PH GDP growth projection cut

View in browser   |   Shop Inquirer August 30, 2023 PH GDP growth projection for ʼ23 cut on global woes Persistently weak global economic prospects and high prices of goods and services as well as ebbing consumer spending are expected to continue to weigh down Philippine output, such that it will grow much lower than previously forecast, according to GlobalSource Partners. By Ronnel W. Domingo Nickel industry proposes faster mining approval The Philippine Nickel Industry Association (PNIA) has proposed the creation of a one-stop shop to fast-track government approval of mining permits to just six months to a maximum of one year from the current processing period of as long as 10 years. The PNIA also expects the industry to supply at least 40 million wet metric tons (WMT) to as much as 51.65 million WMT of nickel ore to the global market this year, driven by increased demand for this metal, a component for the production of electric vehicle batteries.  By Jordeene B. Lagare Behavioral finance, the foundation of wealth building When it comes to building wealth, conventional wisdom often emphasizes strategies rooted in numbers, charts and economic theories. While financial knowledge and market insights are undeniably valuable, an often underestimated and yet profoundly influential factor is at play: behavioral finance.  By Randell Tiongson Like this email? Forward it to your friends and let them know that they can sign up here. BIZ BUZZ New blood at PAL​ Just three months after he was appointed president of PAL Holdings Inc., Lucio C. Tan III is wasting no time building a team of highly credentialed leaders for national flag carrier Philippine Airlines (PAL). By Tina Arceo-Dumlao INQUIRER PLUS-EXCLUSIVE Jica extends P5-B loan to PH for disaster resilience Malacañang has signed with Japan International Cooperation Agency a 30-billion-yen or about P5-billion soft loan to promote quick recovery and strengthen preparedness in times of disasters. Considering that about 20 typhoons hit the Philippines every year, JICA has been extending the Post-Disaster Standby Loan (PSDL) to provide funds following emergencies so that recovery and reconstruction will be faster. By Ronnel W. Domingo Try Inquirer Plus. Inquirer Plus is the digital version of the Philippine Daily Inquirer. Register for a 30-day trial for free to get access to Inquirer's fearless reporting, app-exclusive stories, and archives. REGISTER NOW Hi . Have feedback? We're happy to hear it. Give Suggestions newsletter@inquirer.com.ph © 2023 PHILIPPINE DAILY INQUIRER, Barangay Tejeros, Makati City, Philippines You are receiving this email because you are subscribed to Inquirer Newsletters. Unsubscribe anytime