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Philippines tweaks 2024 GDP growth target, revises outlook for 2025-2028

Published Mon, Dec 2, 2024 · 07:34 PM

THE Philippines has narrowed its economic growth target for 2024 to a range of 6 to 6.5 per cent, down from a top end of 7 per cent previously, and revised its outlook through 2028 amid domestic and external uncertainties, a government panel said on Monday (Dec 2).

“We are moving in a more uncertain world,” Economic Planning Secretary Arsenio Balisacan told a news conference, adding that global events could provide domestic headwinds while US President-elect Donald Trump’s tariff agenda could impact the country in either direction.

Finance Secretary Ralph Recto on Monday told a briefing the Philippines could still “realistically” grow by 6.0 per cent this year.
At the same time, the Philippines also widened its growth target for 2025-2028 to a range of 6 to 8 per cent, from 6.5 to 7.5 per cent for 2025 and 6.5 to 8 per cent in 2026-2028 in the June meeting to reflect “evolving domestic and global uncertainties.”

President Ferdinand Marcos Jr is due to finish his single, six-year term in 2028.

The Philippine economy grew 5.2 per cent in the third quarter, its weakest in more than a year, as adverse weather disrupted government spending and dampened farm output. It brought year-to-date growth to 5.8 per cent.
The Philippine peso is expected to average 57 to 57.50 per US dollar for 2024, from an earlier assumption of 56 to 58, the interagency said.

The government changed its peso assumption to 56 to 58 per US dollar for 2025 from 55 to 58, but maintained it at 55 to 58 for 2026 to 2028.

There is still a chance for the Philippine peso, which closed at 58.655 per US dollar on Monday and touched an intraday record low more than a week ago, to be broadly stable over the medium term, central bank Deputy governor Francisco Dakila told the same news conference.
The interagency panel revised its inflation assumption for 2024 to a range of 3.1 to 3.3 per cent, from 3 to 4 per cent, and maintained it at 2 to 4.0 per cent for 2025 to 2028. REUTERS

60 container vessels scheduled to arrive at Yangon Port in Dec

A total of 60 container vessels are slated to arrive at the Yangon Port in December 2024, the Myanma Port Authority announced.
Thirteen container vessels run by SITC Shipping Line, eight by Cosco Shipping Line, six by Samudera Shipping Line, five by Maersk A/S Line, four each by MSC Line, CMA CGM Line, Ti2 Container Line and RCL Line, three each by BLPL Shipping Line and ONE Line, two each by PIL Line and Evergreen Line, and one each by Ocean Salute Shipping Line and Land and Sea are scheduled to enter the Yangon Port in December.
Myanma Port Authority has arranged maritime trade channels to handle increasing imports to meet domestic demand, bolster exports, and improve port capacity for significant ship arrivals. Myanma Port Authority notified that it will inform exporters and importers of ship arrival schedules promptly upon extended schedule.
Myanma Port Authority stated that 49 vessels in January, 53 in February, 55 in March, 50 in April, 52 in May, 50 each in June, July and August, 55 in September, 52 in October and 57 in November arrived at the Yangon Port.
Yangon Port handled 629 container vessels in 2023. Owing to the draft extension, the international ocean liners can access the inner port for now, according to the Myanma Port Authority’s statement on 22 June 2022.
After the new navigation channel (Kings Bank Channel) accessing the inner Yangon River had been found, the draft extension work was accelerated. The port can now handle larger ships. The container vessel MV SITC Zhaoming (185.99 metres LOA, 35.25 metres Beam, 29,232 GRT and 2,698 TEU) of Hong-Kong based SITC Shipping Line docked at Asia World Port Terminal for the first time on 22 June, which is the largest ship that AWPT Port handled.
From May 2021, the arrival of the ships at terminals in Yangon has increased again. Three new container vessels by Maersk Line Myanmar (SeaLand Maersk) started to run to fulfil the seaborne trade requirements in 2021. Earlier, the larger ships had draft problems preventing sailing on the Yangon River. With the draft being extended up to 10 metres, the larger ocean liners can enter the Thilawa Port. — NN/KK

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မန်ယူတိုက်စစ်မှူး ဇီယက်ခ်ဇီး ဆရာဟောင်းရှိသည့် ဂျူဗင်တပ်ဆီပြောင်းရွှေ့ရန် စီစဉ်

မန်ယူတိုက်စစ်မှူး ဇီယက်ခ်ဇီးဟာ နည်းပြဆရာဟောင်းရှိတဲ့ ဂျူဗင်တပ်အသင်းဆီ ပြောင်းရွှေ့ဖို့ စီစဉ်နေပါတယ်။

အသက် ၂၃ နှစ်ရှိ ဟော်လန်တိုက်စစ်မှူးဟာ ဘိုလော့ညာအသင်းမှာ လက်ရှိ ဂျူဗင်တပ်နည်းပြ သီယာဂိုမော့တာနဲ့ လက်တွဲညီခဲ့သူပါ။

မန်ယူနည်းပြသစ် အာမိုရင် လက်ထက်မှာ ဇီယက်ခ်ဇီးအတွက် ပွဲထွက်ခွင့် အာမခံချက် မရှိတာကြောင့် အီတလီစီးရီးအေလိဂ်ဆီ ပြန်လည်ပြောင်းရွှေ့ဖို့ စီစဉ်လာခဲ့တာပါ။

ဂျူဗင်တပ်အသင်းဘက်ကလည်း အီတလီလိဂ်မှာ ခြေစွမ်းပြခဲ့တဲ့ ဇီယက်ခ်ဇီးကို ခေါ်ယူလိုနေပြီး အငှားစာချုပ်နဲ့ ကမ်းလှမ်းဖို့ရှိတယ်လို့ သိရပါတယ်။
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နောက်ပိုင်း update တွေမှာ မီးလက်ဝါးများပါလာမှာလားမသိဘူး

Not all heroes wear capes.

Until now the hook has not landed