OECD cuts PH 2023 growth forecast

View in browser   |   Shop Inquirer September 5, 2023 OECD cuts PH 2023 growth forecast to 5.6% The Philippine economy may grow in 2023 at a slightly slower pace than earlier forecast, now 5.6 percent from the 5.7 percent expected in March, as high interest rates may ease pent-up demand for goods and services, according to the OECD Development Center. By Ronnel W. Domingo DOTr goal by 2027: Pedestrian-friendly Edsa The Edsa Greenways Project—a 5-kilometer elevated walkway traversing Metro Manila's busiest thoroughfare—is slated to start construction by next year, according to the Department of Transportation (DOTr), in line with its initiative to promote active transport.  By Tyrone Jasper C. Piad Business groups' activism Several reputable business organizations in the country had recently aired their views on some important issues of the day. And rightly so. When Ombudsman Samuel Martires ordered the dismissal of the top executives of the Manila International Airport Authority for illegal reassignment of employees, the Makati Business Club, Philippine Chamber of Commerce and Industry (PCCI), Philippine Exporters Confederation, Inc., Employers Confederation of the Philippines and other business groups called on him to reverse his decision. By Raul J. Palabrica Like this email? Forward it to your friends and let them know that they can sign up here. BIZ BUZZ Ferrari race track in Bulacan Last week's reentry of the supercar maker Ferrari into the Philippines was met with excitement by the local community of automobile enthusiasts, but also some questions, which the head honcho of official distributor Velocita Motors, Ramon Ang, himself answered. By Daxim L. Lucas INQUIRER PLUS-EXCLUSIVE PH metal output value up 8% in H1 Philippine metal production value grew by 8.06 percent to P123.07 billion in the first half of this year, driven by nickel and gold mining, the Mines and Geosciences Bureau (MGB) said.  By Jordeene B. Lagare 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