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MANILA, Philippines — The country’s gross domestic product (GDP) growth target for 2024 has been adjusted to a range of 6% to 7%, down from the previous range of 6.5% to 7.5%, National Economic Development Authority (NEDA) chief Arsenio Balisacan said.
DigiPlus [PLUS 12.04, up 1.4%; 155% avgVol] [link] President Andy Tsui guided that PLUS hopes to capture 50% of the P60 billion in gross gaming revenue growth that PAGCOR expects for FY24, and that it is looking to increase its active user base by 25% to 50% to achieve this goal. PLUS revealed that it ended FY23 with 20 million active users, and that it would target provincial users and especially those in the 30-to-40-year-old demographic. Mr. Tsui said that PLUS is allotting P1.5 billion to P2.0 billion for capex this year to rejuvenate some of its aging games and launch new games to appeal to that slightly older demographic. Mr. Tsui also guided investors that revenue growth in FY24 would not be as bombastic as FY23, where PLUS shareholders benefitted from a 306% increase in revenue, due to the high bar of that previous performance.
MANILA, Philippines — President Marcos has ordered a “whole-of-government approach” to help farmers and to ensure public safety as the Philippines faces the impact of El Niño and La Niña.
MANILA, Philippines – Amid overwhelming emotions, Rianne Malixi remains composed as she faces her most significant challenge yet against the best and the brightest in the Augusta National Women’s Amateur firing off Wednesday in Augusta, Georgia.
MANILA, Philippines – Seven Filipino teams missed out on a podium finish in the inaugural Southeast Asia leg of the PUBG Mobile Challengers League (PMCL SEA) over the weekend.
MANILA, Philippines — The Government Arsenal (GA) increased its spending in 2023 by 420 percent, but still failed to meet its ammunition production target for the year, according to a report from the Commission on Audit (COA).
MANILA, Philippines — The documents purportedly showing that President Marcos was on the watchlist of the Philippine Drug Enforcement Agency are fake, the PDEA announced yesterday.
MANILA, Philippines — A house-to-house vaccination drive against measles will be launched in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM).