Sector. Since Beijing became the country’s first Integrated National Demonstration Zone for Opening up the Services Sector in 2020,
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