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Search resuls for: "Romeo Ranoco"


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FILE PHOTO: A security guard stands beside a logo of the Bangko Sentral ng Pilipinas (Central Bank of the Philippines) posted at the main gate in Manila, Philippines April 28, 2016. “We do not rule out any possibility of further rate hikes unless there is consistent improvement in the successive months’ inflation prints. Median forecasts showed rates at 6.75% until mid-2024, with a first rate cut seen as coming in Q3 - later than predicted in a poll taken before the recent surprise hike. “To maintain the strength of the peso, the BSP needs to ensure a healthy interest rate differential with the U.S. Therefore, a pause by the U.S. Fed adds to a case that BSP will do likewise,” said Sarah Tan, economist at Moody’s.
Persons: Romeo Ranoco, Eli Remolona, , Debalika Sarkar, , Sarah Tan Organizations: ng Pilipinas, Central Bank of, REUTERS, Reuters, ANZ, U.S Locations: BENGALURU, Philippine, Philippines, Manila
REUTERS/Romeo Ranoco/File Photo Acquire Licensing RightsWELLINGTON, Oct 11 (Reuters) - Whoever wins New Zealand’s election on Saturday is going to have to make some difficult decisions on investment and staffing for a defence force struggling with aging equipment and personnel shortages. The centre-right National Party led by Christopher Luxon is expected to emerge as the largest party in the Saturday vote with Prime Minister Chris Hipkin’s Labour Party coming second. Both Labour and the National Party have said they'd like to increase defence spending but have not promised to do so. Underspending on the military and the challenges it faces are well documented and it is becoming increasingly difficult to postpone costly decisions, defence analysts say. The Labour Party has campaigned on a policy of introducing an authority to set pay rates.
Persons: Te, Romeo Ranoco, Christopher Luxon, Chris Hipkin’s, , , Anna Powles, Lucy Craymer, Robert Birsel Organizations: Royal New Zealand Navy, REUTERS, Rights, New Zealand Defence Force, National Party, Chris Hipkin’s Labour Party, Labour, National, ACT, Gross, Centre for Defence, Security, Massey University, New Zealand, Labour Party, Thomson Locations: Manila, Philippines, New Zealand, Pacific, South Pacific
Singapore's Grab forecasts smaller operating loss this year
  + stars: | 2023-08-23 | by ( ) www.reuters.com   time to read: +1 min
A Grab employee shows the Apps used to book a cab in the metro Manila, Philippines July 22, 2016. REUTERS/Romeo Ranoco/File Photo Acquire Licensing RightsAug 23 (Reuters) - Grab (GRAB.O) forecast a smaller operating loss for the current fiscal year and pulled forward its profitability timeline on Wednesday, driven by cost savings from its recent workforce reduction. The Southeast Asian internet firm now sees adjusted loss before interest, taxes, depreciation and amortization between $30 million and $40 million, compared to its earlier forecast of $195 million to $235 million. Grab is undergoing a restructuring focused on lowering costs, with measures including cuts to its cloud bill and consumer and worker incentives. In the quarter ended June 30, the company's revenue increased 77%, to $567 million, surpassing analysts' estimate of $546.1 million, according to Refinitiv data.
Persons: Romeo Ranoco, Yuvraj Malik, Pooja Desai Organizations: REUTERS, Thomson Locations: Manila, Philippines, U.S, Bengaluru
[1/2] Construction of new buildings alongside older establishments is seen within the business district in Makati City, metro Manila, Philippines January 25, 2017. "We are confident that we will remain in our high growth trajectory," Baliscan told a media briefing on Thursday. On a quarter-on-quarter basis, GDP growth came in at 2.4% in October-December, compared with expectations for a 1.5% rise and the previous quarter's upwardly revised 3.3% expansion. Like the rest of the world, the Philippines is battling red-hot inflation, currently running at 14-year highs, which if not tamed could crimp domestic consumption, a major driver of growth. "We expect a difficult year ahead for the Philippines," Capital Economics said in a note, citing the impact of high inflation and tighter monetary policy on domestic spending.
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