Philippine economy one of strongest in the Asia Pacific region
Members of the APEC Business Advisory Council (ABAC) regarded the country’s economy as one of the strongest in the Asia Pacific region and expect it to grow between 6–7 percent. Anthony J.L. Nightingale, one of ABAC members and Director of the Jardine Matheson Holdings Limited, said “It is clear to all of us that the [...]
Business Processing Outsourcing BPO Growth in the Philippines
By Jelly Musico Sen.Edgardo Angara urged the government Tuesday to sustain the growth the Information Technology and Business Processing Outsourcing has achieved by allotting more funds for the skills training of the employees in the industry. ”I’m confident the IT-BPO sector will continue to fuel the country’s economy,” said Angara, chairman of the of the [...]
Sustainable development of the Philippines mineral resources
By Lilybeth G. Ison Speaker Feliciano Belmonte Jr. on Tuesday stressed the need of a long-term plan for the sustainable development of the country’s mineral resources. “What we face today is global and unabated environmental degradation. What we need today is a new paradigm shift — adopting a new way of thinking that is in [...]
Benigno Aquino SONA 2012
Senator Edgardo J. Angara is expecting President Benigno S. Aquino III to mention the government’s achievements in economy, education, healthcare and agricultural productivity in his third State-of-the- Nation Address (SONA) on Monday. “First quarter growth was strong. We are just one notch below attaining investment grade for the first time ever. The unemployment rate also [...]
Invest on Smart Infrastructure
Asian executives on Thursday agreed that more focus on fundamentals and higher investments on infrastructure would ensure further integration in Asia as the region takes on bigger role on world economy. Finance Secretary Cesar Purisima, who heads the Asian Development Bank (ADB) Board of Governors, cited that “clearly we live in an age of transition” [...]
IMF Forecast on Asian Economy
By Joann Santiago MANILA, April 17 (PNA) – The International Monetary Fund (IMF) lowered its growth projection for ASEAN-5, which includes the Philippines, for 2012 on account of sustained drop in external demand but sees improvement for 2013. In the Chapter 2 of IMF’s World Economic Outlook (WEO) released Tuesday, the multilateral lender cut its [...]
Philppine Economy Growth
President Benigno S. Aquino III will continue to focus on the country’s economic growth and will not be distracted by the ongoing impeachment trial of Supreme Court Chief Justice Renato Corona, the President’s Spokesman said. “In his speech at the inauguration of the D’Luxe Bags Philippines, a 10-month-old luxury bag factory in Tarlac, the President [...]
2012 Investment Priority Plan of the Philippines
The Philippine Chamber of Commerce and Industry (PCCI) has called on the Board of Investments (BOI) to retain the energy sector, or at least power supply projects, especially those located in missionary areas, in the 2012 Investment Priority Plan (IPP). The business group, with the support of major industry players and stakeholders, made this recommendation [...]
Philippine economy is likely to grow 4.2 percent in 2012
The World Bank on Tuesday said the Philippine economy is likely to grow 4.2 percent next year due to the full recovery of public spending and exports. In its latest Philippines Quarterly Update, the Washington-based lender said the country’s gross domestic product (GDP) is projected to grow 4.2 percent next year from an earlier forecast [...]
Trade between the Philippines and China
Trade between the Philippines and China posted a 32 percent annual growth from January to October 2011, signaling the continuing robustness of the bilateral economic relations amidst weaknesses in the global economy. The Department of Foreign Affairs, through the Philippine Embassy in Beijing, reported that according to statistics issued recently by the General Administration of [...]