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The Philippine economy is projected to grow by 5.9% in 2025, up from 5.6% in 2024, driven by increased investments and consumption, according to UBS Investment Bank. Factors such as recovering private investments, solid labor income growth, and easing food inflation will support this growth, alongside government spending and services exports. Additionally, easing inflation may lead the central bank to reduce policy rates by 50 basis points this year.
Philippine economic growth is projected to accelerate to 5.9% in 2025, driven by increased investments and consumption, according to UBS economist Grace Lim. The recovery in private investments, solid labor income growth, and easing food inflation are expected to bolster domestic demand, while government spending and service exports, particularly in the BPO sector, will further support growth. Lim anticipates that manageable inflation will allow the Bangko Sentral ng Pilipinas to reduce policy rates by 50 basis points this year.
Huawei hosted the APAC Eco Partner Summit 2025 in Kuala Lumpur, gathering over 160 partners from five countries to discuss the intelligent ecosystem and business strategies. Key topics included digital transformation in culture, tourism, and mobile gaming, with industry leaders sharing insights and case studies. Huawei emphasized its commitment to enhancing user engagement and supporting local enterprises in global markets, showcasing its innovative triple-fold smartphone and the growth of its app ecosystem.
Maya, a leading digital banking and payments platform in the Philippines, achieved profitability in 2024, driven by its expansion into consumer credit and digital banking services. The customer base grew to 5.4 million, with deposits reaching 39 billion pesos, a 59% increase year-on-year, and cumulative loan disbursements totaling 92 billion pesos. The company is on track to achieve profitability across its key units by December 2024.
The Philippine team ATGS achieved a historic 2nd runner-up position at the Huawei Developer Competition 2024 in Bangkok, marking the first podium finish for a Filipino team in the Enterprise Track. Their innovative solution, AccuBooks Plus, is an online accounting software designed to enhance financial operations for SMEs, promoting transparency and data-driven decision-making. Engr. Allan Yumul, ATGS President, emphasized the importance of technology and financial knowledge in driving SME success.
HSBC is restructuring its leadership in Asia to streamline operations by assigning additional responsibilities to country heads in smaller markets. Effective March 1, Peter Kim and Tim Evans will take on dual roles in Korea and Vietnam, respectively, while other leaders in Malaysia, Taiwan, and Thailand will also assume additional duties. The changes aim to enhance service delivery and support strategic objectives, as CEO Georges Elhedery continues to implement cost-reduction measures and simplify the organizational structure.
Mosaic Solutions, a Philippine business technology provider, has acquired HelixPay, a commerce enablement platform, to create a unified system for in-store and digital operations. This integrated platform will combine point-of-sale systems, digital commerce, and payment solutions, enhancing efficiency for businesses in the region. Together, Mosaic Solutions and HelixPay handle over PHP 4 billion (US$69.19 million) in annual transaction value.
UBS has increased its price target for Marvell Technology Group Ltd to $125 from $115 while maintaining a Buy rating. The company specializes in integrated communications and storage circuits, with net sales primarily from data centers (40.2%) and enterprise networks (22.3%), among other sectors. Geographically, sales are dominated by China (43.1%) and the United States (14.4%).
Huawei hosted the APAC Eco Partner Summit 2025 in Kuala Lumpur, attracting over 160 partners from five countries, including 35 CXOs. The event focused on building an intelligent ecosystem, featuring discussions on culture, tourism, and mobile gaming, while showcasing Huawei's innovative triple-fold smartphone.Key insights were shared by industry leaders, emphasizing the importance of collaboration and user engagement. Huawei aims to strengthen its global ecosystem, enhance local partnerships, and support brands in penetrating the Chinese market through its extensive digital platform.
In 2024, the Groupe reported a net income of 1,660 million euros, a 26.5% increase from 2023, with earnings per share rising to 6.62 euros. Free cash flow before changes in working capital reached 1,838 million euros, reflecting higher investments and a net cash position of 775 million euros. The company also announced the acquisition of AKA Asia, enhancing its regional capabilities.
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Philippine economy expected to grow 5.9 percent driven by investments and consumption
03:57 28.02.2025
Philippine economy projected to grow 5.9 percent driven by investments and consumption
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huawei hosts apac eco partner summit to enhance intelligent ecosystem collaboration
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huawei hosts apac eco partner summit to enhance intelligent ecosystem collaboration
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